Penetration Testing Market: Global Industry Analysis and Forecast (2021-2027) by Type, Deployment, Industry and, Region
Penetration Testing Market Scope:
We investigated the Penetration Testing Market from every angle, using both primary and secondary research methods. This aided us in developing a grasp of current market dynamics, such as supply-demand imbalances, price trends, product preferences, consumer behaviour, and so on. The data is then assembled and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting model that predicts market growth until 2027.
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The top authors, researchers, and analysts collated and summarised the evaluation of the impact of recommendations on market activity. The research contains data based on the market's historical and present situations, as well as other components impacting the market's development path. It includes the most recent and up-to-date information on the worldwide Penetration Testing market landscape. The analysis goes into information about demand, revenue forecasts, volume, share, growth, kinds, applications, and sales, among other things. The research examines a variety of crucial restrictions, including item pricing, manufacturing capacity, profit and loss figures, and distribution methods.
Penetration Testing Market Overview:
The Penetration Testing Market research report analyses and evaluates market’s position over the projected period. It is a thorough investigation that focuses on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The study also looks at key players, large collaborations, mergers, and acquisitions, as well as trending innovation and corporate strategies.
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.
Penetration Testing Market Segmentation:
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 Key Players:
The analysis also focuses on the worldwide key industry players of the Penetration Testing Market, including information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This research looks at the Penetration Testing Market Trend, volume, and value on a global, regional, and corporate level. This study shows the entire Penetration Testing Market Size from a worldwide perspective by analysing historical data and prospects. The research covers leading Penetration Testing market companies and evaluates their market rankings. The players highlighted in this report are as follows:
• Rhino Security Labs • Immuniweb • PortSwigger Web Security • iSECURION • Core Security SDI Corporation • Redteam Security Consulting • Context Information Security • Rapid7, Inc. • Qualys, Inc
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Regional Analysis:
The study offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives an overview and prognosis of the worldwide Penetration Testing market by segment. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027. Each regions Penetration Testing market is further subdivided by respective regions and segments. The research analyses and forecasts different countries, as well as existing trends and prospects in the region.
COVID-19 Impact Analysis on Penetration Testing Market:
We have studied and analyzed in detail, Global Penetration Testing Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Penetration Testing industry's potential, providing statistical information about market dynamics, growth factors, major challenges, PORTAL analysis, and market entry strategy analysis, opportunities, and forecasts. The report's main focus is to give firms in the sector a strategic analysis of the impact of COVID-19. Simultaneously, this research examined the markets of key nations and introduced the market potential of these countries.
Key Questions Answered in the Penetration Testing Market Report are:
- What are some of the most promising high-growth opportunities in the global Penetration Testing market by product type and End User and Region?
- Which Penetration Testing market segments will expand the fastest, and why?
- Which regions will develop quicker, and why?
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