Penetration Testing Market Size, Share, Growth Analysis, By Testing Type(Red Team, Blue Team), By Testing Method(Blind Testing, Targeted Testing, External Testing, Internal Testing), By Offering(Solutions, Services (Professional Services, Managed Security Services)), By Deployment Mode(On-premises, Cloud), By Organization Size(Large Enterprises, Small & Medium-Sized Enterprises), By Type(Web applications, Mobile Applications, Network Infrastructure, Cloud), By Vertical(BFSI, Healthcare, IT & ITeS, Telecommunication), By Region - Industry Forecast 2024-2031

North America is estimated to account for a substantial share of the global penetration testing market. The presence of a strong technological infrastructure, stringent regulations for data privacy and security, rising incidence of cyberattacks, and high investments in R&D of novel security technologies are key factors allowing this region to hold sway over others. Canada and the United States are slated to bring in substantial revenue for all penetration testing companies operating in this region. High awareness and spending on bolstering security of digital platforms and technologies will also create new opportunities for market players in North America. 

Increasing digital transformation of the Asia Pacific is slated to help it become the fastest-growing regional market for penetration testing companies. Rising investments in IT infrastructure development, growing awareness regarding benefits of penetration testing, and increasing number of penetration testing start-ups in this region are all expected to make this a highly opportune market in the future. China, India, and Japan are estimated to spearhead revenue generation for penetration testing companies operating in this region. Rising internet and smartphone usage in this region will also offer lucrative business scope for penetration testing companies focused on mobile applications and mobile devices in the future.