Penetration Testing Software Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

Penetration Testing Software Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Banknote Sorter and Coins Sorter), Application (Bank, Supermarkets, and Others), and Geography

  • Report Code : TIPRE00016046
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150

Penetration Testing Software Market Drivers, Opportunities 2031

Buy Now

The penetration testing software market size is projected to reach US$ 5.85 billion by 2031 from US$ 1.87 billion in 2023. The market is expected to register a CAGR of 15.3% during 2023–2031. The rise in penetration of internet and cloud-based services and increasingly stringent rules and compliance requirements to necessitate the use of penetration testing software are likely to be the key trends and drivers for the penetration testing software market.

Penetration Testing Software Market Analysis

The penetration testing software market is experiencing significant growth globally. This growth is attributed to the rise in penetration of internet and cloud-based services and increasingly stringent rules and compliance requirements to necessitate the use of penetration testing software. Moreover, increasing trends of penetration testing-as-a-service and remote working security and the emergence of artificial intelligence and machine learning-enabled deployment models are anticipated to hold several opportunities for the market in the coming years.

Penetration Testing Software Market Overview

Penetration testing (or pen testing) is a security exercise where a cyber-security expert attempts to find and exploit vulnerabilities in a computer system. The purpose of this simulated attack is to identify any weak spots in a system’s defenses that attackers could take advantage of.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Penetration Testing Software Market: Strategic Insights

Penetration Testing Software Market
  • CAGR
    CAGR (2023 - 2031)
    15.3%
  • Market Size 2023
    US$ 1.87 Billion
  • Market Size 2031
    US$ 5.8 Billion

Market Dynamics

GROWTH DRIVERS
  • Increasing Penetration of Internet and Cloud-Based Services to Favor Market
FUTURE TRENDS
  • The emergence of artificial intelligence and machine learning is anticipated to drive the market in the forecast period.
OPPORTUNITIES
  • Increasing use of penetration testing-as-a-service.

Key Players

  • Veracode Inc
  • Rapid7
  • Defendify
  • Acunetix
  • Bugcrowd
  • HackerOne
  • Intruder System Ltd
  • Netsparker
  • Pentest Tools
  • HelpSystems

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentType
  • Cloud-Based and On-Premises
Market SegmentEnterprise Size
  • Large Enterprises and SMEs
Market SegmentApplication
  • Web Application
  • Network Infrastructure
  • Mobile Application
  • Social Engineering
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Penetration Testing Software Market Drivers and Opportunities

Increasing Penetration of Internet and Cloud-Based Services to Favor Market.

The Internet provides an almost endless list of services: it enables communication and collaboration worldwide, sends money internationally (including remittances), learns and educates others, forms cross-border social connections, shares news, and many others. 63% of the world's population were online in 2023 as the internet penetration is increasing the possibility of vulnerability and phishing attacks. The goal of network penetration testing is to reveal and identify any vulnerabilities within the organization. This includes doing an in-depth evaluation of network security measures through external tests and internal tests, such as web application testing and mock phishing attacks. Thus, considering the above parameters, the increasing parameters of internet and cloud-based services are driving the market.

Increasing use of penetration testing-as-a-service.

PTaaS is a method of penetration testing that brings together manual and human testing on a cloud delivery platform to enable IT professionals to complete point-in-time and continuous penetration tests. The use of PaaS is increasing as it allows organizations to identify and address vulnerabilities without the need for extensive manpower. Moreover, many other companies are engaged in the launch of PaaS, which drives the market. For instance, in March 2024, Bishop Fox announced its Cosmos Application Penetration Testing (CAPT) service that combines pen testing with on-demand assessment and analysis services. Thus, considering the above parameters, the increasing use of penetration testing-as-a-service is anticipated to drive the market in the coming years.

Penetration Testing Software Market Report Segmentation Analysis

Key segments that contributed to the derivation of the penetration testing software market analysis are type, enterprise size, and application.

  • Based on type, the penetration testing software market is divided into cloud-based and on-premises. The cloud-based segment is anticipated to hold a significant market share in the forecast period.  
  • Based on enterprise size, the penetration testing software market is divided into large enterprises and SMEs. The large enterprises segment is anticipated to hold a significant market share in the forecast period.
  • By application, the market is segmented into web applications, network infrastructure, mobile applications, social engineering, and others. The web application is anticipated to hold a significant market share in the forecast period.  

Penetration Testing Software Market Share Analysis by Geography

The geographic scope of the penetration testing software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the penetration testing software market. The North America market is segmented into US, Canada, and Mexico. The market is experiencing a significant growth. This growth is attributed to the rise in penetration of internet and cloud-based services and increasingly stringent rules and compliance requirements in the region to necessitate the use of penetration testing software. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of penetration-testing software market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the penetration testing software market.

Penetration Testing Software Market Report Scope

Report Attribute Details
Market size in 2023 US$ 1.87 Billion
Market Size by 2031 US$ 5.8 Billion
Global CAGR (2023 - 2031) 15.3%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Cloud-Based and On-Premises
By Enterprise Size
  • Large Enterprises and SMEs
By Application
  • Web Application
  • Network Infrastructure
  • Mobile Application
  • Social Engineering
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Veracode Inc
  • Rapid7
  • Defendify
  • Acunetix
  • Bugcrowd
  • HackerOne
  • Intruder System Ltd
  • Netsparker
  • Pentest Tools
  • HelpSystems
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Penetration Testing Software Market News and Recent Developments

The penetration testing software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the penetration testing software market are listed below:

  • Pentera announced the general availability of Pentera Cloud as part of its automated security validation platform to complement its renowned Pentera Core and Surface products. (Source: Pentera Company Website, March 2024)
  • Mitsubishi Electric Corporation announced that it has developed the world's first penetration-test2 support tool, CATSploit, which automatically generates attack scenarios based on the test objectives of a penetration tester, such as the theft of confidential information, to evaluate the effectiveness of test attacks. (Source: Mitsubishi Electric Corporation Company Website, December 2023)

Penetration Testing Software Market Report Coverage and Deliverables

The “Penetration Testing Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Penetration testing software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
  • Penetration testing software market trends as well as market dynamics such as drivers, restraints, and key opportunities.
  • Detailed PEST/Porter’s Five Forces and SWOT analysis.
  • Penetration testing software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the penetration testing software market.
  • Detailed company profiles.
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Type, Enterprise Size, and Application

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which are the leading players operating in the penetration testing software market?

The key players holding majority shares in the global penetration testing software market are Veracode, Inc., Rapid7, Defendify, Acunetix, Bugcrowd, HackerOne, Intruder System Ltd, Netsparker, Pentest-Tools, HelpSystems.

What are the future trends of the penetration testing software market?

The emergence of artificial intelligence and machine learning is anticipated to drive the market in the forecast period.

What are the driving factors impacting the penetration testing software market?

The rise in penetration of internet and cloud-based services and increasingly stringent rules and compliance requirements to necessitate the use of penetration testing software are some of the factors driving the penetration testing software market.

Which region dominated the penetration testing software market in 2023?

North America is anticipated to dominate the penetration testing software market in 2023.

What would be the estimated value of the penetration testing software market by 2031?

The global penetration testing software market is expected to reach US$ 5.85 billion by 2031.

What is the expected CAGR of the penetration testing software market?

The expected CAGR of the penetration testing software market is 15.3%.

Trends and growth analysis reports related to Technology, Media and Telecommunications : READ MORE..