Penetration Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

Penetration Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

Penetration Testing Market Trends and Forecast

The future of the global penetration testing market looks promising with opportunities in the BFSI, manufacturing, healthcare, government and defense, energy and utilities, retail and e-commerce, and IT and telecom markets. The global penetration testing market is expected to reach an estimated $4.4 billion by 2030 with a CAGR of 19.8% from 2024 to 2030. The major drivers for this market are increasing concern towards cyberattacks among organizations, tremendous demand for smartphones, and rising demand for ML and AI integrated penetration testing systems.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Penetration Testing Market by Segment

The study includes a forecast for the global penetration testing market by testing type, organisation size, deployment mode, end use industry, and region

Penetration Testing Market by Testing Type [Shipment Analysis by Value from 2018 to 2030]:

• Network Penetration Testing
• Application Penetraiton Testing
• Social Engineering Tests
• Cloud Penetration Testing
• Others

Penetration Testing Market by Organisation Size [Shipment Analysis by Value from 2018 to 2030]:

• Large Enterprise
• Small and Medium Enterprise

Penetration Testing Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:

• On-Premise
• Cloud

Penetration Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Penetration Testing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies penetration testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the penetration testing companies profiled in this report include-

• Rapid7
• Secureworks
• Synopsys
• CrowdStrike
• IBM
• Coalfire Labs
• Indium Software
• Cigniti Technologies
• Trustwave
• Cisco Systems

Penetration Testing Market Insights

Lucintel forecast that on-premise is expected to witness highest growth over the forecast period.

Within this market, healthcare is expected to witness highest growth over the forecast period due to the rising adoption of penetration testing systems in this sector to protect sensitivite medical data.

North America is expected to witness highest growth over the forecast period due to rapid digitization, growing adoption of cloud-based security testing in SMEs, and presence of key players in the region.

Features of the Global Penetration Testing Market

Market Size Estimates: Penetration testing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Penetration testing market size by various segments, such as by testing type, organisation size,deployment mode, end use industry, and region in terms of value ($B).

Regional Analysis: Penetration testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different testing types, organisation sizes, deployment modes, end use industries, and regions for the penetration testing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the penetration testing market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the penetration testing market size?

Answer: The global penetration testing market is expected to reach an estimated $4.4 billion by 2030.

Q.2 What is the growth forecast for penetration testing market?

Answer: The global penetration testing market is expected to grow with a CAGR of 19.8% from 2024 to 2030

Q.3 What are the major drivers influencing the growth of the penetration testing market?

Answer: The major drivers for this market are increasing concern towards cyberattacks among organizations, tremendous demand for smartphones, and rising demand for ML and AI integrated penetration testing systems.

Q4. What are the major segments for penetration testing market?

Answer: The future of the penetration testing market looks promising with opportunities in the bfsi, manufacturing, healthcare, government and defense, energy and utilities, retail and e-commerce, and it and telecommarkets.

Q5. Who are the key penetration testing market companies?

Answer: Some of the key penetration testing companies are as follows:

• Rapid7
• Secureworks
• Synopsys
• CrowdStrike
• IBM
• Coalfire Labs
• Indium Software
• Cigniti Technologies
• Trustwave
• Cisco Systems

Q6. Which penetration testing market segment will be the largest in future?

Answer: Lucintel forecast that on-premise is expected to witness highest growth over the forecast period.

Q7. In penetration testing market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rapid digitization, growing adoption of cloud-based security testing in SMEs, and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the penetration testing market by testing type (network penetration testing, application penetraiton testing, social engineering tests,cloud penetration testing, and others), organisation size (large enterprise and small and medium enterprise), deployment mode (on-premise and cloud), end use industry (BFSI, manufacturing, healthcare, government and defense, energy and utilities, retail and e-commerce, IT and telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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