0
New
New
2022
Penetration Testing Market

Penetration Testing Market

by Component (Solution, Services), by Deployment Mode (On-Premise, Cloud), by Testing Type (Network Penetration Testing, Application Penetraiton Testing, Social Engineering Tests, Cloud Penetration Testing, Others), by Organization Size (Large Enterprise, Small and Medium Enterprise), by Industry Vertical (BFSI, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Retail and E-commerce, IT and Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A07473
Pages: 345
Oct 2022 | 3007 Views
Author(s) : Pramod B, Beesetty Y , Vineet K
Tables: 420
Charts: 61
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

Penetration Testing Market Research, 2031

The global penetration testing market was valued at $1.6 billion in 2021, and is projected to reach $5.3 billion by 2031, growing at a CAGR of 13.1% from 2022 to 2031.

COVID-19 pandemic crisis has positively impacted the growth of the market owing to the growth of digital application during the lockdown. Moreover, increasing adoption of penetration testing solutions and increasing initiatives for improving the loss suffered in developing nations of Asia-Pacific has boosted the growth of penetration testing market.

Penetration testing is a cybersecurity defense practice that aims to deceive attackers by distributing a collection of traps and decoys across a system's infrastructure to imitate genuine assets. In addition, it helps organizations to uncover vulnerabilities such as unsensitized inputs that are susceptible to code injection attacks in number of application systems, and frontend/backend servers.

High adoption of cloud computing solutions and services and increasing number of data centres is boosting the growth of the global penetration testing market. In addition, stringent government regulations to increase the adoption of penetration testing solutions and services is positively impacts growth of the penetration testing market. However, lack of skilled security professionals and high implementation cost is hampering the penetration testing market growth. On the contrary, increasing popularity of PTaaS and security assessment for remote workers is expected to offer remunerative opportunities for expansion of the penetration testing market during the forecast period.

Penetration Testing Market

The penetration testing market is segmented into Organization Size, Industry Vertical, Component, Deployment Mode and Testing Type.

The penetration testing market is segmented on the basis of by component, deployment mode, testing type, enterprise size, industry vertical, and region. On the basis of component, the market is categorized into solution and service. On the basis of deployment mode, the market is fragmented into On-Premise, and Cloud. On the basis of testing type the market is classified into network penetration testing, application penetration testing, social engineering tests, cloud penetration testing, and others. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into BFSI, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Retail and E-commerce, IT and Telecom, and Others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the penetration testing market are Breachlock Inc., Bugcrowd, Cigniti Technology Ltd., Cisco Systems, Inc., CovertSwarm, Isecurion, Netragard, NetSPI LLC, Nowsecure, PortSwigger Ltd., Rapid 7, Rebot Security, SecurityMetrics, TrustWave Holdings, Inc., Vumetric Cybersecurity, Astra Security, Vairav Technology. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Penetration Testing Market
By Component

Your browser does not support the canvas element.

The solution segment is expected to garner the highest market share as it assists organizations in detection zero-day attacks and predicts any future loopholes.

Get more information on this report : Request Sample Pages

Depending upon component, solution segment holds the largest penetration testing market share as it assists organizations in detection zero-day attacks and predicts any future loopholes. However, the service segment is expected to grow at the highest rate during the forecast period, owing to rise in demand for cyber security services during remote working in COVID-19 pandemic, thus making the network more secure and convenient.

Penetration Testing Market
By Region

2031
North America 
Europe
Asia-pacific
Lamea

The demand for Penetration Testing is growing in the North America owing to, increase in adoption of advanced technologies such as cloud technology, big data, artificial intelligence, and machine learning for automation across industries.

Get more information on this report : Request Sample Pages

Region-wise, the penetration testing market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to increase in adoption of advanced technologies such as cloud technology, big data, artificial intelligence, and machine learning for automation across industries. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to rise in penetration testing awareness and growth in number of SMEs adopting cloud-based security testing in the region.

 

COVID-19 Impact Analysis

The penetration testing industry is projected to prosper in the COVID-19 situation, owing to various government, public, and other organizations adopting work from home culture for their employees. In addition, various IT & telecom industries are adopting penetration testing solution for improving the loss suffered, owing to the pandemic situation and to improve their market share. In addition, there is a significant increase in cyber-crime and data breaches in enterprises during the lockdown.

Moreover, lack of skilled IT professionals and highly skilled hackers has led to surge in cyber-crimes and security breaches in organizations. In addition, different enterprises adopted penetration testing solutions due to rise in number of data breaches and lack of security within the organization to prevent unauthorized access to enterprise information using the loopholes in the security systems. As a result, rise in number of data and security breaches during the COVID-19 pandemic in enterprises drives the market growth.

Top Impacting Factors

High adoption of cloud computing solutions and services

The usage of cloud computing solutions and services is increasing rapidly across the globe, owing to the fact that the cost of cloud-based services is comparatively cheaper and does not require the setting up of dedicated IT infrastructure. Moreover, cloud deployment increases the vulnerabilities in software and makes it easily accessible for unauthorized users. Furthermore, it helps organizations achieve a more comprehensive view of cloud assets. For instance, in July 2021, Snyk launched the Cloud Security Solution designed by and for developers to realize a fully featured cloud security solution that allows modern developers to continue their rapid pace of innovation securely. In addition, cloud computing solutions and services are in high demand for penetration testing as it is designed to assess the strengths and weaknesses of a cloud system to improve its overall security posture. Such demands are driving the growth of the penetration testing industry.

Increase in number of data centers

An increasing number of data centers are a centralized cluster of computing and networking equipment, and opportunities emerge regularly. The industry is expected to see new opportunities for the data center sector. In addition, the volume of data that is consumed has expanded dramatically in recent years as a result of high-speed internet connections, improved industrial automation, and increased mobile device usage. This increase in data volume has created a huge opportunity for the data center sector. Furthermore, many companies in this industry are increasingly digitizing their operations and services, putting them in a stronger position to rely on data centers. Therefore, industries are enabling data centers to collect large amounts of data and security during the pandemic, which in turn is driving the growth of the penetration testing market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the Penetration Testing Market Forecast, current trends, estimations, and dynamics of the penetration testing market analysis from 2021 to 2031 to identify the prevailing penetration testing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the penetration testing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global penetration testing market trends, key players, market segments, application areas, and market growth strategies.

Penetration Testing Market Report Highlights

Aspects Details
Market Size By 2031 USD 5.3 billion
Growth Rate CAGR of 13.1%
Forecast period 2021 - 2031
Report Pages 345
Organization Size
  • Large Enterprise
  • Small and Medium Enterprise
Industry Vertical
  • BFSI
    • Sector
      • Banking
      • Insurance
      • Others
  • Manufacturing
    • Sector
      • Food and Beverages
      • Materials and Chemicals
      • Industrial Machinery and Heavy Equipments
      • High-Tech and Consumer Electronics
      • Others
  • Healthcare
  • Government and Defense
  • Energy and Utilities
    • Sector
      • Energy
      • Utilities
  • Retail and E-commerce
  • IT and Telecom
    • Sector
      • Software Companies
      • ITeS
      • Telecommunication Companies
  • Others
Component
  • Solution
  • Services
    • Service Type
      • Professional Services
      • Managed Services
Deployment Mode
  • On-Premise
  • Cloud
Testing Type
  • Network Penetration Testing
  • Application Penetraiton Testing
    • Type
      • Web Applications
      • Mobile Applications
  • Social Engineering Tests
  • Cloud Penetration Testing
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, Australia, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Synopsys, Breachlock Inc., Bugcrowd, Cigniti Technology Ltd., Cisco Systems, Inc., CovertSwarm, Isecurion, Netragard, NetSPI LLC, Nowsecure, PortSwigger Ltd, Rapid 7, Rebot Security, SecurityMetrics, TrustWave Holdings, Inc., Vumetric Cybersecurity, Astra Security, Vairav Technology
 

Loading Table Of Content...


 
 

A penetration testing is a type of software testing that reveals vulnerabilities, threats, and risks in a software application and prevents malicious attacks from intruders. Furthermore, growth of the security testing market is due to its ability to identify all possible loopholes and weaknesses of the software system, which might result in loss of information, revenue, repute at the hands of the employees, or outsiders of the organization. The security testing market has huge opportunities in the small, medium, and large-scale industries.

The global penetration testing market is expected to register high growth due to presence of stringent regulations and compliances mandating regular penetration testing practices, increasing sophistication of cyberattacks resulting in financial and reputational losses for organizations. Thus, increase in adoption of penetration testing, owing to its security is one of the most significant factors driving the growth of the market. With surge in demand for penetration testing, various companies have established alliances to increase their capabilities. For instance, in September 2021, Apiiro partnered with NetSPI to combine Apiiro’s comprehensive Application Risk Management capabilities with NetSPI’s Penetration Testing as a Service (PTaaS). The partnership enables contextual and risk-based application penetration testing for its mutual customers.

In addition, with further growth in investment across the world and the rise in demand for penetration testing, various companies have expanded their current product portfolio with increased diversification among customers. For instance, in July 2022, Darktrace launched new set of AI products designed to deliver proactive security to help organizations pre-empt cyberthreats it works together autonomously to optimize an organization’s state of security through a continuous feedback loop. For instance, in June 2022, Bugcrowd, the leader in crowdsourced security launched Penetration Testing as a Service (PTaaS) product line to include new offerings—Basic Pen Test and Standard Pen Test to cover the gamut of customer needs, from basic assurance for simple web apps and networks to continuous, crowd-powered testing of complex apps, cloud services, mobile apps, APIs, and IoT devices for maximum risk reduction.

Moreover, with increase in competition, major market players have started acquisition companies to expand their market penetration and reach. For instance, August 2021, Chess acquired penetration test provider Armadillo to deliver end to end services to enterprise customers.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. High adoption of cloud computing solutions and services and increasing number of data centres is boosting the growth of the global penetration testing market. In addition, stringent government regulations to increase the adoption of penetration testing solutions and services is positively impacts growth of the penetration testing market

A. Region-wise, the penetration testing market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to increase in adoption of advanced technologies such as cloud technology, big data, artificial intelligence, and machine learning for automation across industries.

A. The global penetration testing market was valued at $1.56 billion in 2021, and is projected to reach $5.33 billion by 2031, registering a CAGR of 13.1% from 2022 to 2031.

A. The key players that operate in the penetration testing market are Breachlock Inc., Bugcrowd, Cigniti Technology Ltd., Cisco Systems, Inc., CovertSwarm, Isecurion, Netragard, NetSPI LLC, Nowsecure, PortSwigger Ltd., Rapid 7, Rebot Security, SecurityMetrics, TrustWave Holdings, Inc., Vumetric Cybersecurity, Astra Security, Vairav Technology. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Penetration Testing Market

Start reading instantly.
This Report and over 19,300+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Oct 2023 - Oct 2024)
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2023 - Oct 2024)
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2023 - Oct 2024)
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2023 - Oct 2024)
  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Oct 2023 - Oct 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers