October 16, 2019 by dheeraj Pawar
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 50 market data Tables and 49 Figures spread through 144 Pages and in-depth TOC on "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"
Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13422019
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).
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.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com