Loading...

Penetration Testing Market by Component (Solutions and Services), Deployment Mode (Cloud and On-Premises), Application (Web Application, Mobile Application, Network Infrastructure, Social Engineering, Embedded & IoT, and Others), Organization Size (Large Enterprise and Small & Medium Enterprises), and Industry Vertical (BFSI, Healthcare, IT & Telecom, Retail & E-commerce, Energy & Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07473
Pages: NA
Oct 2020 | 70 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Penetration Testing Market

Request Now !

Penetration Testing Market Statistics: 2027

 

Penetration testing is a process of simulating cyber-attack that exploit vulnerabilities in computer systems. It is acronym as pen testing or ethical hacking and is widely used as a web application to find security vulnerabilities that a cyber attacker might exploit. Penetration testing is an advance set of technologies that provide automated testing with help of software applications. The main process of penetration testing includes gathering of information that is associated with a system or network, which identifies possible entry points and attempts to break in the framework either on real-time basis or with simulation. In the end, a visual reporting tool displays result of the attack and threat possibilities that were discovered. Benefits of penetration testing such as distinguishing sophisticated vulnerabilities in a specific network or system or device have ensured to gain client’s trust as well as highlight reputation of a business.

Penetration Testing Market

 

Market scope and structure analysis:

                     Report Metric

                                         Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

Component, Deployment Mode, Application, Deployment Mode, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa

  Companies covered

Major players analyzed include Acunitix, Cigital Inc., Checkmarx, Hewlett Packard Enterprise Co., IBM Corporation, Qualys Inc., Rapid7 Inc., Trustwave Holdings Inc., Veracode, and Whitechat Security.

 

COVID-19 Scenario Analysis:

  • COVID-19 outbreak has been declared as pandemic by the World Health Organization, causing huge impact on lives, families, and communities. This has had an immediate effect on organizations, changing the way employees work and bringing with it new cyber risks.
  • Maintaining reliable remote access systems would become critical to business operations as employees work remotely. Remote access systems are expected to be targeted by attackers with denial of service attacks, seeking to disrupt business operations or to extort money.
  • Employees are likely required to work with unfamiliar technology (such as remote collaboration tools) where opportunities to provide sufficient training may be limited. This could introduce new risks as technologies are used inappropriately, misconfigured, or not used with security measures that are envisioned when designed.
  • Vulnerabilities may be introduced as security basics such as patching are neglected, owing to resources being refocused in a different place. Regardless of global events, security vulnerabilities continue to be discovered in IT systems and continuous efforts are required to ensure these are addressed before attackers are able to exploit them.
  • Organizations may not effectively detect cyber-attacks as security teams are short staffed or repurposed to support other activities, leaving security alerts uninvestigated.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Significant rise in mobile based business applications and increase in use of cloud computing platforms are the major factors that drive growth of the penetration testing market.  However, high cost of performing the test can hamper the growth of market. Contrarily, government initiatives and enterprises focus on digitalization is the opportunistic factor of the global penetration testing market.

Increase in use of cloud computing platform

With government lockdown initiatives in this pandemic, cloud-based adoption increased at a significant rate. This gives way to cyber hackers/attackers to various attacks on cloud platform. Hence, businesses that are shifting to cloud-based storage platforms are expected to propel the growth of the penetration testing market. In addition, industries incline toward cloud-storage over traditional physical servers, owing to low cost and ability to scale up or scale down businesses at a minimal investment. For instance, Apple, Inc. spent over $306 million on Amazon’s cloud till 2019. Similarly, in 2018, Amazon generated a revenue of approximately $25 billion from its Amazon Web Service (AWS) cloud computing services.

However, cloud-based solutions are vulnerable and prone to be hacked and attacked through cyber-crimes. This has increased the need to be secured from malicious code. In 2019, Capital One, a financial corporation faced a cloud computing vulnerability due to which 106 million credit card customer’s data were exposed. Thus, the demand for penetration testing is becoming an integral part of cloud computing platform to ensure additional security and is expected to witness rapid pace of growth along with cloud computing market.

High cost of performing the test

A typical penetration vulnerability testing is priced approximately $3000 per month, whereas a high-quality penetration testing service with various advance features might cost around $15000 to $30000 per month. These costs are high and unaffordable for small businesses, which has increased the service n solutions cost. Hence, performing penetration testing once or twice a year leaves new application code untested for months. Similarly, owing to high cost of penetration testing, small enterprises are adopt this test.

Key segments covered:

                  Segments

                                                       Subsegments

  Component

  • Solutions
  • Services

  Deployment Mode

  • Cloud
  • On-Premises

  Application

  • Web Application
  • Mobile Application
  • Network Infrastructure
  • Social Engineering
  • Embedded & IoT
  • Others

  Organization Size

  • Large Enterprise
  • Small & Medium Enterprise

  Industry Vertical

  • BFSI
  • Healthcare
  • IT & Telecom
  • Retail & E-commerce
  • Energy & Utilities
  • Others

 

Key benefits of the report:

  • This study presents analytical depiction of global penetration testing industry along with current trends and future estimations to determine imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the penetration testing market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global penetration testing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the penetration testing market.
  • The report provides a detailed penetration testing market analysis based on the present and future competitive intensity of the market.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 

PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library,  T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Penetration Testing Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library.  T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts