Global Penetration Testing Market, By Component (Solutions, Services), Vertical (Retail, Healthcare, Government and Defense, IT and Telecom, Banking, Financial Services, Insurance (BFSI), Others), Testing Service (Mobile Application Penetration Testing, Network Penetration Testing, Wireless Penetration Testing, Web Application Penetration Testing, Social Engineering, Others), Organization Size (Large Companies, Small, Medium Businesses), Deployment Model (Cloud-Based, On-Premise), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Penetration Testing Market Analysis and Insights
Penetration testing market will reach at an estimated value of USD 5,820.74 million and grow at a CAGR of 20.00% in the forecast period of 2021 to 2028. Rise in the implementation of security measures is an essential factor driving the penetration testing market.
Penetration testing is defined as the type of process of testing, measuring and increasing already fixed security solutions on devices such as mobile phones among other information systems. The penetration is frequently achieved through a third party and the penetration is done at the demand of the client, that is oftentimes the owner of the information system or device. This type of testing is advantageous as it easily defines the vulnerabilities in a specific device or system and also helps in ensuring the client’s trust as well as reputation.
Significant rise in mobile-based business-critical applications is a crucial factor accelerating the market growth, also increasing penetration of IoT based devices, rising demand for network analysis, rising large volume of data generation, increasing shift in the focus of enterprises to use cloud computing, increasing adoption of IoT based equipment in industrial application are constantly increasing the data consumption in industries and hence, the industries are taking adequate measures to save their data from vulnerable cyber-attack, which in turn increases the demand for the product, increasing number of data centers and rising use of cloud computing platform are the major factors among others boosting the penetration testing market. Moreover, rising government initiatives and enterprises that focus on digitalization, increasing technological advancements and modernization in the devices used and rising research and development activities will further create new opportunities for penetration testing market in the forecast period mentioned above.
However, rising security breaches due to internal vulnerabilities is the vital factor among others restraining the market growth, while increased costs of penetration testing and lack of skilled security analysts will further challenge the for penetration testing market in the forecast period mentioned above.
This penetration testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on penetration testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Penetration Testing Market Scope and Market Size
Penetration testing market is segmented on the basis of component, vertical, testing service, organization size and deployment model. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, penetration testing market is segmented into solutions and services.
- Based on vertical, the penetration testing market is segmented into retail, healthcare, government and defense, IT and telecom, banking, financial services, insurance (BFSI) and others.
- Based on testing service, the penetration testing market is segmented into mobile application penetration testing, network penetration testing, wireless penetration testing, web application penetration testing, social engineering and others.
- Based on organization size, the penetration testing market is segmented into large companies, small and medium businesses.
- The penetration testing market is also segmented on the basis of deployment model into cloud-based and on-premise.
Penetration Testing Market Scope Country Level Analysis
Penetration testing market is analysed and market size, volume information is provided by country, component, vertical, testing service, organization size and deployment model as referenced above.
The countries covered in the penetration testing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the penetration testing market due to increase in the investment of the software testing, rising demand for network analysis, rising large volume of data generation and increasing shift in the focus of enterprises to use cloud computing in this region. Asia-Pacific is the expected region in terms of growth in penetration testing market due to significant rise in mobile-based business-critical applications and increasing penetration of IoT based devices in this region.
The country section of the penetration testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Penetration Testing Market Share Analysis
Penetration testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to penetration testing market.
The major players covered in penetration testing market report are Qualys, Inc, Rapid7, FireEye, Inc, IBM, Micro Focus or one of its affiliates, Synopsys, Inc, SecureWorks, Inc., Trustwave Holdings, Inc., Acunetix, Netsparker, VERACODE, Rhino Security Labs, Inc, HelpSystems, ImmuniWeb SA, Checkmarx Ltd, PortSwigger Ltd., Context Information Security, ISECURION, BreachLock Inc and Raxis LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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