ABI Research: Security Testing Market Should Grow to $6.9 Billion by 2020

Email Security Threats Remain a Persistent HeadacheWeb and cloud-based software applications are not just critical tools to connect people today, but they’re also a constant security threat.

In a recent competitive analysis, ABI Research, a leader in technology market intelligence, analyzed the importance of software security. The firm forecasts that the security testing market will grow to $6.9 billion by 2020.

Still, there’s some resistance.

“The biggest challenge for company software developers lies in market forces and funding,” says Monolina Sen, Senior Analyst at ABI Research. “Their incentives, and consequentially their priorities, are tied to implementing new features and meeting deadlines. With companies always aiming to shorten product cycles, app security is usually among the first add-on to be cut.”

Traditionally, security audits and quality assurance testing happen toward the end of the development cycle, by which point most security issues are expensive to fix.

“The changing threat landscape and increasing frequency of application attacks, however, is forcing security-focused organizations to more adequately address web application security through secure software development. As such, application security testing is becoming crucial for organizations to adhere to compliance regulations, while at the same time defending themselves from security attacks,” a provided statement reads.

In its report, ABI Research reviewed the software security approaches of six industry vendors: Acunetix, Checkmarx, Cigital, IBM, Qualys, and Veracode. The report highlights current software security development trends and provides insight into the secure software development solutions existing in the market, as well as their effectiveness.

The report can be accessed here.