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Penetration Testing Market Future Prospect Covering Top Level Competitors IBM Corporation, Rapid7, Microfocus, Qualys, Synopsys Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Checkmarx.com LTD, VERACODE, Secure Works, Acunetix, Cont

02-15-2019 06:32 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Penetration Testing

Penetration Testing

Penetration testing is also known as pen testing. It is a simulated process used to test a computer system, application or a network to check for security weaknesses, which could be easily capitalized on by hacker. They are designed in such way that they will be useful in security assessments and security testing. For penetration testing, a wide variety of security assessment tools are used, which can be hardware-software, websites and (PEA) proprietary enterprise applications. There are various methods under the ambit of penetration testing, which include external testing, internal testing, blind testing, and double blind testing.

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Major driving factor for growth of the penetration testing market is the ability of penetration testing to provide security to industries from various cyber-attacks, as increasing incidence of cyber-attacks can increase the vulnerability of critical data stored by organizations and adversely impact the revenue.

North America and Europe dominated the market with respect to penetration testing and are expected to maintain their dominance during forecast period, owing to increasing adoption of cloud services and Bring Your Own Device (BYOD) technology. For instance, according to Coherent Market Insights, in 2018, the U.S invested around US$ 95 billion on cloud services, accounting for more than 58% of the amount spent on cloud services worldwide. Furthermore, the UK and Germany collectively spent over US$ 14 billion on cloud services in 2018. Another factor which is contributing to the growth of the market in the region is presence of many key players (such as IBM Corporation, Synopsys, and WhiteHat Security among others) serving the penetration testing market in the region.

Asia Pacific is expected to register rapid growth during the forecast period in the penetration testing market due to increased adoption of cloud-based services, primarily in India and China. For instance, according to Coherent Market Insights, the digital transformation in Asia Pacific is driving multi-cloud and hybrid environments, which allows enterprises to create a more agile and cost-effective IT frameworks. Heavily regulated industries such as banking and finance are increasingly adopting Software as a Service (SaaS) for non-core functionality, Platform as a service (PaaS) for app development and testing, and Infrastructure as a Service (IaaS) for workload trial runs and testing for their new service offerings.

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The key players operating in penetration sensing market include IBM Corporation, Rapid7, Inc., Microfocus, Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Secure Works Inc., Acunetix, Contrast Security, and Paladion Network Private Limited.

KEY QUESTIONS ANSWERED BY THE REPORT:
Talk to our research consultant to design an exclusive report as per your research needs.

-What was the market size from 2014 to 2018?

-What will be market growth till 2026 ana what will be the resultant market forecast in the year?

-How will the market drivers, restraints and future opportunities affect the market dynamics and a subsequent analysis of the associated trends?

-What segment or region will drive or lead market growth and why?

-A comprehensive mapping of the competitive landscape and the market participant's behavior.

-What are the key sustainability strategies adopted by market players? An In-depth analysis of these strategies and their impact on competition and growth

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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