Penetration Testing Market Global Industry Analysis and Forecast Till 2026

Penetration testing is also known as pen testing and is the preparation of testing a network, computer system, or web application to bargain liabilities that an attacker can feat. Penetration testing is an advance method of endeavoring to achieve access to resources without any information of passwords, usernames, and other standard means of contact. In the case if emphasis is on computer properties, then best examples for an effective penetration will be subverting or obtaining stable pricelists, databases, documents and other dwindling information. In numerous cases, a penetration tester will be provided a consumer-level admittance and in those cases, the aim would be to raise the status of the user or account and other sources to advance access to further information that an operator of that level must not have access to.

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:

Cloud
On-premise

Based on the testing service type the penetration testing market is segmented into:

Network
Web
Mobile
Social Engineering
Wireless
Embedded Devices
Industrial Control System
Others

Based on the organization size type the penetration testing market is segmented into:

Small and Medium Enterprises (SMEs)
Large enterprises

Based on the type of application penetration testing market is segmented into:

Government and Defense
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Healthcare
Retail
Others

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
IBM Corporation
Rapid7, Inc.
Qualys, Inc.
Veracode
Trustwave Holdings, Inc.

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This release was published on openPR.