Global Penetration Testing Market

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 2025-2032


Report ID: SQMIG45F2150 | Region: Global | Published Date: September, 2024
Pages: 196 | Tables: 90 | Figures: 71

Penetration Testing Market Dynamics

Penetration Testing Market Drivers

Rising Use of Cloud-based Applications 

  • Rise of cloud technologies has led to a massive upsurge in the popularity and use of cloud-based applications around the world. Penetration testing for cloud environments helps organizations identify potential security gaps, making it a crucial tool for ensuring that cloud-based systems are secure. Hence, growing use of cloud-based applications will drive up the demand for penetration testing. 

Launch of Digital Transformation Initiatives 

  • Digital transformation across the world is increasing at a rapid pace and this trend is projected to bolster the importance of penetration testing in the future. As companies go digital, they also focus on enhancing their security by opting for solutions such as penetration testing to help safeguard their data and maintain privacy.  

Restraints 

Integration Issues 

  • Integrating penetration testing solutions legacy systems and infrastructure remains a key challenge for all penetration testing companies as the technology used for penetration testing is highly advanced. This incompatibility with legacy systems could hinder the adoption of penetration testing in the long run. Creating a streamlined integration process will be essential for sustained market growth in the future. 

Dearth of Skilled Penetration Testers 

  • Professionals who can skillfully perform penetration testing are quite scarce and this can be attributed to the high complexity of IT systems and infrastructure. This dearth of skilled penetration testers around the world could result in delays in testing, higher service costs, and limited availability of testing resources, expected to impede market development. 
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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).

Penetration testing providers should focus on reducing the costs and complexity of their offerings to maximize their business scope in the future. Collaborations and mergers are expected to emerge as popular strategies for penetration testing market players to enhance their market share. Addressing the issue of skilled professional shortage will be crucial for penetration testing companies to unlock the full growth potential of the market in the long run. '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'

Rise of cloud technologies has led to a massive upsurge in the popularity and use of cloud-based applications around the world. Penetration testing for cloud environments helps organizations identify potential security gaps, making it a crucial tool for ensuring that cloud-based systems are secure. Hence, growing use of cloud-based applications will drive up the demand for penetration testing. 

Use of Automation: Penetration testing companies can focus on integration of artificial intelligence and machine learning technologies to introduce automation in penetration testing. Use of automation can also help organizations resolve the issue of the dearth of skilled professionals, enhance the efficiency of penetration testing solutions, and make them more accessible going forward.  

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. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Penetration Testing Market

Report ID: SQMIG45F2150

$5,300
BUY NOW GET FREE SAMPLE