Meticulous Research® Predicts Global Penetration Testing Market to Reach $4.05 Billion by 2029

1. "Meticulous Research® Predicts Global Penetration Testing Market to Reach $4.05 Billion by 2029” J

2. Penetration Testing Market 2022-2029 Meticulous Research®, a leading global market research firm, has released its latest report titled "Penetration Testing Market by Offering, Position, Type, Method, Visibility, End User, and Geography - Global Forecast to 2029." The report projects that the global penetration testing market will grow from $[current market size] billion in 2022 to $4.05 billion by 2029, representing a compound annual growth rate (CAGR) of 12.5% during the forecast period. Download PDF Brochure @ https://www.meticulousresearch.com/download- sample- report/cp_id=5381?utm_source=article&utm_medium=social&utm_campaign =product&utm_content=04-09-2024 Market Dynamics: Growth Catalysts and Challenges The expansion of the penetration testing market is propelled by an increasing need for organizations to proactively identify cybersecurity threats and vulnerabilities across their networks. The rising demand for adherence to regulatory compliance, alongside the growing adoption of web application firewalls, further fuels this market's growth. However, the market's potential is tempered by the high costs and extended turnaround times associated with penetration testing technologies. Opportunities in the Penetration Testing Market As cloud computing continues to gain traction among small and medium-sized enterprises (SMEs), the market for Penetration Testing as a Service (PTaaS) and security assessments is expected to expand significantly. Additionally, the growing awareness of penetration testing's benefits in fields such as medical imaging, combined with governmental initiatives promoting digitalization and the proliferation of data centers, is anticipated to create substantial growth opportunities. Nonetheless, a shortage of skilled professionals remains a key challenge for the market. Market Segmentation and Key Insights By Offering: The global penetration testing market is segmented into solutions and services. In 2022, the solutions segment is projected to dominate the market, driven by its affordability, scalability, and high data security features. The increasing use of internet services, coupled with collaborations between antivirus providers and technology manufacturers, further strengthens the demand for these solutions. However, the services segment is expected to experience the highest growth during the forecast period. By Position/Location: The market is divided into external and internal network testing. The external network segment is forecasted to hold the largest market share in 2022, primarily due to its effectiveness in identifying vulnerabilities before hacking attempts occur. Despite this, the internal network segment is poised to grow at the fastest rate during the forecast period. By Method/Depth: Penetration testing methods are categorized into black box, white box, and gray box testing. The gray box testing segment is expected to capture the largest market share in 2022, driven by the rising demand for efficient and accurate testing across organizations. The white box segment, however, is projected to achieve the highest CAGR during the forecast period. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Penetration Testing Market 2022-2029 By Test Type: The market is segmented into infrastructure/network testing, application testing, wireless (Wi-Fi) testing, configuration/build review, social engineering, and other types of testing. Infrastructure or network testing is set to dominate the market in 2022, fueled by the need to identify vulnerabilities within network infrastructures. However, application testing is anticipated to grow at the highest CAGR. By Visibility: The market is segmented into overt, covert, and automated penetration testing. The covert testing segment is expected to lead the market in 2022, as organizations increasingly test their IT security teams' responses to cyberattacks. The automated penetration testing segment is projected to experience the highest growth during the forecast period. By Organization Size: Large enterprises are expected to dominate the market in 2022, thanks to their early adoption of advanced technologies like AI and blockchain. Meanwhile, SMEs are projected to register the highest CAGR, driven by their growing focus on cybersecurity. By End User: The market is segmented into BFSI, manufacturing, retail & e-commerce, education, IT & telecommunications, healthcare, media & entertainment, transport & logistics, automotive, government & public sector, and others. The BFSI sector is expected to hold the largest market share in 2022, due to the critical need to protect sensitive financial data. However, the healthcare sector is predicted to grow at the fastest rate during the forecast period. Geographical Analysis Geographically, North America is expected to dominate the penetration testing market in 2022, driven by the region's high incidence of cyberattacks, particularly in the private and government sectors. The region's growth is further supported by increased investment in research and development, as well as the widespread adoption of advanced security technologies. Meanwhile, the Asia-Pacific region is poised to experience the highest CAGR during the forecast period, driven by rapid digitalization and increasing cybersecurity threats. Key Players in the Global Penetration Testing Market The competitive landscape of the global penetration testing market features prominent players such as Rapid7 (U.S.), Synopsys, Inc. (U.S.), Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), Acunetix (U.K.), ASTRA IT, Inc. (U.S.), ScienceSoft (U.S.), SECURIFY BV (Netherlands), BreachLock Inc. (U.S.), Fortinet, Inc. (U.S.), SecureWorks, Inc. (U.S.), Netragard (U.S.), Cigniti Technologies Ltd. (U.S.), Rhino Security Labs, Inc (U.S.), FireEye (U.S.), Veracode (U.S.), NetSPI LLC. (U.S.), Trustwave Holdings, Inc. (U.S.), Coalfire (U.S.), and Software Secured (Canada). Quick Buy @ https://www.meticulousresearch.com/Checkout/50781560?utm_source=articl e&utm_medium=social&utm_campaign=product&utm_content=04-09-2024 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Penetration Testing Market 2022-2029 market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com