Penetration Testing Market

An Incisive, In-depth Analysis on the Penetration Testing Market

This study offers a comprehensive, 360 degree analysis on the Penetration Testing market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Penetration Testing market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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The BFSI segment is expected to exhibit a high market attractiveness index over the forecast period

In terms of value, the BFSI segment is projected to be the most attractive segment in the global penetration testing market over the forecast period. This segment is likely to be valued at more than US$ 95 Mn in 2017. In 2016, the BFSI segment was the dominant segment, valued at more than US$ 85 Mn, and is expected to remain dominant in terms of revenue throughout the forecast period. In 2027, the segment is expected to cross US$ 370 Mn, contributing to the growth of the global penetration testing market.

Increasing adoption of cloud computing solutions and services and increasing number of data breaches to fuel the growth of the global penetration testing market

The usage of cloud computing solutions is increasing rapidly across the globe, as the cost of cloud-based services is comparatively cheaper, and does not require the setting up of dedicated IT infrastructure. The increasing usage of cloud-based solutions and services for multiple workloads such as email services, data backups, CRM, and collaboration services is expected to drive the growth of the penetration testing market in the near future. Cloud deployment increases the vulnerabilities in software, and makes it easily accessible for unauthorised users. Highly publicised data breaches involving large corporations targeted by hacking groups have contributed to raising the awareness of cyber threats, as the effects of data breach on a company’s brand and customer loyalty can result in the loss of future revenue. Due to this, many organisations are shifting towards the adoption of cyber security solutions such as penetration testing, intrusion detection systems, and firewalls, to secure their workloads on the cloud without the risks of cyber threats.

Social media is one of the world’s fastest growing phenomena, with most individuals and businesses now having some form of presence on various social media platforms, including Facebook, Twitter, and LinkedIn. With the help of such sites, business-critical information can now enter the public domain faster than ever. Thus, to handle social media efficiently, various organisations around the globe are improving security processes to harness the power of these platforms while minimising risks, by implementing comprehensive cyber security solutions to enhance performance and produce security intelligence.

Healthcare organisations are required to upgrade their IT infrastructure to facilitate the shift to IoT in order to keep up with the increasing adoption of connected medical devices. This technological advancement enables efficient management and security measures of information and data in the healthcare sector for patients and service providers. At the same time, the adoption of connected devices opens up avenues and loopholes for hackers to steal data, such as patient records, and disrupt the services being offered by healthcare service providers. As a result of such cyber threats, healthcare organisations adopting connected medical devices also prefer to implement cyber security solutions.

Global Penetration Testing Market: Key Regulations

Australia: Mandatory to report data breaches

A law passed in February 2017 by the government of Australia makes it mandatory for organisations to report data breaches. The law also directs organisations to have response strategies in place in case of data breach incidents.

Japan: Cyber security basic act

In January 2015, the cyber security basic act was passed to comprehensively plan roles and responsibilities of the government in providing national security. This act encourages infrastructure providers as well as educational and research institutions to implement appropriate security measures to protect their critical data from security threats.

UAE: Implementation of cyber security laws

Laws in UAE have penalised any act that results in suspending, disabling or destroying a network, causing partial or complete loss of data. The law also has provisions to penalise anyone who is convicted of obstructing access to computer networks or of using their knowledge of cyber technologies for any sort of criminal activity.

Singapore: Computer misuse and cyber security act

In April 2017 Singapore made changes to its computer misuse and cyber security act to criminalise the act of using and trading data with a criminal intent.

“Penetration Testing Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” offers insights on the various factors driving the popularity of penetration testing software solutions in seven regions across the globe. The report includes an extensive analysis of key industry drivers, restraints, market trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on type, component, enterprise size, vertical and region. Impact analysis of key growth drivers and restraints based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights. While analysing the data the analysts have not only considered the historical trend examination but also statistical analysis and government support analysis have been taken into consideration.

Major countries’ GDP analysis has been included in this report. By value and the development of software solution, the global penetration testing market report provides data on the global software development of penetration testing along with capacity utilisation and pricing structure across the different regional markets around the globe. The report quantifies the market value and market volume share of various segments of the global penetration testing market across the studied regional markets, thereby performing a comprehensive software development analysis of the global penetration testing market across all levels.

In-depth assessment of capabilities and detailed profiles of key competitors are included in the scope of the report

This newly published report includes a section on the competitive landscape to provide clients with a dashboard view, based on categories of the providers in the value chain, presence in penetration testing portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the penetration testing supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global penetration testing market.

Macro-economic indicators such as GDP, wholesale and retail trade, merchandise trade, and prices have been considered to arrive at the indicated market numbers. The scope of this report is limited to network penetration testing, mobile application, social engineering and cloud infrastructure penetration testing, and other software solutions.

Economic fluctuations has been considered while forecasting market numbers
Top-down approach has been used to assess market numbers for each product category
Bottom-up approach has been used to counter-validate the reached numbers and end-use application-wise market numbers

Market Taxonomy

Type	Component	Enterprise Size	Vertical	Region
Network Penetration Testing Web Application Penetration Testing Mobile Application Penetration Testing Social Engineering Penetration Testing Cloud Infrastructure Penetration Testing	Software Pen-test Services (Consulting and Software-as-a-Service)	Small and Medium Enterprises Large Enterprises	BFSI Healthcare and Life Sciences Consumer Goods and Retail Automotive IT and Telecommunication Media and Entertainment Government Others	North America Latin America Eastern Europe Western Europe APEJ Japan MEA

Report Methodology

Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of penetration testing software products is deduced on the basis of average spending for the development of the particular type of system and its product with the average length of systems.

For forecasting the global penetration testing market revenue, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. In the compilation of the report, the forecasts are conducted in terms of CAGR, while other important criteria such as year-on-year growth and incremental dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities as far as the global penetration testing market is concerned.