What is Penetration Testing Market?
Penetration testing is a sort of security testing that is used to test the insecurity of an application. It is accompanied to find the security risk which might be present in the system. If a system is not protected, then an attacker can disrupt or take authorized access to that system. The security risk is normally an accidental error that occurs while developing and implementing the software such as configuration errors, design errors, and software bugs, etc. Penetration testing usually evaluates a systemís ability to protect its networks, applications, endpoints, and users from external or internal threats. It also efforts to protect the security controls and ensures only authorized access. Penetration testing is beneficial in numerous applications, and it offers enhancement of management system, avoid fines, protection from financial damage, and provides customer protection.
The market study is being classified, by Application (Government and defense, Banking, Financial Services, and Insurance (BFSI), IT and telecom, Healthcare, Retail and Others) and major geographies with country level break-up. According to AMA, the Global Penetration Testing market is expected to see growth rate of 24.0% and may see market size of USD2401.0 Million by 2026.
Hewlett Packard Enterprise (United States), IBM Corporation (United States), Rapid7, Inc. (United States), Qualys, Inc. (United States), Veracode (United States), Trustwave Holdings, Inc. (United States), Acunetix (Malta), Cigital, Inc. (United States), WhiteHat Security (United States) and Checkmarx (Israel) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Secarma Limited (United Kingdom), Core Security Technologies, Inc. (United States), Offsec Services Ltd. (Gibraltar), Canaudit Inc. (United States) and Redspin, Inc. (United States).
Some of the major companies are enhancing their research and technology in order to stand in the most secure service provider. Most of the companies are growing their geographic presence in other regions in order to gain a leading market share. The market is highly competitive owing to rapid technological advancements within the industry. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Penetration Testing market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Penetration Testing market by Type, Application and Region.
On the basis of geography, the market of Penetration Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Need for Protection from Various Sophisticated Cyber Attacks
- Increasing Number of Mobile Users and Applications
- Need to Meet Compliance Requirements
- Now a Days People Have Become So Comfortable With the Internet That They Are Willing To Share Their Information with Unknown Individuals and Websites around the World
- Lack of Interest in Running Full Penetration Testing Operations
- Benefits of Incorporating Security Methods during the Application Development Phase
- Evolution of Internet of Things (IOT)
- Lack of Application Security Expertise
Recently, IBM security has opened X-Force Red Labs, a network of four secure testing facilities globally. These testing facilities dedicated to testing security devices and systems including automotive equipment, consumer and industrial IoT technologies, and Automated Teller Machines (ATMs). BM X-Force Red has emerged as the industry's premier security testing team and has experienced tremendous growth. The team has grown its penetration testing client base by over 170 percent in 2017.
Key Target AudiencePenetration testing tool providers, Penetration testing service providers, Network solution providers, Network administrators, Application developers, System integrators, Resellers, Managed service providers and Cybersecurity consulting firms