Penetration Testing Market By Type (Network Penetration Testing, Web Application Penetration Testing, Mobile Application Penetration Testing, Social Engineering, Wireless Penetration Testing, Others), By Deployment Model (On-Premises, Cloud), By Organization Size (Small And Medium Enterprises, Large Enterprises), By Industry Verticals (Government And Defense, It And Telecom, Healthcare, Retail, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

"Increasing Need to Implement Security Measures Is Driving the Penetration Testing Market"

Globally, the penetration testing market is expected to grow with a CAGR of 26.5% during the forecast period from 2019 to 2027, starting from $850.2 Mn in 2018. Penetration testing is also called as ethical hacking and is used to test security level of the computer system or network which can be exploited by a hacker or cyber attacker. Penetration testing is performed with the help of software solutions and also can be performed manually. Since information technology and consumer electronics market has seen tremendous development, the usage of smart devices has increased. Also, emergence of Internet of Things and artificial intelligence has also propelled use of smart devices for personal and commercial use which has created a need to implement security measures and protect the devices from cyber-attacks.

Furthermore, as every industry is going through technological development, there is an increasing threat of data exploitation. As technology has become backbone of almost every industry, there is an increasing need to adopt penetration testing and make sure about the security. Moreover, increasing number of wireless networks and growing number of connected devices are also generating demand for penetration testing across various industry verticals. However, lack of skilled personnel and lack of awareness in various developing and underdeveloped countries is likely to restrain the growth of penetration testing market during the forecast period.

"Cloud Based Services to Dominate the Penetration Testing Market"

The penetration testing market is segmented on the basis of deployment model into on-premise and cloud based model. The cloud based deployment model held largest market share of over 53% in 2018. The advantages associated with cloud based services as resulted in increasing penetration of cloud based techniques in various industrial verticals. Factors such as cost efficiency, time efficiency, and easy handling makes cloud based model a preferred one. Furthermore, on-premise model is also used by some organizations keeping in mind the benefits of the traditional deployment model.

"North America to Dominate the Penetration Testing Market"                       

North America held a leading position in the global penetration testing market by contributing around 35% of the total market. This huge market share is mainly attributed to the increasing focus on innovation and technological advancements. Key players based in US and Canada are investing significantly to provide efficient services that would help their clients feel secure. Furthermore, increasing adoption of mobile devices and various web based applications is also fuelling the demand for penetration testing in this region. However, Asia-Pacific offer significant growth opportunities to the key players operating in the global penetration testing market.

The prominent players in the penetration testing market are Acunetix, Cigital, Inc., Cisco Systems, Inc., Checkmarx, Synopsys, Inc., Qualys, Inc., Hewlett Packard Enterprise (HPE), IBM, and Portswigger Ltd.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The penetration testing market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global penetration testing market based on type, deployment model, organization size, industry verticals and geography. Key segments covered in the report are as follows:

Key questions answered in this report

• What was the market size of penetration testing in 2018 and forecast up to 2027?
• Which is the largest regional market for cloud based services?
• What are the major trends followed in penetration testing market across different regions?
• Who are the key companies in the penetration testing market?
• What are the key strategies adopted by the leading penetration testing companies in market?
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Unique data points of this report

• Statistics on adoption of penetration testing and spending worldwide
• Recent trends across different regions in terms of adoption of penetration testing across industries
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)