According to a new market research report published by Global Insight Services ” Penetration Testing Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Penetration testing, also known as pen testing or ethical hacking, is the practice of testing a computer system, network, or web application to find vulnerabilities that an attacker could exploit.
Penetration tests can be used to test for a variety of security issues, such as weak passwords, unpatched software vulnerabilities, and misconfigured systems. Pen tests can be conducted manually or with automated tools.
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Key Players
- Rapid7
- Fireeye
- Micro Focus
- IBM
- Secureworks
Key Trends
There are three key trends in penetration testing technology:
The rise of cloud-based services: Cloud-based services are becoming more popular, as they offer a number of advantages over traditional on-premises solutions. This means that more businesses are storing sensitive data in the cloud, which can make them a target for attackers.
The growth of mobile devices: Mobile devices are becoming increasingly popular and are being used for a variety of tasks, including accessing corporate data. This makes them a potential target for attackers, who can exploit vulnerabilities to gain access to sensitive information.
The rise of the Internet of Things: The Internet of Things (IoT) is a network of physical devices that are connected to the internet. This trend is growing rapidly, as more and more devices are being connected to the internet. This can create a number of security risks, as attackers can target IoT devices to gain access to sensitive data.
Key Drivers
One of the most important drivers is the increasing awareness of organizations about the importance of penetration testing in ensuring the security of their systems and data. Another key driver is the growing number of cyber-attacks and data breaches that have been occurring in recent years. This has led to a greater demand for penetration testing services in order to assess the security of systems and identify vulnerabilities that could be exploited by attackers.
Another key driver of the penetration testing market is the increasing complexity of IT systems and the growing use of cloud-based services. This has made it more difficult for organizations to secure their systems and data, and has led to a greater need for penetration testing services. Additionally, the growing number of regulations and compliance requirements that organizations must meet is also driving the demand for penetration testing services.
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Market Segments
By Type
- Network Penetration Testing
- Web Application Penetration Testing
- Mobile Application Penetration Testing
- Social Engineering Penetration Testing
- Wireless Network Penetration Testing Services
- Others
By Deployment
- On-premise
- Cloud
By End-User Industry
- Government and Defense
- BFSI
- IT and Telecom
- Healthcare
- Retail
- Others
Reasons to buy Penetration Testing Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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