Penetration Testing Market 2019 Sales Revenue, Emerging Technologies, Segments, Size, Growth and Global Trends by Forecast to 2023
Global Penetration Testing Market is expected to reach approximately USD 2.8 billion by 2023 growing with 26% CAGR over the forecast period 2017-2023
Pune, India – March 29, 2019 /MarketersMedia/ —
Penetration Testing Market Overview:
The use of penetration testing as one of the principal methods in ensuring a strong security program within organizations is driving its growth. The global penetration testing market is poised to capture a dynamic CAGR of 26% over the forecast period, affirms Market Research Future (MRFR) in an in-depth study. The global penetration testing market is likely to propel to USD 2.8 Bn by the end of 2023.
Cyber attacks incidents have elevated to such a level that Penetration Testing Market has increasingly become a requirement for organizations of varied sizes to protect their organization. Hackers are increasingly crafting advanced skillful attacks to penetrate unprotected sites and steal valuable information. Penetration testing acts as a secure method to find the loopholes in the existing security framework and organizations are progressively leveraging to eliminate every possible vulnerability from their systems which has accelerated the growth of the penetration testing market.
Towering need to protect enterprise data which could eventually lead to massive economic loss has increased the adoption of penetration testing. Moreover, the increasing trend of BYOD has raised the chances of a data breach which has also motivated the growth of the global penetration testing market. Furthermore, increased interest from global regulatory bodies has resulted in the spread of testing mandates which will further induce demand within the global penetration testing market.
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Major Key Players:
The main players in the global penetration testing market include Context Information Security (U.S.), Veracode (U.S.), Qualys, Inc. (U.S.), Checkmarx (Israel), Acunetix (Malta), Redteam Security Consulting (U.S.), First eye Inc. (U.S.), Trustwave Holdings, Inc. (U.S.), WhiteHat Security (U.S.), Core Security SDI Corporation (U.S.), Cigital, Inc. (U.S.), Rapid7, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), and IBM Corporation (U.S.).
Segmental Analysis:
The global penetration testing market has been segmented based on type, component, deployment, organization size, and end-user. By type, the global penetration testing market has been segmented into external testing, blind testing, internal testing, and double-blind testing. By component, the global penetration testing market has been segmented into services and testing solutions. The services segment has been additionally segmented into professional services and managed services.
The professional services sub-segment has been additionally segmented into consulting services, implementing & integrating services, and training services. The testing solutions segment has been further segmented into network penetration testing, web application penetration testing, mobile application penetration testing, social engineering, wireless penetration testing, and others. By deployment, the global penetration testing market has been segmented into on-cloud and on-premises. By organization size, the global penetration testing market has been segmented into small & medium enterprises and large enterprises. By end user, the penetration testing market has been segmented into IT & telecom, BFSI, manufacturing, energy & power, healthcare, media & entertainment, and others.
Detailed Regional Analysis:
By region, the global penetration testing software market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW). North America is domineering the global penetration testing market due to the concentration of major IT giants such as IBM Corporation, Oracle Corporation, and others in the region. The high incidence rate of cybersecurity in the region is a key market driver. Europe too is a significant market driven by high adoption of cloud services in the region.
APAC is slated to showcase relatively faster growth on account of expanding IT sector in the region. The developing countries of the region have witnessed a considerable rise in the number of SMEs who are investing heavily on their security infrastructure. India, Japan, South Korea, and China are the country-specific markets within the APAC market.
Competitive Analysis:
The market shows an intensified growth pace due to the constructive influence exerted by the market forces from both internally and externally. The accretive nature of a few of the assets in the market is projected to increase the progress capability of the market. Moreover, the alliances being created in the market are projected to additionally encourage the development of the market in the approaching years.
The players are staunchly taking on the obstacles to progress and are building strategies that are expected to lead to a useful effect on the market’s progress. Specific areas in the market are projected to accomplish an absolute lead in the market place owing to improved strategies. The absorbed costs in the market are effortlessly dealt with, unlocking more room for expansion in the market. The promotional and miscellaneous expenses are upgraded chiefly due to the advancement of the market.
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Industry Updates:
March 2019 Secure Decisions, a cybersecurity-focused division of Applied Visions, Inc., released its new application penetration testing technology, the Attack Surface Detector (ASD). The company will be demonstrating its new software at the 2019 S&T Cybersecurity and Innovation Showcase, March 2019. The funding for technology has been provided by DHS S&T.
Target Audience:
• Penetration testing tool providers
• Penetration testing service providers
• Network solution providers
• Network administrators
• Application developers
• System integrators
• Resellers
• Managed service providers
• Cybersecurity consulting firms
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
Continued….
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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
Continued….
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
Continued….
About Market Research Future:
At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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