Authored By: Sarah
07 Nov 2024

Increasing cyberattacks and data breaches is driving the Penetration Testing Market

Latest News: Penetration Testing Market 2024-2028: North America Leads Growth

Technavio analyzes that the Penetration Testing Market is expected to grow at a CAGR of 13.98% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1.93 billion.There are various factors that contribute to the growth of the market. In today's digital landscape, the significance of penetration testing has grown exponentially due to the escalating number of cyberattacks and data breaches. Penetration testing, also known as ethical hacking, is a critical security measure that enables organizations to identify and address vulnerabilities in their systems before malicious actors exploit them. By simulating real-world attacks, penetration testing helps fortify defenses and safeguard sensitive information from potential threats. The global penetration testing market is expected to witness robust growth in the coming years as businesses increasingly prioritize cybersecurity.

The global penetration testing market is witnessing substantial expansion due to escalating cybersecurity concerns and the increasing number of data breaches. Penetration testing, or ethical hacking, is an essential practice that enables organizations to proactively identify vulnerabilities within their software, cloud-based systems, and healthcare networks. By systematically attempting to exploit these weaknesses, penetration testing provides valuable insights into potential risks and offers recommendations for enhancing security. The solution segment, comprising software, platforms, and managed services, is a significant market driver. As businesses prioritize advanced security solutions to safeguard their critical assets from evolving cyber threats, the penetration testing market continues to thrive. 

Know which region is leading the market growth by requesting a sample report

Penetration Testing Market Segmentation

  • Component
    • Solution
    • Services
  • End-user
    • Large enterprises
    • Small
    • medium enterprises
  • Geography
    • North America
    • APAC
    • Europe
    • Middle East and Africa
    • South America

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Acunetix
  • Aujas
  • Checkmarx Ltd.
  • Coalfire Systems Inc.
  • Cycops Information Security Services
  • Fortra LLC
  • HackerOne Inc.
  • ImmuniWeb SA
  • Indium Software India Ltd.
  • International Business Machines Corp.
  • NetSPI LLC.
  • Network Intelligence
  • PALADIN SECURITY
  • Rapid7 Inc.
  • Raxis LLC
  • SecureLayer7.net
  • SecureTeam Ltd.
  • SecurEyes
  • Vumetric Inc.
  • ScienceSoft USA Corp.

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

The Penetration Testing Market is experiencing significant growth due to the surge in cyberattacks, internet penetration, and increased usage of smartphones. The pandemic has accelerated digitization and the shift to remote work, leading to an uptick in data breaches and cybercrime. Dark web activities and non-compliance measures pose threats, necessitating the need for Penetration Testing. CoreSecurity, DevSecOps, SMEs, Security Analysts, Software, Cloud-based solutions, Healthcare, IoT, and Wireless networks are key focus areas.

Market Research Overview

The global Penetration Testing Market is a significant segment of the expansive IT Consulting and Other Services Market, which falls under the IT Services Market umbrella. This market encompasses organizations providing IT consulting, system integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. Technavio's analysis of the IT Consulting and Other Services Market involves calculating the collective revenue generated by companies offering various IT consulting and information management services. Key drivers for the Penetration Testing Market include escalating cyberattacks, stringent regulations, and the increasing use of smartphones.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Reasons to Consider Purchasing Technavio Market Research Report

  • Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.

  • Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.

  • High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.