Penetration Testing Market Revenues to expand 1,724.3 Million USD by 2021
According to a new market research
report "Penetration Testing Market by Testing Service
(Network, Web, Mobile, Social Engineering, Wireless, Embedded Devices and
Industrial Control System), Deployment Mode (Cloud and On-Premises),
Organization Size, Vertical, and Region - Global Forecast to 2021", The
penetration testing market is estimated to grow from USD 594.7 Million in 2016
to USD 1,724.3 Million by 2021, at a Compound Annual Growth Rate (CAGR) of
23.7%.
The major
forces driving the penetration testing market are the need for protection from
various cyber-attacks and increasing number of mobile users and applications.
The penetration testing market is growing rapidly because of the growing security
needs of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends and
increased deployment of web & cloud-based business applications.
Browse and in-depth TOC on
“Penetration Testing Market”
50 - Tables
49 - Figures
144 – Pages
Wireless penetration testing to grow at
the highest CAGR from 2016 to 2021
Penetration
testing services are used to secure wireless infrastructures and the devices
connected through it. The emerging IoT and BYOD trends and connected number of
devices and applications are susceptible to vulnerabilities and Advanced
Persistent Threats (APTs). Wireless penetration testing is expected to witness
the highest CAGR in the global penetration testing market during the period
2016–2021. North America is expected to account for the largest market share in
2016, due to the presence of a number of security vendors in the region.
Government & defense vertical to
have the largest market size in 2016
The
penetration testing market is also segmented by various industry verticals; out
of which, the adoption of penetration testing services is expected to be the
highest in the government and defense vertical as the critical data and
applications used by the vertical are prone to advanced threats. Moreover,
BFSI, retail, and IT & telecom verticals are expected to gain traction
during the forecast period.
North America is expected to dominate
the penetration testing market in 2016
North America
is expected to hold the largest share of the penetration testing market in 2016
due to the technological advancements and early adoption of penetration testing
in the region. The market in APAC is expected to grow at the highest CAGR
between 2016 and 2021. The major driving forces for this growth are increasing
technological adoption and huge opportunities across industry verticals in APAC
countries, especially India and China.
The report
also encompasses different strategies, such as mergers & acquisitions,
partnerships & collaborations, business expansions, and product
developments, adopted by major players to increase their market share. Some of
the major technology vendors include Hewlett Packard Enterprise (U.S.), IBM
Corporation (U.S.), Rapid7, Inc. (U.S.), Qualys, Inc. (U.S.), Veracode (U.S.),
Trustwave Holdings, Inc. (U.S.), Acunetix (Malta), Cigital, Inc. (U.S.),
WhiteHat Security (U.S.), and Checkmarx (Israel).
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their pain points around
revenues decisions.
Our 850
fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth
markets following the "Growth Engagement Model – GEM". The GEM aims
at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators, and
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform, "Knowledge
Store" connects over 200,000 markets and entire value chains for deeper
understanding of the unmet insights along with market sizing and forecasts of
niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Content Source: https://www.marketsandmarkets.com/Market-Reports/penetration-testing-market-13422019.html
Comments
Post a Comment