Published by Coherent Market Insights
Posted on September 22, 2021
4 min readLast updated: February 3, 2026
The penetration testing market is rapidly growing due to increased cyber-attacks and the need for data security, with key players like IBM and Rapid7 leading the way.
United States/WA: Market Will Boom In Near Future
Report Pages:[130 Pages]
Major Key Companies Involving in Penetration Testing Market:
IBM Corporation, Rapid7, Inc., Microfocus, Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Secure Works Inc., Acunetix, Contrast Security, and Paladion Network Private Limited.
Penetration testing, also known as security testing, security pen testing, and pen testing, is a form of ethical hacking. It is a simulated cyber-attack against the computer system to check for exploitable vulnerabilities. Penetration testing is commonly used to augment a web application firewall (WAF). Thus, with the increasing incidence of cyber-attacks and the need to secure sensitive data, the demand for penetration testing is also increasing rapidly, worldwide. This in turn is expected to augment the growth of the penetration testing market. According to the Transforming Data with Intelligence (tdwi.org), the number of data breaches in the United States totaled 1,001 cases in 2020.
In May 2021, Astra Security launched turnkey security scan and penetration testing service that delivers application security and compliance for customers who are increasingly facing security complex challenges and data breaches due to improperly implemented security measures for their internet-facing applications. Moreover, the emergence COVID-19 (global pandemic) is also driving the growth of the penetration testing market. Small and medium-sized enterprises (SMEs) are struggling to keep on top of cyber security threats to remote workers during this pandemic. Now, SMEs can take advantage of a penetration testing service launched by the National Cyber Security Centre (NCSC) service in July 2020.
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The newly launched penetration testing service is designed to help SMEs without dedicated security resources for cyber-attacks. Furthermore, increasing adoption of advance technologies such as Bring Your Own Device (BYOD), cloud computing, Internet of Things (IoT), and the increasing disposable income has also contributed to the penetration testing market growth. Worldwide, the total installed base of Internet of Things (IoT) connected devices is projected to amount to 30.9 billion units by 2025. Moreover, the use of mobile phones and computers have increased over the years. Thus, with the increasing number of smartphone users, demand for penetration testing is also increasing.
Laptops and computers are used to store or handle an important data and applications, which are used by both government and defense agencies. Thus, it is vital to equip such systems with highly secure system to counter data theft. This makes the deployment of penetration testing indispensable. The cloud-based platforms are beneficial for business or organizations that have strict budgets for security investments. SMEs deploy pen testing to the cloud, as it helps them to focus on their core competencies rather than investing their capital on security infrastructure. This in turn is also expected to propel the penetration testing market growth.
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The post [PDF] Penetration Testing Market Is Growing Rapidly Due To Increasing Incidence of Cyber-Attacks appeared first on Gatorledger.
The main topic is the rapid growth of the penetration testing market due to increasing cyber-attacks and the need for enhanced security measures.
Penetration testing is crucial for identifying vulnerabilities in systems, helping organizations protect sensitive data from cyber threats.
Key players include IBM Corporation, Rapid7, Inc., and Microfocus, among others.
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