The Global Penetration Testing Market Size will Hit $3.1 Billion by 2027, at a CAGR of 12%

Published Date: 26-Sep-2021

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Penetration Testing Market Growth, Trends and Report Highlights

According to a new report Global Penetration Testing Market, published by KBV research, The Global Penetration Testing Market size is expected to reach $3.1 billion by 2027, rising at a market growth of 12% CAGR during the forecast period.

Based on Deployment Mode, the cloud-based segment is expected to acquire the maximum revenue share over the forecasting years. Cloud penetration testing refers to an artificial cyberattack performed legally against a system, which is available on a cloud seller like Microsoft Azure or Amazons AWS. The cloud penetration test aims to identify the strengths and weaknesses of the operating system to ensure the overall cybersecurity and readiness of a system.

Based on vertical, the healthcare sector is estimated to witness the largest growth rate over the forecasting period. The healthcare industry is witnessing a rise in the number of cyberattacks due to the high dependency on the latest technologies. Whether it is small or large clinics, they both store the personal health information of more than thousands of people. In addition to this, in the traditional culture followed by healthcare, there was no deployment of suitable cybersecurity solutions for their IT infrastructure that allows cyber attackers to breach the confidential data easily. It is difficult to count the number of threats a company is facing due to the multiple attack vectors.

North America would register the maximum market share over the forecasting period. North America is bounded with a lot of government oversight and rules like HIPAA, PCI, SOX, DSS, Federal Energy Regulatory Commission (FERC), to smooth operations in the industry. The companies in this region are developed and have adopted vulnerability management and penetration testing solutions and hence, are surging the deployment of penetration testing solutions. In addition, the enhancements in cyberattacks, increasing security concerns, mandate to obey rules are some of the factors that are augmenting the demand for penetration testing solutions.

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Micro Focus International Plc, FireEye, Inc., HelpSystems, LLC, HackerOne, Inc., Rhino Security Labs, Inc., Indium Software, Inc., Vumetric, Inc., Offensive security Services, LLC, and Checkmarx Ltd.

Global Penetration Testing Market Segmentation

By Offering

  • Solution
  • Services

By Application

  • Web Applications
  • Mobile Applications
  • Network Infrastructure
  • Social Engineering
  • Cloud
  • Others

By Deployment Type

  • Cloud-based
  • On-premise

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

By End User

  • IT & Telecom
  • BFSI
  • Retail
  • Healthcare
  • Manufacturing
  • Education
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • IBM Corporation
  • Micro Focus International Plc
  • FireEye, Inc.
  • HelpSystems, LLC
  • HackerOne, Inc.
  • Rhino Security Labs, Inc.
  • Indium Software, Inc.
  • Vumetric, Inc.
  • Offensive security Services, LLC
  • Checkmarx Ltd.

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Related Reports:

North America Penetration Testing Market, Future Scope & Opportunities 2021-2027

Europe Penetration Testing Market, Size & Growth Forecast 2021-2027

Asia Pacific Penetration Testing Market, Size, Share & Industry Outlook to 2027

LAMEA Penetration Testing Market, Growth, Trends and Forecasts 2021-2027

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