Published Date: 26-Sep-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
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.
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.
By Deployment Type
By Enterprise Size
By End User
Unique Offerings from KBV Research