Penetration Testing Market Highlights:
Market Research Future (MRFR), in its latest “Penetration Testing Market” report, reveals that the market can surge at 26% CAGR to value at above USD 2.8 billion by 2023. The rapid expansion of the penetration testing market can be attributed to the expansion the information technology sector.
Solutions offered by Penetration Testing Marketaid enable enterprises detect security vulnerabilities, provide configuration review, and determine flaws in applications. This tightens the security of an environment to prevent from data breach. Thus, the global penetration testing market is expected to achieve considerable revenue by 2023.
Major Key Players:
MRFR listed some reputed names in the penetration testing market. They are; Core Security SDI Corporation (U.S.), IBM Corporation (U.S.), Context Information Security (U.S.), Redteam Security Consulting (U.S.), Qualys, Inc. (U.S.), Rapid7, Inc. (U.S.), First eye Inc (U.S.), Veracode (U.S.), Acunetix (Malta), Trustwave Holdings, Inc. (U.S.), Cigital, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Checkmarx (Israel), and WhiteHat Security (U.S.). Companies are focusing on are designing more effective pen-testing solutions. Investments in such developments can favor the expansion of the global penetration testing market. A comprehensive study of dynamics of key players can aid investors gauge the market pulse, which help them in making effective commercial decisions.
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The study of the worldwide penetration testing market is based on component, type, organization size, deployment, and end-user.
Services and testing solutions are component-based segments of the global penetration testing market. The services segment includes managed services and professional services. The professional services segment includes implementing & integrating services, consulting services, and training services. The testing solutions segment comprises web application penetration testing, network penetration testing, social engineering, mobile application penetration testing, wireless penetration testing, and others.
Large enterprise, and small and medium enterprise are organization size-based segments of the global penetration testing market. The need for securing information across industries of different sizes is rising. This is expected to prompt the expansion of the global penetration testing market.
External testing, internal testing, blind testing, and double blind testing are type-based segments of the global penetration testing market. Internal testing is being largely adopted by different sector, followed by blind testing. This is expected to favor the global penetration testing market.
The deployment-based segments of the penetration testing market are on-premises and on-cloud.
The on-cloud segment is expected to cash-in on the growing adoption of cloud technology. The expansion of the global market of penetration testing market.
The end-user-based segments of the penetration testing market are BFSI, IT & telecom, energy & power, manufacturing, media & entertainment, healthcare, and others. BFSI sector deal in sensitive data of customers. Hence, they are at a higher risk of data breach. This explains the expansion of the growing rate of adoption of penetration testing solutions by BFSI, which is expected to cause the worldwide penetration testing market to surge.
Business motives are better achieved on digital platform. The use of digital solutions can induce high security issues. North America is a technologically advanced region. Hence, along convenience, the region often encounters security challenges. Companies are deploying robust solutions to combat cyber-attacks and data breach, which is surging the need for penetration testing.
This North America penetration testing market is to lead the global market through the study period. Europe penetration testing market is likely to surge owing to the high rate of adoption of penetration testing solutions by the IT sector. Asia Pacific penetration testing market can expand at a rapid pace owing to the presence of advanced technological base.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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List of Tables
Table1 Global Penetration Testing Market: By Region, 2017-2023
Table2 North America Penetration Testing Market: By Country, 2017-2023
Table3 Europe Penetration Testing Market: By Country, 2017-2023
List of Figures
Figure 1 Global Penetration Testing Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porters’ Five Forces Analysis of Global Penetration Testing Market
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