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Penetration Testing Market Trends

  • Report ID: GMI8986
  • Published Date: Apr 2024
  • Report Format: PDF

Penetration Testing Market Trends

Conventional penetration testing usually takes place once a year or more frequently. Continuous penetration testing, on the other hand, is gaining traction. It involves regular security assessments and their integration into DevOps or Software Development Lifecycle (SDLC) procedures. Companies are launching continuous penetration testing offerings to help security teams ahead of changing threats.
 

For instance, in February 2024, Synack, a security testing platform launched a continuous Attack Surface Discovery offering scalable AI penetration testing to help overtaxed security teams stay ahead of evolving threats. The new offering allows enterprises to not only reveal their external attack surfaces but also make that data actionable, pairing continuous discovery with comprehensive Pentesting as a Service (PTaaS).
 

The ability of continuous security testing to detect and fix vulnerabilities instantly is one of its main benefits. Traditional testing techniques frequently involve a long delay between the discovery of a vulnerability and the application of a fix. As a result, organizations are exposed to attacks while the cleanup procedure is ongoing. Conversely, firms that use continuous testing can identify vulnerabilities early on and take appropriate action. This reduces the window of opportunity for attackers and the possible consequences of a successful breach.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of penetration testing reached USD 2.8 billion in revenue in 2023 and is set to grow at 17% CAGR between 2024 and 2032, led by increasing cybersecurity threats.

The large enterprise size segment held over 60% of the market share in 2023 and is set to cross USD 7 billion by 2032, due to higher need to help detect and mitigate security risks before their exploitation in these organizations.

North America penetration testing industry held a revenue share of 38% in 2023, driven by a well-recognized need for cybersecurity.

Broadcom Inc., IBM Corporation, NCC Group, Offensive Security Ltd., Rapid7, Inc., Secureworks, Synopsys Inc., Trustwave Holdings, Inc., Veracode, Verizon among others.

Penetration Testing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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