The latest market report published by Credence Research, Inc. “Penetration Testing As A Service (PTaaS) Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Penetration Testing As A Service (PTaaS) Market generated around USD 398.5 million in 2021 and is anticipated to grow a CAGR of over 15.4% during the forecast period from 2022 to 2028 to reach around USD 941.16 million in 2028.
The market for penetration testing as a service (PTaaS) is expected to grow due to the increased demand for compliance measures and the frequency of cyberattacks. The increased demand for software-based assets’ security, particularly mobile and online apps, is predicted to grow the global market. As cloud-based security solutions are utilized more frequently, it is also projected that demand for penetration testing as a service (PTaaS) will increase. Hence, it is anticipated that this will promote market expansion. As digitization extends throughout emerging countries, it is also projected that the trend of linked devices based on the Internet of Things will increase. As a result, there is a higher demand for penetration testing as a service (PTaaS).
Due to the expanding worldwide internet economy and the rising demand for security, the global market will rise throughout the projection period. Additionally, the necessity for penetration testing as a service is increasing due to the rise in wireless networks and linked devices across several industrial sectors (PTaaS). However, penetration testing as a service (PTaaS) market expansion is anticipated to be constrained by a lack of competent workforces and a lack of awareness in several emerging and underdeveloped nations.
The penetration testing as a service (PTaaS) market is segmented into service type, organization type, type, deployment, end users, and geography. Based on the service type, the penetration testing as a service (PTaaS) market is segmented into professional and managed services. Based on organization type, the penetration testing as a service (PTaaS) market is segmented into large enterprises and SMEs. Based on type, the penetration testing as a service (PTaaS) market is segmented into web applications, mobile applications, network infrastructure, cloud, and social engineering. Based on the deployment, the Penetration Testing As A Service (PTaaS) market is segmented into on-cloud and on-premise. Based on the end user, the Penetration Testing As A Service (PTaaS) market is segmented into BFSI, healthcare, IT and ITES, telecommunications, retail and e-commerce, manufacturing, education, and others. Based on geography, the penetration testing as a service (PTaaS) market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Browse Global Penetration Testing As A Service (PTaaS) Market report- https://www.credenceresearch.com/report/penetration-testing-as-a-service-ptaas-market
In 2021, North America dominated the global Penetration Testing As A Service (PTaaS) market. Businesses in North America use the best business practices in all aspects of their daily operations, and they are also leaders in developing security, penetration testing, and vulnerability management solutions, causing the region to adopt options for penetration testing as a service (PTaaS). The evolution of cyberattacks, the necessity for regulatory compliance, and growing security concerns are other key factors impacting the demand increase. The two nations with the greatest economies in the region—the US and Canada—contribute significantly to the North American penetration testing as a service (PTaaS) market.
Why To Buy This Report-
- The report provides a qualitative and quantitative analysis of the Penetration Testing As A Service (PTaaS) market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at regional and country level.
- In-depth analysis of the Penetration Testing As A Service (PTaaS) market segmentation based on the service type, organization type, type, deployment, and end users.
- The Penetration Testing As A Service (PTaaS) market report also includes analyzing the regional and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
The Penetration Testing As A Service (PTaaS) Market is Segmented into:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2016-2028 |
| Base Year | 2021 |
| Forecast Period | 2022 – 2028 |
| Historical Year | 2016 – 2021 |
| Unit | USD Million |
| Segmentation | By Service Type (2016–2028; US$ Mn) By Type (2016–2028; US$ Mn) By Organization Type (2016–2028; US$ Mn) By Type (2016–2028; US$ Mn) By Deployment (2016–2028; US$ Mn) By End Users (2016–2028; US$ Mn) By Geography Segment (2016–2028; US$ Mn) |
