Penetration Testing Market Dynamics, Segments and Supply Demand 2016-2026
Penetration Testing Market: Drivers & Restraints
The major factors driving the growth of penetration testing market are better cyber security, disposable incomes, and increasing advancement in analytics technologies. Moreover, forces driving the penetration testing market are increasing number of mobile users and applications and the need for protection from various cyber-attacks. The penetration testing market is growing at faster pace due to the boosting security needs of bring your own device trends and internet of things and also increased deployment of cloud-based &web business applications. Penetration testing used to secure the devices connected through it and wireless infrastructures. The emerging bring your own device trends and internet of things trends and connected number of applications and devices are disposed to advanced persistent threats and vulnerabilities. In addition, increasing adoption of penetration testing market through numerous industry verticals is boosting the growth of market owing to high demand of penetration testing in the government and defense vertical. Thus, the applications and critical data used by the vertical are lying to advanced threats. Moreover retail, BFSI, and telecom& IT verticals are anticipated to gain significant growth in the forecast period.
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Penetration Testing Market: Market Segmentation
The penetration testing market is segmented into five parts based on the deployment type, testing service type, by organization size type, application type, and geography.
Based on the deployment type the penetration testing market is segmented into:
Based on the testing service type the penetration testing market is segmented into:
Industrial Control System
Based on the organization size type the penetration testing market is segmented into:
Small and Medium Enterprises (SMEs)
Based on the type of application penetration testing market is segmented into:
Government and Defense
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Penetration Testing Market: Regional Outlook
Regarding geography,penetration testing market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Penetration testing market is expected to register healthy CAGR during the forecast period. North America is experiencing the rapid increase in the offering of penetration testing market penetration testing market due to technological advancements and early adoption of penetration testing in the region is rising at faster pace. The penetration testing market is projected to register healthy growth due growth owing to increasing demand of penetration testing in government and defense, banking, financial services, and insurance (BFSI), IT and telecom, healthcare verticals across the globe. Penetration testing market for Asia Pacific is also expected to witness steady growth during the forecast period primarily attributed to the growth of penetration testing technologies coupled with demand for customization in offerings, especially in China and India.
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Penetration Testing Market: Key Players
Some of the key players identified in the penetration testing market are:-
Hewlett Packard Enterprise
Trustwave Holdings, Inc.
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