Penetration Testing Market To Escalate Rapidly with Top Keyplayers IBM Corporation, Rapid7, Microfocus, Qualys, Synopsys, Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Checkmarx.com LTD, VERACODE, Secure Works, Acunetix, Contrast S

Penetration testing is also known as pen testing. It is a simulated process used to test a computer system, application or a network to check for security weaknesses, which could be easily capitalized on by hacker. They are designed in such way that they will be useful in security assessments and security testing. For penetration testing, a wide variety of security assessment tools are used, which can be hardware-software, websites and (PEA) proprietary enterprise applications. There are various methods under the ambit of penetration testing, which include external testing, internal testing, blind testing, and double blind testing.

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Increasing incidence of cyber-attacks and need to secure vulnerable data are key drivers for penetration testing market growth

Major driving factor for growth of the penetration testing market is the ability of penetration testing to provide security to industries from various cyber-attacks, as increasing incidence of cyber-attacks can increase the vulnerability of critical data stored by organizations and adversely impact the revenue.

North America and Europe dominated the market with respect to penetration testing and are expected to maintain their dominance during forecast period, owing to increasing adoption of cloud services and Bring Your Own Device (BYOD) technology. For instance, according to Coherent Market Insights, in 2018, the U.S invested around US$ 95 billion on cloud services, accounting for more than 58% of the amount spent on cloud services worldwide. Furthermore, the UK and Germany collectively spent over US$ 14 billion on cloud services in 2018. Another factor which is contributing to the growth of the market in the region is presence of many key players (such as IBM Corporation, Synopsys, and WhiteHat Security among others) serving the penetration testing market in the region.

The key players operating in penetration sensing market include IBM Corporation, Rapid7, Inc., Microfocus, Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Secure Works Inc., Acunetix, Contrast Security, and Paladion Network Private Limited.

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Global Penetration Testing Market: Taxonomy

On the basis of Testing Service

-Network penetration testing
-Web application penetration testing
-Mobile application penetration testing
-Social engineering
-Wireless penetration testing
-Others

On the basis of Deployment Mode

-Cloud
-On-premises

On the basis of Organization Size

-Small and Medium Enterprises (SMEs)
-Large enterprises

On the basis of Industrial Vertical

-Government and defense
-Banking, Financial Services, and Insurance (BFSI)
-IT and telecom
-Healthcare
-Retail
-Others

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