Vulnerability Assessment and Penetration Testing

The global Vulnerability Assessment and Penetration Testing Market is forecasted to reach USD 23.56 Billion by 2027, according to a new report by Reports and Data. The market is witnessing increased demand due to the rise in industrial IoT, steady shift towards digitalized manufacturing from traditional ones, growth in awareness for resource optimization, and stringent regulatory compliances. The growth in the vulnerability assessment is due to the rise in the number of cyber-attacks, and growing adherence to regulatory compliance is also boosting the market demand. However, factors such as data privacy, high initial cost, and security concerns are hampering the growth of the market. Consumer electronics have witnessed tremendous development in recent years, which has propelled the usage of smart devices. The emergence of IoT and artificial intelligence has also encouraged the use of smart devices in commercial and personal use. This has created a need for the implementation of pr...