Penetration Testing Market SHARE, TREND, OPPORTUNITY AND FORECAST

Product Overview

Penetration testing is used to check the vulnerabilities of the computer in order to determine the unauthorized access or other malicious activity in the computer. It applies the regular framework for measuring testing of the security procedures. It may involve the breaching of the numerous number of the application systems in order to expose the weaknesses involved in the system framework. The two major penetration testing methods involved in the penetration testing are static analysis tools and dynamic analysis tools.

Market Size and Forecast

The global penetration testing market is anticipated to increase at a CAGR around 14.2% during 2018-2027. It is anticipated to reach around USD 2.6 billion by 2027. The increasing penetration of the internet across the globe coupled with the increasing the cyber-attacks across the globe is anticipated to increase the market growth of the global penetration testing market during the forecast period.

The global penetration testing market can be segmented on the basis of deployment, services, organization type, end-user and region. On the basis of deployment, it is sub-segmented into on-cloud and on-premises. On cloud deployment services is anticipated to register highest growth during the forecast period. The various end-user industries are saving the important data from cyber-attacks on the account of the cost-effective and time-efficient features of the cloud. On the basis of services, it is sub-segmented into professional services and managed services. On the basis of organization, it is sub-segmented into small enterprise, medium enterprise and large enterprise. The large scale enterprises are anticipated to lead the organization segment during the forecast period. The large scale enterprise has large business framework hence requires secure data in large quantity. The increasing application of the penetration testing in the large industries is anticipated to boost the growth of the sub-segment during the forecast period. On the basis of end-user, it is sub-segmented into IT & telecom, BFSI, manufacturing, energy & power, healthcare, media & entertainment and others. The IT& telecom sub-segment is anticipated to register highest CAGR during the forecast period. The increasing application of the internet in IT industry is anticipated to increase the penetration of the hackers.

By region, global penetration testing market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global penetration testing market during the forecast period. The highly developed IT industry in the region leads to increase in the investment of the software testing which in turn is anticipated to boost the growth of the global penetration testing market during the forecast period. Additionally, the presence of some of the key players in the region such as Hewlett Packard Enterprise and IBM Corporation is also driving the growth of the global penetration testing market. Asia-Pacific region is anticipated to be the fastest developing region for the global penetration testing market. The increasing development of the IT and retail industry in the region leads to increasing use of the mobile-based and web-based business applications. This in turn is anticipated to boost the growth of the global penetration testing market in the region.

Market Segmentation

Our in-depth analysis segmented the global penetration testing market in the following segments:

By Deployment:

On-cloud
On-premises
By Services:

Professional services
Managed services
By Organization Type:

Small enterprise
Medium enterprise
Large enterprise
By End-User:

IT & telecom
BFSI
Manufacturing
Energy & power
Healthcare
Media & entertainment
Others
Penetration Testing Market Graph

By Region

Global penetration testing market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.
Growth Drivers and Challenges

The increasing number of the cyber-attacks coupled with the increasing need to meet the compliance measures is anticipated to be a growth driver for the global penetration testing market during the forecast period. The increasing demand for the protection of the software based properties such as mobile and web applications is anticipated to boost the growth of the global penetration testing market. Additionally, the increasing application of the cloud based security solutions is anticipated to fuel the demand for the penetration testing. This in turn is anticipated to foster the growth of global penetration testing market. Moreover, the increasing digitization in the developing countries is anticipated to increase the trend of IoT based connected devices. This in turn drives the demand for the penetration testing. The rising internet activities across the globe coupled with the increased security compulsion is driving the market growth of the global penetration testing market during the forecast period.

The limited information about the various cyber security solutions coupled with the high cost and complexity of the testing framework is anticipated to pose a challenge for the global penetration testing market during the forecast period.

According to Eurostat, over the last few years the cloud computing services grew from 19 to 26 growing at a rate from 23.81% in 2018.

Europe Cloud Computing Services

cloud

Key Players

Context Information Security
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Core Security SDI Corporation
Redteam Security Consulting
Qualys, Inc.
Rapid7, Inc.
Hewlett Packard Enterprise
Veracode
Trustwave Holdings, Inc.
Acunetix
Cigital Inc.
IBM Corporation
Checkmarx
WhiteHat Security

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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