What is Penetration Testing Software?
The global penetration testing software market is expected to grow at a slow pace during the forecast period, according to the AMA study. Significant rise in mobile-based business critical applications and increase in implementation of security measures are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is broken down by Type (Cloud Based and Web Based), by Application (Web Application, Mobile Application, Network Infrastructure, Social Engineering and Cloud) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Penetration Testing Software market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Acunetix (Malta), Cigital (United States), FireEye (United States), IBM (United States), ISECURION (India), Micro Focus (United Kingdom), Netsparker (United Kingdom), Pcysys (Israel), Qualys (United States), Rapid7 (United States), Raxis (United States), Rhino Security Labs (United States), Secureworks (United States), Trustwave Holdings (United States) and Veracode (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Penetration Testing Software market by Type, Application and Region.
On the basis of geography, the market of Penetration Testing Software 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). If we see Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Penetration Testing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Penetration Testing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Penetration Testing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Penetration Testing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In June 2019, Pcysys the developer of the PenTera Automated Penetration Testing platform announced the availability of version 3.0 enabling CISOs to validate their organizational network security daily
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
Market Trend
- Implementation of Artificial Intelligence in Penetration Testing Software
- Growth in Adoption of Cloud-based Penetration Testing
Market Drivers
- Significant Rise in Mobile-Based Business-Critical Applications
- Increase in Implementation of Security Measures
Opportunities
- Government Initiatives and Growing Focus of Enterprises for Digitization
Restraints
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
Challenges
- High Cost of Penetration Testing
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.