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Penetration Testing Market Share

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

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Penetration Testing Market Share

IBM Corporation and Rapid7, Inc. hold a significant position in the market with around 20% of the market share in 2023. IBM Corporation invests heavily in research and development to innovate new technologies and solutions for cybersecurity, including penetration testing. The company's R&D efforts focus on developing advanced threat detection capabilities, automation tools, and AI-driven security analytics to enhance the effectiveness and efficiency of penetration testing services.

Rapid7 collaborates with technology partners, managed security service providers (MSSPs), and channel partners to extend the reach of its penetration testing solutions. By forging strategic alliances and integrations with industry leaders, Rapid7 enhances the interoperability and effectiveness of its security testing offerings.

Penetration Testing Market Companies

Major players operating in the penetration testing industry are:

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

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.