Penetration Testing Market Report | Growth Projections & Advanced Technologies with Forecast To 2025

Market Scenario:
Rise in the number of cyber-attacks has resulted in the loss of millions of records and billions of dollars at an alarming frequency. The key solution to combat this issue is to conduct penetration testing. Penetration testing also termed as pen test is an advanced testing methodology which involves a simulation of cyber-attack against the system to check the exploitable vulnerabilities. Penetration testing and web application firewall (WAF) proves to be a mutually benefit security measure. Pen testing utilises WAF data such as logs to check and discover an application vulnerable spots.

Rising demand for an effective security solution owing to the increase in the number of cyber-attacks has mainly resulted in influencing the market growth positively. Increased adoption of cloud based services and applications also upheld in boosting the growth of penetration testing market. However, lack of knowledge and awareness about various cyber-security solutions is majorly restraining the market growth. Moreover, rapid advancement in the internet of things (IoT) technology has facilitated in generating lucrative market opportunities in the forecast period.

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Market Segmentation:
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 defence, Healthcare and others.

Regional Analysis:
The regional analysis of global penetration testing majorly covers: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of prominent players and well established infrastructure in U.S. are the factors majorly influencing growth in North America, while significant investment in the IT and Telecom sector by developing economies such as China, India and others is boosting the growth in Asia Pacific.

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Key Players:
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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This release was published on openPR.