VALLEY COTTAGE, New York,
December 18, 2017 /PRNewswire/ --
Key players in the global penetration testing
market are launching new products and increasing their
business partnerships with other players. The U.S. is expected to
be a key market in the global penetration testing market, due to
the presence of major players in the region, an increasing number
of data breaches and a rising adoption of cloud computing solutions
and services. Insights such as these are included in a new report
published by Future Market Insights
titled "Penetration Testing
Market: Global Industry Analysis and
Opportunity Assessment
2017-2027." The global penetration
testing market is expected to witness significant growth with an
impressive CAGR of 13.9% during the forecast period of 10 years
from 2017 to 2027. This growth can be attributed to the increasing
usage of penetration testing solutions in various industrial
verticals, and the increasing adoption of cloud based solutions and
services.
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Global Penetration Testing Market: Challenges
- One of the biggest challenges for penetration testing solution
vendors is the extreme and growing shortage of skilled cyber
security personnel to analyse and respond to incidents of cyber
threats
- There are many multinational companies in North America, especially in the United States, who are looking to build
multinational conferencing facilities. Such companies normally face
challenges such as unauthorized access to the company's bridge and
network
- Small businesses have smaller IT budgets, and consequently
spend less on penetration testing and other cyber security
solutions. The lesser adoption of penetration testing solutions in
small enterprises is one of the major challenges for the
penetration testing market
- Lack of knowledge and awareness about the usage of cyber
security solutions such as penetration testing, network testing,
and firewalls is another big growth restraint in the penetration
testing market
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Figures:
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Global Penetration Testing Market: Key Players
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 Paladion Network
Private Limited are some of the key companies operating in the
global penetration testing market.
Global Penetration Testing Market: Segmental Analysis and
Forecast
By type, the global penetration testing market is
segmented into network penetration testing, web application
penetration testing, mobile application penetration testing, social
engineering penetration testing, and cloud infrastructure
penetration testing. Among the type segments, the web application
penetration testing segment dominated the global penetration
testing market with a 27.8% share in terms of revenue in 2016.
However, the mobile application penetration testing segment is
expected to exhibit relatively high growth rates in terms of
revenue, registering a CAGR of 14.9% over the forecast period.
On the basis of component, the global penetration
testing market is segmented into software, and pen-test services
(Consulting and Software-as-a-Service). Pen-test services segment
is expected to register high Y-o-Y growth rates throughout the
forecast period. In terms of value, this segment is expected to
expand at a CAGR of 14.4% during the forecast period.
By enterprise size, the segmentation comprises small
and medium enterprises and large enterprises. In terms of value,
the large enterprises segment is projected to be the most
attractive segment in the global penetration testing market over
the forecast period. In 2016, the large enterprises segment was the
dominant segment, valued at US$ 316.9
Mn, and is expected to remain dominant in terms of revenue
throughout the forecast period.
By vertical the market is segmented into BFSI,
healthcare and life sciences, consumer goods and retail,
automotive, IT and telecommunication, media and entertainment,
government, and others. The IT and telecommunication segment is
expected to register high Y-o-Y growth rates throughout the
forecast period. In terms of value, this segment is expected to
expand at a CAGR of 14.6% during the forecast period.
Browse Research Release at
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Global Penetration Testing Market: Forecast by
Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are
covered in this report. North
America was the dominant market in 2016 in terms of revenue
in the global penetration testing market. In the coming years,
North America is expected to be a
key market for substantial revenue generation. In terms of value,
the North America market is
projected to be the most attractive regional market for penetration
testing during the forecast period.
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