Penetration Testing Market: Opportunities and Forecast Assessment, 2020–2027

According to the latest report by GMI Research, Penetration Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The global penetration testing market examines the impact of the COVID-19 pandemic and represents that the market will experience a slow down in 2020, and will accelerate in 2021, growing at a significant growth rate from 2022 onwards. A penetration test refers to an attempt to gauge the security of IT infrastructure by safely trying to utilize vulnerabilities. These vulnerabilities might exist in application flaws, services, risky end-user behavior, operating systems, or improper configurations. These tests are performed using manual or automated technologies to systematically compromise web applications, servers, network devices, mobile devices, wireless networks, endpoints, and other potential points of exposure.
Competitive Landscape: The global penetration testing market report also scans the competitive landscape and profiles the major players operating in the market, including Core Security Technologies,  Netsparker, IBM Corporation, Cigital Inc, Context Information Security, PortSwigger Web Security, FireEye, Micro Focus International Plc, Secureworks Inc (Dell), and Qualys Inc.
The significant factors contributing to the growth of the global Penetration Testing market include the drastic rise in mobile-based business-critical applications, accelerating implementation of security measures, and increasing adoption of cloud computing solution and services across the globe. Businesses around the world have started adopting cloud computing solutions, as it is a cost-effective solution. The increasing usage of cloud-based solutions and services, including data backups, e-mail services, CRM, and collaboration services for workload penetration, is creating innumerable growth opportunities in the Penetration Testing Market.
Simultaneously, most of the hacking groups target large corporations that contribute towards the increasing awareness of cyber threats, as effects of the data breach on the company’s brand and customer loyalty results in revenue loss. Due to this, various organizations are deploying cybersecurity solutions such as intrusion detection, firewalls, and penetration testing to secure workloads on the cloud without risk of cyber threats. All these factors are further responsible for expanding the Penetration testing market size.
For further information on these analyses, please visit: https://www.gmiresearch.com/report/penetration-testing-market/
Market Segments:
Breakup by Component:
  • Solutions
  • Services
Breakup by Application Area:
  • Web application
  • Mobile application
  • Network infrastructure
  • Social Engineering
  • Cloud
  • Others (Embedded and IoT)
Breakup by Deployment Mode:
  • Cloud
  • On-premises
Breakup by Organization Size:
  • Large enterprises
  • Small and Medium-sized Enterprises (SMEs)
Breakup by Industry
  • Banking, Financial Services and Insurance (BFSI)
  • Healthcare
  • Information Technology (IT)
  • Telecom
  • Retail and eCommerce
  • Education
  • Others (transportation, energy, and social media)
Breakup by Region:
  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.
Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.
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