Increasing Demand From The Commercial And Residential Applications Boosts Penetration Testing Growth.

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Penetration Testing Market Overview:

Penetration Testing is the energy derived from ocean waves, tidal streams, tidal range, ocean currents, and temperature gradient without emitting harmful greenhouse gases. It is also known as marine energy, marine power, and marine renewable energy. The market is expected to increase from the growing global attention on energy efficiency against the backdrop of rising energy costs and pollution. Power grid designs are expected to change over time as the future energy industry shift toward a decentralized supply, which is paralleled by the emergence of smart grids. Solar, wind, ocean, and biomass energy are becoming more important as smaller power plants mushroom under the decentralized structure.

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Estimated Growth of Revenue:

Penetration Testing 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.

Penetration Testing Market Scope:

We looked at the Penetration Testing Market from every perspective possible, using both primary and secondary research methodologies. This increased our understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer behavior, among other things. The data is then compiled and assessed using a range of market estimation and data validation methodologies. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2027.

Penetration Testing Market Dynamics:

The market is anticipated to benefit from effective monitoring technologies and smart architecture. The technology is expected to gain more popularity than traditional alternatives because of its high dependability and predictability index. Penetration Testing helps in reducing inefficiencies which is a vital need given the increased contribution of renewable energy to the overall energy mix. During the forecast period, the worldwide Penetration Testing market is anticipated to rise due to the depletion of fossil fuels, growing environmental concerns, rising energy demand, and shifting toward creating renewable energy. The major renewable energy source technology is Ocean wave power conversion for generating more than 1000-10,000 GW and is expected to meet the rising demand and increase the potential for wave power generation.

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what is the goal of penetration testing ?

By Type, the segments are Web Application Penetration Testing, Mobile Application Penetration Testing, Network Penetration Testing, and Other. Mobile application is projected to grow at the CAGR of 6.8% in the forecast period (2021-2027). This growth can be attributed to the high demand for E-Commerce apps like Amazon and Zomato in the global IT market. There are continuous data breaches in E-commerce giants like Amazon and Facebook. Penetration testing is projected to help identify the potential breach or vulnerability in these apps. The personal data of over 530 million Facebook users was leaked online in April 2021. It included personal phone numbers, e-mail addresses other biographical information of global users of the app. These frequent data breaches of global social media giants are projected to contribute to the penetration testing market growth in the same forecast period.

By Industry, Government, and Defense along with the Banking and Finance sector held the first and the second largest positions in the global penetration testing market in the year 2020. In 2020, the United States federal government database was breached by Russian hackers. Therefore cyber-attacks on government databases like these are projected to drive the growth of the government and defense segment in the global market in the aforementioned forecast period. In March 2021, A US financial firm CNA was the target of a ransomware attack that disrupted employee and customer services for more than three days. In the same month, the country’s Federal Trade Commission had issued an alert about an e-mail scam in the COVID-19 stimulus benefits offered by the governments. Recurring attacks like these on financial institutions on a global scale is projected to help the overall growth of the Banking and Financial segment of the penetration testing market.

Penetration Testing Market Leading Companies:

• Checkmarx
• FireEye
• Micro Focus
• Secureworks
• Rhino Security Labs
• Immuniweb
• PortSwigger Web Security
• iSECURION
• Core Security SDI Corporation

Regional Analysis:

The penetration testing sales prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Penetration Testing market share and will continue to be a major shareholder in the global Penetration Testing market.

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COVID-19 Impact Analysis on Penetration Testing Market:

The COVID-19 pandemic caused a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Penetration Testing market to decelerate in 2020. The new report includes insights, analysis, estimates, and predictions that include the influence of COVID 19 on the Penetration Testing market. Maximize Penetration Testing Market Research report includes an in-depth analysis of consumer behavior in the wake of the pandemic as well as its impact on the future of the Penetration Testing market along with the impact on segmentation, drivers, and increase in market restraints.

Key Questions Answered in the Penetration Testing Market Report are:

  • What will be the CAGR of the Penetration Testing market during the forecast period?
  • Which segment emerged as the leading segment in the Penetration Testing market?
  • Which are the prominent players in the Penetration Testing market?

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