The global penetration testing market was valued at $1.5 billion in 2021 and is expected to reach $ 5.23 billion by 2031, growing at a 13.1% CAGR between 2022 and 2031.
.jpg "The Global Penetration Testing Market 2021-2031 (USD Billion)")
Penetration testing is a form of ethical hacking that is used to test the security of any network or computer system. With the penetration testing, a simulated cyber-attack gets deployed on the computer system to find out security vulnerabilities, which later can help in evaluating the potential security breaches. It can be performed manually or automated with the software application.
The global Penetration Testing market size is anticipated to reach over USD 3 Billion by 2025. This can be attributed to the rising number of data breaches and increasing adoption and demand for cloud computing solutions across numerous organizations.
However, the lack of skilled and professional security analysts is expected to hamper the market growth. Moreover, the increasing initiatives by the government and various organizations on the digitization of overall business processes are anticipated to create lucrative opportunities for the market in upcoming years.
Penetration Testing Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | $ 5.23 billion |
| Growth Rate | CAGR of 13.1 % during 2022-2031 |
| Segment Covered | by Component, by Type, By Deployment, By Organization Size, by End-users, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Core Security SDI Corporation (U.S.), Redteam Security Consulting (U.S.),Context Information Security (U.S.), Rapid7, Inc. (U.S.), Qualys, Inc. (U.S.), Veracode (U.S.), Trustwave Holdings, Inc. (U.S.), Acunetix (Malta), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Cigital Inc. (U.S.), WhiteHat Security (U.S.), and Checkmarx (Israel). |
Key Segment Of The Penetration Testing Market
By Component (USD Billion)
• Testing Solutions
• Services Solutions
By Organization Type, (USD Billion)
• Mall & Medium Enterprise
• Large Enterprise
By Type, (USD Billion)
• Double Blind Testing
• Internal Testing
• Blind Testing
• External Testing
By Deployment, (USD Billion)
• On Premise
• On Cloud
By End-Users, (USD Billion)
• Media & Entertainment
• Healthcare
• Energy & Power
• Manufacturing
• Bfsi
• It & Telecom
By Organization Size, (USD Billion)
• Banking, Financial Services and Insurance (BFSI)
• Telecom and Information Technology (IT)
• Government
• Consumer Goods and Retail
• Manufacturing
• Energy and Utilities
• Media and Entertainment
• Healthcare and Life Sciences
• Others (Education, Travel and Hospitality, and Transportation)
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
