Penetration Testing Market Is Growing Rapidly Due To Increasing Incidence of Cyber-Attacks, Top Competitors – Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD

Synopsis of the Report:

Penetration Testing, also known as security testing, security pen testing, and pen testing, is a form of ethical hacking. It is a simulated cyber-attack against the computer system to check for exploitable vulnerabilities. Penetration testing is commonly used to augment a web application firewall (WAF). Thus, with the increasing incidence of cyber-attacks and the need to secure sensitive data, the demand for penetration testing is also increasing rapidly, worldwide. This in turn is expected to augment the growth of the penetration testing market. According to the Transforming Data with Intelligence (tdwi.org), the number of data breaches in the United States totaled 1,001 cases in 2020.

Market Overview:

In May 2021, Astra Security launched a turnkey security scan and penetration testing service that delivers application security and compliance for customers who are increasingly facing security complex challenges and data breaches due to improperly implemented security measures for their internet-facing applications. Moreover, the emergence of COVID-19 (global pandemic) is also driving the growth of the penetration testing market. Small and medium-sized enterprises (SMEs) are struggling to keep on top of cyber security threats to remote workers during this pandemic. Now, SMEs can take advantage of a penetration testing service launched by the National Cyber ​​Security Center (NCSC) service in July 2020.

All companies included: IBM Corporation, Rapid7, Inc., Microfocus, Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Secure Works Inc., Acunetix, Contrast Security, and Palladion Network Private Limited.

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Scope of the report:

The newly launched penetration testing service is designed to help SMEs without dedicated security resources for cyber-attacks. Furthermore, increasing adoption of advanced technologies such as Bring Your Own Device (BYOD), cloud computing, Internet of Things (IoT), and the increasing disposable income has also contributed to the penetration testing market growth. Worldwide, the total installed base of Internet of Things (IoT) connected devices is projected to amount to 30.9 billion units by 2025. Moreover, the use of mobile phones and computers have increased over the years. Thus, with the increasing number of smartphone users, demand for penetration testing is also increasing.

Laptops and computers are used to store or handle important data and applications, which are used by both government and defense agencies. Thus, it is vital to equip such systems with a highly secure system to counter data theft. This makes the deployment of penetration testing indispensable. The cloud-based platforms are beneficial for business or organizations that have strict budgets for security investments. SMEs deploy pen testing to the cloud, as it helps them to focus on their core competencies rather than investing their capital on security infrastructure. This in turn is also expected to propel the penetration testing market growth.

Regional Analysis:

North America: United States, Mexico and Canada

South & Central America: Argentina, Chile, Brazil and Others

Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

Asia Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

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Competitive Landscape:

In order to respond to various requests from clients and readers, the study contains a succinct summary of the important industry participants and contributions. Customers will also find in this report significant variables that have a large impact on the Penetration Testing Market’s growth, such as the supplier environment and recent competition intensity.

By conducting an exhaustive examination of manufacturers, producers, distributors, and dealers, the research aims to assist key players in a variety of strategic decisions and vital investment goals. Secondary and validated primary sources are used to evaluate key enterprises and their production data, percentage splits, market shares, product industry breakdowns, and growth rates.

Objectives of the Report:

Conduct research on and make predictions on the amount and value of the Penetration Testing Market.

Determining market shares for the Penetration Testing Market‘s significant segments.

To show how different regions of the world’s markets for Penetration Testing Market are evolving.

To research and analyze micromarkets with regard to their potential and unique growth patterns, as well as their contributions to the Penetration Testing Market.

To give accurate and practical information on the factors impacting the development of Penetration Testing Market.

To provide a detailed analysis of the various business tactics used by the Penetration Testing Market, including R&D, partnerships, agreements, collaborations, acquisitions, mergers, new product launches, and acquisitions, mergers, and acquisitions.

Global Penetration Testing Market: Taxonomy

On the basis of Testing Service

  • Network penetration testing
  • Web application penetration testing
  • Mobile application penetration testing
  • Social engineering
  • Wireless penetration testing
  • Others

On the basis of Deployment Mode

On the basis of Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large enterprises

On the basis of Industrial Vertical

  • Government and defense
  • Banking, Financial Services, and Insurance (BFSI)
  • IT and telecom
  • Healthcare
  • Retail
  • Others

On the basis of Regions

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East

  • Africa

𝗙𝗔𝗤’𝗦:

What is the estimated growth rate of the market for the forecast period of 2022-2028?

What will the market size be in the anticipated time frame?

What are the primary aspects that will determine the Penetration Testing Market‘s fate over the forecast period?

What are the major market players’ winning strategies for building a strong presence in the Penetration Testing Market industry?

What are the primary market trends influencing the Penetration Testing Market’s growth in various regions?

What are the biggest dangers and difficulties that are likely to stymie the Penetration Testing Market’s growth?

What are the most critical opportunities for market leaders to succeed and profit?

𝑧𝑒𝑒𝑒𝑒𝑒𝑒𝑒𝑒𝑒𝑒:

1. Market Overview

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Research Objective and Assumption

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Research Objectives

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Assumptions

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Abbreviations

2. Market Preview

▪ Report Description

▪ Market Definition and Scope

▪ Executive Summary

▪ Market Snippet, By Function

▪ Market Snippet, By Application

▪ Market Snippet, By Region

▪ Coherent Opportunity Map (COM)

3.Market Dynamics, Regulations, and Trends Analysis

▪ Market Dynamics

▪ Drivers

▪ Restraints

▪ Market Opportunities

▪ Regulatory Scenario

▪ Industry Trend

▪ Mergers and Acquisitions

▪ New system Launch/Approvals

▪ Value Chain Analysis

▪ Porter’s Analysis

▪ PEST Analysis

Continue…

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