USD 1.96 Billion
Penetration Testing Market Size, Share, Growth Analysis, By Testing Type (Red Team, Blue Team), By Testing Method (Blind Testing, Targeted Testing), By Offering (Solution, Services), By Deployment Mode (On premises, Cloud), By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises), By Type (Web applications, Mobile Applications), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45F2150 |
Region:
Global |
Published Date: September, 2024
Pages:
196
|Tables:
0
|Figures:
0
Penetration Testing Market Insights
Global Penetration Testing Market size was valued at USD 1.6 billion in 2022 and is poised to grow from USD 1.7 billion in 2023 to USD 2.29 billion by 2031, growing at a CAGR of 17.12% during the forecast period (2024-2031).
The number of data centres and the widespread use of cloud computing services and solutions are driving the expansion of the global penetration testing market. Furthermore, the penetration testing market is growing favourably due to strict government restrictions aimed at increasing the adoption of penetration testing services and solutions. However, the expansion of the penetration testing market is being hampered by a scarcity of highly qualified security specialists and high implementation costs. Conversely, during the projected period, the growing acceptance of PTaaS and security evaluation for remote employees is anticipated to present lucrative prospects for penetration testing market growth.
Penetration testing is a cybersecurity defence technique that involves dispersing a set of traps and decoys throughout a system's infrastructure to mimic real assets in an effort to fool attackers. Furthermore, it aids in the discovery of vulnerabilities in a variety of application systems, frontend/backend servers, and unsensitized inputs that are vulnerable to code injection attacks. The penetration testing market is divided into segments according to the following factors: organization size, industry vertical, testing type, deployment mode, and region. The market is divided into solution and service categories based on component. The market is divided into two segments based on the mode of deployment: cloud and on-premises.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Offering
Fastest Growth
Offering
Growth Rate
12.50% CAGR
Global Penetration Testing Market ($ Bn)
Country Share by North America (%)
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Penetration Testing Market Segmental Analysis
Global Penetration Testing Market is segmented by Testing Type, Testing Method, Offering, Deployment Mode, Organization Size, Type, Vertical and Region. Based on Testing Type, the market is segmented into Red Team, Blue Team. Based on Testing Method, the market is segmented into Blind Testing, Targeted Testing, External Testing, Internal Testing, Double-Blind Testing. Based on Offering, the market is segmented into Solutions, Services (Professional Services, Managed Security Services). Based on Deployment Mode, the market is segmented into On-premises, Cloud. Based on Organization Size, the market is segmented into Large Enterprises, Small & Medium-Sized Enterprises. Based on Type, the market is segmented into Web applications, Mobile Applications, Network Infrastructure, Cloud, Social Engineering. Based on Vertical, the market is segmented into BFSI, Healthcare, IT & ITeS, Telecommunication, Retail and eCommerce, Manufacturing, Education, Other verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Penetration Testing Market Analysis by Offering
As per categorization by offering, the market is classified as solutions and services. Among these, solution earned the largest share and continues to dominate the market. The rising need for effective cyber security measures is propelling an energetic innovation in Furnishing Solutions within the global penetration testing market. The dominance of solution offerings can therefore be attributed to their affordable prices, integrated capabilities as well as capacity to tackle complex security issues. By this way, firms can obtain comprehensive vulnerability assessments along with increased defense against cyber attacks.
The demand for expert-led assessments, customised security solutions, and continuous support is expected to fuel fast expansion in the penetration testing services sector globally. In order to ensure comprehensive security strategies and compliance with strict legal stipulations, businesses seek specialised services for the management of dynamic cyber threats.
Penetration Testing Market Analysis by Testing Type
Advanced automated tools and AI-driven methodologies are being used in network penetration testing to uncover vulnerabilities in progressively complex network infrastructures. Hence, it is this important aspect that has made him the global leader in penetration testing. Its indispensable function of guarding crucial parts of a computer network, ensuring high levels of protection and complying with stringent sector laws have caused the company to remain at the top.
The world’s fastest growing segment of penetration testing domain is in cloud penetration testing owing to the increasing dependency on cloud services and the need for stronger security measures. Due to the rising use of cloud computing across industries, specialized testing must take place to identify and patch vulnerabilities within secure and compliant cloud systems in light of escalating cyber threats.
Global Penetration Testing Market By Offering (%)
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Penetration Testing Market Regional Insights
The sophisticated tech infrastructure, high adoption rates of cybersecurity solutions and the concentration of major industry players make North America the leader in penetration testing market worldwide. As per strict regulatory frameworks found in this region like CCPA or GDPR among others, organizations must invest in strong security measures including penetration testing. Moreover, given that cyber-attacks have escalated within this region, comprehensive security assessments are also becoming increasingly important. The leadership position of North America in penetration testing is further bolstered by huge investments in R&D and increased complexity of cyber-sources; therefore local companies prioritise proactive precautionary measures against viruses and other malicious software perpetrators.
The expansion of the global penetration testing market is being accelerated by the rapid digital transformation, the increasing use of cloud services, and also increased recognition of cybersecurity in Asia Pacific region. Higher levels of investment in information technology are driving this market as it expands; meanwhile, intelligent smartphones and the Internet of Things are enablers. In order to keep highly confidential data secure and comply with fresh legislation, governments and organizations in the Asia Pacific are spending a lot of money on cyberspace safety. Coupled with the remarkable growth of the economy, the thriving technology start-up ecosystem in this part of the world has also led to an increasing urge for detailed penetration testing services to combat augmenting cyber threats.
Global Penetration Testing Market By Geography
- Largest
- Fastest
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Penetration Testing Market Dynamics
Penetration Testing Market Drivers
- Determine and Protect Weaknesses
Custom integrations and outdated code add to the complexity and provide opportunities for misconfiguration-based attack. Due to blind spots caused by this intricacy, harmful behaviour may go undetected. In this complexity, penetration testing shines as a lighthouse, mimicking actual attacks to find flaws that conventional security measures have overlooked.
- Growing patterns in PTaas
Cybersecurity is revolutionised by Penetration Testing as a Service (PTaaS), particularly for small organisations. By introducing a subscription-based model, PTaaS removes obstacles such as complicated procedures and data security protocols, hence increasing accessibility to advanced security testing. Scalability to meet changing testing requirements is provided by PTaaS, which makes it cheap for lower budgets by distributing costs over a subscription time.
Penetration Testing Market Restraints
- Complexities of integration
For enterprises, integrating penetration testing methods and tools into security workflows presents serious difficulties. Inefficiencies due to this conflict may hinder tracking of remedial measures and sharing of findings. Connects with the present security architecture is vital for effective operations and teamwork.
- Lack of Experienced Professionals
The lack of security analysts qualified to do penetration testing is one of the major issues confronting organisations, impeding their ability to respond to changing cybersecurity threats. Even if companies are recruiting people to recognise and evaluate cyberthreats, many still need to have the abilities to successfully thwart attacks. An essential defensive strategy is penetration testing, which can be expensive and, if done incorrectly, result in losses for both the client company and the service provider.
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Penetration Testing Market Competitive Landscape
Illustrious multinationals like Qualys, Inc., Rapid7, Inc., Hewlett Packard Enterprise and IBM Corporation boast of their roles as top dogs in the global penetration testing market where fierce competition prevails among industry giants with a focus on innovation as well as comprehensive security solutions. In order to meet the changing needs of a wide range of businesses for reliable penetration testing services, these companies are always improving their services through cutting-edge technologies and clever alliances.
Penetration Testing Market Top Player’s Company Profiles
- Rapid7
- Secureworks
- Synopsys
- Cisco Systems
- IBM
- Crowdstrike
- Coalfire
- Cigniti Technologies
- The Chertoff Group
- Fortinet
- Bugcrowd
- Summit Partners
- Hackerone
- Raxis
- Rsi Security
- Rhino Security Labs
- Sciencesoft
- Portswigger
- Netragard
- Software Secured
- TELUS Corporation
- LRQA Nettitude
- Liberty Strategic Capital
- Nowsecure
- Securitymetrics
- KKR (Netspi)
- Covertswarm
- Holm Security
- Intruder Systems
- Breachlock
- Isecurion
- Redbot Security
Penetration Testing Market Recent Developments
- In January 2023, Rapid7, Inc. launched an enhanced cloud pen-testing toolbox that has advanced threat simulation capabilities. With this toolkit, security teams can model complex attack scenarios against their cloud infrastructure, identify security weaknesses, and implement strong safeguards to protect important cloud resources from new online threats.
- In June 2023, Official announcement has been made about the IBM Corporation's entry into the market for an AI-based cloud penetration testing service. This breakthrough technology helps businesses defend their cloud systems against intricate cyber threats, and at the same time ensures that these systems comply with industry regulations. It achieves this through employing artificial intelligence which automates vulnerability detection as well as providing more precise evaluation results.
- In April 2023, Qualys, Inc. unveiled a new cloud-native application testing platform for cloud environments. This platform allows businesses to proactively manage vulnerabilities in real time by providing automatic repair and continuous security monitoring that ultimately improve their overall cloud security posture and, hence, lead to increased operational effectiveness in the long-term.
Penetration Testing Key Market Trends
- Rise of AI-Driven and Automated Vulnerability Testing: Vulnerability testing is subject to constant change in cybersecurity practices and standards. Automatic and AI-driven vulnerability testing techniques are proliferating as businesses attempt to address the vast quantity and intricacy of flaws. Automated technologies make testing faster and more efficient, while AI-powered tools can more precisely identify vulnerabilities by imitating the behaviours of malicious actors.
- Growing Demand for Tailored Vulnerability Testing: The vulnerability testing industry has been impacted by the expansion of cloud computing. As more businesses shift their equipment and services to the cloud, customers are calling for an increase in cloud-specific security testing services. Testing for cloud vulnerabilities ensures that security protocols are effective in cloud-based systems while accounting for challenges arising from shared responsibility models and the dynamic nature of cloud services.
Penetration Testing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the expansion of cloud computing, strict legal frameworks, and the growing demand for extensive security measures are driving a substantial growth in the global penetration testing market. Cutting-edge technologies like Penetration Testing as a Service (PTaaS) and AI-driven approaches have made improved accessibility and efficiency possible.
Despite the ongoing challenges regarding hefty implementation costs and shortage of skilled labour, businesses are going to prioritise cybersecurity and therefore tailored vulnerability testing services will maintain their growth momentum. By using these services, you can achieve strong protection measures against new lists of cybercrimes while following regulations and keeping your business running.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.6 billion |
| Market size value in 2031 | USD 2.29 billion |
| Growth Rate | 17.12% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Penetration Testing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Penetration Testing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Penetration Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Penetration Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Penetration Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Penetration Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Penetration Testing Market Report Snapshots
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