Acunetix, Bugcrowd, HackerOne, Rapid7, and Veracode, Inc. are the five key market players operating in the global Penetration Testing Software market. Defendify, Intruder Systems Ltd, Netsparker Ltd., Pentest-Tools.com, and HelpSystems are few other notable players that are profiled in this market study. In addition to these players, multiple other leading global, regional & local market players, emerging companies, market disruptors and niche market players were studied and analyzed during the course of this study to gather a holistic view of the market. The high and fast-growing number of start-ups in this market are anticipated to drive the growth of the market over the forecast period of 2021 to 2028. The global Penetration Testing Software market includes companies operating in a wide range of product portfolio. Each category has some well-established key players and owing to different markets in which they operate and compete it is not feasible to determine key five players in the overall Penetration Testing Software market. However, based on parameters such as overall revenue, brand image, current Penetration Testing Software product portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, we have listed above five key players operating at a global level.
Acunetix, Bugcrowd, HackerOne, Rapid7, and Veracode, Inc– PROMINENT MARKET PARTICIPANTS IN PENETRATION TESTING SOFTWARE MARKET
The global penetration testing software market is segmented based on type, enterprise size, and application. Based on type, the penetration testing software market is segmented into cloud based and on-premises. Based on enterprise size, the penetration testing software market is segmented into large enterprises and SMEs. In terms of application, the penetration testing software market is segmented into web application, network infrastructure, mobile application, social engineering, and others.
Increasingly stringent regulations and compliances mandating regular penetration testing practices, rising sophistication of cyberattacks resulting in financial and reputational losses for organizations, and increasing internet penetration and use of smartphones resulting in a surge in mobile-based business-critical applications are among the significant factors driving the penetration testing software market worldwide. Furthermore, increased penetration testing-as-a-service (PTaaS) and remote working security assessments and the integration of technologies like AI and ML in penetration testing would present attractive prospects for penetration testing market players. The penetration testing software market would develop during the forecast period due to increasing online activities worldwide and increased security compulsion. In addition, as the number of wireless networks and linked devices grows, so does the demand for penetration testing software across numerous industrial sectors.
Most of the market initiatives were observed in North America region, which has a high potential for Penetration Testing Software providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2021 | Invicti Security, a global pioneer in application security testing, stated that it had inked a definitive deal for a $625 million investment with Summit Partners, a global growth equity firm. The new funding will aid Invicti’s continuous growth and product development ambitions. Summit will partner with Turn/River Capital, which made its initial investment in Invicti in 2017 both these company are forecasted to be a key stakeholder to build strong strategic alliance. | North America |
| 2021 | HackerOne hit a milestone of $100 million awarded to hackers for vulnerability reports in May 2020. That company has forecast to achieve within five years; hackers will earn $1 billion in bug bounties. Since 2019, nine hackers have made more than $1 million on the network, with one hacker surpassing the $2 million mark in 2020. | North America |
