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Penetration Testing as-a-Service Market Analysis

  • Report ID: GMI11753
  • Published Date: Oct 2024
  • Report Format: PDF

Penetration Testing as-a-Service Market Analysis

Based on services, the market is segmented into network penetration testing, web applications, mobile applications, social engineering testing, wireless network testing, and others. In 2023, the network penetration testing segment accounted for over 25% of the penetration testing as-a-service market share and is expected to exceed USD 1.5 billion by 2032. Network penetration testing now incorporates real-world adversary simulation based on current threat intelligence. PTaaS providers design test scenarios that mirror the tactics, techniques, and procedures (TTPs) of actual threat actors. For instance, in May 2024, FORTBRIDGE introduces advanced pen-testing services, simulating real-world cyber-attacks.
 

These services are crucial for identifying and addressing vulnerabilities in digital infrastructure. Senior consultants conduct thorough assessments, offering insights into weaknesses in software, hardware, and networks with the help of these new services. This ensures network security assessments reflect realistic attack scenarios, helping organizations prepare for genuine threats. Testing methodologies are regularly updated with emerging threat intelligence, allowing organizations to validate their defense against the latest attack methods and tools.
 

The industry is transitioning from periodic testing to continuous network vulnerability assessment. PTaaS platforms now integrate automated tools for real-time monitoring and testing of network infrastructure. This enables organizations to identify and remediate vulnerabilities as they emerge, rather than waiting for scheduled assessments. Advanced automation includes intelligent scanning that adapts to network changes, automated exploit verification, and continuous validation of security controls.
 

Penetration Testing as-a-Service Market Share, Deployment Model, 2023

Based on the deployment model, the penetration testing as-a-service market is divided into cloud-based, on-premises, and hybrid. The cloud-based segment held around 65% of the market share in 2023. Organizations adopting DevOps and agile methodologies are shifting towards continuous penetration testing instead of periodic assessments. Cloud platforms now enable automated, ongoing security testing integrated with CI/CD pipelines. This approach allows real-time vulnerability detection with each code deployment, reducing exposure to threats.

 

Companies increasingly use AI-driven tools to automatically initiate tests upon detecting changes in cloud infrastructure, ensuring constant security validation without manual intervention. Additionally, with the rise of microservices architectures and API-driven applications in cloud environments, there is a growing focus on API security testing. Cloud-based penetration testing services now offer specialized tools and methodologies to identify vulnerabilities in API endpoints, authentication mechanisms, and data exchanges. This trend recognizes that APIs are a significant attack surface in modern cloud applications, and traditional penetration testing methods may not adequately address API-specific security concerns.
 

U.S. Penetration Testing as-a-Service Market, 2021 – 2032, (USD Million)

The U.S. is considered the dominating region in the North American penetration testing as-a-service market and is expected to exceed USD 2 billion by 2032. In the U.S., organizations are transitioning from periodic to continuous penetration testing services. They now prefer platforms offering ongoing vulnerability assessments due to the evolving threat landscape and the need for real-time security validation. Continuous testing enables companies to address vulnerabilities as they arise, integrating security testing into the CI/CD pipeline, particularly in DevSecOps environments.
 

European businesses operating across multiple EU countries are increasingly seeking coordinated penetration testing services for cross-border operations. These services ensure compliance with various national regulations while maintaining consistent security standards. Providers are enhancing their capabilities to manage complex, multi-jurisdictional projects, involving teams from different countries and adhering to diverse national standards.
 

The Asia Pacific region's diverse regulatory landscape is driving the development of adaptable penetration testing services. Providers are creating flexible frameworks to meet different national requirements, such as China's cybersecurity law and Japan's APPI. This adaptability is crucial for multinational companies to ensure compliance across multiple Asian countries while maintaining consistent security standards.
 

In the UAE, the focus on securing critical national infrastructure is leading to specialized penetration testing services for sectors like oil and gas, utilities, and government services. These services target operational technology (OT) systems, SCADA networks, and industrial control systems. Providers are developing expertise to address the unique security challenges of industrial environments and the specific threats to critical infrastructure in the Middle East.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of penetration testing as-a-service reached USD 1.6 billion in 2023 and is set to grow at a 17.6% CAGR from 2024 to 2032, driven by escalating cyber threats and attack sophistication.

The network penetration testing segment accounted for over 25% of the market share in 2023 and is projected to exceed USD 1.5 billion by 2032, due to the integration of real-world adversary simulations based on current threat intelligence.

The cloud-based segment held around 65% of the market share in 2023, as organizations adopting DevOps and agile methodologies shift towards continuous penetration testing.

The U.S. market is anticipated to cross USD 2 billion by 2032, led by the transition from periodic to continuous penetration testing services.

The key players in the industry include Appsecure Security, Armor Defense Inc., ASTRA IT, Inc., HackerOne, IBM Corporation, Qualys, Inc., Rapid7, SecureWorks, Tenable, and Trustwave Holdings, Inc.

Penetration Testing as-a-Service Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 180
  • Countries covered: 23
  • Pages: 160
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