Penetration Testing Market Key Insights Based on Product Type, End-Use and Regional Demand

A penetration test is an attempt to gauge the security of IT infrastructure by safely trying to utilize vulnerabilities. Such vulnerabilities might exist in services, operating systems, application flaws, risky end-user behavior, or improper configurations. Penetration testing is basically performed through manual or automated technologies to systematically compromise servers, web applications, network devices, wireless networks, mobile devices, endpoints, and other potential points of exposure.

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. 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. However, the higher cost of penetration testing and limited amount of skilled security analysts will restrain the growth of the market.

Read Full Report Description: https://www.gmiresearch.com/report/penetration-testing-market/

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.

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.

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.

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 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.

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?

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market insights to help businesses in making the toughest business decision. We the know the significance of accurate data that’s why our analyst use tailored methodology to study each and every market in detail because one size doesn’t fit all. We just don’t cover only the traditional well-established market but also focuses more on niche market and markets in emerging market for which getting information is very difficult, which makes us pioneer in emerging market research space. Our syndicate reports cover multiple industry across regions and country.

Our in-depth market reports help propel your business with all the data, strategic inputs and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

Media Contact

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: enquiry@gmiresearch.com

Phone: Europe - +353 1 442 8820; US - +1 860 881 2270

Address: Dublin, Ireland

Website: www.gmiresearch.com

Ricky Sheikh, SEO & Research Analyst in GMI research a market research and consulting firm.