The Global Penetration Testing Market is valued at USD 1.87 Billion in 2021 and is expected to reach USD 5.28 Billion by 2028 with a CAGR of 15.97% over the forecast period.
Penetration testing, also called pen testing or ethical hacking, is the practice of testing a computer system, network, or web application to find security vulnerabilities that an attacker can exploit. Penetration testing is used to prevent vulnerabilities in computer systems through cyber-attacks and threats. These test solutions improve, verify, and measure information systems. Through this system, one can easily access various resources without being identified. This advanced set of technologies is growing in demand across industrial verticals that hold large amounts of sensitive data. Due to the threat of cyber-attacks and the high rate of cybercrime activity, the use of secure web applications allows most enterprises to control access.
The COVID-19 pandemic has had a negative impact on the growth of the global penetration testing market. Many have lost their livelihoods due to this global epidemic. It has affected the dynamics and growth of many industries. Everyone is concerned about their immunity and observes social distancing. Under the lockdown situation, the operational activities of various end-user industries were halted, which reduced the demand for penetration testing, leading to lower sales revenue. Supply chain networks were also disrupted, leading to a decline in profitability.
The global penetration testing market is segmented on the type, deployment, end-user, region & country level. Based on type, the global penetration testing market is segmented into wireless network penetration testing services, network penetration testing, web application penetration testing, social engineering penetration testing, mobile application penetration testing, and others. By deployment, the global penetration testing market is segmented into cloud and on-premises. By end-user, the global penetration testing market is segmented into healthcare, government & defense, retail, BFSI, IT & telecom, Others.
The regions covered in the global penetration testing market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global penetration testing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
On November 1st, 2022, Trustwave, a global managed security provider, launched a new enterprise penetration testing offering to meet the needs of large organizations handling large-scale vulnerability detection. Data and email security, managed detection and response, consultancy, and professional services are all offered by TrustWave. Its SpiderLabs team provides award-winning threat research and intelligence that is then incorporated into Trustwave's services and products, all with the goal of strengthening cyber resilience against the constant barrage of advanced threats that organizations around the world face every day.
On April 28th, 2020, the crowdsourcing security company launched the Bugcrowd Classic Pen Test service to offer enterprises a more cost-effective and efficient way to test their cybersecurity posture. The new tool enables businesses to execute pen tests in less than 72 hours and is built on the same crowdsourcing infrastructure that Bugcrowd uses for its outsourced bug reward and vulnerability disclosure programmers, according to the startup.
The rising number of data centres is boosting the growth of the penetration testing market. For instance, according to the Usenix Symposium on Internet Technologies and Systems, there will be more than 2,600 data centres across the country on May 20, 2021. So, the answer is that California, known as the location of many data-intensive companies (Google, Facebook, Uber, Twitter, and Yelp), currently has the highest number of data centres (149). Penetration testing is an important factor in ensuring a high level of security in a data centre. This test is also useful for companies during security audits and assessments. Data usage has increased significantly due to high-speed internet connections, increasing industrial automation, and the penetration of mobile devices. For instance, today there are more than six billion smartphone subscriptions globally, and in the next few years, that figure is expected to increase by several hundred million more. The establishment of colocation data centres is expected to be driven by the industrial sector, which is the largest generator of data. Companies in this sector are increasingly digitizing their operations and services, increasing their reliance on data centres. Process and manufacturing industries are embracing industrial IoT to improve operational efficiency, which will generate large amounts of data and positively impact the penetration testing market.
In addition, one of the major factors in the growth of the penetration testing market is the increasing adoption of cloud computing solutions and services. Since the cost of cloud-based services is relatively low and there is no need to set up a dedicated IT infrastructure, the use of cloud computing solutions and services is growing rapidly worldwide. Furthermore, cloud deployment makes software more vulnerable and easily accessible to unauthorised users. Moreover, it helps the organization get a more comprehensive view of cloud assets. For instance, as per the news published, on July 27th, 2022, Snyk, the specialist in developer security, unveiled Snyk Cloud and announced the launch of the industry's first comprehensive cloud security solution designed by and for developers. Additionally, cloud computing solutions and services are in high demand for penetration testing, as it is designed to integrate the cloud system's strengths and weaknesses to improve its overall security posture. Such demands are fuelling the growth of the penetration testing industry.
Moreover, the growing sophistication of cyberattacks is also supplementing the penetration testing market's growth. However, rising security breaches due to internal vulnerabilities associated with penetration testing may hinder the growth of the global penetration testing market. Despite that, increasing internet penetration and the use of smartphones may create more opportunities in the global penetration testing market.
Geographically, North America will hold a significant share of the global penetration testing market during the forecast period, owing to increasing smartphone adoption, rising software testing investment, and rising disposable income, these factors boost the market. The increasing adoption of smartphones is driving the growth of the market. For instance, according to the Cellular Telecommunications & Internet Association, the number of smartphone users in the United States in 2022 was 307 million. Therefore, the increasing prevalence of smartphones is expected to fuel penetration testing market growth over the forecast period.
The Asia Pacific is the fastest-growing region in the global penetration testing market due to the increasing number of sophisticated cyber frauds faced by citizens and businesses, rising technological innovations, and growing penetration of smartphones. These factors boost the market. For instance, according to the India Brand Equity Foundation, on September 16th, 2021; smartphone shipments are projected to reach 173 million in 2021, an increase of 14% over 2020 figures. Therefore, the increasing prevalence of smartphones led to the growth of the global penetration testing market in the Asia Pacific region.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 1.87 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 5.28 Billion|
|Tables, Charts & Figures:||175|
|Penetration Testing Companies||Checkmarx Ltd., Coalfire Systems, Inc., Core Security Technologies, FireEye, Inc., HackerOne Inc., ImmuniWeb SA, Indium Software, International Business Machines Corporation, Netragard LLC, Netsparker Ltd., OffSec Services Limited, Micro Focus International plc, Acunetix Ltd., and others.|
|Segments Covered||By Type, By Deployment, By End User Industry|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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