Global Cybersecurity, Red Teaming and Penetration Testing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cybersecurity, Red Teaming and Penetration Testing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cybersecurity, Red Teaming and Penetration Testing are all used to examine the cybersecurity of an organization. For example, penetration testing is designed to identify application-layer flaws, network and system-level flaws, and opportunities to breach physical security barriers. In this article, Cybersecurity, Red Teaming and Penetration Testing can be mainly divided into Network Penetration Testing, Web Application Penetration Testing, Mobile Application Penetration Testing, etc.

Market Overview:

The latest research study on the global Cybersecurity, Red Teaming and Penetration Testing market finds that the global Cybersecurity, Red Teaming and Penetration Testing market reached a value of USD 133164.23 million in 2022. It’s expected that the market will achieve USD 266667.41 million by 2028, exhibiting a CAGR of 12.27% during the forecast period.

Influence of Regional Conflicts on the Cybersecurity, Red Teaming and Penetration Testing Industry

The power of major countries in the world's cyberspace political and military fields continues to grow, hacker organizations with national backgrounds are developing rapidly, the ability to guarantee cyberspace sovereignty is becoming more and more important, and the competition for the dominance and discourse power of cyberspace rules is more intense. From the perspective of maintaining national security, cyberspace is becoming a new battlefield for major power competition, and the geopolitical nature of cyberspace is increasingly apparent.

For example, the outbreak of the Russian-Ukrainian war led to an increase in cyber-attacks. The FBI warned five U.S. energy companies in mid-March that computers using Russian Internet addresses had been scanning their networks, in a possible prelude to a larger cyberattack. Top U.S. cybersecurity officials have warned that Russia is looking to conduct disruptive or disruptive digital attacks rather than routine espionage. On May 16, the Russian hacking group Killnet announced a cyber war to the governments of ten countries, including the United States. This will increase the development of the cyber security market as cyber-attacks from Russia increase. In general, with the outbreak of regional conflicts, the incidence of cyber-attacks will continue to increase. Therefore, the government and enterprises will further strengthen the network defense means, optimize the equipment construction, and increase the demand for Cybersecurity, Red Teaming and Penetration Testing.

Cybersecurity, Red Teaming and Penetration Testing Market Drivers Analysis

Local conflicts and conflicts in global cyberspace continue one after another. Real conflicts and cyberspace conflicts are intertwined. In the increasingly unstable global cybersecurity landscape, large-scale targeted cyber operations have increased significantly, and the complexity of attacks has continued to rise. Cybersecurity has become an issue affecting countries' important factors in safety. To this end, countries continue to strengthen top-level network design, accelerate military competition in cyberspace, and accelerate the empowerment of cybersecurity technologies. National-level cybersecurity capacity building is being integrated with private enterprise technologies.

At the same time, with the rapid development of information technology, especially the rapid development of new-generation information technologies such as cloud computing, big data, the Internet of Things, and artificial intelligence, network information security risks have been comprehensively generalized, and the types and complexity have increased significantly. Therefore, the scope of the network information security industry has also been continuously extended and expanded, and the types of products and services have been continuously enriched and refined compared with the traditional classification. In this context, the government has issued a series of policies to support the development of the cybersecurity industry.

For example, in China, since 2013, my country has successively established the Central National Security Committee, the Central Cybersecurity and Information Technology Commission, promulgated the new National Security Law and the Cybersecurity Law, and formulated a number of policies to encourage the development of the industry. On July 11, 2017, the Cyberspace Administration of China issued the Regulations on the Security Protection of Critical Information Infrastructure (Draft for Comment). On December 1, 2019, the Basic Requirements for Information Security Technology Network Security Level Protection, Information Security Technology Network Security Level Protection Evaluation Requirements, and Information Security Technology Network Security Level Protection Security Design Technical Requirements were officially implemented.

In the European Union, the Digital Europe Plan for the period 2021-2027 is an ambitious plan to invest EUR 1.9 billion in cybersecurity capabilities and the broad deployment of cybersecurity infrastructure and tools. A number of new EU policy initiatives have improved the cybersecurity of companies and public organizations within the EU. In the U.S., where 2021 the government issued an executive order to improve national cybersecurity, the private sector must adapt to the changing threat landscape, ensure its products are built and operate securely, and work with the federal government to create a safer cyberspace.

Region Overview:

From 2022-2027, United States is estimated to witness robust growth prospects.

Company Overview:

Palo Alto Networks, Inc. provides network security solutions. The Company offers firewalls that identify and control applications, scan content to stop threats, prevent data leakage, integrated application, user, and content visibility. Palo Alto Networks serves customers worldwide.

IBM, is a US computer, technology and IT consulting corporation head quartered in New York. IBM is best known for producing and selling computer hardware and software, as well as cloud computing and data analytics.

Segmentation Overview:

Among different product types, Social Engineering segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Government and Defense segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Cybersecurity, Red Teaming and Penetration Testing market covered in Chapter 3:

Palo Alto Networks
Contrast Security
Core Security SDI Corporation
Trustwave Holdings, Inc.
NortonLifeLock
Cisco
Microsoft
Qualys, Inc.
Redteam Security Consulting
Synopsys, Inc.
Symphony Technology Group
Portswigger Ltd.
Veracode
Crowdstrike
Invicti Security
IBM
Check Point Software Technologies
Splunk
Rapid7, Inc.
Hewlett Packard Enterprise
Fortinet
Accenture

In Chapter 4 and Chapter 14.2, on the basis of types, the Cybersecurity, Red Teaming and Penetration Testing market from 2018 to 2029 is primarily split into:

Network Penetration Testing
Web Application Penetration Testing
Mobile Application Penetration Testing
Social Engineering
Wireless Penetration Testing
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cybersecurity, Red Teaming and Penetration Testing market from 2018 to 2029 covers:

Government and Defense
Banking, Financial Services, and Insurance (BFSI)
IT and telecom
Healthcare
Retail
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)