The North America Penetration Testing Market would witness market growth of 10.4% CAGR during the forecast period (2021-2027).
The penetration is regularly done by a third party on the demand of the customer. This testing solution is beneficial as it helps in briefing the weaknesses existing in the system or device as well as ensures the client’s reputation and trust. As the world is getting more digitalized, there is a surge in the latest technologies in the past few years. Due to this, there is a rise in the demand for security and safety solutions. Therefore, the increase in the security solution demand is accelerating the market growth of penetration testing.
North America's penetration testing market is witnessing a significant rise due to the increased number of cyberattacks on private and government companies’ networks. In the past few years, sensitive and confidential data was stolen by the cyber attackers of companies like Chase and JP Morgan. The increased cyber-attacks are increasing every month that governments and private companies are facing in this region. Cyber attackers are identifying the loopholes in the existing software and are attacking that part to breach the sensitive information of the network. Due to this, the companies have increased the penetration testing of their systems to avoid any kind of mishappening.
Therefore, the rising number of cyber security attacks and hacks into weak networks from applications is revealing the weaknesses and threats caused by applications that are not evident during their adoption. These hacks are causing severe disruptions to the business, compromising with a sensitive customer or internal information. This has caused governments across North America to impose strict regulations to ensure that companies are following guidelines and protecting sensitive data. Hence, these factors are accountable to increase the demand for penetration testing and thereby, boosting the growth of the regional penetration testing market.
The US market dominated the North America Penetration Testing Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $262.2 million by 2027. The Canada market is experiencing a CAGR of 15.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 14.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Penetration Testing Market is Estimated 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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