How big is the Penetration Testing Market?

The Penetration Testing Market size is expected to reach USD 4.25 billion in 2024 and grow at a CAGR of 24.59% to reach USD 12.76 billion by 2029. Read More

What is the current Penetration Testing Market size?

In 2024, the Penetration Testing Market size is expected to reach USD 4.25 billion. Read More

Who are the key players in Penetration Testing Market?

IBM Corporation, Rapid7, Inc., FireEye Inc., VERACODE Inc. and Broadcom Inc. (Symantec Corporation) are the major companies operating in the Penetration Testing Market. Read More

Which is the fastest growing region in Penetration Testing Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Penetration Testing Market?

In 2024, the North America accounts for the largest market share in Penetration Testing Market. Read More

What years does this Penetration Testing Market cover, and what was the market size in 2023?

In 2023, the Penetration Testing Market size was estimated at USD 3.20 billion. The report covers the Penetration Testing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Penetration Testing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Penetration Testing Market Share

Statistics for the 2023 & 2024 Penetration Testing market share, created by Mordor Intelligence™ Industry Reports. Penetration Testing share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Penetration Testing Industry

Market Characteristics: The penetration testing market is semi consolidated, with both global and regional players contributing to the overall landscape. Large multinational companies dominate the space, providing comprehensive cybersecurity solutions, including penetration testing as a part of broader security services. The market sees a balance between specialized cybersecurity firms and established tech conglomerates, leading to healthy competition. The moderately consolidated nature allows new players to enter, but they face significant competition from established companies with advanced capabilities.

Major Players: The leading companies in the penetration testing market include IBM Corporation, Rapid7, FireEye Inc., VERACODE, and Broadcom (Symantec). These players offer comprehensive penetration testing solutions as part of their larger cybersecurity portfolios, catering to enterprises across various industries. They have a global presence and are known for their strong research and development capabilities, enabling them to innovate and keep up with emerging threats.

Trends and Future Success Factors: The growing sophistication of cyberattacks is driving demand for advanced penetration testing services. To succeed in this market, companies must focus on improving their automation capabilities, integrating AI, and ensuring that their solutions address evolving security needs. Emphasizing cloud security and scalable solutions is also crucial as organizations continue to shift their operations to the cloud. Effective penetration testing companies will need to offer seamless, scalable services while maintaining a cutting-edge approach to threat detection.