Global Penetration Testing Market Research Growth, Trend and Forecast
According to a new market research report “Penetration Testing Market Size, Share, Growth, Trends – Global Industry Analysis And Forecast To 2025″, published by PlanetMarketReports, The Global Penetration Testing Market was valued at USD 599.32 million in 2016 and is projected to reach USD 4,138.83 million by 2025, growing at a CAGR of 23.95% from 2017 to 2025.
What is Penetration Testing Market – Penetration testing is the process of measuring, testing, and increasing already fixed security solutions on devices such as mobile phones and other information systems. The penetration is frequently accomplished through a third party. This penetration is done at the demand of the client, which is oftentimes the owner of the information system or device. Penetration testing is advantageous as it easily defines the vulnerabilities in a specific device or system and also ensures the client’s trust as well as reputation.
Penetration testing is a method of testing, measuring and enhancing established security measures on information systems and support areas. The penetration is often carried out by a third party at the request of the owner of the system or network. Penetration testing reveals a set of vulnerabilities, provides compliance with industry standards, reduce client-end attacks, guard the reputation of the organization, maintains trust, and enhance quality assurance.
Penetration Testing Market Outlook
With the emergence of the Internet of Things as well as the number of smartphone users, there is a growing need to implement security measures in order to ensure that these systems are protected from cyber-attacks. These factors are driving the market for penetration testing while the lack of application security expertise is restraining the market for penetration testing.
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Penetration Testing Market Dynamics:
1. Market Drivers
1.1 Emergence of IoT
1.2 Rising number of mobile users and applications
1.3 Increasing demand for protection from cyber attacks
1.4 Need to incorporate security methods in Application development phase
2. Market Restraints
2.1 Lack of application security expertise
Penetration Testing Market Segmentation:
The Global Penetration Testing Market is segmented on the organization size, testing service, deployment model, vertical, and region.
1. By Organization Size:
1.1 Large Companies
1.2 Small and Medium Businesses
2. By Testing Service:
2.1 Mobile application penetration testing
2.2 Network penetration testing
2.3 Wireless penetration testing
2.4 Web application penetration testing
2.5 Social engineering
3. By Deployment Model:
4. By Vertical:
4.3 Government and Defense
4.4 IT and Telecom
4.5 Banking, Financial Services, and Insurance BFSI
5. By Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
The major players in the market are as follows:
1. IBM Corporation
4. Whitehat Security
5. Qualys, Inc.
6. Cigital, Inc.
7. Rapid7, Inc.
9. Hewlett Packard Enterprise
10. Trustwave Holdings, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Global Penetration Testing Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Penetration Testing Market Report Highlights
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2026, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2025
- Market opportunities and recommendations for new investments
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- Further breakdown of the APAC Market
- Further breakdown of the MEA Market
- Further breakdown of the Latin American Market
Please note that owing to the criticality of the Penetration Testing Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
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