San Francisco, California, May 09, 2018 – The global penetration testing market is anticipated to grow in popularity with the increasing need of complying with standard requirements and improving levels of cyberattacks. In a report by TMR Research, the market is closely studied with key focus on growth factors and segmentation. It is titled “Penetration Testing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
There are different types of testing services available in the market, viz. wireless, social engineering, mobile application, web application, and network penetration testing. However, according to experienced researchers, the market could witness the dominance of wireless penetration testing in the near future. Higher demand for wireless penetration testing services could be a result of rising number of wireless networks and connected devices that are highly venerable to threats.
Penetration testing services could be deployed in two or more ways, including cloud or on-premise. The global penetration testing market is foreseen to bank on the growing demand for cloud-based services due to their time-efficient and cost-effective features. Organizations that are concerned about cost and demand affordable solutions could increasingly demand cloud-based penetration testing during the completion of the forecast tenure. Web application penetration testing could also gain a whole lot of demand because of rising attacks on critical web applications of organizations. In terms of end-use industry, BFSI is predicted to rank higher in the market.
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Europe is prognosticated to tread upon the heels of North America in the coming years. In 2016, North America is said to have generated a whole lot of revenue owing to growing focus on innovations achieved on the part of technology and through research and development. Canada and the U.S. are expected to support the growth of the regional market in the near term. The escalating adoption of mobile and web-based business applications, however, could boost the rise of Asia Pacific in the market. In order to expand the scope of their offerings in the industry, players are envisioned to take to mergers and acquisitions as one of the key strategies.