Government and Defense Segment is Expected to Dominate the Global Penetration Testing Market
The increasing number of cyber-attacks, coupled with
the growing need to meet compliance measures are the factors propelling the
market growth.
According
to TechSci Research report, “Global Penetration Testing Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Penetration Testing
is anticipated to project robust growth in the forecast period with a CAGR of
25.80% through 2028. The increasing number of cyber-attacks, coupled with the
growing need to meet compliance measures, is anticipated to be a growth driver
for the global penetration testing market during the forecast period.
The
increasing demand for the protection of software-based properties such as
mobile and web applications is anticipated to boost the growth of the global
penetration testing market. Additionally, the increasing use of cloud-based
security solutions is expected to fuel the demand for penetration testing.
This, in turn, is anticipated to foster the growth of the global penetration
testing market. Moreover, the increasing digitization in developing countries
is expected to increase the trend of Internet of Things (IoT)-based connected
devices. This, in turn, drives the demand for penetration testing.
The
growing internet activities globally, coupled with the increased security
compulsion, are driving the market growth of the global penetration testing
market during the forecast period.
Browse
over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global
Penetration Testing Market.”
Based
on End-user Vertical, Government and Defense will dominate the market, The
government and its agencies have the authority to access and manage large
amounts of sensitive citizen information. Further, with the advent of the
digital age, governments have leveraged online web portals and mobile
applications to enhance government procedures and processes. For instance, the
government of India has begun a digital movement, "Digital India,"
intending to digitize all government processes and payments.
Infrastructure
development is emerging as one of the priorities for governments, including
deploying public Wi-Fi and connected public transport. As a result, there is a
need for government organizations to secure the network and its applications to
protect the integrity of citizen information on a large scale. This has created
a greater vulnerability to sensitive data.
Further,
technologies, such as commercial off-the-shelf (COTS), are used by federal
governments to enable broad functional capabilities for government
applications. Since these solutions were developed for commercial purposes,
government systems are vulnerable to certain unique risks that must be
addressed.
Thus,
software vendors developing technology for the government have been pushed to
ensure security for static and dynamic applications through compliance measures
and mandates, such as the National Institute of Standards and Technology (NIST)
risk management framework (RMF) and the Department of Defense Information
Assurance Certification and Accreditation Process (DoD DIACAP). These mandates
demand that vendors guarantee testing services and verification of their
applications. The abovementioned factors are expected to propel the market's
growth studied over the forecast period.
Based
on Region, North America will dominate the market, The region is a technology
hub. Therefore, the Federal government has made stringent rules regarding
security testing services. Moreover, it is made compulsory for industries like
BFSI to adhere to compliance testing. According to International
Telecommunication Union (ITU), North America is the most proactive and
committed region regarding cyber security-based initiatives. The GCI score
given to the major countries (United States – 0.91 and Canada – 0.81) further
reinforces their commitment to building a robust cybersecurity framework and
enhanced security testing methodologies. Businesses in the region look forward
to installing penetration testing, security, and vulnerability management
solutions and have the best practices for regular business operations.
Moreover,
employees are accessing business networks and data using their devices that are
not adequately secure due to the growing trend of working from home (WFH),
which exposes exploitable weaknesses to cyberattacks. Additionally, many North
American companies have created and updated their current web- and mobile-based
apps due to the increased adoption of digital transformation to meet the
growing demand for customers to shop online, opening up possibilities for
cyberattacks. Companies across the region are anticipated to double down on
necessary security arrangements such as a layered defense with firewall,
filtered DNS, segmented networks, security clients, etc. However, employee
awareness and training might be the investment that brings the highest RoI for
companies.
Key
market players in the Global Penetration Testing Market are following: -
- ynopsys
Inc.
- Acunetix
Ltd.
- Checkmarx
Ltd.
- IBM
Corporation
- Rapid7,
Inc.
- FireEye
Inc.
- VERACODE
Inc,
- BreachLock
Inc.
- Broadcom
Inc. (Symantec Corporation)
- Clavax
Technologies LLC
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“The
global penetration testing market is primarily driven by the escalating
cybersecurity threats and vulnerabilities that organizations face. With a surge
in data breaches, ransomware attacks, and advanced cyber threats, businesses
and institutions are increasingly turning to penetration testing services to
proactively identify and address security weaknesses. Compliance requirements
and industry standards further fuel the demand for these assessments. The
growth of digital transformation, cloud adoption, and the Internet of Things
(IoT) expand the attack surface, necessitating security assessments. The
shortage of skilled cybersecurity professionals, cyber insurance requirements,
and heightened consumer awareness of data security also contribute to the market's
growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
Penetration
Testing Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Type
(Network Penetration Testing, Web Application Penetration Testing, Mobile
Application Penetration Testing, Social Engineering Penetration Testing,
Wireless Network Penetration Testing, and Other Types), Deployment (On-premises
and Cloud), End-user Vertical (Government & Defense, BFSI, IT and Telecom,
Healthcare, and Retail), By Region, By Competition 2018-2028 has evaluated the future growth potential
of Global Penetration Testing Market and provides statistics and information on
market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities
present in the Global Penetration Testing Market.
Contact
Techsci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
Tel:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com