Over the course of the forecast period, the BFSI segment is anticipated to be the most alluring in terms of value in the worldwide penetration testing market. In 2017, this market will probably be worth more than US$ 95 Mn. With a market cap of more than US$ 85 Mn in 2016, the BFSI segment dominated the market. It is anticipated that this trend would continue during the projected period as well. The category is anticipated to surpass US$ 370 Mn in 2027, helping to fuel the expansion of the worldwide penetration testing market.
The global penetration testing market is expanding as a result of the rising demand for cloud computing goods and services and the increasing frequency of data breaches.
The use of cloud-based services is growing swiftly around the world due to their relative affordability and lack of need for specialised IT infrastructure. Due to the growing use of cloud-based solutions and services for many workloads, including email services, data backups, CRM, and collaborative apps, penetration testing is expected to increase significantly in the future years. Deploying software to the cloud results in increased software vulnerabilities and increases the accessibility of the software to unauthorised users.
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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.
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Market Taxonomy
Type
- Network Penetration Testing
- Web Application Penetration Testing
- Mobile Application Penetration Testing
- Social Engineering Penetration Testing
- Cloud Infrastructure Penetration Testing
Component
- Software
- Pen-test Services (Consulting and Software-as-a-Service)
Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Vertical
- BFSI
- Healthcare and Life Sciences
- Consumer Goods and Retail
- Automotive
- IT and Telecommunication
- Media and Entertainment
- Government
- Others
Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- APEJ
- Japan
- MEA
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Table of Content
- Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
- Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Market Snapshot
- Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Key Regulations
- Global Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
4.3. Value Chain
4.4. Challenges
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