Penetration Testing Market Worth $4.5 Billion by 2025 - Exclusive Report by MarketsandMarkets™
CHICAGO, March 12, 2020 /PRNewswire/ -- According to a new research report "Penetration Testing Market by Component (Solutions & Services), Application Area (Network Infrastructure, Web Application, Mobile Application, Cloud, & Social Engineering), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2025", the Penetration Testing Market is projected to grow from USD 1.7 billion in 2020 and expected to reach USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.8% during the forecast period.
The growing number of enterprises implementing security measures due to increased sophistication in cyberattacks is anticipated to be a major market driver, and the trend is expected to continue for the penetration testing industry. Additionally, the need to adopt necessary steps in advance to secure the overall security infrastructure and technological advancements in terms of Artificial Intelligence (AI) and Machine Learning (ML) have bolstered the potential use cases across verticals.
Browse in-depth TOC on "Penetration Testing Market"
133 – Tables
37 – Figures
191 – Pages
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13422019
By component, the solutions segment to hold a larger market size during the forecast period
Penetration testing includes network penetration testing, web and mobile application penetration testing, Internet of Things (IoT) penetration testing, and cloud penetration testing. Penetration testing is mostly provided as a service, but large enterprises as well as governments adopting the technology, contain sensitive information. For securing information, governments and large enterprises prefer deploying penetration testing solutions on their premises so that the controls remain in the hands of their in-house team of technical experts. Hence, the solutions segment is expected to be a larger segment during the forecast period.
Healthcare vertical to be the fastest-growing vertical during the forecast period
The deployment of web and mobile applications for offering various health services is gaining popularity day-by-day. The IoT and Bring You Own Device (BYOD) trends have increased the adoption of these healthcare applications among customers. Thus, a large amount of healthcare data is generated that includes patient's personal information, insurance IDs, social security numbers, medical history, historical data of financial transactions, and other confidential information. This data is susceptible to cyberattacks and its protection is of the highest priority of organizations. The breach of patient records, such as patient identity leads to many issues for patients. For instance, patients can become victims of medical identity theft resulting in the patient's health records to contain false medical and health data, which puts further treatments at risk. All these lead to unsafe and inefficient patient care. Hence, the healthcare vertical is expected to be the fastest growing vertical for the adoption of penetration testing solutions during the forecast period.
Speak to Our Expert Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=13422019
North America to hold the highest market share during the forecast period
North America has sustainable and well-established economies, which empower it to invest significantly in Research and Development (R&D) activities, thereby contributing to the development of new technologies in the Penetration Testing Market. The presence of key players is expected to be the major factor driving the growth of the market in this region. Companies, such as Qualys, Rapid7, FireEye, IBM, Cigital along with several startups in the region, are offering penetration testing solutions and services to cater to the needs of customers.
Market Players
The major vendors covered in the Penetration Testing Market include Qualys (US), Rapid7 (US), FireEye (US), IBM (US), Micro Focus (Berkshire), Cigita l(Synopses) (US), Secureworks (DELL) (Georgia), Trustwave Holdings(Singtel) (US), Acunetix (Malta), Netsparker (UK), Veracode (Broadcom) (US), Rhino Security Labs(US), Core Security (HelpSystems) (US), Immuniweb (High-Tech Bridge) (Switzerland), Checkmarx (Israel), PortSwigger Web Security (England), Context Information Security (UK), iSECURION (India), BreachLock(US), Raxis (Georgia).
Browse Adjacent Markets: Information Security Market Research Reports & Consulting
Related report:
Crowdsourced Testing Market by Testing Type (Performance Testing, Functionality Testing, Usability Testing, Localization Testing, and Security Testing), Platform, Organization Size, Vertical, and Region - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/crowdsourced-testing-market-228543210.html
Automated Breach and Attack Simulation Market by Offerings (Platforms/Tools, Services), Application (Configuration Management, Patch Management, Threat Intelligence), End Users (Enterprise, Data Centers, Service Providers), Region - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/automated-breach-attack-simulation-market-43164821.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/penetration-testing-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/penetration-testing.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article