The growing need for better cyber-security against data theft and the rise in digitalization is driving the market demand | Estimated Reach USD 23.56 Billion By 2027

Vulnerability Assessment and Penetration Testing Market

Reports and Data has published a new report on global Vulnerability Assessment and Penetration Testing Market to offer comprehensive analysis of current and emerging market trends along with key developments in the industry to help user, reader and investors understand the market scenario precisely. The global Vulnerability Assessment and Penetration Testing market is forecasted to grow at a rate of 7.5% from USD 13.34 billion in 2019 to USD 23.56 billion in 2027 The report offers in-depth information about market revenue growth, market size, drivers, restraints, growth opportunities and limitations.  

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Market Overview:

The information and communication technology sector is rapidly gaining traction owing to increasing concerns about data security, rapid advancements in ICT sector and high demand of advanced services and devices. Over the recent years, there has been rising concerns about data breaching in hospitals, corporates, multinational companies and various industries. Revenue growth of the global market is significantly driven by increasing adoption of digitalization, high penetration of internet and smart devices and advanced technologies such as internet of things (IoT) and Artificial Intelligence. In addition, extensive use of ICT in several sections such as healthcare and hospital, agriculture, financial services among others, rising demand for cloud computing services for handling large data and rising investments in research and development activities are expected to fuel market growth.

Competitive Landscape:

The global Vulnerability Assessment and Penetration Testing Market is extremely competitive and comprise various global and regional players. These market players are adopting various strategies such as mergers and acquisitions, collaborations, partnerships joint ventures, collaborations, and research and development investments to strengthen their market position and expand their product base. Some of the key companies operating in the global Vulnerability Assessment and Penetration Testing Market include: IBM, Qualys, AT&T, Rapid7, Micro Focus, McAfee, Acunetix, Netsparker, Rhino Security Labs, and Tripwire and Others.

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Global Vulnerability Assessment and Penetration Testing Market segmentation:

Component Outlook (Revenue, USD Billion; 2017-2027)

  • Solutions
  • Services

Deployment Outlook (Revenue, USD Billion; 2017-2027)

  • On-Premises
  • Cloud

Organization Size Outlook (Revenue, USD Billion; 2017-2027)

  • Small and Medium-Sized Enterprises
  • Large Enterprises

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Penetrating Testing
    • Mobile Application
    • Web Application
    • Network Infrastructure
    • Cloud
    • Social Engineering
    • Others
  • Vulnerability Assessment
    • API Vulnerabilities
    • Content Management System Vulnerabilities
    • Internet of Things (IoT) Vulnerabilities
    • Others

Vertical Outlook (Revenue, USD Billion; 2017-2027)

  • BFSI
  • IT
  • Healthcare
  • Retail and e-commerce
  • Telecom
  • Education
  • Others

 Regional Outlook:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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Key objectives of the report:

·         Details about revenue growth, market size, drivers, opportunities, constraints

·         Historical and forecast revenue of the key segments, products, applications and detailed analysis of the regions in the market

·         Production capacity, revenue, pricing structure, market share, and CAGR.

·         To offer insights about current market position, forecast estimation, competitive landscape and research and development activities

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