Global Penetration Testing Market to Grow at 14% CAGR through 2027, North America to be the Largest Market

ALBANY, USA, 2018-May-16 — /EPR Network/ —A new research study titled, “Penetration Testing Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the market intelligence study, the global penetration testing market is likely to grow at a CAGR of nearly 14% during the assessment period 2017-2027.

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The insightful report begins with an executive summary focusing on providing key information such as market share. The next section of market overview comprises on basic information and includes introduction to the market in terms of market definition and market taxonomy. This section also provides details on market size from 2012 to 2016 and market forecast from 2017 to 2027 along with year-on-year growth.

The research study offers in-depth analysis and insights on the key factors that are driving the growth of the penetration testing market. According to the report, growing demand for 4G and 5G is driving the adoption of penetration testing solutions. The adoption of penetration testing services is witnessing a steady growth, especially in the healthcare, BFSI, and agriculture industry.

According to the report, as the integration of IoT, penetration testing vendors are likely to witness a spate of growth opportunities. The focus on making it easier for end-users to test software and solutions in a seamless manner is likely to boost integration of penetration testing. These factors are likely to provide impetus to the market during the forecast period.

The market is divided regionally into key regions which are North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan, Middle East and Africa. According to the report, North America region is expected to lead the global public cloud application services market in value.

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According to the report, in addition to North America, Asia Pacific is also likely to provide an impetus to growth during the assessment period. The key countries in Asia Pacific, such as China and India are steadily moving towards integration of new technologies, which is likely to foster the growth of the market during the assessment period.

The research study also offers in-depth insights on the key players in the market. According to the research study, the key players in the market include Microfocus, IBM Corporation, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Rapid7, Inc., Whitehat Security, Secure Works Inc., Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Acunetix, Contrast Security, and Paladion Network Private Limited

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