Global Penetration Testing Market (2021-2027) – By Offer, Application, Type of Deployment, Company Size, End User, and Region – ResearchAndMarkets.com
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The global penetration testing market size is expected to reach $ 3.1 billion by 2027, with market growth of 12% CAGR during the forecast period.
Penetration testing, also known as ethical hacking or penetration testing, is performed to test a network, computer system, and web application to identify security weaknesses, including the ability to access to data and system functionality by unauthorized parties and forces that allow a full risk assessment to be completed. Penetration testing is the testing method used to augment and measure the security solutions installed on various devices such as computers, cell phones and other information systems.
Factors such as increasing number of cyber attacks resulting in major losses to corporate reputation and finances, increasingly stringent regulations, and compliances requiring regular penetration testing practices are expected to drive the growth of the penetration testing market. . In addition, the massive use of smartphones has also increased the use of business critical applications based on mobile and the increasing penetration of the Internet are determining factors which are expected to provide lucrative opportunities for testing solutions. intrusion. Additionally, the integration of technologies such as machine learning and artificial intelligence, remote work safety assessments, and growing trends in Penetration Testing as a Service (PTaaS) are expected to create new avenues for growth for suppliers offering penetration testing solutions.
Key market players
Micro Focus International Plc
Rhino Safety Laboratories, Inc.
Indium Software, Inc.
Offensive Security Services, LLC
Market growth factors:
Imposition of strict government standards and compliance regarding frequent penetration testing
The government has put in place some regulations like OWASP, NIS, SOX, SOC2, PCI, DSS and GDPR that it is necessary to perform penetration testing at regular intervals and companies will be charged if they cannot keep up. strictly the rules. As stated by REdScan, companies should adopt the process of penetration testing at regular intervals and to assess the effectiveness of technical and corporate measures to secure data processing.
Penetration Testing as a Service (PTaaS) trend has boomed
Cloud-based penetration testing is also known as Penetration As a Service (PTaaS) and the cybersecurity industry is seeing an increase in PTaaS trends. PTaaS helps provide the necessary resources for IT professionals to organize and act on penetration testing. This test includes continuous monitoring and generates reports that allow users to view results in real time.
Market restriction factor:
Low availability of qualified security experts who can perform penetration testing
The major problem for companies is to deal with the smallest number of qualified security experts and, therefore, is responsible for slowing down the capabilities of companies facing increasing cybersecurity needs. Several companies hire people to identify and analyze cyber threats, but these people are also highly skilled and therefore unable to successfully prevent data from cyber attackers. Moreover, the installation of penetration testing solutions requires a large investment which is another factor hampering the growth of the penetration testing market.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
126.96.36.199 Market composition and scenario
2.2 Key factors influencing the market
2.2.1 Market drivers
2.2.2 Market restrictions
Chapter 3. Competitor Analysis – Global
3.1 Cardinal matrix
3.2 Recent Strategic Industry-Wide Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and Mergers
3.2.4 Geographic expansions
3.3 Best winning strategies
3.3.1 Main main strategies: percentage distribution (2017-2021)
3.3.2 Key Strategic Action: (Product Launches and Product Expansions: 2019, March – 2021, March) Key Players
Chapter 4. Global Penetration Testing Market by Offering
Chapter 5. Global Penetration Testing Market by Application
Chapter 6. Global Penetration Testing Market by Deployment Type
Chapter 7. Global Penetration Testing Market by Company Size
Chapter 8. Global Penetration Testing Market by End User
Chapter 9. Global Penetration Testing Market by Regions
Chapter 10. Company Profiles