The Business Research Company’s report on the Penetration Testing As-A-Service Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the penetration testing as-a-service industry?
The growing cyber threats and attack sophistication are expected to propel penetration testing as a service market growth going forward. Cyber threats refer to malicious acts aimed at damaging or stealing data, while attack sophistication refers to the complexity and advanced techniques used in these cyber-attacks. The growing cyber threats and attack sophistication are driven by increased digitalization, advanced technology, exploitation of vulnerabilities, and the rise of organized cybercriminals targeting critical infrastructure. PTaaS offers scalable, cost-effective solutions to enhance security and meet compliance requirements in a rapidly evolving threat landscape. For instance, in March 2024, according to the National University (NU), a US-based private nonprofit university, globally, there were 5.4 billion malware attacks in 2022, with cyberattacks happening every 39 seconds. Further, in 2023, ransomware fueled over 72% of attacks, eCrime leak site victims increased by 76%, and 75% of identity attacks were malware-free. Therefore, the growing cyber threats and attack sophistication is driving the penetration testing as-a-service market.
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What is the estimated market size of the penetration testing as-a-service sector by 2029, based on current forecasts?
The penetration testing as-a-service market size has grown exponentially in recent years. It will grow from $1.90 billion in 2024 to $2.33 billion in 2025 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to increasing cyberattacks on enterprises, growing adoption of cloud services, regulatory compliance mandates, rising digital transformation initiatives, and growth in remote working trends.
The penetration testing as-a-service market size is expected to see exponential growth in the next few years. It will grow to $5.11 billion in 2029 at a compound annual growth rate (CAGR) of 21.8%. The growth in the forecast period can be attributed to rising adoption of AI and ML in cybersecurity, growing complexity of IT infrastructure, increasing investment in cybersecurity solutions, growing emphasis on third-party risk management, and increasing demand for proactive threat mitigation. Major trends in the forecast period include the integration of automated and manual testing approaches, a shift toward cloud-based PTaaS solutions, increased demand for real-time vulnerability assessments, growing adoption of zero-trust security frameworks, and an emphasis on securing DevSecOps environments.
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Who are the top players in the penetration testing as-a-service market?
Major companies operating in the penetration testing as-a-service market are International Business Machines Corporation (IBM), Cisco Systems Inc., Astra IT Inc., Synopsys Inc., Fortinet Inc., CrowdStrike Inc., HackerOne Inc., Tenable Inc., Rapid7 Inc., Qualys Inc., Secureworks Inc., Checkmarx Ltd., Invicti Security Inc., Indusface Pvt. Ltd., Coalfire Systems Inc., Armor Defense Inc., Black Duck Software Inc., Core Security Technologies Inc., Acunetix Ltd., Indium Software Pvt. Ltd., BreachLock Inc., Isecurion Pvt. Ltd., ImmuniWeb S.A., Cyberhunter Solutions Pvt. Ltd., AppSecure Security Inc.
What are the major trends in the penetration testing as-a-service market?
Major companies operating in the penetration testing-as-a-service market are focusing on adopting automation and AI integration, such as autonomous penetration testing solutions to enhance cybersecurity assessments with AI-driven autonomous penetration testing, improving efficiency and coverage while reducing manual effort. An autonomous penetration testing solution is an advanced cybersecurity tool that utilizes artificial intelligence and machine learning to independently conduct continuous security assessments, simulating real-world attacks to identify and exploit vulnerabilities with minimal human intervention. For instance, in July 2024, FireCompass, a US-based cybersecurity company, introduced its Agent AI for Ethical Hacking & Autonomous Penetration Testing. The platform autonomously executes penetration testing workflows, leveraging generative AI to identify vulnerabilities, create tailored attack plans, and demonstrate potential breaches. This innovation significantly accelerates testing, enhances coverage, and improves the productivity of human penetration testers, addressing the increasing complexity of cybersecurity threats.
Which geography holds the highest penetration testing as-a-service market share?
North America was the largest region in the penetration testing as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the penetration testing as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the penetration testing as-a-service market?
The penetration testing as-a-service market covered in this report is segmented –
1) By Services: Network Penetration Testing, Web Application, Mobile Application, Social Engineering Testing, Wireless Network Testing
2) By Deployment Model: Cloud-Based, On-Premises, Hybrid
3) By Pricing Model: Subscription-Based, Project-Based, Pay-Per-Test
4) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
5) By End Use Industry: Healthcare, Financial Services, Retail And E-Commerce, Manufacturing, Technology And Telecom, Government And Public Sector, Other End Use Industries
Subsegments:
1) By Network Penetration Testing: External Network Penetration Testing, Internal Network Penetration Testing, Cloud Infrastructure Penetration Testing
2) By Web Application: Static Web Application Penetration Testing, Dynamic Web Application Penetration Testing, API Penetration Testing
3) By Mobile Application: iOS Application Penetration Testing, Android Application Penetration Testing, Hybrid Application Penetration Testing
4) By Social Engineering Testing: Phishing Simulation Testing, Physical Security Testing, Employee Awareness Training
5) By Wireless Network Testing: Wi-Fi Security Testing, Bluetooth Security Testing, IoT Device Penetration Testing
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What defines the structure and scope of the penetration testing as-a-service market?
Penetration testing as a service (PTaaS) is a cloud-driven approach that integrates advanced automated tools with expert human analysis to deliver ongoing security assessments. This model helps organizations proactively identify and address vulnerabilities, improving their cybersecurity resilience and enabling swift responses to evolving threats through continuous monitoring and real-time insights.
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