PUBLISHER: Lucintel | PRODUCT CODE: 1386572
PUBLISHER: Lucintel | PRODUCT CODE: 1386572
Penetration Testing Market Trends and Forecast
The future of the global penetration testing market looks promising with opportunities in the BFSI, manufacturing, healthcare, government and defense, energy and utilities, retail and e-commerce, and IT and telecom markets. The global penetration testing market is expected to reach an estimated $4.4 billion by 2030 with a CAGR of 19.8% from 2024 to 2030. The major drivers for this market are increasing concern towards cyberattacks among organizations, tremendous demand for smartphones, and rising demand for ML and AI integrated penetration testing systems.
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Penetration Testing Market by Segment
The study includes a forecast for the global penetration testing market by testing type, organisation size, deployment mode, end use industry, and region
Penetration Testing Market by Testing Type [Shipment Analysis by Value from 2018 to 2030]:
Penetration Testing Market by Organisation Size [Shipment Analysis by Value from 2018 to 2030]:
Penetration Testing Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:
Penetration Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Penetration Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies penetration testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the penetration testing companies profiled in this report include-
Penetration Testing Market Insights
Lucintel forecast that on-premise is expected to witness highest growth over the forecast period.
Within this market, healthcare is expected to witness highest growth over the forecast period due to the rising adoption of penetration testing systems in this sector to protect sensitivite medical data.
North America is expected to witness highest growth over the forecast period due to rapid digitization, growing adoption of cloud-based security testing in SMEs, and presence of key players in the region.
Features of the Global Penetration Testing Market
Market Size Estimates: Penetration testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Penetration testing market size by various segments, such as by testing type, organisation size,deployment mode, end use industry, and region in terms of value ($B).
Regional Analysis: Penetration testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different testing types, organisation sizes, deployment modes, end use industries, and regions for the penetration testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the penetration testing market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the penetration testing market size?
Answer: The global penetration testing market is expected to reach an estimated $4.4 billion by 2030.
Q.2 What is the growth forecast for penetration testing market?
Answer: The global penetration testing market is expected to grow with a CAGR of 19.8% from 2024 to 2030
Q.3 What are the major drivers influencing the growth of the penetration testing market?
Answer: The major drivers for this market are increasing concern towards cyberattacks among organizations, tremendous demand for smartphones, and rising demand for ML and AI integrated penetration testing systems.
Q4. What are the major segments for penetration testing market?
Answer: The future of the penetration testing market looks promising with opportunities in the bfsi, manufacturing, healthcare, government and defense, energy and utilities, retail and e-commerce, and it and telecommarkets.
Q5. Who are the key penetration testing market companies?
Answer: Some of the key penetration testing companies are as follows:
Q6. Which penetration testing market segment will be the largest in future?
Answer: Lucintel forecast that on-premise is expected to witness highest growth over the forecast period.
Q7. In penetration testing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rapid digitization, growing adoption of cloud-based security testing in SMEs, and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.