Penetration Testing Market Size, Share, and Analysis, By Type (Web Application Penetration Testing, Mobile Application Penetration Testing, Network Penetration Testing, Cloud Penetration Testing, and Others), By Deployment (On-Premise and Cloud), By Compo

Penetration Testing Market Size, Share, and Analysis, By Type (Web Application Penetration Testing, Mobile Application Penetration Testing, Network Penetration Testing, Cloud Penetration Testing, and Others), By Deployment (On-Premise and Cloud), By Component (Solution and Services), By End-Users (BFSI, IT & Telecommunications, Healthcare, Retail & E-commerce, and Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World), And Regional Forecast 2024-2034

Penetration Testing Market Size, Share, and Analysis, By Type (Web Application Penetration Testing, Mobile Application Penetration Testing, Network Penetration Testing, Cloud Penetration Testing, and Others), By Deployment (On-Premise and Cloud), By Component (Solution and Services), By End-Users (BFSI, IT & Telecommunications, Healthcare, Retail & E-commerce, and Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Penetration Testing Market is anticipated to grow at a CAGR of 14.4% in the forecast period (2024-2034), with the market size valued at USD 1.8 billion in 2023 and projected to reach USD 8.2 billion by 2034.

Penetration testing, often known as "pen testing" or ethical hacking, is a cybersecurity method that aims to detect and highlight vulnerabilities in a computer system or online application. This controlled method is conducted by security professionals and replicates cyber-attacks under safe conditions to detect security flaws before hackers can exploit them. The purpose is to strengthen the defense system by addressing vulnerabilities and improving the security posture of the system. Moreover, penetration testing includes various methodologies that are customized for specific circumstances, such as testing for flaws in network infrastructures and even human factors using social engineering techniques. Thus, by providing insights into potential security gaps, penetration testing helps organizations improve their security measures and protect sensitive data from any form of unauthorized access.

MARKET HIGHLIGHTS

Penetration Testing Market is anticipated to reach USD 8.2 billion, growing at a CAGR of 14.4% during the forecast period as the increasing digital transformation across several industries has expanded the attack surface for cyber-crimes, which makes cybersecurity measures such as penetration testing extremely necessary. The sudden increase in complicated cyberattacks requires active measures to protect sensitive data and ensure the sustainability of the company. In addition, legal requirements, such as GDPR and PCI-DSS, require firms to implement strong security processes, such as frequent penetration testing to avoid significant fines and damage to reputation. Besides, the growing awareness of cybersecurity concerns among firms of different sizes is boosting the demand for penetration testing services. Thus, with advancements in technology and cyber-attacks, the penetration testing market will witness exponential growth shortly.

Penetration Testing Market Segments:

• By Type
• Web Application Penetration Testing
• Mobile Application Penetration Testing
• Network Penetration Testing
• Cloud Penetration Testing
• Others
• By Deployment
• On-Premise
• Cloud
• By Component
• Solution
• Services
• By End-Users
• BFSI
• IT and Telecommunications
• Healthcare
• Retail & E-commerce
• Others

MARKET DYNAMICS

Growth Drivers

Increasing Cyber Threats has Driven Testing to Become an Essential Industry Service

Data Privacy Regulations Has Encouraged the Use of Penetration Testing Solutions and Services

Restraint

Shortage of Skilled Workforce has Served as a Limitation for the Market

Key Players

• Rapid7
• Intruder
• Verizon
• Avast
• IBM
• Netsparker
• PT Security
• Cisco
• Positive Technologies
• Cure53
• Cigital
• Trustwave
• Core Security
• Foundstone
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

*Please Note: The report will be delivered in 2-3 business days upon order confirmation*