Penetration Testing Market

Penetration Testing Market is projected to reach USD 3,900 million by 2027, exhibiting a CAGR of 13.8% during forecast period, owing to the rising number of connected devices and wireless networks.

To have an edge over the competition by knowing the market dynamics and current trends of “Penetration Testing Market”, request for Sample Report here

Key Drivers

The key factors boosting the growth of the Global Penetration Testing market include significant rise in mobile-based business-critical applications, increase in implementation of security measures, and growing adoption of cloud computing solution and services. Additionally, growing penetration of smartphones and connected medical devices and increasing cases of cyberattacks are some major factors bolstering the market growth.

Businesses all across the world have started adopting cloud computing solutions, as cloud computing is a cost-effective solution. The rising usage of cloud-based solutions and services such as data backups, e-mail services, CRM, and collaboration services for workload penetration is increasing the demand for penetration testing. Cloud deployment increases the vulnerabilities in software and makes it easily accessible for unauthorized users. Moreover, most of the hacking groups target large corporations which contribute towards the rising awareness of cyber threats, as effects of data breach on company’s brand and customer loyalty result in revenue loss. Due to this, multiple organizations are deploying cybersecurity solutions such as intrusion detection, firewalls, and penetration testing to secure workloads on cloud without risk of cyber threats. Emerging need to cater the compliance measures is anticipated to expand the market during the forecast period. Growing demand to prevent software-based properties which include mobile and web applications has driven the global penetration testing market.  However, the higher cost of penetration testing, insufficient awareness across several emerging and underdeveloped nations and limited amount of skilled security analysts will restrain the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Organization Size Segment Analysis

Based on organization size, the market is segmented into SMEs and large enterprises. Among these, large enterprise category is expected to grow at a higher CAGR during the forecast period. Large enterprises consist of huge workforce and associated networking devices that are vulnerable to security-related risks, leading to early adoption of penetrating testing. Moreover, due to additional features such as excess risk, risk outliners, access risks and other vulnerabilities, large enterprises are increasingly adopting penetration testing solutions.

Deployment Mode Segment Analysis

On the basis of deployment mode, the market is segmented into cloud and on-premises. Cloud segment is projected to grow at a higher CAGR during the forecast period. Cloud-based deployment mode help organizations in avoiding costs related to maintenance of infrastructure, and cost related to hiring of technical staff. Moreover, SMEs are more inclined towards the adoption of cloud-based deployment mode as it helps them in reducing overall cost of security infrastructure. Increasing adoption of cloud computing, owing to the cost-efficiency of cloud-based services is expected to strengthen the market growth. The growing awareness pertaining cyber threats has inclined many organisations towards the adoption of cyber security solutions like intrusion detection systems, penetration testing, and firewalls, to safe the work on the cloud without the chances of cyber threats has driven the market growth.

Industry Segment Analysis

Based on industry, the market is segmented into BFSI, healthcare, IT, telecom, retail & e-commerce, education, and others. Among these, BFSI industry is expected to grow at a higher CAGR during the forecast period. Financial institutions are continuously under attack of significant cyber criminals threats and data breaches issues. Therefore, in order to work efficiently, financial institutions are adopting penetration testing control, as it highlights the area of risk and helps in mitigating existing deficiencies in work process.

Healthcare organizations are expected to witness a promising growth over the forecast period, because of the need across healthcare organizations to upgrade the IT infrastructure to allow the shift to IoT in order to keep the pace with the growing adoption of connected medical devices. This technological advancement allows effective management of information and data in the healthcare sector for patients and service vendors, driving the segment size.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Regional Analysis

Based on the region, North America region is expected to grow at a higher CAGR during the forecast period owing to the increasing focus of multiple key players in the region toward innovation and technical advancement. In addition to this, increasing adoption of smartphones and digital transformation in industries is fuelling the growth of penetration testing market in the region. Asia-Pacific region is projected to grow at high CAGR over the forecast period due to the increasing number of sophisticated cyber frauds faced by citizens and businesses in the region. Countries like India, Japan, and others have started deploying penetration testing across healthcare, BFSI, government and defense verticals. The ongoing technological innovations and expansion in economies like China and India will augment the regional growth.

The key players in Global Penetration Testing market include IBM Corporation, Micro Focus International Plc, Secureworks Inc (Dell), Cigital Inc, Core Security Technologies, Netsparker, Context Information Security, PortSwigger Web Security, FireEye, and Qualys Inc. among others.

Global Penetration Testing market has been segmented based on Component, Application Area, Deployment Mode, Organization Size, Industry, and Key Regions. Based on Component, the market is segmented into Solution, and Services. Based on Application Area, the market is segmented into Web Application, Mobile Application, Network Infrastructure, Social Engineering, Cloud, and Others. Based on Deployment Mode, the market is segmented into Cloud, and On-Premises. Based on Organization Size, the market is segmented into SMEs, and Large Enterprises. Based on Industry, market is segmented into BFSI, Healthcare, IT, Telecom, Retail & E-commerce, Education, and Others.

For detailed scope of the “Penetration Testing Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Penetration Testing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Penetration Testing market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Penetration Testing Market?
  • What are the various component areas of the global Penetration Testing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Penetration Testing Market by Component

• • Solutions
  • Services

Global Penetration Testing Market by Application Area

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

Global Penetration Testing Market by Deployment Mode

• • Cloud
  • On-premises

Global Penetration Testing Market by Organization Size

• • Large enterprises
  • Small and Medium-sized Enterprises (SMEs)

Global Penetration Testing Market by Industry

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

Global Penetration Testing Market by Region

• • North America Penetration Testing Market
    (Option 1: As a part of the free 25% customization)

• North America Penetration Testing Market by Component
• North America Penetration Testing Market by Application Area
• North America Penetration Testing Market by Deployment Mode
• North America Penetration Testing Market by Organization Size
• North America Penetration Testing Market by Industry
• United States of America (US) Penetration Testing Market All-Up
• Canada Penetration Testing Market All-Up
• Europe Penetration Testing Market
  (Option 2: As a part of the free 25% customization)
  • Europe Penetration Testing Market by Component
  • Europe Penetration Testing Market by Application Area
  • Europe Penetration Testing Market by Deployment Mode
  • Europe Penetration Testing Market by Organization Size
  • Europe Penetration Testing Market by Industry
  • United Kingdom (UK) Penetration Testing Market All-Up
  • Germany Penetration Testing Market All-Up
  • France Penetration Testing Market All-Up
  • Spain Penetration Testing Market All-Up
  • Rest of Europe Penetration Testing Market All-Up
• Asia-Pacific Penetration Testing Market
  (Option 3: As a part of the free 25% customization)
  • Asia-Pacific Penetration Testing Market by Component
  • Asia-Pacific Penetration Testing Market by Application Area
  • Asia-Pacific Penetration Testing Market by Deployment Mode
  • Asia-Pacific Penetration Testing Market Organization Size
  • Asia-Pacific Penetration Testing Market Industry
  • China Penetration Testing Market All-Up
  • India Penetration Testing Market All-Up
  • Japan Penetration Testing Market All-Up
  • Rest of APAC Penetration Testing Market All-Up
• RoW Penetration Testing Market
  (Option 4: As a part of the free 25% customization)
  • RoW Penetration Testing Market by Component
  • RoW Penetration Testing Market by Application Area
  • RoW Penetration Testing Market by Deployment Mode
  • RoW Penetration Testing Market by Organization Size
  • RoW Penetration Testing Market by Industry
  • Brazil Penetration Testing Market All-Up
  • South Africa Penetration Testing Market All-Up
  • Saudi Arabia Penetration Testing Market All-Up
  • UAE Penetration Testing Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Penetration Testing Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • IBM Corporation
  • Micro Focus International Plc
  • Secureworks Inc (Dell)
  • Cigital Inc
  • Core Security Technologies
  • Netsparker
  • Context Information Security
  • PortSwiggerWeb Security
  • FireEye
  • Qualys Inc.