Global Penetration Testing Market 2022 Regions, Type, Application And Forecast 2027
Global Penetration Testing Market size was valued at US$ 1.4 Billion in 2020 and the total Penetration Testing revenue is expected to grow at 16.5% through 2021 to 2027, reaching nearly US$ 4.08 Billion.
Penetration Testing Market Overview:
Maximize Market Research provides a brief description of Global Penetration Testing Market, provides the latest snapshots of the market, and best understands its features. The report provides an overview of the market with standard topics highlighted with data adjusted as needed. This overview will help you decide how to approach the market and understand the situation in the industry. This research methodology has been applied to examine the Global Penetration Testing Market and these findings have been logically mentioned in this report.
A penetration test is a thorough examination of an IT infrastructure's security and user safety by exploiting weaknesses without jeopardising its integrity. These flaws can be found in a variety of operating systems, services, and applications, such as websites and networks. Configurations that aren't quite right or reckless user conduct. As a result, penetration tests or assessments can be used to check the effectiveness of different networks' defensive layers, as well as user compliance with security standards. Penetration testing is typically performed manually or through automated methods to thoroughly compromise servers, web applications, wireless networks, and devices, as well as other potential security flaws.
Market Scope:
The Penetration Testing market report thoroughly covers analysed insights of key players in terms of market, applications, and geographies to help you identify competition both domestic and globally. The research also includes available micro market investment options for investors, as well as a full analysis of the competitive landscape and significant product offered by companies.
Penetration Testing Report provides in-depth knowledge and comprehension of trends, dynamics, and other topics. The research identifies the most important trends that will have an impact on the business. It aids in the identification of the information included in the research determining the competitive landscape of key companies, factors affecting the market, and other aspects that can help you determine whether your present marketing plans are on track and how to enhance them.
Penetration Testing Market Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Penetration Testing Market segments which include products, applications, and competitor analysis.
Increased cyber-attacks, which inflict considerable damage to a company's reputation and financial standing, as well as legal laws and conformities requiring frequent penetration tests, are likely to drive the worldwide penetration testing market forward over the forecast period (2021-2027). The increased use of mobile-based business-related applications, such as banking apps, and rising internet usage are some of the factors that are predicted to provide profitable growth prospects for the worldwide penetration testing market over the same projection period.
The high prices of penetration tests are a key stumbling block in the global industry. For SMEs, penetration costs roughly US$ 3500, whereas for large businesses, it costs over US$ 90,000. Businesses have little choice but to dedicate a percentage of their money to these exams because they are mandated by government rules. In the future years, this trend in the worldwide penetration testing market is expected to stifle overall industry growth (2021-2027).
The lack of experienced cyber-security experts required to conduct a penetration test is a major challenge in the worldwide penetration testing business. Many industries hire personnel to monitor and address security issues in their IT infrastructures; yet, these individuals may lack the necessary capabilities to prevent a cyber-attack.
PESTEL Analysis:
Report provided by Maximize Market Research gives PESTEL Analysis which helps you in designing the business strategies. Political factors like tax policy, environmental regulations, tariffs etc. helps you determine the extent to which a government may influence the Penetration Testing market. Economic factors like interest, exchange, inflation and wage rates, minimum wage, etc. helps in analysing determinants to economy’s performance that impacts Penetration Testing market.
Social factors like cultural norms and expectations, health consciousness, population growth rates etc. helps in planning marketing analytics and strategies. Technological factors like innovations and developments in technologies can impact market growth. Legal factors like changes to legislation impacting employment, access to materials, etc. can help you understand the impact on market in a region or country. Legal factors helps in understanding effect of the surrounding environment and the influence of ecological aspects for Penetration Testing market.
Competitive Landscape and Penetration Testing Market Share Analysis:
The competitive landscape for the Penetration Testing market gives statistics and data on the various competitors. The study provides a detailed analysis and reliable revenue information for the player from 2018 to 2021. It also includes a detailed analysis based on accurate revenue (global and regional) information for the period 2018-2021. Company description, principal business, total revenue and sales, revenue earned in the Penetration Testing business, date of entry into the Penetration Testing market, Penetration Testing product introduction, recent advancements, and other details are given.
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Segmentation:
Web Application Penetration Testing, Mobile Application Penetration Testing, Network Penetration Testing, and Other are the different sectors. In the projection term, mobile applications are expected to increase at a CAGR of 6.8%. (2021-2027). This rise can be ascribed to the worldwide IT market's high demand for E-Commerce apps like Amazon and Zomato. E-commerce behemoths like Amazon and Facebook are prone to data breaches on a regular basis. Penetration testing is expected to aid in the detection of any potential security flaws in these apps. In April 2021, the personal information of approximately 530 million Facebook users was leaked online. Personal phone numbers, e-mail addresses, and other biographical information of app users from around the world were included.
In the year 2020, the government and defence industry, as well as banking and finance, had the first and second largest positions in the global penetration testing market. Russian hackers hacked the federal government database of the United States in 2020. As a result, cyber-attacks on government databases are expected to fuel the government and defence segment's growth in the global market throughout the forecast period. CNA, a US financial firm, was the target of a ransomware attack in March 2021, which caused employee and client services to be affected for more than three days. In the same month, the country's Federal Trade Commission issued an alert regarding an e-mail fraud involving the governments' COVID-19 stimulus funds.
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
The competitive landscape is an important component of Penetration Testing market that every crucial player should be aware of. The research report covers the competitive landscape of the worldwide Penetration Testing market, allowing readers to understand competitiveness at both the domestic and global levels. Areas of operation, production, and product portfolio are all important considerations. The report also focuses on BCG matrix, competitive benchmarking, and SWOT analysis in addition to Penetration Testing Market Share analysis of companies, detailed profiling of products and business overview.
Regional Analysis:
Our reports' Regional insights ensure that you are well-informed on the Penetration Testing market on a regional level. Understanding local energy, economic, political, and geographic variables is critical for any meaningful assessment of viable policy options in response to global market change. Our report enables you to understand regional insights ensuring the effects on Penetration Testing market and local growth opportunities, restraints domestic area wise as well.
COVID-19 Impact Analysis on Penetration Testing Market:
COVID-19 has a thorough impact on the Penetration Testing market in North America, Asia Pacific, the Middle East, Europe, and South America, according to the report offered by Maximize Market Research. During this crisis, our report presents a comprehensive examination of alternatives, challenging conditions, and difficult situations in the Penetration Testing market. The study briefly discusses the benefits as well as the challenges of the COVID-19 in terms of funding and market expansion. The updated study provides insights, analysis, estimates, and forecasts that take into account the impact of COVID 19 on the Penetration Testing market.
Key Questions answered in the Penetration Testing Market Report are:
- Which product segment grabbed the largest share in the Penetration Testing market?
- How is the competitive scenario of the Penetration Testing market?
- Which are the key factors aiding the Penetration Testing market growth?
- Which region holds the maximum share in the Penetration Testing market?
- What will be the CAGR of the Penetration Testing market during the forecast period?
- Which application segment emerged as the leading segment in the Penetration Testing market?
- Which are the prominent players in the Penetration Testing market?
- What key trends are likely to emerge in the Penetration Testing market in the coming years?
- What will be the Penetration Testing market size by 2027?
- Which company held the largest share in the Penetration Testing market?
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