Penetration Testing Market size was valued at US$ 1.4 Billion in 2020 and the total Penetration Testing revenue is expected to grow at 16.5% through 2021 to 2027, reaching nearly US$ 4.08 Billion.
Market Scope :
The Penetration Testing market is predicted to develop at a quicker rate during the forecast period 2021-2027. Supply and demand trends, costs, pricing, shares, volumes, sales, and gross margins are among the findings of Maximize Market Research (MMR). Each manufacturer’s manufacturing unit, capacity, production, factory price, market price, and market share are evaluated using MMR data.
Penetration Testing Market Overview :
This report’s sole purpose is to estimate the Penetration Testing market. The MMR Penetration Testing Market Research Report investigates and analyses global trade statistically. It looks into the most important Penetration Testing market trends, limits, opportunities, success constraints, problems, and issues. The market is further divided into regions, with predictions for significant countries in each, such as Asia Pacific, North America, and Europe (ROW). We make the most of the data obtained and analysed by Maximize market research for this extensive industrial study of the Penetration Testing business by utilising secondary sources such as encyclopaedias, directories, and databases. There are no relevant industry or supplier specialists participating as a significant source of information for gathering and validating vital data for assessing the market’s future prospects.
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Penetration Testing Market Segmentation :
By Type : Web application penetration testing, mobile application penetration testing, network penetration testing, and other are the segments listed by kind. The forecast term is expected to have a CAGR of 6.8% for mobile applications (2021-2027). The strong demand for E-Commerce applications like Amazon and Zomato in the worldwide IT sector is responsible for this growth. Continuous data breaches occur at massive online retailers like Amazon and Facebook. The potential breach or vulnerability in these apps is expected to be found with the use of penetration testing.
By Industry : In terms of industry, the banking and finance sector, government, and defence, along with them, held the top two spots in the global penetration testing market in 2020. Russian hackers broke into the federal government of the United States’ database in 2020. Therefore, throughout the aforementioned forecast period, cyber-attacks on government databases like these are expected to fuel the expansion of the government and defence segment in the global market. A ransomware assault that targeted the US banking institution CNA in March 2021 resulted in a three-day interruption of employee and customer services.
Penetration Testing Market Key Players :
• WhiteHat Security
• Checkmarx
• FireEye
• Micro Focus
• Secureworks
• Rhino Security Labs
• Immuniweb
• PortSwigger Web Security
• iSECURION
• Core Security SDI Corporation
• Redteam Security Consulting
• Context Information Security
• Rapid7, Inc.
• Qualys, Inc
• Veracode
• Trustwave Holdings, Inc
• Acunetix
• Hewlett Packard Enterprise
• IBM Corporation
• Cigital Inc
This MMR report contains comprehensive information on the Penetration Testing market’s leading participants. Annual Corporate Revenue, Penetration Testing Corporate Market Share, Corporate Business Strategy, Corporate SWOT Analysis, PESTEL Analysis, and Recent Corporate Development are all examples of corporate revenue.
Regional Analysis :
The MMR Penetration Testing Market Report covers North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. MMR focuses on main market segments and sub segments, as well as key market sectors, in this Penetration Testing market study. The MMR survey ranks innovative countries in district development based on market share, volume, and market size. Volume, area, income, the marketplace chain system, and trends are all indicators.
COVID-19 Impact Analysis on Penetration Testing Market :
Between 2020 and 2021, the COVID-19 Rule had a significant impact on global, industry, and labour expectations. COVID-19 is a threat to society and level of living that requires quick industrial help and innovation. COVID-19 causes a slew of problems for Indian expats. Millions of migrant workers have lost their jobs as a result of embargoes, food shortages, and fear about the future.
MMR research aims to improve understanding of the current economy, COVID-19, and its impact on the commercial market in general. In most industries, sectors, and disciplines, COVID-19 is followed by MMR. Maximize Market Research can assist you in determining the impact of COVID-19 on your industry.
Key Questions answered in the Penetration Testing Market Report are :
- Which product segment grabbed the largest share in the Penetration Testing market?
- How is the competitive scenario of the Penetration Testing market?
- Which are the key factors aiding the Penetration Testing market growth?
- Which region holds the maximum share in the Penetration Testing market?
- What will be the CAGR of the Penetration Testing market during the forecast period?
- Which application segment emerged as the leading segment in the Penetration Testing market?
- Which are the prominent players in the Penetration Testing market?
- What key trends are likely to emerge in the Penetration Testing market in the forecast period?
- What is the expected Penetration Testing market size by 2027?
- Which company held the largest share in the Penetration Testing market?
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