APAC Security Testing Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| Market Size (2023) | USD 2.29 Billion |
| Market Size (2028) | USD 7.56 Billion |
| CAGR (2023 - 2028) | 26.97 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Security Testing Market Analysis
The Asia Pacific Security Testing Market size is expected to grow from USD 2.29 billion in 2023 to USD 7.56 billion by 2028, at a CAGR of 26.97% during the forecast period (2023-2028).
The demand for security testing in this region is expected to increase with the escalation in the number of attacks that countries in the region are battling every day.
- Both private companies and governments are battling cyber-attacks on their networks every day. Singapore was under siege from cyber-criminals last year, and for 229 days, cyber-criminals plundered and phished data out from government sites. Countries like India, the Philippines, and South Korea face constant cyber-attacks.
- As enterprises consider providing comprehensive visibility and advanced layer security, including intrusion prevention, web filtering, threat protection, and application control, they face a major challenge managing these point products without integration and lack of visibility.
- Security Testing will ensure that the systems and applications on a network are secure. The evolution of Dynamic application security testing beyond the security testing of back-end web applications has opened up new avenues for the security testing market. They now have the capabilities to test next-generation applications. The ability of some of the testing providers to enable interaction between their static and dynamic security testing techniques provides more detailed information, which is quite useful in QA testing to provide more meaningful results to developers.
- It has been estimated that over 99% of attacks are known as Common Vulnerabilities and Exposures (CVEs). A traditional defense probes the system using manual or automatic vulnerability scanning techniques. However, this produces a lot of redundant and irrelevant information that sheds no light on whether a hacker can use the vulnerability to reach a critical asset. The only solution today is human penetration testing, but infrequent Testingperiodic does not reflect the network's dynamic nature, especially in today's virtual and cloud-based environments.
- These solutions protect web-based and mobile-based applications from vulnerabilities and threats by installing encryption applications and various security testing procedures during the application development life cycle. Business applications hold critical organizational data and are the target of cybercriminals.
- The emergence of HTML5, which requires higher maturity and adoption, drives innovation in DAST. The emergence of cloud computing, along with the ability to offer Testing as a Service (TaaS) with the flexibility to test sensitive applications on-premises and outsource others, has enabled firms across various sectors like BFSI, Government, and Public Sector, Healthcare, and Retail to include Testing in their operations.
APAC Security Testing Market Trends
This section covers the major market trends shaping the APAC Security Testing market according to our research experts:
Transition to online payment methods
In the Asia Pacific, investments in security-oriented products such as security testing, endpoint security, VPN, and firewalls bumped up due to the increased spending by both governments and enterprises (particularly in the banking, telecom, and professional services industry. Australia and India are the next two largest countries in terms of security spending due to the presence of many businesses catering to domestic and international customers.
- Demand for safety when online triggered user growth amidst the financial industry's transition into digitization. According to the Kaspersky Digital Payment Report published last, more than 50% of the surveyed noted a surge in digital payment methods during the pandemic for their convenience during the pandemic with nearly 90% of Asian respondents reported having used mobile payment apps at least once in the last year.
- The Philippines registered the highest growth in new e-cash adopters at 37%, followed by India (23%), Australia (15%), Vietnam (14%), Indonesia (13%), and Thailand (13%). The lowest number of first-time online payment users was recorded in China (5%), South Korea (9%), and Malaysia (9%).
- Despite the fewer users, its large population ensures sufficient cash flow. China has been a leader in mobile payments in APAC even before the pandemic, maintaining a steady flow of users. The country’s most prominent payment channels include Alipay and WeChat Pay, boosted even further by the pandemic. The increase in users is also reflected by malicious actors looking for loopholes in the infrastructure. Concerns over any possible cracks have encouraged governments to control financial malware.
Increase in attacks and government regulatory crackdowns during the pandemic
Security breaches minimize investor confidence. In the context of countries, data breaches can adversely affect the inflow of foreign direct investments, which can cause fluctuations in an economy. Apart from the financial aspects, security breaches in government bodies can affect public security, which is an all-time major concern of any government. Realizing these facts, governments have been focusing on security-testing frameworks. They are trying hard to make businesses and governmental organizations aware of possible threats in various forms and encourage them to integrate efficient cyber security and risk management practices.
- Cyber-attacks amid the Covid-19 pandemic increased by almost 300% in the respective country to reach 1,158,208 compared to 394,499 in last few years, according to the data from Computer Emergency Response Team (CERT-In). But cyber experts claimed the spike could be linked to an increase in online activity last year, particularly during the lockdown imposed to check the Covid-19 spread. However, they blamed a lack of cybersecurity awareness for phishing and malware attacks.
- India also witnessed the highest number of domain name system or DNS attacks in recent years with 12.13 attacks per organization, even though the cost of attacks in the country decreased by 6.08% to INR 5.97 crores, according to International Data Corporation’s DNS Threat Report.
- India’s technology ecosystem is evolving at a massive rate; domestically grown startups are going global and global giants are investing in Indian markets at a fast pace. However, early pandemic era witnessed a series of data breaches on Indian startups. For instance, Juspay, a payment processing company, faced a breach that led to a leak of over 35 million records.
APAC Security Testing Industry Overview
The Asia Pacific security testing market is significantly competitive, with several players. These players are continuously adopting various strategies, such as mergers & acquisitions, product developments, partnerships, and collaborations, to increase their market presence and acquire more customers.
- August 2022 - The renowned technology services and consulting firm Wipro Limited stated that it earned the distinctions of Modern Compute Security and Managed Application Security Testing Specialization in the Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP) Competency. The AWS Level 1 MSSP Competency makes it quicker and simpler for clients to choose the best MSSP to assist them in achieving their goals for business risk and cloud strategy confidence. The clients benefited from Wipro's achievement of further specialist distinctions and its role as a launch partner for AWS Level 1 MSSP Competency.
- September 2022 - Checkmarx, the global pioneer in developer-centric application security testing (AST) solutions, launched the Checkmarx One platform in Singapore for the ASEAN area to assist regional developers in quickly testing, rectifying, and protecting their application code. To serve on-premises, cloud, and hybrid development environments, Checkmarx One is built for cloud-native application security. It also delivers from the cloud. From the initial code commit made by a developer, until the software is sent into production, it discovers security vulnerabilities and improves remediation across the software development life cycle.
APAC Security Testing Market Leaders
HP Inc
IBM
Cisco Systems Inc.
Veracode
Accenture PLC
*Disclaimer: Major Players sorted in no particular order
APAC Security Testing Market News
- January 2022 - The Union Bank of India launched a cyber security awareness kit and set up an automated VAPT (Vulnerability Assessment and Penetration Testing) lab at its Cyber Security Centre of Excellence in Hyderabad. The CoE was set up to support efforts related to cyber security, such as workshops and training sessions for customers, vendors, and staff.
- February 2023- India has joined its Quad allies, Australia, Japan, and the United States, in starting a campaign to increase awareness of the hazards on the Internet in the Indo-Pacific region and beyond as a result of the growing attacks on its vital cyber infrastructure by hackers associated with China. India, Australia, Japan, and the US will soon see the start of a public push by The Quad to increase cyber security. Internet users from the Indo-Pacific area and beyond will also be expected to participate in the Quad Cyber Challenge. The vow to adopt safe and responsible online behaviors is expected of the participants.
APAC Security Testing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain / Supply Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Proliferation of Existing Malware that is Continually Attacking Devices
5.1.2 Increasing Number of Connected Devices
5.1.3 Transition to online payment methods
5.2 Market Restraints
5.2.1 Hesitation to adopt the digitization techniques
5.3 Technology Snapshot
6. Market Segmentation
6.1 Deployment Model
6.1.1 On-premise
6.1.2 Cloud
6.2 Type of Service
6.2.1 Application Security Testing
6.2.1.1 Introduction
6.2.1.1.1 Mobile Application Security Testing
6.2.1.1.2 Web Application Security Testing
6.2.1.1.3 Cloud Application Security Testing
6.2.1.1.4 Enterprise Application Security Testing
6.2.1.2 Testing Method
6.2.1.2.1 SAST
6.2.1.2.2 DAST
6.2.1.2.3 IAST
6.2.1.2.4 RASP
6.2.2 Network Security Testing
6.2.2.1 Introduction
6.2.2.1.1 Firewall Testing
6.2.2.1.2 Intrusion Detection/Intrusion Prevention Testing
6.2.2.1.3 VPN Testing
6.2.2.1.4 URL Filtering
6.3 Testing Tools
6.3.1 Penetration Testing Tools
6.3.2 Software Testing Tools
6.3.3 Web Testing Tools
6.3.4 Code Review Tools
6.3.5 Others
6.4 End-User Industry
6.4.1 Government
6.4.2 Healthcare
6.4.3 BFSI
6.4.4 Manufacturing
6.4.5 Retail
6.4.6 IT and Telecommunications
6.4.7 Others
6.5 Country
6.5.1 China
6.5.2 India
6.5.3 Japan
6.5.4 Others
7. Vendor Market Share
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 HP
8.1.2 IBM
8.1.3 Veracode
8.1.4 McAfee
8.1.5 Cisco Systems Inc
8.1.6 Core Security Technologies
8.1.7 Cigital Inc
8.1.8 Offensive Security
8.1.9 Applause App Quality Inc
8.1.10 Accenture PLC
8.1.11 ControlCase LLC
8.1.12 Paladion Networks
8.1.13 Maveric Systems
8.1.14 Netcraft
8.1.15 Synerzip
- *List Not Exhaustive
9. INVESTMENT ANALYSIS
10. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Security Testing Industry Segmentation
The types of security testing, such as network security, system software security, client-side application security, and server-side application security, have been explained in detail in the report. The security testing market is also explained based on the type of testing tools, such as application testing tools, code review tools, penetration tools, vulnerability assessments, and others.
Asia Pacific Security Testing Market is segmented By Service (Application Security Testing, Network Security Testing), Tools (Penetration Testing Tools, Software Testing Tools, Web Testing Tools, Code Review Tools), By End User Industry (Government, Healthcare, Financial Services, Manufacturing), By Technology Overview (Technology Snapshot, Deployment Models, Ongoing developments, Types of Security Testing, Security Testing Tools), By Deployment Model (On-Premise, Cloud) and Country(China, India, Japan).
The market sizes and forecasts regarding value (USD million) for all the above segments are provided.
| Deployment Model | |
| On-premise | |
| Cloud |
| Type of Service | ||||||||||||||
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| Testing Tools | |
| Penetration Testing Tools | |
| Software Testing Tools | |
| Web Testing Tools | |
| Code Review Tools | |
| Others |
| End-User Industry | |
| Government | |
| Healthcare | |
| BFSI | |
| Manufacturing | |
| Retail | |
| IT and Telecommunications | |
| Others |
| Country | |
| China | |
| India | |
| Japan | |
| Others |
APAC Security Testing Market Research FAQs
How big is the APAC Security Testing Market?
The APAC Security Testing Market size is expected to reach USD 2.29 billion in 2023 and grow at a CAGR of 26.97% to reach USD 7.56 billion by 2028.
What is the current APAC Security Testing Market size?
In 2023, the APAC Security Testing Market size is expected to reach USD 2.29 billion.
Who are the key players in APAC Security Testing Market?
HP Inc, IBM, Cisco Systems Inc., Veracode and Accenture PLC are the major companies operating in the APAC Security Testing Market.
APAC Security Testing Industry Report
Statistics for the 2023 APAC Security Testing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Security Testing analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
