The Global Market for Penetration Testing To Expand At an Outstanding CAGR throughout the Forecast Period, 2017-2027: FMI Study

Through a penetration test, a computer system can be identified whether it is affected by cyberattack. This test can identify vulnerabilities different devices, such as mobiles, network, cloud or any other devices. As a penetration test provides an accurate data on the cyberattack, the demand is growing rapidly. In a recent published report by Future Market Insights (FMI), it is mentioned that the global market for penetration testing is likely to witness an extraordinary CAGR of 13.9% throughout the forecast period, 2017-2027.

Market Dynamics    

The report has delivered various factors that are affecting the global penetration testing market as well as expanding the market by making more new opportunities. It is also mentioned in the report that in the present times, the global penetration testing market is facing some problems and owing to that the market is expected to face some challenges in the near future. One of the most important problems is the abundance of unprofessional personnel in the market, who are unable to respond & analyze the problems. Due to the less budget, the IT farms spend a small amount for the penetration testing and henceforth, these companies face various types of challenges in the forthcoming years.

Key Segmentation

As per the FMI report, the global penetration testing market has segmented into different segments based on types, different sizes of the enterprise, components, verticals and regions. Social engineering penetration testing, network penetration testing, mobile application penetration testing, cloud infrastructure penetration testing and web application penetration testing are the different types of penetration testing methods.

Besides, pen-test services, such as consulting & software-as-a-service, and software are the various components that are used in penetration testing methods. The global market for penetration testing has segmented into small, medium and large enterprises based on enterprise size. The large enterprises segment expanded at an impressive CAGR of 14.6% in through the forecast period.

Healthcare & life science, BFSI, consumer goods & retail, IT & telecommunication, automotive, government, media & entertainment and others are the different segments in the global market for penetration testing. The BFSI segment was expected to worth approximately US$ 85 Mn and is estimated to bring in US$ 370 Mn in 2027.

On the basis of various regions, the report has been segmented the global market for penetration testing into different regions, includes Western Europe, Latin America, Japan, Middle-East & Africa (MEA), North America, Asia-Pacific excluding Japan (APEJ) and Eastern Europe. In the year of 2016, North America used to lead the market depends upon the highest revenue contribution.

Key Players

Furthermore, the report has been outlined some of the key players of the global market for penetration testing. Paladion Network Private Limited, Trustwave Holdings, Inc., Qualys, Inc., Acunetix, VERACODE, Inc., Contrast Security, Secure Works Inc., Microfocus, IBM Corporation, Core Security SDI Corporation, Whitehat Security, Synopsys Inc., Checkmarx.com LTD, and Rapid7, Inc., among others, will be observed as leading players in the global penetration testing market.

Suyog Keluskar

Suyog Keluskar is an experienced Market Research, Customer Insights & Consulting professional, covering latest industry and market updates on Electronics, Semiconductor and ICT domain. With over ten years of experience in business/market research, Suyog delivers customer-centric assignments in market-entry, market expansion, partner identification, competition analysis, market sizing, industry insights and customer intelligence studies. When Suyog is not busy unraveling the consumer mind or unearthing market potential he can be found traveling the road less traveled with a fascinating book on contemporary history in his hand. An avid cricket fan, music lover and you will also find him discussing politics with his friends and peers more often.