1. What is the projected Compound Annual Growth Rate (CAGR) of the Penetration Testing Market?
The projected CAGR is approximately 12.6%.
+1 2315155523
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
Penetration Testing MarketPenetration Testing Market by Deployment Mode (On-Premise, Cloud), by Testing Type (Network Penetration Testing, Web Application, Mobile Application, Social Engineering, Cloud Penetration Testing, Others), by Enterprise Type (Large Enterprises, Small & Medium Enterprises (SMEs), by End-Users (BFSI, IT, Telecommunications, Healthcare, Retail, Consumer Goods, Government, Public, Others), by By Deployment Mode (On-Premise, Cloud), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of the Middle East & Africa), by Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The Penetration Testing Market size was valued at USD 2.20 USD Billion in 2023 and is projected to reach USD 5.05 USD Billion by 2032, exhibiting a CAGR of 12.6 % during the forecast period. The rising number of cyberattacks and data breaches drives market growth. Organizations are increasingly recognizing the importance of penetration testing to identify and fix vulnerabilities in their systems before they can be exploited by attackers. Penetration testing is the exercise where a cyber security expert tries to identify the vulnerabilities of the computer system and attempts exploit them. The design of such an assault is centered on the identification of any weak points in the system that opponents might infiltrate. The penetration testers use the same tools, techniques and methods as the attackers to find and to display the operational consequences when the vulnerabilities in a system are found. They can verify that a system can be immune from assaults coming from legitimate and unauthorized positions, as well as a variety of system roles. Scope of a pen test can allow a pen tester to delve into any issue of a system.
Deployment Mode:
Testing Type:
Enterprise Type:
End-Users:
The Penetration Testing Market Report provides comprehensive market analysis, including:
The market is expected to grow significantly in the Asia-Pacific region due to the increasing adoption of digital technologies, the increasing number of cyberattacks, and government initiatives to promote cybersecurity.
A review of patents related to penetration testing shows an increasing focus on automation and cloud security.
Penetration testing is a crucial component of cybersecurity strategies, and the market is expected to continue growing as organizations prioritize protecting their systems and data.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 12.6% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 12.6%.
Key companies in the market include CrowdStrike (U.S.), Rapid7 (U.S.), Synopsys, Inc. (U.S.), Secureworks, Inc. (U.S.), Invicti (U.S.) , IBM Corporation (U.S.), ASTRA IT, Inc. (U.S.), Indusface (India), BreachLock Inc. (The Netherlands), THREATSPIKE LABS (U.K..
The market segments include Deployment Mode, Testing Type, Enterprise Type, End-Users.
The market size is estimated to be USD 2.20 USD Billion as of 2022.
Rising Need to Identify Cybersecurity Threats and Risks Across Enterprise Networks to Aid Market Growth.
Rising Impact of DevSecOps Tools and Social Engineering Trends to Propel Market Growth.
Growing Need for Improvising Data Inconsistency to Hamper Market Growth.
December 2023: Chubb, the publicly traded property and casualty insurance company, announced a partnership with NetSPI, a proactive security provider, to improve its customers' cyber risk profiles through improved attack surface management and penetration testing solutions.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Billion.
Yes, the market keyword associated with the report is "Penetration Testing Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
To stay informed about further developments, trends, and reports in the Penetration Testing Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.