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Penetration Testing Market size worth $ 7.79 Billion, Globally, by 2028 at 24% CAGR: Verified Market Research®

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The “Global Penetration Testing Market Size By Component, By Organization Size, By Deployment Mode, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Penetration Testing Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., July 21, 2023 /PRNewswire/ — The Global Penetration Testing Market is projected to grow at a CAGR of 24% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.39 Billion in 2020 and is expected to reach USD 7.79 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=2772
Browse in-depth TOC on “Penetration Testing Market”
202 – Pages126 – Tables37 – Figures
Market for Penetration Testing: Increasing Interest in a Proactive Approach to Protecting IT Infrastructure
Organizations are placing a high priority on enhancing the security of their IT infrastructure, which is driving a considerable growth in the worldwide penetration testing market. The process of identifying and addressing vulnerabilities in operating systems, services, applications, configurations, and user behavior is facilitated by penetration testing, also known as pen testing. This kind of evaluation confirms compliance with strict security standards as well as the efficiency of defensive measures.
Market Outlook and Drivers:
Maintaining a high level of security is crucial in the data center business, where the penetration testing market is growing. When conducting security audits and assessments for organizations looking to protect their priceless assets, the significance of the market is highlighted. Data centers have a lot of potential as a result of the spike in data consumption brought on by high-speed internet connections, rising industrial automation, and ubiquitous mobile device use. The adoption of colocation data center installations is anticipated to be driven by the industrial sector, which generates a significant amount of data.
Organizations in all sectors depend more on data centers as they go through digital transformation. The industrial IoT is being widely used in manufacturing and process sectors to improve operational efficiency, which generates a ton of data that fuels the growth of the penetration testing market. As a result, it is estimated that the market will increase steadily during the anticipated period.
Key competitors and Market Analysis:
With several well-known competitors vying for market share, the penetration testing market has a varied landscape. IBM Corporation, Checkmarx, Veracode, Whitehat Security, Qualys, Inc., Cigital, Inc., Rapid7, Inc., Acunitix, Hewlett Packard Enterprise, Trustwave Holdings, Inc., and other prominent companies are key competitors in this market.
As can be seen from their financial statements, product benchmarking, and SWOT analysis, these main players continuously concentrate on enhancing their goods and services. They work to retain a solid market position and raise customer satisfaction by utilizing a variety of essential development techniques. Players are trying to lead the Penetration Testing Market, as shown by market ranking analysis of the competitive landscape.
Cloud Computing and Enhanced Security:
Because of its affordability, scalability, and flexibility, cloud computing has become a standard in the industry and is strongly related to the penetration testing market. Notably, major investments in cloud services have been made by businesses like Apple and Amazon. Strong security measures are required as a result of the paradigm shift toward the cloud, which has exposed systems to hacking threats.
A startling illustration of cloud vulnerability happened in the 2019 Capital One incident, in which 106 million credit card customers’ sensitive data was stolen. This emphasizes the vital part penetration testing plays in providing increased security on cloud computing platforms. The demand for penetration testing is expected to increase dramatically since the cloud computing sector is expected to experience tremendous growth.
Organizations looking to assess and improve the security of their IT infrastructure should continue to rely on the penetration testing market. The significance of penetration testing is highlighted by the increase in data center usage and the increasing importance of cloud computing to company operations. Market participants must prioritize thorough security measures while keeping up with emerging technologies. Given that organizations place a high priority on securing their systems against potential cyber threats, penetration testing is positioned to influence the market’s future course.
For more information, financial statements, product benchmarking, and SWOT analysis, on the Global Penetration Testing Market, please purchase Penetration Testing Market report at Verified Market Research.
Based on the research, Verified Market Research® has segmented the global Penetration Testing Market into Component, Deployment Mode, Organization Size, And Geography.
Penetration Testing Market, by ComponentServicesTesting SolutionsPenetration Testing Market, by Deployment ModeCloud-BasedOn-PremisePenetration Testing Market, by Organization SizeLarge CompaniesSmall and Medium BusinessesPenetration Testing Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin AmericaBrowse Related Reports:
Test Data Management Market By Component (Software/Solutions and Services), By Deployment Mode (Cloud-based and On-Premises), By Enterprise Level (Large Enterprises and SMEs), By Application (Synthetic Test Data Generation, Data Masking), By End User (BFSI, IT & telecom, Retail & Agriculture), By Geography, And Forecast
Cloud Testing Market By Component (Testing Platform/Tools, Services), By Application (BFSI, IT and Telecom), By Geography, And Forecast
Crowdsourced Testing Market By Testing Type (Performance Testing, Functionality Testing), By Platform (Web Application, Mobile Application), By Organization Size (Small And Medium-sized Enterprises, Large Enterprises), By Deployment Mode (Cloud, On-premises), By Industry Verticals (Retail, BFSI), By Geography, And Forecast
Security Testing Market By Tools (Automated Testing Tools, Penetration Testing Tools, Web Testing Tools), By Organization Size (Large Companies and Small and Medium Businesses), By Type (Application Security Testing, Network Security Testing, Device Security Testing), By Deployment Model (Cloud-Based and On-Premise), By Vertical (Government, IT and Telecom, Banking, Financial Services), By Geography, And Forecast
Top 5 Cloud Managed Services using internet to deliver applications
Visualize Penetration Testing Market using Verified Market Intelligence -:
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VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
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Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
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Artificial Intelligence

EZVIZ unveils its groundbreaking H9c Dual-lens Smart Pan-and-tilt Camera series: a new paradigm for automated, all-round outdoor protection

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By combining a pan-and-tilt panoramic lens and a fixed 180-degree wide-angle lens, one H9c Dual smartly secures large areas with performance better than that of two ordinary ones.
HOOFDDORP, Netherlands, May 6, 2024 /PRNewswire/ — EZVIZ, a leading global player in innovative smart home security, proudly introduces the H9c Dual series, its latest dual-lens outdoor pan-and-tilt cameras that redefine smart protection for homes and small businesses. With options in 2K and 3K resolutions, their groundbreaking design combines a sharp bullet camera and a flexible PT camera, addressing complex security needs effectively. The interlinked dual lenses work collaboratively to safeguard wide property areas, detect and track activities, and offer auto-patrol options for hands-free security.

“The H9c Dual challenges traditional outdoor cameras with unrivaled vision, unmatched automation, and high versatility for basically any scenario,” said Candice Tu, the lead product manager, “EZVIZ leads the way in the development and application of advanced dual-lens technology. This underlines our dedication to bringing cutting-edge technology within reach for practical, everyday situations.”
At the core of the H9c Dual is its groundbreaking dual-lens technology, highlighted by EZVIZ’s distinctive co-action function. The two lenses can work independently at two static viewing angles or act together as a team. When the fixed lens detects motions, the pan-and-tilt lens automatically rotates to track the same activity. This co-action function can also be manually controlled through the EZVIZ App.
The series addresses unnoticed blind spots by offering a 180-degree comprehensive view in a single frame, supplemented by the bottom PT lens for intricate close-ups. Both lenses, with high resolutions of 2K/3K, use built-in AI chips to detect people and vehicles in customizable zones, ensuring users are informed of crucial activities. Users can set up to four patrol spots for the PT lens to complete automatic rotations on a schedule.
Equipped with powerful LEDs, the H9c Dual provides color night vision up to 40 meters and warns potential trespassers with a loud siren and dazzling flashlight upon detection. Offering superior protection compared to a traditional two-camera system, the H9c is a breeze to set up thanks to its adaptable mounting design. Users can manage and control their H9c through the user-friendly EZVIZ App, and enjoy seamless integration with prevailing voice assistants and the larger EZVIZ ecosystem.
Learn more at www.ezviz.com.
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Artificial Intelligence

Red light therapy for repairing spinal cord injury passes milestone

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BIRMINGHAM, England, May 6, 2024 /PRNewswire/ — Patients with spinal cord injury (SCI) could benefit from future treatment to repair nerve connections using red and near-infrared light.

The method, invented by University of Birmingham scientists and patented by University of Birmingham Enterprise, delivers light directly to the site of the injury. 
Their latest research, published in Bioengineering and Translational Medicine, determined an optimal ‘dose’ for this novel approach, and showed it can deliver therapeutic improvements including significant restoration of sensation and movement, and regeneration of damaged nerve cells. 
Researchers led by Professor Zubair Ahmed used cell models of SCI to determine the frequency and duration of light required to achieve maximum restoration of function and stimulate nerve cell regrowth. 
They found delivery at a wavelength of 660nm for one minute a day increased cell viability (the number of live cells) by 45% over five days’ treatment. 
Professor Ahmed said: “The effect of 660nm light was both neuroprotective, meaning it improved survival of nerve cells, and neuroregenerative, meaning it stimulated nerve cell growth.” 
The researchers also investigated the effect of light therapy in preclinical models of SCI, using an implantable device and transcutaneous delivery with the light source placed against the skin. They showed comparable results for both methods, with a one-minute dose of 660nm light, delivered daily for seven days resulting in reduced tissue scarring, increased levels of proteins associated with nerve cell regeneration, improvements in the connections between cells and significant functional recovery. 
This is the first time transcutaneous and direct light delivery have been compared in SCI. Professor Ahmed said: “To make light therapy viable for treating SCI in humans an implantable device will be required, to provide line of sight to damaged tissue and the opportunity for greater accuracy and standardise dosing without impedance due to the thickness of the skin and other tissues surrounding the spinal cord.”
The researchers are planning to develop an implantable device for use in humans with traumatic SCI. They have already received further funding and are seeking commercial partners or investors to develop a prototype device to take into first-in-man clinical trials.
Full release here. 
University of Birmingham Enterprise helps researchers turn ideas into products and services that meet real-world needs. Follow us on LinkedIn and X.
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Media enquiries: Ruth Ashton
Commercial enquiries: Veemal Bhowruth

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Artificial Intelligence

TerraPay Continues to Attract Top Industry Talent, Names Hassan Chatila as Vice President and Global Head of Network

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LONDON, May 6, 2024 /PRNewswire/ — TerraPay, a leading global money movement company, is excited to announce the appointment of Hassan Chatila as Vice President – Global Head of Network.

This key addition to TerraPay’s global network leadership also marks a critical step in the company’s ongoing strategy to simplify and streamline global money movement for businesses and individuals alike, underscoring its commitment to enhancing its network capabilities.
With over 20 years of experience in the cross-border payments, Hassan brings with him a rich legacy of leadership and innovation. Before joining TerraPay, he served as the Global Head of Western Union’s Account Payout Network, where he played a pivotal role in expanding and optimizing the network to support seamless global transactions. His impressive career portfolio also includes key leadership roles at Earthport and Temenos, where he led significant payments transformation initiatives and drove substantial growth.
In this new role at TerraPay, Hassan will lead the expansion and optimization of TerraPay’s global payout network. He will work closely with internal and external stakeholders to enhance the network’s capabilities, ensuring that TerraPay continues to offer its partners transparent and efficient payment solutions.
Welcoming Hassan to the team, TerraPay Founder and CEO, Ambar Sur, said, “It gives me great pleasure to welcome Hassan on board. As an industry expert, he comes with a highly reputable cross-border payment expertise and deep leadership experience. On TerraPay’s journey of growth, Hassan’s appointment is a critical step in furthering our network expansion goals. I look forward to working together and further deepen TerraPay’s position as a global money movement leader.”
Hassan Chatila, VP – Global Head of Network, TerraPay, commented on his new role, saying, “I am thrilled to join TerraPay at this pivotal time. Over the years, TerraPay has built an expansive global money movement network driven by the mission to build a borderless world of payments. I look forward to leveraging my experience to further develop our network capabilities, create new opportunities across markets and help TerraPay achieve its ambitious goals.”
For media inquiries, please contact [email protected]
About TerraPay
TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
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