DUBLIN, September 8, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Penetration Testing Market by Testing Service, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021" report to their offering.
The penetration testing market size is expected 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% during the forecast period. The major growth drivers of the market include the increased sophistication level in attacking techniques, and the need to meet compliance requirements.
Organizations are rapidly deploying penetration testing services either on-premises or on cloud. The demand for cloud-based penetration testing services is increasing due to the cost-effective and time-efficient features of cloud; its growth is specifically high in enterprises, where low cost solutions are much required.
This is mainly because in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from research and development and technology. The APAC region is expected to be the fastest growing region in the penetration testing market. The growth in this region is primarily driven by the growing adoption of web- and mobile-based business applications.
The penetration testing market faces challenges such as high cost and complexity. Moreover, factors such as lack of awareness about risks associated with cyber-attacks limit the market growth.
- Cigital, Inc.
- Hewlett Packard Enterprise (HPE)
- International Business Machines (IBM) Corporation
- Portswigger Ltd.
- Qualys, Inc.
- Rapid7, Inc.
- Synopsys, Inc.
- Trustwave Holdings, Inc.
- Whitehat Security
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Penetration Testing Market Overview
6 Penetration Testing Market: Industry Trends
7 Penetration Testing Market Analysis, By Testing Services
8 Penetration Testing Market Analysis, By Deployment Mode
9 Penetration Testing Market Analysis, By Organization Size
10 Penetration Testing Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
14 Key Innovators
For more information about this report visit http://www.researchandmarkets.com/research/583gw3/penetration
Related Topics: IT Security
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-penetration-testing-market-worth-17243-million-by-2021---increased-sophistication-level-in-attacking-technique---research-and-markets-300324902.html
SOURCE Research and Markets