The Asia Pacific Penetration Testing Market would witness market growth of 13.7% CAGR during the forecast period (2021-2027).
The rise in usage of mobile applications, web-based applications across various sectors like retail, IT, and BFSI, and rapid digitalization of processes by several initiatives taken by governments like Digital India are some of the factors driving the demand for penetration testing solutions. As stated by Sophos, companies in this region are having strong cybersecurity, but still facing attacks from cyber attackers. Security is the prior concern of companies to protect users and support the leading digital businesses with the rapid digitalization in the Asia-Pacific region.
In the Asia-Pacific region, China and Hong Kong are the nations experiencing a tremendous rise in the number of cyberattacks. This has led to the implementation of a new law to strengthen the critical infrastructure. In addition, cyber security is gaining traction across several industries. This region includes various developed and developing nations and the markets are growing at the fastest rate. Businesses are moving towards digitalization and hence, are increasing the demand for the frequent penetration testing of their systems.
Moreover, there is excessive growth in the number of internet users in this region, which is anticipated to propel the demand for connected devices. This increase will automatically surge the need for security solutions, thereby augmenting the growth of the regional penetration testing market. In Japan also, there is an increase in the number of cyberattacks, which is witnessed to encourage the government to introduce new regulations, facilities, and strategies. Further, companies and organizations have increased their investment in the adoption of security devices and frequent penetration testing, which will help them in protecting their data from getting lost. These factors are displaying lucrative opportunities for the penetration testing vendors and therefore, are attributed to accelerating the growth of the regional penetration testing market.
The China market dominated the Asia Pacific On-premise Penetration Testing Market by Country 2020, thereby, achieving a market value of $89.8 million by 2027. The Japan market is showcasing a CAGR of 9.6% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 10.8% during (2021 - 2027).
Based on Offering, the market is segmented into Solution and Services. Based on Application, the market is segmented into Web Applications, Mobile Applications, Network Infrastructure, Social Engineering, Cloud, and Others. Based on Deployment Type, the market is segmented into Cloud-based and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Education and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Penetration Testing Market is Projected to reach USD 3.1 Billion by 2027, at a CAGR of 12%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Micro Focus International Plc, FireEye, Inc., HelpSystems, LLC, HackerOne, Inc., Rhino Security Labs, Inc., Indium Software, Inc., Vumetric, Inc., Offensive security Services, LLC, and Checkmarx Ltd.
By Offering
By Application
By Deployment Type
By Enterprise Size
By End User
By Country
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