The Penetration Testing Market size was valued at US$ 1.51 billion in 2022 and is projected to reach US$ 4.13 billion in 2030 with a growing CAGR of 13.42% Over the Forecast Period 2023-2030.
Penetration testing, a cybersecurity protection technique, aims to deceive attackers by scattering traps and dummy assets across a system's infrastructure to replicate genuine assets. Moreover, it assists in detecting vulnerabilities in frontend/backend servers, unsensitized inputs susceptible to code injection attacks, and other application systems. The market is expanding due to a number of variables. One such factor is the presence of strict regulations and compliances that require organizations to regularly conduct penetration testing. This practice helps ensure the security of their systems and networks. Additionally, the increasing sophistication of cyberattacks has led to significant financial and reputational losses for businesses. This has further emphasized the need for effective penetration testing to identify vulnerabilities and prevent potential breaches. the widespread use of smartphones and the internet has resulted in a surge in mobile-based business-critical applications. As a result, organizations are increasingly relying on penetration testing to safeguard these applications and protect sensitive data from potential threats.
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Drivers
Increasingly sophisticated hacks that cause corporations to lose money and reputation
The demand for penetration testing is growing as more people utilize secured web applications, increasing the risk of cyberattacks and the prevalence of cybercrime across practically all sectors of the economy.
Cyberattacks have considerably expanded in frequency and sophistication over the past few years. Despite the fact that 97.5% of cyberattacks rely on social engineering, hackers are using technology like AI, ML, and analytics to make their attacks more sophisticated. Even when such sophisticated attacks are discovered, the process of recovery becomes significantly prolonged. Shockingly, according to a report by Retarus, a staggering 76.2% of organizations lack a well-defined incident response plan. Furthermore, an alarming 93.1% of healthcare businesses have reported experiencing at least one security breach within the past three years., and nearly 80% of senior IT personnel and security leaders say their organizations are not effectively safeguarded against cyberattacks. These figures demonstrate how poorly prepared corporations are for cyberattacks, opening up new opportunities for them. Cybercriminals are selling data, including login credentials, on the dark web in an effort to make a profit. These data are then bought and utilized by other cybercriminals to launch cyberattacks. Additionally, a number of hacking groups and state-sponsored actors carry out cyberattacks for commercial or political motivations. The price of a data breach is rising as a result of these sophisticated cyberattacks. An organization's reputation is also impacted when there are cyberattacks on it. Preventing cyberattacks is essential to avoid such losses, which is boosting the demand for penetration testing across all sizes of enterprises.
Restrains
The price of performing a penetration test
Smaller businesses are using fewer penetration testing solutions, which is limiting market expansion.
The cost of excellent penetration testing varies according to the size, scope, complexity, testing method, tester experience, and remediation costs of the firm. All businesses are unable to pay these costs, thus many ends up conducting testing less frequently than is necessary. For instance, SMEs with limited cybersecurity resources may decide to perform penetration tests annually or every two years, despite the law's requirement that they be done every two years. Therefore, the cost of performing penetration testing can prevent the market from growing.
Opportunities
Growing acceptance of PTaaS and security evaluation for remote workers
The expansion of data centers has witnessed significant growth in recent years.
Challenges
Insufficiently qualified security personnel
Numerous Tools Used by the Pentester
During times of geopolitical tension and conflict, there is often an increase in cyberattacks and hacking activities. These attacks can target various sectors, including governments, corporations, and critical infrastructure. As a result, organizations may see a heightened need for penetration testing services to identify vulnerabilities and secure their systems against potential cyber threats.
The Russia-Ukraine conflict could increase awareness about the importance of cybersecurity and the potential risks associated with cyber warfare. This increased awareness could lead to a greater demand for penetration testing services as organizations seek to bolster their defenses against cyberattacks. Governments might respond to increased cyber threats by introducing new regulations or standards related to cybersecurity. Organizations may be required to undergo regular penetration testing to ensure compliance with these regulations, which could drive up the demand for such services. If the conflict leads to economic disruptions or uncertainty, organizations might reassess their budgets and spending priorities. This could affect the willingness of businesses to invest in non-essential services like penetration testing, leading to a potential decrease in demand. Geopolitical conflicts can lead to market uncertainty and fluctuations. Businesses might delay or reduce spending on various services, including cybersecurity until there is more stability in the global landscape.
Impact of Recession
Economic uncertainty during a recession might lead to a slowdown in new projects and innovations. As a result, there could be a decrease in the deployment of new systems, applications, and technologies that would require penetration testing before going live. This reduction in new projects could directly affect the demand for penetration testing services. If companies have to scale back on their cybersecurity investments, they might not be able to address all vulnerabilities identified during penetration testing. This could lead to an increased risk of data breaches and cyberattacks, as hackers might exploit these unaddressed vulnerabilities. Penetration testing firms might need to adapt their service offerings to cater to the changing needs of clients. For instance, instead of comprehensive testing for all systems, they might focus on high-priority applications or critical infrastructure. Additionally, they might introduce more cost-effective testing solutions to appeal to budget-conscious clients. The rise of remote work due to the pandemic has underscored the importance of securing remote access and communication tools. Even during a recession, organizations might need to invest in penetration testing to ensure the security of remote work setups. Economic downturns can sometimes lead to an increase in cybercrime as attackers exploit vulnerabilities during times of uncertainty. This could indirectly lead to an increased demand for penetration testing services as organizations seek to bolster their defenses.
By Component
Solution
Services
By Organization Size
Large Enterprise
Small and Medium Enterprise
By Deployment Mode
On-Premise
Cloud
By Testing Type
Network Penetration Testing
Application Penetration Testing
Social Engineering Tests
Cloud Penetration Testing
Others
By Industry Vertical
BFSI
Manufacturing
Healthcare
Government and Defense
Energy and Utilities
Retail and E-commerce
IT and Telecom
Others
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Organizations in North America have the greatest business practices for their everyday operations and are incredibly advanced in establishing security, penetration testing, and vulnerability management solutions. resulting in the region's increased use of penetration testing tools Increasing security concerns, the need for regulatory compliance, and the development of cyberattacks are some of the other major factors influencing the increase in demand. Leading contributors to the North American penetration testing market are the two countries with the strongest economies in the region the US and Canada.
In terms of market shares for penetration testing globally in 2020, the APAC region trailed behind North America. This can be ascribed to the different security measures put in place by businesses in response to the region's frequent malware attacks. For instance, security researchers discovered in November 2020 that a common security application used by South Korean banks and government organizations had been breached through a supply chain attack. In a similar vein, an Indonesian fintech company disclosed in October 2020 that the data of over 3 million individuals had been compromised and sold on a hacker forum. The penetration testing of websites and applications in this area was greatly regulated as a result of these attacks. Additionally, the European Central Bank experienced a network flaw that rendered their system unusable for more than 10 hours. The development of the penetration testing market in the European region is anticipated to be impacted by these flaws.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The major players are Breachlock Inc., Astra Security, Isecurion, NetSPI LLC, Rapid 7, Vumetric Cybersecurity, CovertSwarm, SecurityMetrics, PortSwigger Ltd, Nowsecure, Vairav Technology, Cisco Systems, Inc., Rebot Security, Netragard, Cigniti Technology Ltd., Bugcrowd, Synopsys, TrustWave Holdings, Inc., and others.
Synopsys purchased Whitehat Security in June 2022. WhiteHat security gives Synopsys considerable SaaS capabilities in addition to industry-leading Dynamic Application Security Testing (DAST) technologies, bolstering one of the most complete application security testing portfolios available in the market.
Invicti's relationship with Tech Data will bring security and development teams together in March 2022 to guarantee the security of businesses' online apps and the confidentiality of customer and corporate data. The partnership with Invicti targets the expanding demand for application security and vulnerability detection among resellers and enterprise, SME, and SMB clients.
Bugcrowd announced that its products are now offered on the AWS Marketplace in December 2021. Clients benefit from quick access, simplified pricing, quick deployment, and simplified licensing administration. The Pen Testing-as-a-Service, Bug Bounty, and Vulnerability Disclosure Solutions provided by the Bugcrowd platform are now available to users of the AWS Marketplace.
| Report Attributes | Details |
| Market Size in 2022 | US$ 1.51 Bn |
| Market Size by 2030 | US$ 4.13 Bn |
| CAGR | CAGR of 13.42 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solution, Services) • By Organization Size (Large Enterprise, Small and Medium Enterprise) • By Deployment Mode (On-Premise, Cloud) • By Testing Type (Network Penetration Testing, Application Penetration Testing, Social Engineering Tests, Cloud Penetration Testing, Others) • By Industry Vertical (BFSI, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Retail and E-commerce, IT and Telecom, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Breachlock Inc., Astra Security, Isecurion, NetSPI LLC, Rapid 7, Vumetric Cybersecurity, CovertSwarm, SecurityMetrics, PortSwigger Ltd, Nowsecure, Vairav Technology, Cisco Systems, Inc., Rebot Security, Netragard, Cigniti Technology Ltd., Bugcrowd, Synopsys, TrustWave Holdings, Inc. |
| Key Drivers | • Increasingly sophisticated hacks that cause corporations to lose money and reputation • The demand for penetration testing is growing as more people utilize secured web applications, increasing the risk of cyberattacks and the prevalence of cybercrime across practically all sectors of the economy. |
| Market Restraints | • The price of performing a penetration test • Smaller businesses are using fewer penetration testing solutions, which is limiting market expansion. |
Ans: The Penetration Testing Market is to grow at a CAGR of 13.42% Over the Forecast Period 2023-2030.
Ans: The Penetration Testing Market size was valued at USD 1.51 billion in 2022.
Ans: North American region will continue to dominate the Penetration Testing Market
Ans: Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.
Ans.
• The price of performing a penetration test
• Smaller businesses are using fewer penetration testing solutions, which is limiting market expansion.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Penetration Testing Market Segmentation, By Component
8.1 Solution
8.2 Services
9. Penetration Testing Market Segmentation, By Organization Size
9.1 Large Enterprises
9.2 Small and medium-sized enterprises (SMEs)
10. Penetration Testing Market Segmentation, By Deployment Mode
10.1 On-Premise
10.2 Cloud
11. Penetration Testing Market Segmentation, By Testing Type
11.1 Network Penetration Testing
11.2 Application Penetration Testing
11.3 Social Engineering Tests
11.4 Cloud Penetration Testing
11.5 Others
12. Penetration Testing Market Segmentation, By Industry Vertical
12.1 BFSI
12.2 Manufacturing
12.3 Healthcare
12.4 Government and Defense
12.5 Energy and Utilities
12.6 Retail and E-commerce
12.7 IT and Telecom
12.8 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Penetration Testing Market By Country
13.2.2 North America Penetration Testing Market by Component
13.2.3 North America Penetration Testing Market By Organization Size
13.2.4 North America Penetration Testing Market By Deployment Mode
13.2.5 North America Penetration Testing Market By Testing Type
13.2.6 North America Penetration Testing Market By Industry Vertical
13.2.7 USA
13.2.7.1 USA Penetration Testing Market By component
13.2.7.2 USA Penetration Testing Market By Organization Size
13.2.7.3 USA Penetration Testing Market By Deployment Mode
13.2.7.4 USA Penetration Testing Market By Testing Type
13.2.7.5 USA Penetration Testing Market By Industry Vertical
13.2.8 Canada
13.2.8.1 Canada Penetration Testing Market By component
13.2.8.2 Canada Penetration Testing Market By Organization Size
13.2.8.3 Canada Penetration Testing Market By Deployment Mode
13.2.8.4 Canada Penetration Testing Market By Testing Type
13.2.8.5 Canada Penetration Testing Market By Industry Vertical
13.2.9 Mexico
13.2.9.1 Mexico Penetration Testing Market By component
13.2.9.2 Mexico Penetration Testing Market By Organization Size
13.2.9.3 Mexico Penetration Testing Market By Deployment Mode
13.2.9.4 Mexico Penetration Testing Market By Testing Type
13.2.9.5 Mexico Penetration Testing Market By Industry Vertical
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Penetration Testing Market By Country
13.3.1.2 Eastern Europe Penetration Testing Market By component
13.3.1.3 Eastern Europe Penetration Testing Market By Organization Size
13.3.1.4 Eastern Europe Penetration Testing Market By Deployment Mode
13.3.1.5 Eastern Europe Penetration Testing Market By Testing Type
13.3.1.6 Eastern Europe Penetration Testing Market By Industry Vertical
13.3.1.7 Poland
13.3.1.7.1 Poland Penetration Testing Market By component
13.3.1.7.2 Poland Penetration Testing Market By Organization Size
13.3.1.7.3 Poland Penetration Testing Market By Deployment Mode
13.3.1.7.4 Poland Penetration Testing Market By Testing Type
13.3.1.7.5 Poland Penetration Testing Market By Industry Vertical
13.3.1.8 Romania
13.3.1.8.1 Romania Penetration Testing Market By component
13.3.1.8.2 Romania Penetration Testing Market By Organization Size
13.3.1.8.3 Romania Penetration Testing Market By Deployment Mode
13.3.1.8.4 Romania Penetration Testing Market By Testing Type
13.3.1.8.5 Romania Penetration Testing Market By Industry Vertical
13.3.1.9 Hungary
13.3.1.9.1 Hungary Penetration Testing Market By component
13.3.1.9.2 Hungary Penetration Testing Market By Organization Size
13.3.1.9.3 Hungary Penetration Testing Market By Deployment Mode
13.3.1.9.4 Hungary Penetration Testing Market By Testing Type
13.3.1.9.5 Hungary Penetration Testing Market By Industry Vertical
13.3.1.10 Turkey
13.3.1.10.1 Turkey Penetration Testing Market By component
13.3.1.10.2 Turkey Penetration Testing Market By Organization Size
13.3.1.10.3 Turkey Penetration Testing Market By Deployment Mode
13.3.1.10.4 Turkey Penetration Testing Market By Testing Type
13.3.1.10.5 Turkey Penetration Testing Market By Industry Vertical
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Penetration Testing Market By component
13.3.1.11.2 Rest of Eastern Europe Penetration Testing Market By Organization Size
13.3.1.11.3 Rest of Eastern Europe Penetration Testing Market By Deployment Mode
13.3.1.11.4 Rest of Eastern Europe Penetration Testing Market By Testing Type
13.3.1.11.5 Rest of Eastern Europe Penetration Testing Market By Industry Vertical
13.3.2 Western Europe
13.3.2.1 Western Europe Penetration Testing Market By Country
13.3.2.2 Western Europe Penetration Testing Market By component
13.3.2.3 Western Europe Penetration Testing Market By Organization Size
13.3.2.4 Western Europe Penetration Testing Market By Deployment Mode
13.3.2.5 Western Europe Penetration Testing Market By Testing Type
13.3.2.6 Western Europe Penetration Testing Market By Industry Vertical
13.3.2.7 Germany
13.3.2.7.1 Germany Penetration Testing Market By component
13.3.2.7.2 Germany Penetration Testing Market By Organization Size
13.3.2.7.3 Germany Penetration Testing Market By Deployment Mode
13.3.2.7.4 Germany Penetration Testing Market By Testing Type
13.3.2.7.5 Germany Penetration Testing Market By Industry Vertical
13.3.2.8 France
13.3.2.8.1 France Penetration Testing Market By component
13.3.2.8.2 France Penetration Testing Market By Organization Size
13.3.2.8.3 France Penetration Testing Market By Deployment Mode
13.3.2.8.4 France Penetration Testing Market By Testing Type
13.3.2.8.5 France Penetration Testing Market By Industry Vertical
13.3.2.9 UK
13.3.2.9.1 UK Penetration Testing Market By component
13.3.2.9.2 UK Penetration Testing Market By Organization Size
13.3.2.9.3 UK Penetration Testing Market By Deployment Mode
13.3.2.9.4 UK Penetration Testing Market By Testing Type
13.3.2.9.5 UK Penetration Testing Market By Industry Vertical
13.3.2.10 Italy
13.3.2.10.1 Italy Penetration Testing Market By component
13.3.2.10.2 Italy Penetration Testing Market By Organization Size
13.3.2.10.3 Italy Penetration Testing Market By Deployment Mode
13.3.2.10.4 Italy Penetration Testing Market By Testing Type
13.3.2.10.5 Italy Penetration Testing Market By Industry Vertical
13.3.2.11 Spain
13.3.2.11.1 Spain Penetration Testing Market By component
13.3.2.11.2 Spain Penetration Testing Market By Organization Size
13.3.2.11.3 Spain Penetration Testing Market By Deployment Mode
13.3.2.11.4 Spain Penetration Testing Market By Testing Type
13.3.2.11.5 Spain Penetration Testing Market By Industry Vertical
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Penetration Testing Market By component
13.3.2.12.2 Netherlands Penetration Testing Market By Organization Size
13.3.2.12.3 Netherlands Penetration Testing Market By Deployment Mode
13.3.2.12.4 Netherlands Penetration Testing Market By Testing Type
13.3.2.12.5 Netherlands Penetration Testing Market By Industry Vertical
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Penetration Testing Market By component
13.3.2.13.2 Switzerland Penetration Testing Market By Organization Size
13.3.2.13.3 Switzerland Penetration Testing Market By Deployment Mode
13.3.2.13.4 Switzerland Penetration Testing Market By Testing Type
13.3.2.13.5 Switzerland Penetration Testing Market By Industry Vertical
13.3.2.14 Austria
13.3.2.14.1 Austria Penetration Testing Market By component
13.3.2.14.2 Austria Penetration Testing Market By Organization Size
13.3.2.14.3 Austria Penetration Testing Market By Deployment Mode
13.3.2.14.4 Austria Penetration Testing Market By Testing Type
13.3.2.14.5 Austria Penetration Testing Market By Industry Vertical
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Penetration Testing Market By component
13.3.2.15.2 Rest of Western Europe Penetration Testing Market By Organization Size
13.3.2.15.3 Rest of Western Europe Penetration Testing Market By Deployment Mode
13.3.2.15.4 Rest of Western Europe Penetration Testing Market By Testing Type
13.3.2.15.5 Rest of Western Europe Penetration Testing Market By Industry Vertical
13.4 Asia-Pacific
13.4.1 Asia Pacific Penetration Testing Market By Country
13.4.2 Asia Pacific Penetration Testing Market By component
13.4.3 Asia Pacific Penetration Testing Market By Organization Size
13.4.4 Asia Pacific Penetration Testing Market By Deployment Mode
13.4.5 Asia Pacific Penetration Testing Market By Testing Type
13.4.6 Asia Pacific Penetration Testing Market By Industry Vertical
13.4.7 China
13.4.7.1 China Penetration Testing Market By component
13.4.7.2 China Penetration Testing Market By Organization Size
13.4.7.3 China Penetration Testing Market By Deployment Mode
13.4.7.4 China Penetration Testing Market By Testing Type
13.4.7.5 China Penetration Testing Market By Industry Vertical
13.4.8 India
13.4.8.1 India Penetration Testing Market By component
13.4.8.2 India Penetration Testing Market By Organization Size
13.4.8.3 India Penetration Testing Market By Deployment Mode
13.4.8.4 India Penetration Testing Market By Testing Type
13.4.8.5 India Penetration Testing Market By Industry Vertical
13.4.9 Japan
13.4.9.1 Japan Penetration Testing Market By component
13.4.9.2 Japan Penetration Testing Market By Organization Size
13.4.9.3 Japan Penetration Testing Market By Deployment Mode
13.4.9.4 Japan Penetration Testing Market By Testing Type
13.4.9.5 Japan Penetration Testing Market By Industry Vertical
13.4.10 South Korea
13.4.10.1 South Korea Penetration Testing Market By component
13.4.10.2 South Korea Penetration Testing Market By Organization Size
13.4.10.3 South Korea Penetration Testing Market By Deployment Mode
13.4.10.4 South Korea Penetration Testing Market By Testing Type
13.4.10.5 South Korea Penetration Testing Market By Industry Vertical
13.4.11 Vietnam
13.4.11.1 Vietnam Penetration Testing Market By component
13.4.11.2 Vietnam Penetration Testing Market By Organization Size
13.4.11.3 Vietnam Penetration Testing Market By Deployment Mode
13.4.11.4 Vietnam Penetration Testing Market By Testing Type
13.4.11.5 Vietnam Penetration Testing Market By Industry Vertical
13.4.12 Singapore
13.4.12.1 Singapore Penetration Testing Market By component
13.4.12.2 Singapore Penetration Testing Market By Organization Size
13.4.12.3 Singapore Penetration Testing Market By Deployment Mode
13.4.12.4 Singapore Penetration Testing Market By Testing Type
13.4.12.5 Singapore Penetration Testing Market By Industry Vertical
13.4.13 Australia
13.4.13.1 Australia Penetration Testing Market By component
13.4.13.2 Australia Penetration Testing Market By Organization Size
13.4.13.3 Australia Penetration Testing Market By Deployment Mode
13.4.13.4 Australia Penetration Testing Market By Testing Type
13.4.13.5 Australia Penetration Testing Market By Industry Vertical
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Penetration Testing Market By component
13.4.14.2 APAC Penetration Testing Market By Organization Size
13.4.14.3 APAC Penetration Testing Market By Deployment Mode
13.4.14.4 APAC Penetration Testing Market By Testing Type
13.4.14.5 APAC Penetration Testing Market By Industry Vertical
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Penetration Testing Market By country
13.5.1.2 Middle East Penetration Testing Market By component
13.5.1.3 Middle East Penetration Testing Market By Organization Size
13.5.1.4 Middle East Penetration Testing Market By Deployment Mode
13.5.1.5 Middle East Penetration Testing Market By Testing Type
13.5.1.6 Middle East Penetration Testing Market By Industry Vertical
13.5.1.7 UAE
13.5.1.7.1 UAE Penetration Testing Market By component
13.5.1.7.2 UAE Penetration Testing Market By Organization Size
13.5.1.7.3 UAE Penetration Testing Market By Deployment Mode
13.5.1.7.4 UAE Penetration Testing Market By Testing Type
13.5.1.7.5 UAE Penetration Testing Market By Industry Vertical
13.5.1.8 Egypt
13.5.1.8.1 Egypt Penetration Testing Market By component
13.5.1.8.2 Egypt Penetration Testing Market By Organization Size
13.5.1.8.3 Egypt Penetration Testing Market By Deployment Mode
13.5.1.8.4 Egypt Penetration Testing Market By Testing Type
13.5.1.8.5 Egypt Penetration Testing Market By Industry Vertical
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Penetration Testing Market By component
13.5.1.9.2 Saudi Arabia Penetration Testing Market By Organization Size
13.5.1.9.3 Saudi Arabia Penetration Testing Market By Deployment Mode
13.5.1.9.4 Saudi Arabia Penetration Testing Market By Testing Type
13.5.1.9.5 Saudi Arabia Penetration Testing Market By Industry Vertical
13.5.1.10 Qatar
13.5.1.10.1 Qatar Penetration Testing Market By component
13.5.1.10.2 Qatar Penetration Testing Market By Organization Size
13.5.1.10.3 Qatar Penetration Testing Market By Deployment Mode
13.5.1.10.4 Qatar Penetration Testing Market By Testing Type
13.5.1.10.5 Qatar Penetration Testing Market By Industry Vertical
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Penetration Testing Market By component
13.5.1.11.2 Rest of Middle East Penetration Testing Market By Organization Size
13.5.1.11.3 Rest of Middle East Penetration Testing Market By Deployment Mode
13.5.1.11.4 Rest of Middle East Penetration Testing Market By Testing Type
13.5.1.11.5 Rest of Middle East Penetration Testing Market By Industry Vertical
13.5.2 Africa
13.5.2.1 Africa Penetration Testing Market By Country
13.5.2.2 Africa Penetration Testing Market By component
13.5.2.3 Africa Penetration Testing Market By Organization Size
13.5.2.4 Africa Penetration Testing Market By Deployment Mode
13.5.2.5 Africa Penetration Testing Market By Testing Type
13.5.2.6 Africa Penetration Testing Market By Industry Vertical
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Penetration Testing Market By component
13.5.2.7.2 Nigeria Penetration Testing Market By Organization Size
13.5.2.7.3 Nigeria Penetration Testing Market By Deployment Mode
13.5.2.7.4 Nigeria Penetration Testing Market By Testing Type
13.5.2.7.5 Nigeria Penetration Testing Market By Industry Vertical
13.5.2.8 South Africa
13.5.2.8.1 South Africa Penetration Testing Market By component
13.5.2.8.2 South Africa Penetration Testing Market By Organization Size
13.5.2.8.3 South Africa Penetration Testing Market By Deployment Mode
13.5.2.8.4 South Africa Penetration Testing Market By Testing Type
13.5.2.8.5 South Africa Penetration Testing Market By Industry Vertical
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Penetration Testing Market By component
13.5.2.9.2 Rest of Africa Penetration Testing Market By Organization Size
13.5.2.9.3 Rest of Africa Penetration Testing Market By Deployment Mode
13.5.2.9.4 Rest of Africa Penetration Testing Market By Testing Type
13.5.2.9.5 Rest of Africa Penetration Testing Market By Industry Vertical
13.6 Latin America
13.6.1 Latin America Penetration Testing Market By Country
13.6.2 Latin America Penetration Testing Market By component
13.6.3 Latin America Penetration Testing Market By Organization Size
13.6.4 Latin America Penetration Testing Market By Deployment Mode
13.6.5 Latin America Penetration Testing Market By Testing Type
13.6.6 Latin America Penetration Testing Market By Industry Vertical
13.6.7 Brazil
13.6.7.1 Brazil Penetration Testing Market By component
13.6.7.2 Brazil Penetration Testing Market By Organization Size
13.6.7.3 Brazil Penetration Testing Market By Deployment Mode
13.6.7.4 Brazil Penetration Testing Market By Testing Type
13.6.7.5 Brazil Penetration Testing Market By Industry Vertical
13.6.8 Argentina
13.6.8.1 Argentina Penetration Testing Market By component
13.6.8.2 Argentina Penetration Testing Market By Organization Size
13.6.8.3 Argentina Penetration Testing Market By Deployment Mode
13.6.8.4 Argentina Penetration Testing Market By Testing Type
13.6.8.5 Argentina Penetration Testing Market By Industry Vertical
13.6.9 Colombia
13.6.9.1 Colombia Penetration Testing Market By component
13.6.9.2 Colombia Penetration Testing Market By Organization Size
13.6.9.3 Colombia Penetration Testing Market By Deployment Mode
13.6.9.4 Colombia Penetration Testing Market By Testing Type
13.6.9.5 Colombia Penetration Testing Market By Industry Vertical
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Penetration Testing Market By component
13.6.10.2 Rest of Latin America Penetration Testing Market By Organization Size
13.6.10.3 Rest of Latin America Penetration Testing Market By Deployment Mode
13.6.10.4 Rest of Latin America Penetration Testing Market By Testing Type
13.6.10.5 Rest of Latin America Penetration Testing Market By Industry Vertical
14. Company Profile
14.1 Breachlock Inc.
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Astra Security.
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Isecurion.
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 NetSPI LLC.
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Rapid 7
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Vumetric Cybersecurity.
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 CovertSwarm
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 SecurityMetrics.
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Nowsecure.
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Cisco Systems, Inc.
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Enterprise Metadata Management (EMM) Market size was valued at USD 4.07 Bn in 2023 and is expected to reach USD 13.72 Bn by 2031 and grow at a CAGR of 16.4% over the forecast period 2024-2031.
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