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Home ยป What is the value of Penetration Testing as a Service (PTaaS) Market?

What is the value of Penetration Testing as a Service (PTaaS) Market?

โ€ฆ this is a $1.6B industry poised for 17.6% CAGR growth

Joan Aimuengheuwa by Joan Aimuengheuwa
February 11, 2025
in Security
0
Penetration Testing As-A-Service - PTaaS
Penetration Testing As-A-Service - PTaaS

Penetration Testing As-A-Service - PTaaS

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The Global Penetration Testing As-A-Service Market was valued at USD$1.6 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.6% from 2024 to 2032.

As cyber threats evolve, organizations increasingly seek comprehensive security assessments to safeguard their systems against advanced persistent threats (APTs), sophisticated malware, and various social engineering tactics.

The growing frequency and sophistication of these threats have heightened the need for robust security measures.

Compliance with regulations such as GDPR, HIPAA, PCI DSS, and ISO 27001 mandates regular security assessments, including penetration testing.

Adhering to these regulations is crucial for organizations to avoid hefty fines and protect their reputations.

PTaaS offers a cost-effective solution for meeting these compliance requirements while maintaining high security standards.

This service model allows for regular testing schedules that align with compliance audits, ensuring organizations stay vigilant against potential vulnerabilities.

The PTaaS market is categorized into several service segments, including network penetration testing, web application testing, mobile application testing, social engineering assessments, and wireless network testing.

Penetration Testing As-A-Service - PTaaS
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Penetration Testing As-A-Service – PTaaS

The network penetration testing segment was a significant contributor, accounting for over 25% of the overall market share and expected to exceed USD$1.5 billion by 2032.

Modern network penetration testing incorporates real-world adversary simulations based on current threat intelligence, enabling providers to create test scenarios that reflect the tactics, techniques, and procedures employed by actual threat actors.

In terms of deployment models, the Penetration Testing As-A-Service market is divided into cloud-based, on-premises, and hybrid options. The cloud-based segment dominated in 2023, holding around 65% of the market share.

Organizations embracing DevOps and agile methodologies are increasingly moving towards continuous penetration testing instead of relying on periodic assessments.

Cloud platforms facilitate automated and ongoing security testing, which can be integrated into continuous integration/continuous deployment (CI/CD) pipelines.

[Source]

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