openPR Logo
Press release

Penetration Testing Market Share, Size, Growth & Industry Report, 2020-2027

04-06-2021 01:09 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth opportunities in the penetration testing market look promising over the next six years. This is mainly due to the growing adoption of cloud computing solutions and services, rising usage of cloud-based solutions and services, increase in implementation of security measures, and rise in mobile-based business-critical applications.

Request for a FREE Sample Report on Penetration Testing Market - https://www.gmiresearch.com/report/penetration-testing-market/sample-request

Penetration Testing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The factors supporting the growth of the global penetration market include the remarkable increase in mobile-based business applications, surge in the execution of security measures, and the augmenting adoption of cloud-computing business and services. Businesses throughout the world are switching to cloud computing solutions owing to the cost-effectiveness offered by them. The rising use of cloud-based solutions, including the e-mail services, CRM, data backups, and collaboration services for penetration of workload, boosts the demand for penetration testing.

Cloud deployment uplifts the vulnerabilities in software, making it easily available for unauthorized users. Furthermore, the hacking groups target leading corporations which contribute to the expanding awareness of cyber threats, as data breach results revenue loss. Owing to this, many organizations are arranging cybersecurity solutions such as intrusion detection, firewalls, and penetration testing to help secure workload on the cloud without the risk of cyber threats. However, the high cost associated with penetration testing and lack of skilled security analysts will restrain the market's growth.

To Know More About Global Penetration Testing Market - https://www.gmiresearch.com/report/penetration-testing-market

Deployment mode Segment Drivers

Based on deployment mode, the market is segmented into on-premises and cloud. The Cloud segment is expected to grow at a higher CAGR over the forecast period as it helps the organization to reduce costs concerned with the hiring of technical staff and infrastructural maintenance. Also, SMEs are more prompt to adopt cloud-based deployment mode as it aids them in reducing the overall cost of security infrastructure.

Regional Drivers

On the basis of region, North America is anticipated to grow at a faster CAGR over the forecast period attributed to the rising focus of leading players towards technical advancements and development. Moreover, the accelerating adoption of smartphones and digital transformation in industries is fuelling the growth of the penetration testing market in the region. On the other hand, Asia-Pacific is predicted to expand at a high CAGR during the forecast period owing to the augmenting number of cyber frauds faced by citizens and businesses. Developing countries such as India and Japan have begun with penetration testing across BFSI, defense, healthcare, and government verticals.

Penetration Testing Market’s leading Manufacturers:
• PortSwigger Web Security
• Qualys Inc.
• Netsparker
• Cigital Inc
• Micro Focus International Plc
• FireEye
• Context Information Security
• Core Security Technologies
• Secureworks Inc
• IBM Corporation

Penetration Testing Market Segmentation:

Segmentation by Component:
• Solutions
• Services

Segmentation by Application Area:

• Web application
• Mobile application
• Network infrastructure
• Social Engineering
• Cloud
• Others (Embedded and IoT)

Segmentation by Deployment Mode:
• Cloud
• On-premises

Segmentation by Organisation Size:
• Large enterprises
• Small and Medium-sized Enterprises (SMEs)

Segmentation by Industry:
• Banking, Financial Services and Insurance (BFSI)
• Healthcare
• Information Technology (IT)
• Telecom
• Retail and eCommerce
• Education
• Others (transportation, energy, and social media)

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Penetration Testing Market Share, Size, Growth & Industry Report, 2020-2027 here

News-ID: 2266503 • Views: 308

More Releases from GMI Research

SCADA Market Anticipated to Reach USD 14,145 million by 2027, growing at a CAGR …
SCADA Market The SCADA Market is expected to reach USD 14,145 million by 2027, growing at a CAGR of 7.1% over the forecast period (2020-2027). For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/scada-market/ The factors driving the growth of SCADA Market includes rising application of supervisory control and data acquisition (SCADA) systems for monitoring production flow and collecting and processing real time data, growing deployment of SCADA systems in smart cities
Machine Control System Market Anticipated USD 4,001 million in 2019 and is antic …
Machine Control System Market The Machine Control System Market was estimated around USD 4,001 million in 2019 and is expected to grow at a CAGR of 14.1% over the forecast period (2020-2027). For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/machine-control-systems-market/ The factors driving the growth of Machine Control System Market includes increasing use of machine control systems in highway construction projects, emerging need to upgrade the infrastructure of roads, bridges and
Digital Health Market is Expected to Reach USD 628.1 billion in 2028, Growing at …
Digital Health Market The Digital Health Market was estimated at around USD 203.9 billion in 2020 and is expected to reach USD 628.1 billion by 2028, exhibiting a CAGR of 15.1% over the forecast period (2021-2028). For More Info, Click to Access Complete Report - https://www.gmiresearch.com/report/digital-health-market/ The factors driving the growth of Digital Health Market includes increasing geriatric population around the world, rising prevalence of chronic diseases such as diabetes, and cardiovascular diseases,
Machine Automation Controller Market Reached USD 33,700 million in 2019 and will …
Machine Automation Controller Market The Machine Automation Controller Market was estimated around USD 33,700 million in 2019 and is predicted to expand at a CAGR of 4.3% over the forecast period (2020-2027). For More Info, Click to Access Complete Report - https://www.gmiresearch.com/report/machine-automation-controller-market/ The factors driving the growth of Machine Automation Controller Market includes increasing use of robots in the manufacturing industry, growing focus by companies on reducing the manufacturing costs, Government initiatives promoting

All 5 Releases


More Releases for Segment

Oil Water Separators-Global Market Status and Trend Report 2018-2023 - By Region …
UpMarketResearch offers a latest published report on “Global Oil Water Separators Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 121 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Oil Water Separators Industry research report delivers a close watch on leading competitors with strategic analysis,
Blood Products-Global Market Status and Trend Report 2018-2023 - By Regional Seg …
UpMarketResearch offers a latest published report on “Global Blood Products Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 123 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. The global blood products market is expected to gain a higher CAGR in the forthcoming period. Rise
Chocolate Proteins-Global Market Status and Trend Report 2018-2023 - By Regional …
UpMarketResearch offers a latest published report on “Global Chocolate Proteins Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Chocolate Proteins Industry research report delivers a close watch on leading competitors with strategic analysis, micro and
Fungicides Market Size, Shares, Growth, Segment 2025
The global fungicides market is foreseen to experience a significant growth in the upcoming years owing to its chemical properties to prevent and control several diseases and improve the type and productivity of crops. As a source to enable them to rise at fore, a segment of the players in the worldwide fungicides market are concentrating on innovative work. Their astuteness toward creating imaginative and eco-accommodating fungicides is a result
Global Sledgehammer Market Research Report 2017 By Application Segment, Regional …
Sledgehammer Wiseguyreports.Com Adds “Sledgehammer Market -Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database. Try Sample Report @ https://www.wiseguyreports.com/sample-request/1144522-global-sledgehammer-market-research-report-forecast-2017-to-2022  Covered In This Report: The Global Sledgehammer Market Research Report Forecast 2017-2022 is a valuable source of insightful data for business strategists. It provides the Sledgehammer industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide
China Metalworking Fluids Market Segment
The China Metalworking Fluids Market Research Report Forecast 2016-2021 is a valuable source of insightful data for business strategists. It provides the Metalworking Fluids industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Metalworking Fluids market study provides comprehensive data which enhances the understanding, scope and