Penetration Testing Market Highlights:
Penetration testing is a framework for measurement, testing, and improvement of current security procedures on information systems and supporting application, is popularly known as pen-testing. The process of pen-test works in such a way that system can gain access to resources without prior-knowledge of identification media such as passwords, usernames, and other normal ways of access. Surging demand for secured the web applications to prevent against cyber-attacks and a rise in internet penetration are some of the primary driving factors for the growth in the global penetration testing market through the forecast period.
Moreover, a rising need for fulfilling compliance requirements is one of the driving factors for the growth of the market over the forecast period. Market Research Future (MRFR) has concluded in their latest report that the Penetration Testing Market Size is estimated to exhibit a staggering CAGR of 26% over the forecast period.
Major Key Players:
Some prominent players in the global penetration testing market include Acunetix, Checkmarx, Qualys, Rapid7, CA Technologies (Veracode), Hewlett Packard Enterprise, IBM, Whitehat Security, Trustwave, Contrast Security, Portswigger, Synopsys (Cigital), Wireshark and Netsparker.
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The global penetration testing market is studied for a segmentation that was designed to reveal the hidden trends of the market and for gaining a deeper understanding of the landscape. This study is bound to aid in better decision making of the audience to this report. The penetration testing market is segmented on the basis of type, component, deployment, organization size, end-user, and region.
- Based on component, the global penetration testing market is segmented into services and testing solutions. The services segment is further segmented into professional services and managed services. The professional services segment also includes the segment of consulting services, implementing and integrating services, and training services. The testing solutions segment is further segmented into web application penetration testing, network penetration testing, mobile application testing, social engineering, and wireless penetration testing.
- Based on organization size, the global penetration testing market is segmented into large enterprises and small & medium enterprise. Based on type, the global penetration testing market is segmented into blind testing, internal testing, double blind testing, and external testing. Based on deployment, the global penetration testing market is segmented into on-cloud and on-premise. Based on end-user, the global penetration testing market is segmented into energy and power, healthcare, media and entertainment, BFSI, IT and telecommunication, and manufacturing.
Detailed Regional Analysis:
The penetration testing market is segmented into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America’s penetration testing market is estimated to be the largest, globally. The regional penetration testing market is also estimated to witness fast paced ascension over the forecast period. The US and Canada are anticipated to emerge as prominent country-specific markets over the forecast period. This can be owed to the presence of various market giants in the region.
Asia Pacific is expected to upscale at the fastest rate over the forecast period. China, Japan, India, and South Korea are estimated to emerge as prospective growth pockets within the regional penetration testing market. This is attributable to the ascending number of small and medium enterprises in IT sector. In addition, India is expected to witness the fastest growth rate within Asia Pacific within the penetration testing market. This can be owed to the introduction of various initiatives by the government for boosting the startup ecosystem within IT sector. On the other hand, Europe is estimated to witness substantial growth in the market owing to the robust technological infrastructure.
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