Penetration Testing Market Overview:
Globally, the penetration testing market is expected to have significant growth over the forecast period. This is due to increasing need to fulfill the compliance requirements which is one of the driving factors for the growth of the penetration testing market.
The penetration testing market is differentiated by type, component, deployment, organization size, and end-user.
By component, the Penetration Testing Market is sub-segmented as services and testing solutions. By services, the market is sub-segmented into professional services and managed services. The professional services are further segregated into consulting services, implementing & integrating services, and training services. The testing solutions are segregated as network penetration testing, web application penetration testing, mobile application penetration testing, social engineering, wireless penetration testing, and others.
By organization type, the market is segregated into large enterprise and small & medium enterprise.
Additionally, by type, the market is classified external testing, blind testing, internal testing, and double blind testing.
Furthermore, on the basis of deployment, the market is sub-divided into on-cloud and on-premises. Additionally, on the basis of organization size, the market is classified as small and medium enterprises and large enterprises.
By end-user, the market is sub-divided into IT & telecom, BFSI, manufacturing, energy & power, healthcare, media & entertainment, and others.

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Major Key Players:
The main players in the global penetration testing market include Context Information Security (U.S.), Veracode (U.S.), Qualys, Inc. (U.S.), Checkmarx (Israel), Acunetix (Malta), Redteam Security Consulting (U.S.), First eye Inc. (U.S.), Trustwave Holdings, Inc. (U.S.), WhiteHat Security (U.S.), Core Security SDI Corporation (U.S.), Cigital, Inc. (U.S.), Rapid7, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), and IBM Corporation (U.S.).

Segmental Analysis:
The global penetration testing market has been segmented based on type, component, deployment, organization size, and end-user. By type, the global penetration testing market has been segmented into external testing, blind testing, internal testing, and double-blind testing. By component, the global penetration testing market has been segmented into services and testing solutions. The services segment has been additionally segmented into professional services and managed services.

The professional services sub-segment has been additionally segmented into consulting services, implementing & integrating services, and training services. The testing solutions segment has been further segmented into network penetration testing, web application penetration testing, mobile application penetration testing, social engineering, wireless penetration testing, and others. By deployment, the global penetration testing market has been segmented into on-cloud and on-premises. By organization size, the global penetration testing market has been segmented into small & medium enterprises and large enterprises. By end user, the penetration testing market has been segmented into IT & telecom, BFSI, manufacturing, energy & power, healthcare, media & entertainment, and others.

Detailed Regional Analysis:
By region, the global penetration testing software market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW). North America is domineering the global penetration testing market due to the concentration of major IT giants such as IBM Corporation, Oracle Corporation, and others in the region. The high incidence rate of cybersecurity in the region is a key market driver. Europe too is a significant market driven by high adoption of cloud services in the region.

APAC is slated to showcase relatively faster growth on account of expanding IT sector in the region. The developing countries of the region have witnessed a considerable rise in the number of SMEs who are investing heavily on their security infrastructure. India, Japan, South Korea, and China are the country-specific markets within the APAC market.

Competitive Analysis:
The market shows an intensified growth pace due to the constructive influence exerted by the market forces from both internally and externally. The accretive nature of a few of the assets in the market is projected to increase the progress capability of the market. Moreover, the alliances being created in the market are projected to additionally encourage the development of the market in the approaching years.

The players are staunchly taking on the obstacles to progress and are building strategies that are expected to lead to a useful effect on the market's progress. Specific areas in the market are projected to accomplish an absolute lead in the market place owing to improved strategies. The absorbed costs in the market are effortlessly dealt with, unlocking more room for expansion in the market. The promotional and miscellaneous expenses are upgraded chiefly due to the advancement of the market.

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Industry Updates:
March 2019 Secure Decisions, a cybersecurity-focused division of Applied Visions, Inc., released its new application penetration testing technology, the Attack Surface Detector (ASD). The company will be demonstrating its new software at the 2019 S&T Cybersecurity and Innovation Showcase, March 2019. The funding for technology has been provided by DHS S&T.

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