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What is the Scope of Penetration Testing Market In Near Future? Top Players are IBM Corporation, Rapid7, Microfocus, Qualys, Synopsys, Core Security SDI Corporation, Whitehat Security

10-16-2019 03:41 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Penetration Testing

Penetration Testing

The Penetration testing study further draws attention to the competitive backdrop of renowned market contenders including their product offerings and business strategies. 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.

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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. For instance, according to a report published by Academy and Industry Research Collaboration Center (AIRCC) in 2016, the number of web attacks in the U.S. in 2015, increased by 36% with over 4,500 new attacks each day.

Adoption of cloud computing has increased over the last decade as this technology is highly scalable, efficient in operation, and cost effective in comparison to other data storage and transfer technologies but is highly vulnerable and provides easy access to unauthorized users. This makes the deployment of penetration technologies very important. For instance, according to 2016, report by United States International Trade Commission (USITC) US$ 43.3 billion was invested by the U.S. in cloud computing services in 2015.

Furthermore, use of computers and mobile devices have increased over the last few years. Computers or laptops are used for storing or handling large amount of critical data and applications, which are used by government and defense agencies. It is highly important to equip systems with security software, which can counter data theft.

Lower adoption of penetration testing systems by smaller organizations is hindering market growth

The adoption rate of penetration testing systems is very low in smaller enterprises, as these companies allocate lesser budget on cyber security solutions and penetration testing. Lack of knowledge and awareness regarding the use of security services in various industries coupled with shortage of skilled labor to carry out penetration testing exercises is adversely impacting growth of the penetration testing market.

Regional analysis of penetration testing market

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.

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. -
Global Penetration Testing Market: Competitive Landscape

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.

Global Penetration Testing Market: Taxonomy

On the basis of Testing Service

-Network penetration testing
-Web application penetration testing
-Mobile application penetration testing
-Social engineering
-Wireless penetration testing
-Others

On the basis of Deployment Mode

-Cloud
-On-premises

On the basis of Organization Size

-Small and Medium Enterprises (SMEs)
-Large enterprises

On the basis of Industrial Vertical

-Government and defense
-Banking, Financial Services, and Insurance (BFSI)
-IT and telecom
-Healthcare
-Retail
-Others

On the basis of Regions

-North America
-Europe
-Asia-Pacific
-Latin America
-Middle East
-Africa

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Vital Points Covered in Global Penetration Testing Market Research Report:
Section 1: Penetration Testings Product Definition
Section 2: Global Penetration Testings Market Manufacturer Share and Market Overview
Section 3: Manufacturer Penetration Testings Business Introduction
Section 4,5,6,7: Global Penetration Testings Market Segmentation (Region Level, Type, Applications)
Section 8: Market Dynamics (Trends, Drivers, Challenges)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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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