Penetration Testing Market 2021: Trend, Segmentation and Growth

  • Market Research Future published a research report on “Penetration Testing Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

    Market Highlights:

    Penetration testing which is popularly known as pen-testing is a framework for measuring, testing and improving the current security procedures on information systems and supporting applications. The process of pen-test works in such a way that system can gain access to resources without prior-knowledge of identification media such as usernames, passwords and other normal ways of access.

    The surge in demand for secured the web applications to prevent against cyber-attacks and increase in internet penetration are some of the major driving factors for the growth of Penetration Testing Market over the forecast period.

    The global penetration testing market is expected to reach approximately USD 2.8 billion by 2023 growing with 26% CAGR over the forecast period 2017-2023.

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    Key Players

    Some of the key players of penetration testing  market are Core Security SDI Corporation (U.S.), Redteam Security Consulting (U.S.),Context Information Security (U.S.), and Rapid7, Inc. (U.S.). Qualys, Inc. (U.S.), Veracode (U.S.), Trustwave Holdings, Inc. (U.S.), Acunetix (Malta), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Cigital Inc. (U.S.), and WhiteHat Security (U.S.), and Checkmarx (Israel) are among others.

    Segments

    The global penetration testing market is segmented on the basis of type, component, deployment, organization size, end user, and region.

    • By Type, the global penetration testing market is segmented into external testing, blind testing, internal testing, and double blind testing.
    • By Component, the global penetration testing market is segmented into services and testing solutions. The services segment is further sub-segmented into professional services and managed services, of which professional services are further sub-segmented into consulting services, implementing and integrating services, and training services. The testing solutions segment is further sub-segmented into network penetration testing, web application penetration testing, mobile application penetration testing, social engineering, wireless penetration testing, and others.
    • By Deployment, the global penetration testing market is segmented into cloud and on-premise.
    • By Organization Size, the global penetration testing market is segmented into large enterprises and SMEs.
    • By End User, the global penetration testing market is segmented into BFSI, IT and telecom, manufacturing, energy and power, healthcare, media and entertainment, and others.

    Regional Analysis

    Geographically, the penetration testing market is categorized into four different regions, namely North America, Asia Pacific, Europe, and the Rest of the World.

    North America penetration testing market is expected to have significant growth over the forecast period. U.S. and Canada are leading countries in the region owing to the presence of IT giants, such as IBM Corporation, and Oracle Corporation. Asia Pacific region is expected to be the fastest growing region in penetration testing market. China, India, Japan, and South Korea are the leading countries in the region. This is due to an increase in the number of small and medium enterprises in IT sector. Additionally, India is expected to be the fastest growing country in the Asia Pacific region owing to, government initiatives to boost the startups involved in IT sector.

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