North America Penetration Testing Software Market
No. of Pages: 104 | Report Code: TIPRE00028631 | Category: Technology, Media and Telecommunications
No. of Pages: 104 | Report Code: TIPRE00028631 | Category: Technology, Media and Telecommunications
The rising adoption of cloud-based solutions by enterprises makes it more convenient for penetration testing service providers to conduct cloud-based testing. Industries currently favor cloud-based storage over traditional physical servers due to the low cost and capacity to scale up or down the organization with no investment. Apple spends more than ~US$ 306 million on Amazon's cloud every year. Similarly, Amazon's AWS cloud computing services accounted for ~US$ 25 billion in revenue in 2018. However, these cloud-based systems are prone to hacking and must be protected against malicious code. Capital One, a financial business, was exposed to a cloud computing vulnerability in 2019, leaking the data of 106 million credit card customers. As a result, penetration testing software is becoming a crucial part of the cloud computing platform to assure more security, thus driving the cloud computing market. Thus, the growing application of the internet and cloud-based services is propelling the demand for penetration testing software.
North America held the largest market share in the penetration testing software market during the COVID-19 pandemic. COVID-19 is spreading significantly in North America due to a high number of immigrants traveling through the region, the lack of an initial stage lockdown in the countries, and the presence of many SAR-CoV-2 carriers. The US and Canada dominate the IT industry in the region. The COVID-19 pandemic has hastened the shift to a work-from-home model, which has increased penetration testing in enterprises. Hence, the penetration testing software business has benefited from the COVID-19 pandemic due to large economies, such as the US and Canada, wide-scale internet usage, and the presence of major penetration testing software providers. This has led North America to become a significant adopter of penetration testing solutions and services.
With the new features and technologies, vendors can attract new customers and grow their footprints in emerging markets. This factor is expected to drive the North America penetration testing software market.
Strategic insights for the North America Penetration Testing Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 661.01 Million |
| Market Size by 2028 | US$ 1,625.87 Million |
| Global CAGR (2021 - 2028) | 13.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Penetration Testing Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Penetration Testing Software Market is valued at US$ 661.01 Million in 2021, it is projected to reach US$ 1,625.87 Million by 2028.
As per our report North America Penetration Testing Software Market, the market size is valued at US$ 661.01 Million in 2021, projecting it to reach US$ 1,625.87 Million by 2028. This translates to a CAGR of approximately 13.8% during the forecast period.
The North America Penetration Testing Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Penetration Testing Software Market report:
The North America Penetration Testing Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Penetration Testing Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Penetration Testing Software Market value chain can benefit from the information contained in a comprehensive market report.
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