Penetration Testing Market size was valued at US$ 1.63 Billion in 2021 and the total Penetration Testing revenue is expected to grow at 16.5% through 2021 to 2029, reaching nearly US$ 5.53 Billion.
Penetration Testing Market Overview
The leading business consulting firm Maximize Market Research has announced research report on the Penetration Testing Market. The research contributes the information on global and regional markets, as well as thorough analysis of the market’s long term prospects. A description and graphical representation of key competitors and the most recent successful marketing strategies and tactics, contributions and current and historical backdrop are all included in the report.
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Market Scope
The research report pinpoints the major drivers and restraints for key companies, and the current benchmarking and development prospects. It looks into the demand in the industry and for market predictions, market trends and micro and macro variables in the detail. The research analyses the market value in terms of value and volume estimated on real numbers and outputs of the major players across the globe. The report constitutes an in depth analysis of the Penetration Testing Market and its segmentation. It also provides the investors and readers with regional analysis of the market dynamics which assists them to compare the past and current trends of the market scenarios. The primary and secondary data are analysed to understand the depth of the market. Primary data consists of many interviews of industry specialists and experts, market leaders and entrepreneurs and marketing professionals. Secondary data was collected through the list of sources for maximum reliability of the inferences which includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
Market Segmentation:
Web application penetration testing, mobile application penetration testing, network penetration testing, and other are the segments listed by type. Mobile application is projected to grow at the CAGR of 6.8% in the forecast period (2021-2027). (2021-2027). The high demand for E-Commerce applications like Amazon and Zomato in the global IT market is responsible for this growth. There are continuous data breaches in E-commerce giants like Amazon and Facebook. Penetration testing is projected to help identify the potential breach or vulnerability in these apps. In April 2021, the personal information of over 530 million Facebook users was exposed online. It included personal phone numbers, e-mail addresses other biographical information of global users of the app.
By Industry, Government, and Defense along with the Banking and Finance sector held the first and the second largest positions in the global penetration testing market in the year 2020. In 2020, the United States federal government database was breached by Russian hackers. Therefore, during the aforementioned forecast period, cyber-attacks on government databases like these are expected to fuel the growth of the government and defence segment in the global market. In March 2021, A US financial firm CNA was the target of a ransomware attack that disrupted employee and customer services for more than three days. In the same month, the country’s Federal Trade Commission had issued an alert about an e-mail scam in the COVID-19 stimulus benefits offered by the governments.
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Key Players
• WhiteHat Security
• Checkmarx
• FireEye
• Micro Focus
• Secureworks
• Rhino Security Labs
• Immuniweb
• PortSwigger Web Security
• iSECURION
• Core Security SDI Corporation
• Redteam Security Consulting
• Context Information Security
• Rapid7, Inc.
• Qualys, Inc
• Veracode
• Trustwave Holdings, Inc
• Acunetix
• Hewlett Packard Enterprise
• IBM Corporation
• Cigital Inc
Regional Analysis
The reports presents the Penetration Testing market’s growth a detailed analysis. It describes the most dominant regions such as North America, Asia Pacific, Europe, Latin America and the Middle East and Africa which has global influence. The differentiation of the market in different regions is understood in regional analysis. The report helps in planning the market strategies by understanding the regional market.
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Key Questions answered in the Penetration Testing Market Report are:
Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Penetration Testing Market , Penetration Testing Market Share , Penetration Testing Market Analysis
Mar 15, 2023
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