Penetration Testing Market Scope
Penetration testing is a sort of security testing that is used to test the insecurity of an application. It is accompanied to find the security risk which might be present in the system. If a system is not protected, then an attacker can disrupt or take authorized access to that system. The security risk is normally an accidental error that occurs while developing and implementing the software such as configuration errors, design errors, and software bugs, etc. Penetration testing usually evaluates a system’s ability to protect its networks, applications, endpoints, and users from external or internal threats. It also efforts to protect the security controls and ensures only authorized access. Penetration testing is beneficial in numerous applications, and it offers enhancement of management system, avoid fines, protection from financial damage, and provides customer protection.
According to AMA, the Global Penetration Testing market is expected to see growth rate of 24.0%Some of the major companies are enhancing their research and technology in order to stand in the most secure service provider. Most of the companies are growing their geographic presence in other regions in order to gain a leading market share. The market is highly competitive owing to rapid technological advancements within the industry. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Penetration Testing market throughout the predicted period.
Hewlett Packard Enterprise (United States), IBM Corporation (United States), Rapid7, Inc. (United States), Qualys, Inc. (United States), Veracode (United States), Trustwave Holdings, Inc. (United States), Acunetix (Malta), Cigital, Inc. (United States), WhiteHat Security (United States) and Checkmarx (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Secarma Limited (United Kingdom), Core Security Technologies, Inc. (United States), Offsec Services Ltd. (Gibraltar), Canaudit Inc. (United States) and Redspin, Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Penetration Testing market , by Application (Government and defense, Banking, Financial Services, and Insurance (BFSI), IT and telecom, Healthcare, Retail and Others) and Region with country level break-up.
On the basis of geography, the market of Penetration Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Now a Days People Have Become So Comfortable With the Internet That They Are Willing To Share Their Information with Unknown Individuals and Websites around the World
Market Growth Drivers:
Need for Protection from Various Sophisticated Cyber Attacks, Increasing Number of Mobile Users and Applications and Need to Meet Compliance Requirements
Challenges:
Lack of Application Security Expertise
Restraints:
Lack of Interest in Running Full Penetration Testing Operations
Opportunities:
Benefits of Incorporating Security Methods during the Application Development Phase and Evolution of Internet of Things (IOT)
Recently, IBM security has opened X-Force Red Labs, a network of four secure testing facilities globally. These testing facilities dedicated to testing security devices and systems including automotive equipment, consumer and industrial IoT technologies, and Automated Teller Machines (ATMs). BM X-Force Red has emerged as the industry's premier security testing team and has experienced tremendous growth. The team has grown its penetration testing client base by over 170 percent in 2017.
Key Target Audience
Penetration testing tool providers, Penetration testing service providers, Network solution providers, Network administrators, Application developers, System integrators, Resellers, Managed service providers and Cybersecurity consulting firms
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.