PTaaS市場 – 2029年までの世界予測

Penetration Testing as a Service Market - Global Industry Forecast to 2029

PTaaS市場 - 提供内容 (ソリューション&マネージドサービス)、組織規模、テストの種類、業種 (BFSI、ヘルスケア、IT & ITES、電気通信、小売&電子商取引、製造、教育) - 2029年までの世界予測
Penetration Testing as a Service Market by Offering (Solution and Managed Services), Organization Size, Testing Types, Verticals (BFSI, Healthcare, IT & ITES, Telecommunications, Retail & E-Commerce, Manufacturing, Education) - Global Forecast to 2029
出版年月2024年7月
ページ数304
図表数406
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The Global Penetration Testing as a Service market size is projected to grow from USD 118 million in 2024 to USD 301 million by 2029 at a CAGR of 20.5% during the forecast period.

PTaaS市場規模は、予測期間中に20.5%のCAGRで2024年の1億1,800万米ドルから2029年までに3億100万米ドルに成長すると予測されています。

PTaaS市場 - 2029年までの世界予測

The growth of the Penetration Testing as a Service (PTaaS) market globally is fueled by several key factors. Cyberattacks’ increasing frequency and sophistication have heightened the need for robust security measures, prompting organizations to seek proactive solutions like PTaaS. Growing regulatory and compliance requirements across industries mandate regular security assessments, further driving demand. The widespread adoption of digital transformation initiatives, including cloud computing and IoT, has expanded the attack surface, necessitating continuous and comprehensive security testing. Additionally, the rise of remote work has increased the complexity of securing distributed networks, making PTaaS an essential tool for maintaining a security posture. The cost-effectiveness, scalability, and flexibility of PTaaS solutions also make them attractive to organizations of all sizes, contributing to the market’s rapid expansion.

PTaaS市場 - 2029年までの世界予測 ecosystem

“The market’s expansion is fueled by the increasing frequency and sophistication of cyberattacks, which drive the need for proactive security measures. Regulatory and compliance requirements necessitate regular security assessments, boosting demand for PTaaS. Adopting digital transformation initiatives like cloud computing and IoT expands the attack surface, requiring continuous and comprehensive security testing. Additionally, the rise of remote work has complicated network security, making PTaaS essential for maintaining a robust security posture. The scalability, cost-effectiveness, and flexibility of PTaaS solutions further contribute to their growing adoption across organizations of all sizes.”

“By testing type, the cloud  testing segment will grow at the highest CAGR during the forecast period.”

The cloud testing segment is expected to achieve the highest CAGR in the PTaaS market during the forecasted period due to several compelling reasons. The rapid adoption of cloud computing by businesses across various industries has significantly expanded the digital attack surface, increasing the need for robust security measures to protect sensitive data and applications hosted in the cloud. Additionally, the complexity of cloud environments, which often involve hybrid and multi-cloud architectures, presents unique security challenges that require specialized testing. As organizations migrate critical workloads to the cloud, ensuring compliance with regulatory standards and maintaining data integrity becomes paramount, further driving the demand for comprehensive cloud penetration testing. Moreover, cloud services’ dynamic and scalable nature necessitates continuous and automated security testing to keep pace with the evolving threat landscape. These factors collectively contribute to the accelerated growth of the cloud testing segment in the PTaaS market.

“By vertical, the BFSI segment will grow at the largest market size during the forecast period.”

The BFSI sector is a prime target for cyberattacks because it handles vast amounts of sensitive financial data, making security a top priority. Stringent regulatory requirements and compliance standards, such as PCI DSS, GDPR, and SOX, mandate regular and thorough security assessments to protect customer information and financial transactions. Additionally, the increasing adoption of digital banking, mobile payments, and fintech innovations has expanded the digital attack surface, necessitating advanced penetration testing services to identify and mitigate vulnerabilities. The high stakes associated with data breaches and financial fraud further drive BFSI institutions to invest heavily in robust PTaaS solutions to safeguard their operations and maintain customer trust. These factors collectively contribute to the dominance of the BFSI segment in the PTaaS market.

PTaaS市場 - 2029年までの世界予測 region

Breakdown of primaries

The study contains insights from industry experts, suppliers/software developers, OEMs, and Tier 1 vendors. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-level – 40%, Managerial and Others – 60%
  • By Region: North America – 20%, Europe – 35%, Asia Pacific – 45%

The key vendors in the global PTaaS market include Synack (US), HackerOne (US), Synopsys (US), Intervision (US), Edgescan (Ireland), Bugcrowd (US), Guidepoint Security (US), Trustwave (US), Cobalt (US), NetSPI (US), Veracode (US), Yogosha (France), Software Secured (Canada), Raxis (US), Vumetric Cybersecurity (Canada), Nowsecure (US), Breachlock (US), Astra Security (India), Strobes Security (US), Pentest People (UK), Rootshell Security (UK), SafeAeon (US), Immuniweb (Switzerland), and Cyberhunter Solutions (Canada).

The study includes in-depth competitive intelligence covering company profiles, recent developments, and key market strategies.

Research Coverage

The report segments the PTaaS market into offering (solution and managed services), organization size (large enterprises and SMEs), testing type (web application testing, mobile application testing, network/device testing, cloud testing, and social engineering), verticals (BFSI, healthcare, IT & ITeS, telecommunication, manufacturing, retail & eCommerce, education, and other verticals (transportation, media and Entertainment, and energy and utilities)), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the PTaaS market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing cyber threats and security breaches, Regulatory and compliance requirements, Digital transformation with the adoption of cloud services and IoT devices, and Shift towards remote work), restraints (High costs and budget constraints and complexity in integration with existing security workflows), opportunities (Technological advancements and automation, Expansion into new verticals, and Alignment of PTaaS with DevSecOps practices), and challenges (Balancing automation and human expertise, Maintaining data confidentiality and security, and Lack of skilled security professionals).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the PTaaS market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the PTaaS market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the PTaaS market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Synack (US), HackerOne (US), Synopsys (US), Intervision (US), Edgescan (Ireland), among others, in the PTaaS market strategies.

Table of Contents

1            INTRODUCTION            30

1.1         STUDY OBJECTIVES      30

1.2         MARKET DEFINITION   30

1.2.1      INCLUSIONS AND EXCLUSIONS 31

1.3         STUDY SCOPE  32

1.3.1      MARKET SEGMENTATION         32

1.3.2      REGIONS COVERED      32

1.4         YEARS CONSIDERED     33

1.5         CURRENCY CONSIDERED          33

1.6         STAKEHOLDERS            34

2            RESEARCH METHODOLOGY     35

2.1         RESEARCH DATA           35

2.1.1      SECONDARY DATA       36

2.1.2      PRIMARY DATA 37

2.1.2.1   Breakup of primary profiles             37

2.1.2.2   Key insights from industry experts   37

2.2         DATA TRIANGULATION             38

2.3         MARKET SIZE ESTIMATION       38

2.3.1      TOP-DOWN APPROACH             39

2.3.2      BOTTOM-UP APPROACH           39

2.4         MARKET FORECAST      41

2.5         COMPANY EVALUATION MATRIX METHODOLOGY       42

2.5.1      FOR LARGE PLAYERS    42

2.5.2      FOR START-UPS             43

2.6         ASSUMPTIONS 43

2.7         LIMITATIONS   44

3            EXECUTIVE SUMMARY 45

4            PREMIUM INSIGHTS      48

4.1         ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN PENETRATION TESTING AS A SERVICE MARKET            48

4.2         PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING 48

4.3         PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE      49

4.4         PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE              49

4.5         PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL 50

4.6         MARKET INVESTMENT SCENARIO         50

5            MARKET OVERVIEW AND INDUSTRY TRENDS   51

5.1         INTRODUCTION            51

5.2         MARKET DYNAMICS     51

5.2.1      DRIVERS            52

5.2.1.1   Increasing cyber threats and security breaches             52

5.2.1.2   Need for thorough security testing and detailed reports demonstrating adherence to industry standards         52

5.2.1.3   Rising digital transformation initiatives and widespread adoption of cloud services and IoT devices   52

5.2.1.4   Shift toward remote work   53

5.2.2      RESTRAINTS     54

5.2.2.1   High costs and budget constraints    54

5.2.2.2   Complexity in integration with existing security workflows        54

5.2.3      OPPORTUNITIES           54

5.2.3.1   Technological advancements and automation 54

5.2.3.2   Expansion into new verticals            55

5.2.3.3   Alignment of PTaaS with DevSecOps practices           55

5.2.4      CHALLENGES   55

5.2.4.1   Balancing automation and human expertise   55

5.2.4.2   Maintaining data confidentiality and security 55

5.2.4.3   Lack of skilled security professionals 56

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56

5.4         PRICING ANALYSIS        57

5.4.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY OFFERING              59

5.4.2      INDICATIVE PRICING ANALYSIS, BY VENDOR    59

5.5         VALUE CHAIN ANALYSIS            62

5.5.1      PENETRATION TESTING AS A SERVICE PROVIDERS       62

5.5.2      TECHNOLOGY PROVIDERS       62

5.5.3      CONSULTANTS AND INTEGRATORS     63

5.5.4      REGULATORY BODIES AND STANDARDS           63

5.5.5      DISTRIBUTORS, RESELLERS, AND VALUE-ADDED RESELLERS (CONSULTATION)        63

5.5.6      END USERS       63

5.6         ECOSYSTEM     63

5.7         TECHNOLOGY ANALYSIS           65

5.7.1      KEY TECHNOLOGIES    65

5.7.1.1   Vulnerability scanners       65

5.7.1.2   Exploitation tools 65

5.7.1.3   Web Application Security Scanners (WAST) 66

5.7.2      COMPLEMENTARY TECHNOLOGIES     67

5.7.2.1   SIEM     67

5.7.2.2   Vulnerability Management Platforms (VMPs)             67

5.7.2.3   CSPM    68

5.7.2.4   SOAR    69

5.7.3      ADJACENT TECHNOLOGIES      69

5.7.3.1   Endpoint Detection and Response (EDR)     69

5.7.3.2   Next-Generation Firewalls (NGFWs)            70

5.7.3.3   IAM       71

5.8         TECHNOLOGY ROADMAP         72

5.8.1      PHASES OF PENETRATION TESTING AS A SERVICE MARKET      72

5.9         PATENT ANALYSIS        74

5.9.1      LIST OF MAJOR PATENTS          75

5.10       KEY CONFERENCES AND EVENTS, 2024–2025     77

5.11       REGULATORY LANDSCAPE       78

5.11.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          78

5.12       PORTER’S FIVE FORCES ANALYSIS         82

5.12.1    THREAT OF NEW ENTRANTS    83

5.12.2    THREAT OF SUBSTITUTES         83

5.12.3    BARGAINING POWER OF SUPPLIERS     84

5.12.4    BARGAINING POWER OF BUYERS           84

5.12.5    INTENSITY OF COMPETITIVE RIVALRY 84

5.13       KEY STAKEHOLDERS & BUYING CRITERIA          85

5.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         85

5.13.2    BUYING CRITERIA         85

5.14       BEST PRACTICES IN PENETRATION TESTING AS A SERVICE MARKET              86

5.15       EVOLUTION OF PENETRATION TESTING AS A SERVICE TECHNOLOGY              89

5.15.1    EARLY FOUNDATIONS AND EVOLUTION           89

5.15.2    RISE OF AGILE AND DEVOPS     89

5.15.3    EMERGENCE OF PENETRATION AS A SERVICE  89

5.15.4    MODERN APPLICATIONS AND FUTURE TRENDS            89

5.16       BUSINESS MODEL ANALYSIS     90

5.16.1    PROJECT-BASED PENETRATION TESTING         90

5.16.2    SUBSCRIPTION-BASED PENETRATION TESTING            90

5.16.3    CROWDSOURCED PENETRATION TESTING       90

5.16.4    PENETRATION TESTING AS A SERVICE (PTAAS)             90

5.16.5    HYBRID PENETRATION TESTING MODEL          91

5.17       INVESTMENT AND FUNDING SCENARIO            91

5.18       CASE STUDY ANALYSIS 91

5.18.1    BUGCROWD HELPED RAPYD ELEVATE SECURITY WITH PENETRATION AS A SERVICE AND BUG BOUNTY PROGRAMS    91

5.18.2    PARSEUR ACHIEVED ROBUST SECURITY WITH ASTRA SECURITY’S PENETRATION TESTING AS A SERVICE 92

5.18.3    GONG ENHANCED SECURITY WITH NETSPI’S PENETRATION TESTING AS A SERVICE    93

6            PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING 94

6.1         INTRODUCTION            95

6.1.1      OFFERINGS: PENETRATION TESTING AS A SERVICE MARKET DRIVERS              95

6.2         SOLUTIONS      97

6.2.1      COMPLIANCE WITH STRINGENT REGULATORY REQUIREMENTS AND FLEXIBILITY TO INTEGRATE WITH EXISTING SECURITY INFRASTRUCTURES TO DRIVE MARKET       97

6.3         MANAGED SERVICES    98

6.3.1      NEED FOR EXPERT-DRIVEN AND COMPREHENSIVE SECURITY ASSESSMENTS TO FUEL MARKET GROWTH       98

7            PENETRATION TESTING AS A SERVICE MARKET,  BY ORGANIZATION SIZE      99

7.1         INTRODUCTION            100

7.1.1      ORGANIZATION SIZES: PENETRATION TESTING AS A SERVICE MARKET DRIVERS         100

7.2         SMALL AND MEDIUM-SIZED ENTERPRISES        102

7.2.1      INCREASING NEED FOR AFFORDABLE AND EFFECTIVE CYBERSECURITY SOLUTIONS TO BOOST MARKET GROWTH    102

7.3         LARGE ENTERPRISES    103

7.3.1      COMPLEX AND EXPANSIVE IT INFRASTRUCTURES TO FOSTER DEMAND FOR PEN-TEST SERVICES       103

8            PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE              104

8.1         INTRODUCTION            105

8.1.1      TESTING TYPES: PENETRATION TESTING AS A SERVICE MARKET DRIVERS            105

8.2         WEB APPLICATION TESTING    107

8.2.1      NEED TO IDENTIFY AND MITIGATE VULNERABILITIES IN WEB-BASED APPLICATIONS TO BOOST MARKET      107

8.3         MOBILE APPLICATION TESTING            108

8.3.1      RISING ADOPTION OF MOBILE APPLICATIONS FOR BUSINESS OPERATIONS, CUSTOMER ENGAGEMENT, AND TRANSACTION PROCESSING TO DRIVE DEMAND      108

8.4         NETWORK/DEVICE TESTING    109

8.4.1      INCREASING COMPLEXITY OF IT INFRASTRUCTURES AND PROLIFERATION OF IOT DEVICES TO ACCELERATE MARKET GROWTH              109

8.5         CLOUD TESTING           110

8.5.1      WIDESPREAD ADOPTION OF CLOUD AND INCREASING RELIANCE ON CLOUD INFRASTRUCTURE TO PROPEL MARKET           110

8.6         SOCIAL ENGINEERING 111

8.6.1      INCREASING SOPHISTICATION AND FREQUENCY OF SOCIAL ENGINEERING ATTACKS TO BOOST MARKET GROWTH             111

9            PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL 112

9.1         INTRODUCTION            113

9.1.1      VERTICALS: PENETRATION TESTING AS A SERVICE MARKET DRIVERS              113

9.2         BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)           115

9.2.1      STRINGENT REGULATORY REQUIREMENTS AND NEED TO PROTECT SENSITIVE FINANCIAL DATA TO FOSTER MARKET GROWTH    115

9.3         HEALTHCARE  116

9.3.1      GROWTH IN CYBERATTACKS AND NEED FOR CONFIDENTIALITY OF DATA TO DRIVE ADOPTION OF PEN-TEST SOLUTIONS 116

9.4         IT & ITES            117

9.4.1      INCREASED ADOPTION OF CLOUD, IOT, AND AI AND BY SURGE IN CYBERATTACKS TO STRENGTHEN MARKET     117

9.5         TELECOMMUNICATIONS          118

9.5.1      INCREASING DEMAND FOR HIGH-SPEED INTERNET, ROLLOUT OF 5G TECHNOLOGY, AND PROLIFERATION OF IOT DEVICES TO FUEL MARKET GROWTH          118

9.6         RETAIL & ECOMMERCE 119

9.6.1      EXPONENTIAL GROWTH IN ONLINE SHOPPING AND DIGITAL PAYMENTS AND NEED TO ENSURE INTEGRITY OF ONLINE TRANSACTIONS TO DRIVE MARKET GROWTH          119

9.7         MANUFACTURING        120

9.7.1      NEED TO SECURE DIGITAL INFRASTRUCTURE, ENHANCE COMPLIANCE, AND SAFEGUARD AGAINST DISRUPTIONS TO ELEVATE MARKET GROWTH        120

9.8         EDUCATION     121

9.8.1      GROWING RELIANCE ON DIGITAL PLATFORMS FOR LEARNING, ADMINISTRATION, AND RESEARCH TO DRIVE MARKET             121

9.9         OTHER VERTICALS       122

10          PENETRATION TESTING AS A SERVICE MARKET, BY REGION     123

10.1       INTRODUCTION            124

10.2       NORTH AMERICA          125

10.2.1    NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET DRIVERS            126

10.2.2    NORTH AMERICA: RECESSION IMPACT 126

10.2.3    US         131

10.2.3.1 Increasing cyberattacks and large presence of PTaaS vendors to fuel market              131

10.2.4    CANADA            134

10.2.4.1 Increasing need for robust cybersecurity measures amidst rising cyber threats to foster market growth          134

10.3       EUROPE             137

10.3.1    EUROPE: PENETRATION TESTING AS A SERVICE MARKET DRIVERS              137

10.3.2    EUROPE: RECESSION IMPACT   138

10.3.3    UK         142

10.3.3.1 Rising instances of cybercrime and strict cybersecurity regulations to drive market              142

10.3.4    GERMANY         145

10.3.4.1 Technological advancements and growing industrial automation to propel market              145

10.3.5    FRANCE             148

10.3.5.1 Increased investment in digitalization by government and enterprises and rising regulatory scrutiny to boost market growth    148

10.3.6    ITALY   151

10.3.6.1 Increasing awareness of cybersecurity threats and need for robust defense mechanism to accelerate market growth         151

10.3.7    REST OF EUROPE           154

10.4       ASIA PACIFIC    157

10.4.1    ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET DRIVERS            157

10.4.2    ASIA PACIFIC: RECESSION IMPACT        158

10.4.3    CHINA  162

10.4.3.1 Rising digitization, stringent regulations, and growing cyber threats to enhance market growth     162

10.4.4    JAPAN  165

10.4.4.1 Increased investments in penetration testing services and government initiatives to elevate market 165

10.4.5    INDIA   168

10.4.5.1 Digitalization and rapidly increasing internet penetration to fuel demand for PTaaS solutions   168

10.4.6    REST OF ASIA PACIFIC  171

10.5       MIDDLE EAST & AFRICA             174

10.5.1    MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET DRIVERS         175

10.5.2    MIDDLE EAST & AFRICA: RECESSION IMPACT   175

10.5.3    MIDDLE EAST  179

10.5.3.1 Highest social media penetration rates, digitalization initiatives, and growing instances of cyberattacks to propel market     179

10.5.3.2 GCC countries     182

10.5.3.2.1            UAE      185

10.5.3.2.2            KSA       186

10.5.3.3 Rest of Middle East            186

10.5.4    AFRICA 189

10.5.4.1 Rising digitalization, internet usage, and increasing cyber threats to drive market              189

10.6       LATIN AMERICA             192

10.6.1    LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET DRIVERS            192

10.6.2    LATIN AMERICA: RECESSION IMPACT   193

10.6.3    BRAZIL 196

10.6.3.1 Largest eCommerce industry and strict data protection laws to boost market growth   196

10.6.4    MEXICO             199

10.6.4.1 Trade agreements with US and Canada to fuel market growth   199

10.6.5    REST OF LATIN AMERICA          202

11          COMPETITIVE LANDSCAPE       205

11.1       INTRODUCTION            205

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          205

11.2.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY PENETRATION TESTING AS A SERVICE VENDORS          205

11.3       REVENUE ANALYSIS      207

11.4       MARKET SHARE ANALYSIS         208

11.5       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   209

11.5.1    STARS  209

11.5.2    EMERGING LEADERS    209

11.5.3    PERVASIVE PLAYERS     209

11.5.4    PARTICIPANTS 210

11.5.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      211

11.5.5.1 Company footprint            211

11.5.5.2 Offering footprint 211

11.5.5.3 Testing type footprint        212

11.5.5.4 Vertical footprint 213

11.5.5.5 Regional footprint              213

11.6       COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023         214

11.6.1    PROGRESSIVE COMPANIES       214

11.6.2    RESPONSIVE COMPANIES          214

11.6.3    DYNAMIC COMPANIES 215

11.6.4    STARTING BLOCKS       215

11.6.5    COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023           216

11.6.5.1 Key start-ups/SMEs          216

11.6.5.2 Competitive benchmarking of key start-ups/SMEs      217

11.7       COMPANY VALUATION AND FINANCIAL METRICS OF KEY PENETRATION TESTING AS A SERVICE VENDORS          218

11.8       BRAND/PRODUCT COMPARISON          218

11.9       COMPETITIVE SCENARIO AND TRENDS             219

11.9.1    PRODUCT LAUNCHES AND ENHANCEMENTS   219

11.9.2    DEALS  225

12          COMPANY PROFILES    233

12.1       KEY PLAYERS   233

12.1.1    SYNACK             233

12.1.1.1 Business overview 233

12.1.1.2 Products/Solutions/Services offered 234

12.1.1.3 Recent developments         234

12.1.1.4 MnM view           235

12.1.1.4.1            Key strengths       235

12.1.1.4.2            Strategic choices made       235

12.1.1.4.3            Weaknesses and competitive threats 235

12.1.2    HACKERONE    236

12.1.2.1 Business overview 236

12.1.2.2 Products/Solutions/Services offered 237

12.1.2.3 Recent developments         237

12.1.2.4 MnM view           238

12.1.2.4.1            Key strengths       238

12.1.2.4.2            Strategic choices made       238

12.1.2.4.3            Weaknesses and competitive threats 238

12.1.3    SYNOPSYS         239

12.1.3.1 Business overview 239

12.1.3.2 Products/Solutions/Services offered 240

12.1.3.3 Recent developments         242

12.1.3.4 MnM view           244

12.1.3.4.1            Key strengths       244

12.1.3.4.2            Strategic choices made       244

12.1.3.4.3            Weaknesses and competitive threats 244

12.1.4    INTERVISION SYSTEMS 245

12.1.4.1 Business overview 245

12.1.4.2 Products/Solutions/Services offered 245

12.1.4.3 Recent developments         246

12.1.4.4 MnM view           247

12.1.4.4.1            Key strengths       247

12.1.4.4.2            Strategic choices made       247

12.1.4.4.3            Weaknesses and competitive threats 247

12.1.5    EDGESCAN       248

12.1.5.1 Business overview 248

12.1.5.2 Products/Solutions/Services offered 248

12.1.5.3 Recent developments         249

12.1.5.4 MnM view           250

12.1.5.4.1            Key strengths       250

12.1.5.4.2            Strategic choices made       250

12.1.5.4.3            Weaknesses and competitive threats 250

12.1.6    BUGCROWD     251

12.1.6.1 Business overview 251

12.1.6.2 Products/Solutions/Services offered 251

12.1.6.3 Recent developments         252

12.1.6.4 MnM view           254

12.1.6.4.1            Key strengths       254

12.1.6.4.2            Strategic choices made       254

12.1.6.4.3            Weaknesses and competitive threats 254

12.1.7    GUIDEPOINT SECURITY             255

12.1.7.1 Business overview 255

12.1.7.2 Products/Solutions/Services offered 255

12.1.7.3 Recent developments         256

12.1.7.4 MnM view           256

12.1.7.4.1            Key strengths       256

12.1.7.4.2            Strategic choices made       256

12.1.7.4.3            Weaknesses and competitive threats 256

12.1.8    TRUSTWAVE    257

12.1.8.1 Business overview 257

12.1.8.2 Products/Solutions/Services offered 257

12.1.8.3 Recent developments         258

12.1.8.4 MnM view           259

12.1.8.4.1            Key strengths       259

12.1.8.4.2            Strategic choices made       259

12.1.8.4.3            Weaknesses and competitive threats 259

12.1.9    COBALT            260

12.1.9.1 Business overview 260

12.1.9.2 Products/Solutions/Services offered 260

12.1.9.3 Recent developments         261

12.1.10  NETSPI 262

12.1.10.1             Business overview 262

12.1.10.2             Products/Solutions/Services offered 262

12.1.10.3             Recent developments         263

12.1.11  VERACODE       265

12.1.11.1             Business overview 265

12.1.11.2             Products/Solutions/Services offered 265

12.1.11.3             Recent developments         266

12.1.12  YOGOSHA         267

12.1.12.1             Business overview 267

12.1.12.2             Products/Solutions/Services offered 267

12.1.12.3             Recent developments         268

12.1.13  SOFTWARE SECURED   269

12.1.13.1             Business overview 269

12.1.13.2             Products/Solutions/Services offered 269

12.1.14  RAXIS   270

12.1.14.1             Business overview 270

12.1.14.2             Products/Solutions/Services offered 270

12.1.15  VUMETRIC CYBERSECURITY     271

12.1.15.1             Business overview 271

12.1.15.2             Products/Solutions/Services offered 271

12.1.15.3             Recent developments         272

12.1.16  NOWSECURE    273

12.1.16.1             Business overview 273

12.1.16.2             Products/Solutions/Services offered 273

12.1.16.3             Recent developments         274

12.2       OTHER PLAYERS           275

12.2.1    BREACHLOCK  275

12.2.2    ASTRA SECURITY           276

12.2.3    STROBES SECURITY      277

12.2.4    PENTEST PEOPLE         278

12.2.5    ROOTSHELL SECURITY 279

12.2.6    SAFEAEON        280

12.2.7    IMMUNIWEB     281

12.2.8    CYBERHUNTER SOLUTIONS     282

13          ADJACENT MARKETS    283

13.1       INTRODUCTION            283

13.2       LIMITATIONS   283

13.3       PENETRATION TESTING MARKET         283

13.4       AUTOMATED BREACH AND ATTACK SIMULATION MARKET     288

13.5       SECURITY TESTING MARKET    293

14          APPENDIX         297

14.1       DISCUSSION GUIDE      297

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             300

14.3       CUSTOMIZATION OPTIONS      302

14.4       RELATED REPORTS       302

14.5       AUTHOR DETAILS         303

LIST OF TABLES

TABLE 1             USD EXCHANGE RATES, 2020–2023         33

TABLE 2             FACTOR ANALYSIS        41

TABLE 3             TYPES OF PENETRATION TESTING AND THEIR COSTS 58

TABLE 4             PENETRATION TESTING METHODOLOGIES AND THEIR PRICING            58

TABLE 5             AVERAGE SELLING PRICE OF KEY PLAYERS, BY OFFERING              59

TABLE 6             INDICATIVE PRICING LEVELS OF PENETRATION TESTING AS A SERVICE SOLUTIONS, BY VENDOR     59

TABLE 7             PENETRATION TESTING AS A SERVICE MARKET: ECOSYSTEM              64

TABLE 8             PENETRATION TESTING AS A SERVICE MARKET: CONFERENCES AND EVENTS, 2024–2025             77

TABLE 9             NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         78

TABLE 10           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

TABLE 11           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         80

TABLE 12           MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         81

TABLE 13           LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         82

TABLE 14           PORTER’S FIVE FORCES IMPACT ON PENETRATION TESTING AS A SERVICE MARKET 82

TABLE 15           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS             85

TABLE 16           KEY BUYING CRITERIA FOR TOP VERTICALS     86

TABLE 17          PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          96

TABLE 18          PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          96

TABLE 19           SOLUTIONS: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2019–2023 (USD MILLION)          97

TABLE 20           SOLUTIONS: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2024–2029 (USD MILLION)          97

TABLE 21           MANAGED SERVICES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2019–2023 (USD MILLION)          98

TABLE 22           MANAGED SERVICES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2024–2029 (USD MILLION)          98

TABLE 23           PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)          101

TABLE 24           PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,

2024–2029 (USD MILLION)          101

TABLE 25           SMES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2019–2023 (USD MILLION)          102

TABLE 26           SMES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2024–2029 (USD MILLION)          102

TABLE 27           LARGE ENTERPRISES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2019–2023 (USD MILLION)          103

TABLE 28           LARGE ENTERPRISES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2024–2029 (USD MILLION)          103

TABLE 29           PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          106

TABLE 30           PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          106

TABLE 31           WEB APPLICATION TESTING: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2019–2023 (USD MILLION)  107

TABLE 32           WEB APPLICATION TESTING: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2024–2029 (USD MILLION)  107

TABLE 33           MOBILE APPLICATION TESTING: PENETRATION TESTING AS A SERVICE MARKET,  BY REGION, 2019–2023 (USD MILLION)    108

TABLE 34           MOBILE APPLICATION TESTING: PENETRATION TESTING AS A SERVICE MARKET,  BY REGION, 2024–2029 (USD MILLION)    108

TABLE 35           NETWORK/DEVICE TESTING: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2019–2023 (USD MILLION)  109

TABLE 36           NETWORK/DEVICE TESTING: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2024–2029 (USD MILLION)  109

TABLE 37           CLOUD TESTING: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2019–2023 (USD MILLION)          110

TABLE 38           CLOUD TESTING: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2024–2029 (USD MILLION)          110

TABLE 39           SOCIAL ENGINEERING: PENETRATION TESTING AS A SERVICE MARKET, BY REGION, 2019–2023 (USD MILLION)            111

TABLE 40           SOCIAL ENGINEERING: PENETRATION TESTING AS A SERVICE MARKET, BY REGION, 2024–2029 (USD MILLION)            111

TABLE 41           PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          114

TABLE 42           PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          115

TABLE 43           BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI): PENETRATION TESTING AS A SERVICE MARKET, BY REGION, 2019–2023 (USD MILLION)          115

TABLE 44           BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI): PENETRATION TESTING AS A SERVICE MARKET, BY REGION, 2024–2029 (USD MILLION)          116

TABLE 45          HEALTHCARE: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2019–2023 (USD MILLION)          116

TABLE 46          HEALTHCARE: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2024–2029 (USD MILLION)          117

TABLE 47           IT & ITES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2019–2023 (USD MILLION)          117

TABLE 48           IT & ITES: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2024–2029 (USD MILLION)          118

TABLE 49           TELECOMMUNICATIONS: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2019–2023 (USD MILLION)  118

TABLE 50           TELECOMMUNICATIONS: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2024–2029 (USD MILLION)  119

TABLE 51           RETAIL & ECOMMERCE: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2019–2023 (USD MILLION)  119

TABLE 52           RETAIL & ECOMMERCE: PENETRATION TESTING AS A SERVICE MARKET,

BY REGION, 2024–2029 (USD MILLION)  120

TABLE 53           MANUFACTURING: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2019–2023 (USD MILLION)          120

TABLE 54           MANUFACTURING: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,  2024–2029 (USD MILLION)          121

TABLE 55           EDUCATION: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2019–2023 (USD MILLION)          121

TABLE 56           EDUCATION: PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2024–2029 (USD MILLION)          122

TABLE 57           PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2019–2023 (USD MILLION)          124

TABLE 58           PENETRATION TESTING AS A SERVICE MARKET, BY REGION,

2024–2029 (USD MILLION)          125

TABLE 59           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2019–2023 (USD MILLION)      127

TABLE 60           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2024–2029 (USD MILLION)      128

TABLE 61           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       128

TABLE 62           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       128

TABLE 63           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2019–2023 (USD MILLION) 128

TABLE 64           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2024–2029 (USD MILLION) 129

TABLE 65           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2019–2023 (USD MILLION)      129

TABLE 66           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)      130

TABLE 67           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,  2019–2023 (USD MILLION)      130

TABLE 68           NORTH AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,  2024–2029 (USD MILLION)      130

TABLE 69           US: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          131

TABLE 70           US: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          132

TABLE 71           US: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          132

TABLE 72           US: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          132

TABLE 73           US: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          132

TABLE 74           US: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          133

TABLE 75           US: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          133

TABLE 76           US: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          134

TABLE 77           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          135

TABLE 78           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          135

TABLE 79           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          135

TABLE 80           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          135

TABLE 81           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION)       136

TABLE 82           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION)       136

TABLE 83           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          136

TABLE 84           CANADA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          137

TABLE 85           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          138

TABLE 86           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          138

TABLE 87           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          139

TABLE 88           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          139

TABLE 89           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION)       139

TABLE 90           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION)       140

TABLE 91           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          140

TABLE 92           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          141

TABLE 93           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          141

TABLE 94           EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          141

TABLE 95           UK: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          142

TABLE 96           UK: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          142

TABLE 97           UK: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          143

TABLE 98           UK: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          143

TABLE 99           UK: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          143

TABLE 100         UK: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          144

TABLE 101         UK: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          144

TABLE 102         UK: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          145

TABLE 103         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          145

TABLE 104         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          146

TABLE 105         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)            146

TABLE 106         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)            146

TABLE 107         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION)       146

TABLE 108         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION)       147

TABLE 109         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          147

TABLE 110         GERMANY: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          148

TABLE 111         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          148

TABLE 112         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          149

TABLE 113         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          149

TABLE 114         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          149

TABLE 115         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION)       149

TABLE 116         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION)       150

TABLE 117         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          150

TABLE 118         FRANCE: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          151

TABLE 119         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          152

TABLE 120         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          152

TABLE 121         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          152

TABLE 122         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          152

TABLE 123         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          153

TABLE 124         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          153

TABLE 125         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          153

TABLE 126         ITALY: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          154

TABLE 127         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2019–2023 (USD MILLION)      154

TABLE 128         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2024–2029 (USD MILLION)      155

TABLE 129         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       155

TABLE 130         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       155

TABLE 131         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2019–2023 (USD MILLION) 155

TABLE 132         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2024–2029 (USD MILLION) 156

TABLE 133         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2019–2023 (USD MILLION)      156

TABLE 134         REST OF EUROPE: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)      157

TABLE 135         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2019–2023 (USD MILLION)         158

TABLE 136         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2024–2029 (USD MILLION)         159

TABLE 137         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       159

TABLE 138         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       159

TABLE 139         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION) 159

TABLE 140         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION) 160

TABLE 141         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2019–2023 (USD MILLION)          160

TABLE 142         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)          161

TABLE 143         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,  2019–2023 (USD MILLION)         161

TABLE 144         ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,  2024–2029 (USD MILLION)         161

TABLE 145         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          162

TABLE 146         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          162

TABLE 147         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          163

TABLE 148         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          163

TABLE 149         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          163

TABLE 150         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          164

TABLE 151         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          164

TABLE 152         CHINA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          165

TABLE 153         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          166

TABLE 154         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          166

TABLE 155         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          166

TABLE 156         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          166

TABLE 157         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          167

TABLE 158         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          167

TABLE 159         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          167

TABLE 160         JAPAN: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          168

TABLE 161         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          169

TABLE 162         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          169

TABLE 163         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          169

TABLE 164         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          170

TABLE 165         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          170

TABLE 166         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          170

TABLE 167         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          171

TABLE 168         INDIA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          171

TABLE 169         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2019–2023 (USD MILLION)            172

TABLE 170         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2024–2029 (USD MILLION)            172

TABLE 171         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       172

TABLE 172         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       173

TABLE 173         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2019–2023 (USD MILLION) 173

TABLE 174         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2024–2029 (USD MILLION) 173

TABLE 175         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2019–2023 (USD MILLION)            174

TABLE 176         REST OF ASIA PACIFIC: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            174

TABLE 177         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2019–2023 (USD MILLION)            175

TABLE 178         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2024–2029 (USD MILLION)            175

TABLE 179         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       176

TABLE 180         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       176

TABLE 181         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY TESTING TYPE, 2019–2023 (USD MILLION)    176

TABLE 182         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY TESTING TYPE, 2024–2029 (USD MILLION)    177

TABLE 183         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2019–2023 (USD MILLION)            177

TABLE 184         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            178

TABLE 185         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY SUBREGION, 2019–2023 (USD MILLION)         178

TABLE 186         MIDDLE EAST & AFRICA: PENETRATION TESTING AS A SERVICE MARKET,

BY SUBREGION, 2024–2029 (USD MILLION)         178

TABLE 187        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2019–2023 (USD MILLION)         179

TABLE 188        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2024–2029 (USD MILLION)         179

TABLE 189        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       180

TABLE 190        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       180

TABLE 191        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION) 180

TABLE 192        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION) 181

TABLE 193        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2019–2023 (USD MILLION)          181

TABLE 194        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)          182

TABLE 195        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY COUNTRY/SUBREGION, 2019–2023 (USD MILLION)   182

TABLE 196        MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY COUNTRY/SUBREGION,  2024–2029 (USD MILLION) 182

TABLE 197         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2019–2023 (USD MILLION)      183

TABLE 198         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2024–2029 (USD MILLION)      183

TABLE 199         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       183

TABLE 200         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       184

TABLE 201         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2019–2023 (USD MILLION) 184

TABLE 202         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE, 2024–2029 (USD MILLION) 184

TABLE 203         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2019–2023 (USD MILLION)      185

TABLE 204         GCC COUNTRIES: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)      185

TABLE 205         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2019–2023 (USD MILLION)            187

TABLE 206         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2024–2029 (USD MILLION)            187

TABLE 207         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       187

TABLE 208         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       187

TABLE 209         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY TESTING TYPE, 2019–2023 (USD MILLION)    188

TABLE 210         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY TESTING TYPE, 2024–2029 (USD MILLION)    188

TABLE 211         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2019–2023 (USD MILLION)            188

TABLE 212         REST OF MIDDLE EAST: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            189

TABLE 213         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          190

TABLE 214         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          190

TABLE 215         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          190

TABLE 216         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          190

TABLE 217         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          191

TABLE 218         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          191

TABLE 219         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          191

TABLE 220         AFRICA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          192

TABLE 221         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2019–2023 (USD MILLION)      193

TABLE 222         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,  2024–2029 (USD MILLION)      193

TABLE 223         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       193

TABLE 224         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       194

TABLE 225         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION)            194

TABLE 226         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION)            194

TABLE 227         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2019–2023 (USD MILLION)      195

TABLE 228         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)      195

TABLE 229         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,  2019–2023 (USD MILLION)      195

TABLE 230         LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET, BY COUNTRY,  2024–2029 (USD MILLION)      196

TABLE 231         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          196

TABLE 232         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          197

TABLE 233         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          197

TABLE 234         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          197

TABLE 235         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2019–2023 (USD MILLION)          197

TABLE 236         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,

2024–2029 (USD MILLION)          198

TABLE 237         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          198

TABLE 238         BRAZIL: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          199

TABLE 239         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2019–2023 (USD MILLION)          199

TABLE 240         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY OFFERING,

2024–2029 (USD MILLION)          200

TABLE 241         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2019–2023 (USD MILLION)          200

TABLE 242         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2024–2029 (USD MILLION)          200

TABLE 243         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2019–2023 (USD MILLION)       200

TABLE 244         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY TESTING TYPE,  2024–2029 (USD MILLION)       201

TABLE 245         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          201

TABLE 246         MEXICO: PENETRATION TESTING AS A SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          202

TABLE 247         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2019–2023 (USD MILLION)            202

TABLE 248         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY OFFERING, 2024–2029 (USD MILLION)            203

TABLE 249         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)       203

TABLE 250         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)       203

TABLE 251         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY TESTING TYPE, 2019–2023 (USD MILLION)    203

TABLE 252         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY TESTING TYPE, 2024–2029 (USD MILLION)    204

TABLE 253         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2019–2023 (USD MILLION)            204

TABLE 254         REST OF LATIN AMERICA: PENETRATION TESTING AS A SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            204

TABLE 255         PENETRATION TESTING AS A SERVICE MARKET: DEGREE OF COMPETITION 208

TABLE 256         PENETRATION TESTING AS A SERVICE MARKET: OFFERING FOOTPRINT      211

TABLE 257         PENETRATION TESTING AS A SERVICE MARKET: TESTING TYPE FOOTPRINT         212

TABLE 258         PENETRATION TESTING AS A SERVICE MARKET: VERTICAL FOOTPRINT      213

TABLE 259         PENETRATION TESTING AS A SERVICE MARKET: REGIONAL FOOTPRINT      213

TABLE 260         PENETRATION TESTING AS A SERVICE MARKET: KEY START-UPS/SMES         216

TABLE 261         PENETRATION TESTING AS A SERVICE MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES        217

TABLE 262         PENETRATION TESTING AS A SERVICE MARKET: REGIONAL FOOTPRINT OF START-UPS/SMES         217

TABLE 263         PENETRATION TESTING AS A SERVICE MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, NOVEMBER 2021–MAY 2024 219

TABLE 264         PENETRATION TESTING AS A SERVICE MARKET: DEALS,

OCTOBER 2021–MAY 2024          225

TABLE 265         SYNACK: BUSINESS OVERVIEW 233

TABLE 266         SYNACK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234

TABLE 267         SYNACK: PRODUCT LAUNCHES 234

TABLE 268         HACKERONE: BUSINESS OVERVIEW      236

TABLE 269         HACKERONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              237

TABLE 270         HACKERONE: PRODUCT ENHANCEMENTS        237

TABLE 271         SYNOPSYS: BUSINESS OVERVIEW           239

TABLE 272         SYNOPSYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              240

TABLE 273         SYNOPSYS: PRODUCT LAUNCHES AND ENHANCEMENTS              242

TABLE 274         SYNOPSYS: DEALS         243

TABLE 275         INTERVISION SYSTEMS: BUSINESS OVERVIEW  245

TABLE 276         INTERVISION SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          245

TABLE 277         INTERVISION SYSTEMS: DEALS 246

TABLE 278         EDGESCAN: BUSINESS OVERVIEW          248

TABLE 279         EDGESCAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED              248

TABLE 280         EDGESCAN: PRODUCT LAUNCHES        249

TABLE 281         EDGESCAN: DEALS        250

TABLE 282         BUGCROWD: BUSINESS OVERVIEW       251

TABLE 283         BUGCROWD: PRODUCTS/SOLUTIONS/SERVICES OFFERED              251

TABLE 284         BUGCROWD: PRODUCT LAUNCHES AND ENHANCEMENTS              252

TABLE 285         BUGCROWD: DEALS     253

TABLE 286         BUGCROWD: EXPANSIONS        254

TABLE 287         GUIDEPOINT SECURITY: BUSINESS OVERVIEW 255

TABLE 288         GUIDEPOINT SECURITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          255

TABLE 289         GUIDEPOINT SECURITY: PRODUCT LAUNCHES             256

TABLE 290         TRUSTWAVE: BUSINESS OVERVIEW       257

TABLE 291         TRUSTWAVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              257

TABLE 292         TRUSTWAVE: PRODUCT LAUNCHES AND ENHANCEMENTS              258

TABLE 293         TRUSTWAVE: DEALS     259

TABLE 294         COBALT: BUSINESS OVERVIEW 260

TABLE 295         COBALT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 260

TABLE 296         COBALT: PRODUCT LAUNCHES             261

TABLE 297         COBALT: DEALS            261

TABLE 298         NETSPI: BUSINESS OVERVIEW  262

TABLE 299         NETSPI: PRODUCTS/SOLUTIONS/SERVICES OFFERED  262

TABLE 300         NETSPI: PRODUCT LAUNCHES 263

TABLE 301         NETSPI: DEALS 264

TABLE 302         VERACODE: BUSINESS OVERVIEW         265

TABLE 303         VERACODE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              265

TABLE 304         VERACODE: PRODUCT LAUNCHES        266

TABLE 305         VERACODE: DEALS       266

TABLE 306         YOGOSHA: BUSINESS OVERVIEW           267

TABLE 307         YOGOSHA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              267

TABLE 308         YOGOSHA: DEALS         268

TABLE 309         SOFTWARE SECURED: BUSINESS OVERVIEW     269

TABLE 310         SOFTWARE SECURED: PRODUCTS/SOLUTIONS/SERVICES OFFERED          269

TABLE 311         RAXIS: BUSINESS OVERVIEW     270

TABLE 312         RAXIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED     270

TABLE 313         VUMETRIC CYBERSECURITY: BUSINESS OVERVIEW       271

TABLE 314         VUMETRIC CYBERSECURITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   271

TABLE 315         VUMETRIC CYBERSECURITY: PRODUCT LAUNCHES      272

TABLE 316         VUMETRIC CYBERSECURITY: DEALS     272

TABLE 317         NOWSECURE: BUSINESS OVERVIEW      273

TABLE 318         NOWSECURE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              273

TABLE 319         NOWSECURE: PRODUCT LAUNCHES     274

TABLE 320         NOWSECURE: DEALS    274

TABLE 321         ADJACENT MARKETS AND FORECASTS 283

TABLE 322         PENETRATION TESTING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 283

TABLE 323         PENETRATION TESTING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 284

TABLE 324         PENETRATION TESTING MARKET, BY SERVICE, 2019–2023 (USD MILLION)          284

TABLE 325         PENETRATION TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)          284

TABLE 326         PENETRATION TESTING MARKET, BY DEPLOYMENT MODE,

2019–2023 (USD MILLION)          284

TABLE 327         PENETRATION TESTING MARKET, BY DEPLOYMENT MODE,

2024–2029 (USD MILLION)          285

TABLE 328         PENETRATION TESTING MARKET, BY ORGANIZATION SIZE,

2019–2023 (USD MILLION)          285

TABLE 329         PENETRATION TESTING MARKET, BY ORGANIZATION SIZE,

2024–2029 (USD MILLION)          285

TABLE 330         PENETRATION TESTING MARKET, BY TYPE, 2019–2023 (USD MILLION)          285

TABLE 331         PENETRATION TESTING MARKET, BY TYPE, 2024–2029 (USD MILLION)          286

TABLE 332         PENETRATION TESTING MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 286

TABLE 333         PENETRATION TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 287

TABLE 334         PENETRATION TESTING MARKET, BY REGION, 2019–2023 (USD MILLION)          287

TABLE 335         PENETRATION TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)          287

TABLE 336         AUTOMATED BREACH AND ATTACK SIMULATION MARKET, BY OFFERING,

2017–2019 (USD THOUSAND)     288

TABLE 337         PRE-COVID-19 – AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY OFFERING, 2019–2025 (USD THOUSAND)      288

TABLE 338         POST-COVID-19- AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY OFFERING, 2019–2025 (USD THOUSAND)      288

TABLE 339         AUTOMATED BREACH AND ATTACK SIMULATION MARKET, BY SERVICE,

2017–2019 (USD THOUSAND)     289

TABLE 340         PRE-COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY SERVICE, 2019–2025 (USD THOUSAND)          289

TABLE 341         POST-COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY SERVICE, 2019–2025 (USD THOUSAND)          289

TABLE 342         AUTOMATED BREACH AND ATTACK SIMULATION MARKET, BY DEPLOYMENT MODE,  2017–2019 (USD THOUSAND)            289

TABLE 343         PRE-COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY DEPLOYMENT MODE, 2019–2025 (USD THOUSAND) 290

TABLE 344         POST-COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY DEPLOYMENT MODE, 2019–2025 (USD THOUSAND) 290

TABLE 345         AUTOMATED BREACH AND ATTACK SIMULATION MARKET, BY APPLICATION,  2017–2019 (USD THOUSAND)           290

TABLE 346         PRE-COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY APPLICATION, 2019–2025 (USD THOUSAND) 291

TABLE 347         POST-COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY APPLICATION, 2019–2025 (USD THOUSAND) 291

TABLE 348         AUTOMATED BREACH AND ATTACK SIMULATION MARKET, BY END USER,

2017–2019 (USD THOUSAND)     291

TABLE 349         PRE-COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY END USER, 2019–2025 (USD THOUSAND)       292

TABLE 350         POST0COVID-19: AUTOMATED BREACH AND ATTACK SIMULATION MARKET,

BY END USER, 2019–2025 (USD THOUSAND)       292

TABLE 351         AUTOMATED BREACH AND ATTACK SIMULATION MARKET, BY REGION,

2017–2019 (USD THOUSAND)     292

TABLE 352         AUTOMATED BREACH AND ATTACK SIMULATION MARKET, BY REGION,

2019–2025 (USD THOUSAND)     293

TABLE 353         SECURITY TESTING MARKET, BY TESTING TYPE, 2014–2019 (USD MILLION) 293

TABLE 354         SECURITY TESTING MARKET, BY TESTING TYPE, 2019–2025 (USD MILLION) 293

TABLE 355         SECURITY TESTING MARKET, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION)     294

TABLE 356         SECURITY TESTING MARKET, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)     294

TABLE 357         SECURITY TESTING MARKET, BY ORGANIZATION SIZE, 2014–2019 (USD MILLION)     294

TABLE 358         SECURITY TESTING MARKET, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION)     294

TABLE 359         SECURITY TESTING MARKET, BY VERTICAL, 2014–2019 (USD MILLION)          295

TABLE 360         PRE-COVID-19: SECURITY TESTING MARKET, BY VERTICAL,

2019–2025 (USD MILLION)          295

TABLE 361         SECURITY TESTING MARKET, BY REGION, 2014–2019 (USD MILLION)          296

TABLE 362         POST-COVID-19: SECURITY TESTING MARKET, BY REGION,

2019–2025 (USD MILLION)          296

LIST OF FIGURES

FIGURE 1           PENETRATION TESTING AS A SERVICE MARKET: RESEARCH DESIGN              36

FIGURE 2           PENETRATION TESTING AS A SERVICE MARKET: DATA TRIANGULATION          38

FIGURE 3           APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF PENETRATION TESTING AS A SERVICE VENDORS              39

FIGURE 4           APPROACH 1: SUPPLY-SIDE ANALYSIS  40

FIGURE 5           PENETRATION TESTING AS A SERVICE MARKET ESTIMATION: RESEARCH FLOW           40

FIGURE 6           APPROACH 2 – BOTTOM-UP (DEMAND SIDE): SOLUTIONS/SERVICES 41

FIGURE 7           COMPANY EVALUATION MATRIX (KEY PLAYERS): CRITERIA WEIGHTAGE     42

FIGURE 8           COMPANY EVALUATION MATRIX (START-UPS): CRITERIA WEIGHTAGE     43

FIGURE 9           GLOBAL PENETRATION TESTING AS A SERVICE MARKET SIZE AND

Y-O-Y GROWTH RATE   46

FIGURE 10         SEGMENTS WITH HIGH GROWTH RATES DURING FORECAST PERIOD              46

FIGURE 11         NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2024              47

FIGURE 12         RISING INSTANCES OF CYBER THREATS, DIGITAL TRANSFORMATION, AND RAPID ADOPTION OF CLOUD SERVICES AND IOT DEVICES TO FUEL MARKET GROWTH   48

FIGURE 13         PENETRATION TESTING AS A SERVICE SOLUTIONS TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD 48

FIGURE 14         LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD   49

FIGURE 15         WEB APPLICATION TESTING TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD   49

FIGURE 16         BFSI SECTOR TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD       50

FIGURE 17         ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS      50

FIGURE 18         PENETRATION TESTING AS A SERVICE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       51

FIGURE 19         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              57

FIGURE 20         AVERAGE SELLING PRICES OF KEY PLAYERS, BY OFFERING              59

FIGURE 21         PENETRATION TESTING AS A SERVICE MARKET: VALUE CHAIN ANALYSIS          62

FIGURE 22         KEY PLAYERS IN PENETRATION TESTING AS A SERVICE MARKET ECOSYSTEM   64

FIGURE 23         PHASES OF PENETRATION TESTING AS A SERVICE        72

FIGURE 24         LIST OF MAJOR PATENTS FOR PENETRATION TESTING AS A SERVICE VENDORS        75

FIGURE 25         REGIONAL ANALYSIS OF PATENTS GRANTED FOR PENETRATION TESTING AS A SERVICE MARKET, 2013–2023        77

FIGURE 26         PORTER’S FIVE FORCES ANALYSIS: PENETRATION TESTING AS A SERVICE MARKET      83

FIGURE 27         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS             85

FIGURE 28         KEY BUYING CRITERIA FOR TOP THREE VERTICALS     86

FIGURE 29         LEADING GLOBAL PENETRATION TESTING AS A SERVICE START-UPS/SMES,

BY NUMBER OF INVESTORS AND FUNDING ROUNDS    91

FIGURE 30         SOLUTIONS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD       96

FIGURE 31         SMES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD       101

FIGURE 32         CLOUD TESTING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD     106

FIGURE 33         HEALTHCARE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD     114

FIGURE 34         ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       124

FIGURE 35         NORTH AMERICA: MARKET SNAPSHOT 127

FIGURE 36         ASIA PACIFIC: MARKET SNAPSHOT       158

FIGURE 37         TOP FIVE PLAYERS DOMINATING MARKET IN 2023        207

FIGURE 38         SHARE OF LEADING COMPANIES IN PENETRATION TESTING AS A SERVICE MARKET SHARE, 2023       208

FIGURE 39         PENETRATION TESTING AS A SERVICE MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023      210

FIGURE 40         PENETRATION TESTING AS A SERVICE MARKET: COMPANY FOOTPRINT      211

FIGURE 41         PENETRATION TESTING AS A SERVICE MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023             215

FIGURE 42         COMPANY VALUATION OF KEY PENETRATION TESTING AS A SERVICE VENDORS (USD BILLION) TILL 2024    218

FIGURE 43         BRAND/PRODUCT COMPARISON          218

FIGURE 44         SYNOPSYS: COMPANY SNAPSHOT         240