Latest Trends and Opportunities in Global Penetration Testing Market
According to a new report published by Reports Monitor titled, “Global Penetration Testing Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Penetration Testing market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Penetration Testing is a testing methodology to evaluate the security of an IT infrastructure by safely trying to exploit vulnerabilities. Penetration tests are typically performed using manual or automated technologies to systematically compromise servers, endpoints, web applications, wireless networks, network devices, mobile devices and other potential points of exposure.
Increase in the number of cyber-attacks has continuously raised the demand for an effective security solution, thereby influencing the market growth. Rapid adoption of cloud based services by small and medium enterprises also contributes in the market growth significantly. However, lack of knowledge about cyber security solution is mainly hampering the market growth. Moreover, rapid advancement in Internet of Things (IoT) and its application is anticipated to generate lucrative market opportunities.
This report provides a detailed analysis of Penetration Testing market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Technological segmentation of global penetration testing is majorly focused on: testing methodology, deployment mode, and end-use. Based on testing methodology, market is bifurcated into: network penetration testing, web application penetration testing, mobile application penetration testing and others, while on the basis of deployment mode market is segmented into: On-premise and cloud based. Based on the end-use market is bifurcated into: IT and Telecom, banking and financial services, government and defense, Healthcare and others.
Global Penetration Testing market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Well established infrastructure coupled with the presence of major players is mainly influencing the growth of North America, while immense investment in IT and Telecom sector specifically by the developing economies is driving the growth of Asia Pacific.
Major vendors operating in the global penetration testing market are: Hewlett Packard Enterprise, IBM Corporation, Rapid7, Inc., Qualys, Inc. , Veracode , Trustwave Holdings, Inc., Acunetix , Cigital, Inc. , WhiteHat Security, and Checkmarx.
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