Email
Print
Market Overview:
The Penetration Testing Market size is estimated to reach $4.6 billion by 2030, growing at a CAGR of 14.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Penetration Testing Market – By Testing Services (Network Penetration Testing, Web Application Penetration Testing, Mobile Application Penetration Testing, Social Engineering Penetration Testing, Wireless Penetration Testing, and Others), By Deployment Mode (Cloud, On-Premises), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Industry Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Retail, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Increasing focus on securing remote work environments is fueling the demand for penetration testing and growing digital transformation initiatives require enhanced security measures through penetration testing are fueling the growth of the Penetration Testing industry during the forecast period.
North America Dominated the Market in 2023:
North America accounted for the largest share of 42% of the Penetration Testing Market in 2023. The North America region is witnessing a strong demand for penetration testing services due to the increasing frequency of cyberattacks and stringent regulatory compliance requirements. Organizations are focusing on securing their digital assets as they adopt cloud computing, IoT, and remote work models. Additionally, the rise in ransomware attacks and the growing awareness of cybersecurity risks are driving businesses to invest in proactive security measures. The region’s emphasis on advanced technologies further fuels the adoption of penetration testing solutions.
Penetration Testing Market: Key Takeaways
Increasing Cyberattacks and Data Breaches are Driving the Demand for Penetration Testing Services:
The increasing frequency and sophistication of cyberattacks are driving the demand for penetration testing services. In 2023, there were 2,365 cyberattacks affecting 343 million victims, a 72% increase in data breaches since 2021, according to Forbes. This rise in incidents has left organizations vulnerable to hackers targeting their networks, applications, and systems. In response, businesses are adopting proactive security measures like penetration testing to identify and fix security gaps. This testing provides detailed insights into vulnerabilities, helping companies mitigate risks. Moreover, stringent data protection regulations are pushing organizations to integrate penetration testing into their cybersecurity strategies.
For More Queries About "Penetration Testing Market " @ https://www.industryarc.com/pdfdownload.php?id=500666
Growing Investments in Cybersecurity Solutions are Supporting Penetration Testing Adoption:
Growing investments in cybersecurity solutions are significantly supporting the adoption of penetration testing as organizations seek to safeguard their digital infrastructure. With the increasing complexity of cyber threats, businesses are allocating more resources to proactive security measures, including penetration testing, to identify and fix vulnerabilities before attackers can exploit them. Regulatory requirements and compliance standards also push companies to invest in comprehensive security solutions. Additionally, the rising trend of digital transformation, cloud migration, and the expansion of remote work environments are encouraging businesses to enhance their cybersecurity frameworks, making penetration testing a critical component of these protective strategies.
Scope of the Report:
Recent Developments:
- In July 2024, FireCompass has introduced Agent AI, a generative-AI powered tool for autonomous penetration testing, integrated into their platform to enhance testing coverage and efficiency. This advanced solution addresses severe cybersecurity challenges by automating the entire penetration testing workflow, surpassing traditional methods in speed and effectiveness.
- In March 2024, Pentera has launched Pentera Cloud, the first automated cloud penetration testing product, to enhance security by continuously assessing and mitigating vulnerabilities in cloud environments. This new tool integrates with Pentera's existing solutions to provide comprehensive coverage against cloud-native attacks and supports ongoing security validation for hybrid IT infrastructures.
Penetration Testing Market: Competitive Landscape
Key companies profiled in the Penetration Testing Market are IBM Corporation, Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Trustwave Holdings, Rapid7, Qualys, Inc., Trellix, Secureworks, Inc., NCC Group, BreachLock, Inc.and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727