Global Penetration Testing Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Penetration testing is defined as the stimulation cyber-attack against computer system to verify exploitable vulnerabilities. Global penetration testing market size was valued at $0.74 billion in 2017 and is estimated to reach $4.08 billion by 2025 with the CAGR of 23.87% during 2019-2025. The major factors that are driving the growth of penetration testing market are rising need to meet compliance of requirements, rising numerous range of mobile applications & users, growing disposable income and need for protection from cyber-attacks. However, lack of interest in running full penetration testing operation and lack of security application expertise are hampering the market growth. The factors that are expected to drive the market in future are an evolution of IoT and advantages of incorporating security methods during the application development phase.

Research Study Objectives:

• Define, estimate, and forecast the Penetration testing Market statistics by deployment mode, testing services, organisation size, component, type, end users and regions concerning the individual growth drivers, market trends and their contribution toward the penetration testing market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the penetration testing market analysis report.
• Analysis and conclusions on the future penetration testing market outlook.

Top-down and bottom-up approaches are used to validate the penetration testing market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The penetration testing market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the penetration testing market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The penetration testing market segmentation is as follows:

By Deployment Mode

• Cloud
• On-Premises

By Testing Services

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

By Organisation Size

• Small and Medium Enterprises
• Large Enterprises

By Component

• Services
  • Professional Services
    • Consulting Services
    • Implementing & Integrating Services
    • Training Services
    • Managed Services

By Type

• External Testing
• Internal Testing
• Blind Testing
• Double Blind Testing

 By End Users

• Banking, Financial Service, Insurance (BFSI)
• Government and Defense
• IT and Telecom
• Retail
• Healthcare and Lifesciences
• Energy and Utility
• Manufacturing
• Others

 Geographical Analysis:

Penetration testing market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the penetration testing market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Penetration testing Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant Penetration testing, such as
  • Hewlett Packard Enterprise (HPE) Company
  • Rapid7, Inc.
  • IBM Corporation
  • Trustwave Holdings, Inc.
  • Synopsys, Inc.

Along with these companies, many other companies are considered in the report while analysing the global penetration testing market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.