Global Market Size of Penetration Testing Market – 10 Year Market Forecast

ICT

Penetration Testing Market Size Forecast 2022-2029

Penetration Testing is estimated to have a market value of USD 5.49 Billion in the year 2022 and is expected to reach USD 15.14 Billion by the year 2029, giving a CAGR of 16%. Increasing strict rules and compliances mandating regular penetration testing practices and increasing internet penetration are some factors that could drive the market towards growth. However, costs involved in conducting penetration testing could hamper this growth.

Frequently Asked Questions(FAQ)

• What is a major driver for the growth of this market?

• Strict Regulations and compliances mandating regular penetration testing practices is a major driver for the growth of this market.
• What is a restraint in the growth of this market?

• Costs involved in conducting penetration test is a restraint in the growth of this market.
• What is an opportunity for the growth of this market?

• Rising trends of penetration testing as a service and remote working security assessments is an opportunity for the growth of this market.
• What is a challenge for the growth of this market?

• Lack of security analysts for carrying out penetration tests is a challenge for the growth of this market.
• What is Global Market Database?

• Global market database is a cloud based market research tool that is a key secondary research source which provides information across the Healthcare Business Intelligence market in addition to other industry verticals.

Related Markets

• Global Market Size of Database Automation – 10 Year Market Forecast
• Global Market Size of Quantum Cryptography – 10 Year Market Forecast
• Global Market Size of Security information and Event – 10 Year Market Forecast
• Global Market Size of Natural Language Processing (NLP) – 10 Year Market Forecast
• Global Market Size of Parking Management – 10 Year Market Forecast