Penetration Testing as a Service Market: A Industry Set to Boom with 20.4% CAGR, Expected to Top USD 589.58 Million by 2032

The recently published Penetration Testing as a Service Market study report by Polaris Market Research reveals that the global market was USD 110.89 million in 2023, with a CAGR of 20.4% projected from 2024 to 2032. The global market is expected to offer an absolute opportunity of USD 589.58 million by 2032.

The need for penetration testing as a service has grown as a result of the speedy surge in online arrangements, particularly in e-commerce, banking, and fiscal sectors has augmented the probable earmarked pool for cybercriminals. The National Payments Corporation of India (NPCI) registered over 1.49 million deals through the UPI in June 2021. It escalated to 83.75 million deals by 2023. The spread of online deals has caused a compatible escalation in cyberattacks, pushing the demand for the market.

𝐂𝐡𝐞𝐜𝐤 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: https://www.polarismarketresearch.com/industry-analysis/penetration-testing-as-a-service-market/request-for-sample

Penetration testing as a service (PTaaS) is a configuration of penetration testing that gathers cohesively physical and human testing on a cloud conveyance platform to sanction IT experts to conclude point-in-time and ongoing penetration tests. It permits businesses to advance strong susceptibility handling initiatives so that they can speed up the procedure of recognizing and inscribing susceptibilities and preferable categorization and rectifying security menaces.

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

Spearheading market contenders are funding massively in research and development to augment their product lines which will assist the market to grow even more. Some of the companies which are currently dominating the penetration testing as a service market are:

• Acunetix
• Checkmarx
• Coalfire Labs
• Core Security
• Cyberhunter Solutions
• Fireeye
• Hackerone
• IBM
• Immuniweb
• Indium Software
• Isecurion
• Micro Focus
• Netsparkar

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.polarismarketresearch.com/industry-analysis/penetration-testing-as-a-service-market/inquire-before-buying

𝐏𝐞𝐧𝐞𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐚𝐬 𝐚 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• In terms of vertical, the banking, financial services, and insurance (BFSI) segment accounted for the largest revenue share in the penetration testing as a service market in 2023 due to a significant increase in adoption of online banking, mobile banking applications, and digital payment systems.
• The cloud-based segment, based on deployment mode, is expected to record a higher CAGR during the forecast period as the shift toward remote work and digital transformation has expedited the adoption of cloud technology, increasing the need for strong cloud security measures.
• In 2023, North America accounted for the largest share in the penetration testing as a service market due to the high incidents of cyber threats, stringent regulatory requirements, and significant investments in advanced cybersecurity measures across various industries.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• The primary factors propelling the market growth of penetration testing as a service are the escalating acquisition of IoT, surging smartphone demand, and growing internet usage.
• The penetration testing as a service market analysis is mainly based on deployment mode, offering, testing type, organization size, vertical, and region.
• North America dominated the market.
• The market in Asia Pacific will increase as a result of factors such as the escalating security for cloud computing services in the region.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/penetration-testing-as-a-service-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Polaris Market Research has segmented the penetration testing as a service market report on the basis of deployment mode, offering, testing type, organization size, and vertical

𝐁𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟐)
• On-Premises
• Cloud-Based

𝐁𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟐)
• Solution
• Managed Services

𝐁𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐓𝐲𝐩𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟐)
• Cloud
• Mobile Applications
• Network Infrastructure
• Social Engineering
• Web Applications
• Others

𝐁𝐲 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐢𝐳𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟐)
• Large Enterprises
• Small and Medium Enterprises (SMEs)

𝐁𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟐)
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Retail & Ecommerce
• Government
• Energy & Utilities
• IT & ITES
• Telecom
• Other Verticals

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Marketing Automation Market: https://www.polarismarketresearch.com/industry-analysis/marketing-automation-market

Industrial Robotics Market: https://www.polarismarketresearch.com/industry-analysis/industrial-robotics-market

Cybersecurity Insurance Market: https://www.polarismarketresearch.com/industry-analysis/cybersecurity-insurance-market

Hospital Electronic Health Records Market: https://www.polarismarketresearch.com/industry-analysis/hospital-electronic-health-records-market

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𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:

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