Penetration Testing Market Overview:
The global market report on the Penetration Testing Market has a chance to grow past
valuation of USD 2.8 billion during the forecast period of 2018 to 2023, with a
CAGR of 26%. Market Research Future (MRFR) claimed that factors like demand for
measuring and testing the security level are getting fuel, which in turn can
inspire the penetration testing market growth. Recent cyber-attacks on web
applications have provided a further tailwind to the market. Internet
penetration is also a major growth-inducer for the market.
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Segmentation:
The penetration testing market, as discussed by MRFR
analysts, has been segmented in the report on the basis of component, organization
size, deployment, type, and end-user. Data from these segments can help in
proper know-how of the market and assist in developing strategies.
By component, the penetration testing market has
been segmented into services and testing solutions. The services segment
includes a study of professional services and managed services. The
professional services encompass a discussion of implementing & integrating
services, consulting services, and training services. The testing solutions
include a proper understanding of web application penetration testing, network
penetration testing, social engineering, wireless penetration testing, mobile
application penetration testing, and others.
By organization type, the report on the penetration
testing market has been segmented into large enterprise and small & medium
enterprises.
By type, the study on the penetration testing market
includes proper knowledge of blind testing, internal testing, external testing,
and double-blind testing.
By deployment, the report on the penetration testing
market includes on-cloud and on-premises. The on-cloud segment would get
substantial acknowledgment as its cost-affordability and easy access are
providing ample opportunity to register better growth.
By end-user, the penetration testing market includes
a discussion of BFSI, manufacturing, IT & telecom, healthcare, media &
entertainment, energy & power, and others. The IT & telecom industry is
going to benefit in remarkable ways from this market.
Regional Analysis:
North America and Europe are two
structurally-advanced regions where the constant influx of investment for
funding of research and high capacity of people to invest in such practices are
expected to bolster the market growth. In Asia Pacific, the market is
percolating at great speed, using the burgeoning nature of industries as
tailwinds.
Competitive Landscape:
The global market report comprising details of the
penetration testing market includes coverage of latest strategic moves
implemented by companies like Redteam Security Consulting (U.S.), Core Security
SDI Corporation (U.S.), Qualys, Inc. (U.S.), Context Information Security
(U.S.), Rapid7, Inc. (U.S.), Acunetix (Malta), Hewlett Packard Enterprise
(U.S.), Veracode (U.S.), Trustwave Holdings, Inc. (U.S.), Cigital Inc. (U.S.),
WhiteHat Security (U.S.), IBM Corporation (U.S.), and Checkmarx (Israel).
Industry News:
In September 2020, Pcysys Ltd., a penetration
testing platform startup, revealed that it has raised $25 million in new
funding with an aim to expand sales and delivery teams and also inspire the
development of its technology. This Series B round saw the movement getting led
by Insight Partners and it had existing investors Awz Ventures and the
Blackstone Group. Pcysys is an acronym for “proactive cyber systems”, which
offers an automated penetration testing platform that has been designed to
assess and reduce cybersecurity risks. This is already known as Pentesting and
it involves testing information technology networks using a series of simulated
attacks to find out various vulnerabilities.
During the COVID-19 crisis, a lot of companies opted
for various digital applications and developed technologies to counter the
imminent crisis. This could transform the intake pattern of the penetration
testing market.
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