Penetration Testing Market Size - By Offering, By Deployment Model, Application, Enterprise Size, End-user & Forecast, 2024

Description

Penetration testing market size will register over 17% CAGR between 2024 and 2032, led by the increasing frequency and sophistication of cyberattacks, which compel organizations to prioritize robust cybersecurity measures. According to a study by Cybersecurity Ventures, a cyberattack occurred every 39 seconds in 2023, leading to more than 2,200 incidents per day. As cyber threats evolve, companies across industries are recognizing the need to identify and address vulnerabilities in their systems before they can be exploited by malicious actors. Subsequently, penetration testing, which simulates cyberattacks to identify and optimize security vulnerabilities, has become an integral part of comprehensive cybersecurity strategies.

The stringent regulatory landscape along with the compliance requirements imposed by governments and industry bodies will also influence the market growth. Regulations, such as GDPR, HIPAA, and PCI DSS are mandating regular security assessments and vulnerability management practices to protect personal financial information, including penetration testing. The growing awareness among small and medium-sized enterprises (SMEs) of the need for cybersecurity measures is further driving the demand for cost-effective and capable penetration testing solutions.

The industry is segmented into offering, deployment model, application, enterprise size, end-user industry, and region.

Based on enterprise size, the penetration testing market from the SMEs segment is poised to record notable growth rate during 2024-2032 due to increasing awareness of cybersecurity threats and the need to protect sensitive business data from potential breaches. As cyberattacks become more sophisticated, SMEs, which typically have limited resources and cybersecurity expertise, are recognizing the importance of proactive security measures. Penetration testing also provides these businesses with practical solutions to identify vulnerabilities and strengthen their defenses against cyber threats.

With respect to end-user industry, the penetration testing market from the IT & telecom segment is set to grow at notable CAGR during the forecast period owing to the crucial need for securing vast amounts of sensitive data and ensuring the integrity of complex, interconnected networks. Penetration testing helps organizations to identify and mitigate vulnerabilities prior to implementation, thereby protecting their operations and customer trust. The rapid adoption of advanced technologies like 5G, cloud services and IoT in the IT & telecommunications industries will increase the potential for attacks, further driving the segment growth.

Asia Pacific penetration testing industry size will grow at significant CAGR through 2032, attributed to the rapid digital transformation and the increasing adoption of cloud services, mobile applications, and IoT devices across various industries. As businesses and governments in China, India and Japan expand their digital infrastructure, the potential for cyber threat attacks is also increasing, subsequently necessitating stronger security measures. The rise of cybercrime, coupled with growing awareness of the importance of cybersecurity has also led organizations in APAC to invest in proactive security solutions to protect sensitive information and continue to work.

Product Code: 8986

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Solution providers
- 3.2.2 Service providers
- 3.2.3 Cloud service providers
- 3.2.4 Technology providers
- 3.2.5 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing cybersecurity threats across the globe
  - 3.8.1.2 Growing adoption of cloud services
  - 3.8.1.3 Stringent regulatory compliances for data protection
  - 3.8.1.4 Growing digital transformation initiatives across the globe
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Complexity of penetration testing
  - 3.8.2.2 Lack of expertise
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Offering, 2021-2032 (USD Billion)

5.1 Key trends
5.2 Solution
5.3 Services
- 5.3.1 Professional services
- 5.3.2 Managed services
- 5.3.3 Consulting services

Chapter 6 Market Estimate & Forecast, By Deployment Model, 2021-2032 (USD Billion)

6.1 Key trends
6.2 On-premises
6.3 Cloud

Chapter 7 Market Estimates & Forecast, By Enterprise Size, 2021-2032 (USD Billion)

7.1 Key trends
7.2 Large enterprises
7.3 SMEs

Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion)

8.1 Key trends
8.2 Network infrastructure
8.3 Web applications
8.4 Mobile applications
8.5 Social engineering
8.6 Cloud
8.7 Others

Chapter 9 Market Estimates & Forecast, By End-User, 2021-2032 (USD Billion)

9.1 Key trends
9.2 BFSI
- 9.2.1 Large enterprises
- 9.2.2 SMEs
9.3 Healthcare
- 9.3.1 Large enterprises
- 9.3.2 SMEs
9.4 IT & telecom
- 9.4.1 Large enterprises
- 9.4.2 SMEs
9.5 Retail & consumer goods
- 9.5.1 Large enterprises
- 9.5.2 SMEs
9.6 Manufacturing
- 9.6.1 Large enterprises
- 9.6.2 SMEs
9.7 Education
- 9.7.1 Large enterprises
- 9.7.2 SMEs
9.8 Energy and utilities
- 9.8.1 Large enterprises
- 9.8.2 SMEs
9.9 Others
- 9.9.1 Large enterprises
- 9.9.2 SMEs

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Astra IT, Inc.
11.2 BreachLock Inc.
11.3 Broadcom Inc. (Symantec Corporation)
11.4 Checkmarx Ltd.
11.5 Clavax Technologies LLC
11.6 Core Security
11.7 Cyberhunter Solutions
11.8 FireEye Inc.
11.9 IBM Corporation
11.10 Indium Software
11.11 Micro Focus
11.12 NCC Group
11.13 Netsparkar
11.14 Offensive Security Ltd.
11.15 Rapid7, Inc.
11.16 Rhino Security Labs
11.17 SecureWorks
11.18 Synopsys Inc.
11.19 Trustwave Holdings, Inc.
11.20 Veracode
11.21 Verizon

Penetration Testing Market Size - By Offering, By Deployment Model, Application, Enterprise Size, End-user & Forecast, 2024 - 2032