The Rise of Penetration Testing as a Service Market: A $301>
Globe Newswire – MarketsandMarkets Research Pvt. Ltd.
The global Penetration Testing as a Service (PTaaS) Market is expected to grow from USD 118 million in 2024 to USD 301 million by 2029, at a CAGR of 20.5%
The growth is driven by factors such as increasing awareness of cybersecurity threats, advancements in technology like AI and machine learning, stringent regulatory compliance requirements, digital transformation across industries, growing complexity of IT infrastructures, and the need for proactive security measures
The market’s expansion is also fueled by the increasing adoption of cloud computing and IoT devices, the shortage of skilled cybersecurity professionals, the rise of remote work, and the continuous development of sophisticated cyber-attack techniques
Key players in the PTaaS market include Synack, HackerOne, Synopsys, Intervision, Edgescan, Bugcrowd, Guidepoint Security, Trustwave, Cobalt, NetSPI, and Veracode
Two significant trends in the PTaaS market are:
1) Increasing adoption of AI and machine learning: These technologies enhance the effectiveness and efficiency of penetration testing by automating tasks, identifying patterns, and predicting potential vulnerabilities
AI-driven tools can simulate sophisticated cyberattacks, analyze vast data, and provide more accurate vulnerability assessments.
2) Shift towards continuous and on-demand testing: Organizations are adopting continuous PTaaS solutions that provide ongoing monitoring and assessment of their security infrastructure
On-demand testing services offer flexibility, enabling organizations to request penetration tests whenever needed, such as after significant system changes or in response to emerging threats
The report highlights the promising growth of the PTaaS market and the need for more dynamic and responsive security measures to protect against sophisticated cyberattacks.
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