APAC Security Testing Market Size

APAC Security Testing Market Analysis

The APAC Security Testing Market size is estimated at USD 2.91 billion in 2024, and is expected to reach USD 9.60 billion by 2029, growing at a CAGR of 26.97% during the forecast period (2024-2029).

The demand for security testing in APAC 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.
• In June 2023, McAfee Corp., one of the global leaders in online protection, announced McAfee Business Protection, a new comprehensive security solution for small business owners that collaborated with Dell Technologies. McAfee Business Protection assists Dell small business customers prevent cyber threats and vulnerabilities with security, identity and dark web data monitoring, VPN, web protection for safe browsing, and more.
• 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.