Pen testing Market Industry Trends, Estimation & Forecast, 2021 - 2027 |Top key players-Synopsys(Cigital), Acunetix, Checkmarx, Qualys

The driving factor which is a significant element driving worldwide pen testing market demand is the rising adoption of internet and cloud-based services. The global pen testing market's expansion is also hampered by a lack of awareness about the availability of these tests in certain undeveloped countries. More market demand is being created all over the world as the requirement for high levels of security in various data centres grows. Another important motivating force is the use of these tests in security assessment and audit throughout various industries.

Pen testing Market to Exhibit Healthy +24% CAGR between 2021 and 2027

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Over the forecast period, increasing research efforts including expansion in numerous sectors are expected to fuel market revenue growth. Fast growth in the sector, substantial mechanical breakthroughs, and growing segment appropriation are some of the primary factors driving global Pen testing Market revenue growth. The rising popularity of online streaming to replace in-person presentations, the transfer of organisations to remote working practises, cloud services becoming more popular in small and medium businesses, and improved accuracy in gathering consumer data are projected to boost the market's growth. These factors are driving the demand for virtual platforms.

Top Key Players Profiled in This Report: Synopsys(Cigital), Acunetix, Checkmarx, Qualys, Rapid7, CA Technologies(Veracode), Hewlett Packard Enterprise, IBM, Whitehat Security, Trustwave Holdings

Pen testing Market, By Segmentaion:

By Type, Pen-testing market has been segmented into Network Penetration Testing, Web & Wireless Penetration Testing, Social Engineering Penetration Testing, Cloud Infrastructure Penetration Testing, etc.

By Application, Pen-testing has been segmented into Small and Medium Enterprises, Large Enterprises, etc.

Through the analysis, Infinity Business Insights forecasts promising advances for expanded reception of the Pen testing Market. According to mechanical experts, the market will have a long-term increase in the figure due to an increase in the creation in developing economies for the turn of events and development of various enterprises. In addition, new manufacturers and producers will be required to enter the market, which will most likely provide platform-centric support.

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This release was published on openPR.