PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531085
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531085
Penetration Testing Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
In 2024, the worldwide penetration testing industry will produce revenue of USD 1,818.2 million, which is projected to experience a CAGR of 17.2% over the projection period, to attain USD 4,707.8 million by the end of the decade.
The development of the industry is because of the growing requirement for protection from cyberattacks in a progressively digital world. Because of this, industries and firms are at a high risk of being breached for data and other malicious purposes. Therefore, safety and privacy being a key concern for businesses is propelling the focus on penetration testing.
AI integration in penetration testing is enhancing the testing needed in industries. AI can do so by analyzing the different stratagems and the weak links of the system. AI can be incorporated in diagnosing vulnerabilities and in the vulnerability assessment and scanning phases of testing to aid in the comprehension of the results of the scans, provide additional information to the results, and eliminate unnecessary data.
AI helps keep attack/ intruder away from the system by ensuring that its access is not continuous, and its flexible nature provides continuous different approaches to the exploitation of the system. These abilities of AI aid in mimicking more elaborate and advanced attack scenarios, thus allowing IT departments to remain one step ahead of the miscreants by strengthening their frameworks with the right software employment.
Key Insights
In 2024, the on-premises category is leading the industry with 70% revenue because of the requirement for high-level security and direct control over the testing environment.
The key benefit of on-premises deployment is entire control over the system and complete data privacy.
Multinational businesses with sensitive data and economic resources prefer on-premises deployment because of data privacy and security concerns.
The cloud category is estimated to advance at a higher CAGR of 17.5% over the projection period because of the flexibility of public, private, and hybrid cloud modes.
In 2024, the large enterprises category leads the industry with 75% revenue because of their economic strength, industry knowledge, and requirement for robust IT infrastructure protection.
The SME category is estimated to advance at a higher CAGR of 17.4% during the projection period because of the acceptance of cloud-based deployment, which provides affordability and less hassle.
The vulnerability scanners category is the largest in the market with 40% revenue in 2024 and is the fastest-growing due to cost-effective, automated continuous monitoring and proactive security.
The gray box testing category holds the largest share and will be the fastest-growing with a 17.8% CAGR during 2024-2030 due to the surge in web application testing and high accuracy for complex applications.
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The mobile application category is the fastest-growing with an 18.0% CAGR over this decade, driven by the BYOD policy, increased cyberattack risk, and targeted mobile banking services.
The BFSI category is the largest with a 35% share in 2024 due to the high risk of cyber fraud and regulatory requirements for regular penetration testing.
North America holds the largest market share at around 50% due to the presence of many tech companies, adoption of innovative technologies, and increased cyberattack risk.
Asia-Pacific region is projected to grow at the highest CAGR of 17.6% due to the rapid adoption of cloud computing and mobile applications, with many SMEs availing penetration testing services due to increased cybercrime risk.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by deployment mode
- 1.4.2. Market size breakdown, by organization size
- 1.4.3. Market size breakdown, by testing tool
- 1.4.4. Market size breakdown, by breach level
- 1.4.5. Market size breakdown, by testing type
- 1.4.6. Market size breakdown, by end user
- 1.4.7. Market size breakdown, by region
- 1.4.8. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Deployment Mode (2019-2030)
- 6.3. Market Revenue, by Organization Size (2019-2030)
- 6.4. Market Revenue, by Testing Tool (2019-2030)
- 6.5. Market Revenue, by Breach Level (2019-2030)
- 6.6. Market Revenue, by Testing Type (2019-2030)
- 6.7. Market Revenue, by End User (2019-2030)
- 6.8. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Deployment Mode (2019-2030)
- 7.3. Market Revenue, by Organization Size (2019-2030)
- 7.4. Market Revenue, by Testing Tool (2019-2030)
- 7.5. Market Revenue, by Breach Level (2019-2030)
- 7.6. Market Revenue, by Testing Type (2019-2030)
- 7.7. Market Revenue, by End User (2019-2030)
- 7.8. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Deployment Mode (2019-2030)
- 8.3. Market Revenue, by Organization Size (2019-2030)
- 8.4. Market Revenue, by Testing Tool (2019-2030)
- 8.5. Market Revenue, by Breach Level (2019-2030)
- 8.6. Market Revenue, by Testing Type (2019-2030)
- 8.7. Market Revenue, by End User (2019-2030)
- 8.8. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Deployment Mode (2019-2030)
- 9.3. Market Revenue, by Organization Size (2019-2030)
- 9.4. Market Revenue, by Testing Tool (2019-2030)
- 9.5. Market Revenue, by Breach Level (2019-2030)
- 9.6. Market Revenue, by Testing Type (2019-2030)
- 9.7. Market Revenue, by End User (2019-2030)
- 9.8. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Deployment Mode (2019-2030)
- 10.3. Market Revenue, by Organization Size (2019-2030)
- 10.4. Market Revenue, by Testing Tool (2019-2030)
- 10.5. Market Revenue, by Breach Level (2019-2030)
- 10.6. Market Revenue, by Testing Type (2019-2030)
- 10.7. Market Revenue, by End User (2019-2030)
- 10.8. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Deployment Mode (2019-2030)
- 11.3. Market Revenue, by Organization Size (2019-2030)
- 11.4. Market Revenue, by Testing Tool (2019-2030)
- 11.5. Market Revenue, by Breach Level (2019-2030)
- 11.6. Market Revenue, by Testing Type (2019-2030)
- 11.7. Market Revenue, by End User (2019-2030)
- 11.8. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Deployment Mode (2019-2030)
- 12.3. Market Revenue, by Organization Size (2019-2030)
- 12.4. Market Revenue, by Testing Tool (2019-2030)
- 12.5. Market Revenue, by Breach Level (2019-2030)
- 12.6. Market Revenue, by Testing Type (2019-2030)
- 12.7. Market Revenue, by End User (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Deployment Mode (2019-2030)
- 13.3. Market Revenue, by Organization Size (2019-2030)
- 13.4. Market Revenue, by Testing Tool (2019-2030)
- 13.5. Market Revenue, by Breach Level (2019-2030)
- 13.6. Market Revenue, by Testing Type (2019-2030)
- 13.7. Market Revenue, by End User (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Deployment Mode (2019-2030)
- 14.3. Market Revenue, by Organization Size (2019-2030)
- 14.4. Market Revenue, by Testing Tool (2019-2030)
- 14.5. Market Revenue, by Breach Level (2019-2030)
- 14.6. Market Revenue, by Testing Type (2019-2030)
- 14.7. Market Revenue, by End User (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Deployment Mode (2019-2030)
- 15.3. Market Revenue, by Organization Size (2019-2030)
- 15.4. Market Revenue, by Testing Tool (2019-2030)
- 15.5. Market Revenue, by Breach Level (2019-2030)
- 15.6. Market Revenue, by Testing Type (2019-2030)
- 15.7. Market Revenue, by End User (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Deployment Mode (2019-2030)
- 16.3. Market Revenue, by Organization Size (2019-2030)
- 16.4. Market Revenue, by Testing Tool (2019-2030)
- 16.5. Market Revenue, by Breach Level (2019-2030)
- 16.6. Market Revenue, by Testing Type (2019-2030)
- 16.7. Market Revenue, by End User (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Deployment Mode (2019-2030)
- 17.3. Market Revenue, by Organization Size (2019-2030)
- 17.4. Market Revenue, by Testing Tool (2019-2030)
- 17.5. Market Revenue, by Breach Level (2019-2030)
- 17.6. Market Revenue, by Testing Type (2019-2030)
- 17.7. Market Revenue, by End User (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Deployment Mode (2019-2030)
- 18.3. Market Revenue, by Organization Size (2019-2030)
- 18.4. Market Revenue, by Testing Tool (2019-2030)
- 18.5. Market Revenue, by Breach Level (2019-2030)
- 18.6. Market Revenue, by Testing Type (2019-2030)
- 18.7. Market Revenue, by End User (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Deployment Mode (2019-2030)
- 19.3. Market Revenue, by Organization Size (2019-2030)
- 19.4. Market Revenue, by Testing Tool (2019-2030)
- 19.5. Market Revenue, by Breach Level (2019-2030)
- 19.6. Market Revenue, by Testing Type (2019-2030)
- 19.7. Market Revenue, by End User (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Deployment Mode (2019-2030)
- 20.3. Market Revenue, by Organization Size (2019-2030)
- 20.4. Market Revenue, by Testing Tool (2019-2030)
- 20.5. Market Revenue, by Breach Level (2019-2030)
- 20.6. Market Revenue, by Testing Type (2019-2030)
- 20.7. Market Revenue, by End User (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Deployment Mode (2019-2030)
- 21.3. Market Revenue, by Organization Size (2019-2030)
- 21.4. Market Revenue, by Testing Tool (2019-2030)
- 21.5. Market Revenue, by Breach Level (2019-2030)
- 21.6. Market Revenue, by Testing Type (2019-2030)
- 21.7. Market Revenue, by End User (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Deployment Mode (2019-2030)
- 22.3. Market Revenue, by Organization Size (2019-2030)
- 22.4. Market Revenue, by Testing Tool (2019-2030)
- 22.5. Market Revenue, by Breach Level (2019-2030)
- 22.6. Market Revenue, by Testing Type (2019-2030)
- 22.7. Market Revenue, by End User (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Deployment Mode (2019-2030)
- 23.3. Market Revenue, by Organization Size (2019-2030)
- 23.4. Market Revenue, by Testing Tool (2019-2030)
- 23.5. Market Revenue, by Breach Level (2019-2030)
- 23.6. Market Revenue, by Testing Type (2019-2030)
- 23.7. Market Revenue, by End User (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Deployment Mode (2019-2030)
- 24.3. Market Revenue, by Organization Size (2019-2030)
- 24.4. Market Revenue, by Testing Tool (2019-2030)
- 24.5. Market Revenue, by Breach Level (2019-2030)
- 24.6. Market Revenue, by Testing Type (2019-2030)
- 24.7. Market Revenue, by End User (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Deployment Mode (2019-2030)
- 25.3. Market Revenue, by Organization Size (2019-2030)
- 25.4. Market Revenue, by Testing Tool (2019-2030)
- 25.5. Market Revenue, by Breach Level (2019-2030)
- 25.6. Market Revenue, by Testing Type (2019-2030)
- 25.7. Market Revenue, by End User (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Deployment Mode (2019-2030)
- 26.3. Market Revenue, by Organization Size (2019-2030)
- 26.4. Market Revenue, by Testing Tool (2019-2030)
- 26.5. Market Revenue, by Breach Level (2019-2030)
- 26.6. Market Revenue, by Testing Type (2019-2030)
- 26.7. Market Revenue, by End User (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Deployment Mode (2019-2030)
- 27.3. Market Revenue, by Organization Size (2019-2030)
- 27.4. Market Revenue, by Testing Tool (2019-2030)
- 27.5. Market Revenue, by Breach Level (2019-2030)
- 27.6. Market Revenue, by Testing Type (2019-2030)
- 27.7. Market Revenue, by End User (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Deployment Mode (2019-2030)
- 28.3. Market Revenue, by Organization Size (2019-2030)
- 28.4. Market Revenue, by Testing Tool (2019-2030)
- 28.5. Market Revenue, by Breach Level (2019-2030)
- 28.6. Market Revenue, by Testing Type (2019-2030)
- 28.7. Market Revenue, by End User (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. RAPID7 INC.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Secureworks Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Synopsys Inc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. CrowdStrike Holdings Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. IBM Corporation
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Cigniti Technology Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. TrustWave Holdings Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Cisco Systems Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Fortinet Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Bugcrowd
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Invicti Security Corp
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
