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.
The popularity of cloud computing products and services is rising, and data breaches are happening more frequently, which is driving the growth of the global penetration testing market.
Because cloud-based services are relatively less expensive and don’t require the construction of specialised IT infrastructure, their use is expanding quickly around the world. Penetration testing is predicted to rise rapidly in the coming years due to the rising use of cloud-based solutions and services for numerous workloads, including email services, data backups, CRM, and collaborative applications. Software vulnerabilities increase as a result of cloud deployment, which also makes it more accessible 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
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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