The Penetration Testing And Ethical Hacking Services Market is Predict to reach USD 5.62 Billion by 2032, at a CAGR of 18.0%

Penetration Testing And Ethical Hacking Services Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Penetration Testing And Ethical Hacking Services Market size is expected to reach USD 5.62 billion by 2032, rising at a market growth of 18.0% CAGR during the forecast period.

Competition in the penetration testing and ethical hacking services market is defined by both diversity and specialization. The landscape includes boutique security firms, large consulting companies, global service providers, and platform-based models, each offering varying levels of depth and scalability. Organizations serving heavily regulated industries tend to gravitate toward established players with strong certifications, while smaller or less regulated firms may choose agile providers offering faster and more cost-effective services.

The On-premise market captured the maximum revenue in the Global Penetration Testing And Ethical Hacking Services Market by Deployment Mode in 2024, thereby, achieving a market value of USD 3.25 billion by 2032. The on-premise deployment mode of penetration testing and ethical hacking services has been a preferred choice for many organizations, especially those operating in highly regulated industries or handling sensitive data. This model allows businesses to have complete control over their security testing infrastructure and ensures that all testing activities are managed within their own IT environment.

The Consulting & One-off Engagements segment is experiencing a CAGR of 17.4 % during the forecast period. Consulting and one-off engagement services form a vital segment of the penetration testing and ethical hacking market, often sought by organizations that require specialized expertise for a limited period or for specific projects. This model is particularly useful for businesses undertaking compliance audits, security certifications, or major system upgrades that demand a thorough review of potential vulnerabilities.

The Web / End-Use Industry Penetration Testing segment led the maximum revenue in the Global Penetration Testing And Ethical Hacking Services Market by Type of Penetration Testing in 2024, thereby, achieving a market value of USD 1.86 billion by 2032. Web and end-use industry penetration testing has become one of the most critical components of cybersecurity, as businesses increasingly depend on web-based platforms and applications to conduct daily operations. This type of testing focuses on identifying vulnerabilities in websites, applications, and industry-specific digital platforms that handle customer data, financial transactions, and operational workflows.

The Banking, Financial Services and Insurance (BFSI) is growing at a CAGR of 17 % during the forecast period. The banking, financial services, and insurance sector has emerged as one of the most critical end-use industries for penetration testing and ethical hacking services. Financial institutions are frequent targets of cyber attacks due to the sensitive nature of their data, including customer records, payment details, and transaction histories. As digital banking platforms, mobile payment systems, and online trading solutions expand, so too do the attack surfaces that cybercriminals exploit.

Full Report: https://www.kbvresearch.com/penetration-testing-and-ethical-hacking-services-market/

The North America region dominated the Global Penetration Testing And Ethical Hacking Services Market by Region in 2024, thereby, achieving a market value of USD 2.21 billion by 2032. The Europe region is anticipated to grow a CAGR of 17.5% during (2025 - 2032). Additionally, The Asia Pacific region would witness a CAGR of 19% during (2025-2032).

List of Key Companies Profiled

• IBM Corporation
• Rapid7, Inc.
• CrowdStrike Holdings, Inc.
• Synopsys, Inc.
• SecureWorks Corp.
• Qualys, Inc.
• Trustwave Holdings, Inc. (The Chertoff Group)
• Palo Alto Networks, Inc.
• Veracode, Inc. (Thoma Bravo)
• Tenable Holdings, Inc.
• NCC Group plc

Penetration Testing And Ethical Hacking Services Market Report Segmentation

By Deployment Mode

• On-premise
• Cloud-based / SaaS

By Service Model

• Consulting & One-off Engagements
• Pen-Testing-as-a-Service (PTaaS)
• Managed / Continuous Pen-Test (MSSP)

By Type of Penetration Testing

• Web / End-Use Industry Penetration Testing
• Network Penetration Testing
• Cloud Configuration Penetration Testing
• Wireless and IoT Penetration Testing
• Social Engineering Testing

By End-Use Industry

• Banking, Financial Services and Insurance (BFSI)
• IT & Telecom
• Government & Defense
• Healthcare & Life Sciences
• Retail and eCommerce
• Energy and Utilities

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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