Chicago, April 16, 2024 (GLOBE NEWSWIRE) -- The global Penetration Testing Market is estimated to be worth USD 1.7 billion in 2024 and is projected to reach USD 3.9 billion by 2029 at a CAGR of 17.1% during the forecast period, according to a new report by MarketsandMarkets™. The penetration testing market is growing due to rising cyber threats globally, regulatory mandates for security assessments, and the expanding technology landscape. High-profile breaches underscore the need for proactive security measures, while the complexity of IT infrastructure drives demand for comprehensive solutions like penetration testing to mitigate risks effectively. Browse in-depth TOC on "Penetration Testing Market" 374 - Tables 48 - Figures 329 - Pages Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13422019 Penetration Testing Market Dynamics: Drivers: Increasing need to protect digital infrastructure from cybercrimes Regulations and compliances mandating stricter security measures Widespread adoption of cloud computing Growing complexities of IT systems Restraints: High costs of penetration testing Prevalence of insider threats Difficulties in integrating with existing security workflows Opportunities: Rising adoption of cost-effective PTaaS Integration of AI, ML, and other technologies in penetration testing Alignment of penetration testing with DevSecOps practices List of Key Players in Penetration Testing Market: Rapid7 (US) Secureworks (US) Synopsys (US) Crowdstrike (US) IBM (US) Coalfire Labs (US) Indium Software (US) Cigniti Technologies (US) Trustwave (US) Cisco Systems (US) Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=13422019 Penetration testing plays a vital role in business security as the surge in cybercrimes underscores the need for a comprehensive approach. With cyber threats proliferating and evolving tactics challenging traditional security measures, penetration testing offers a proactive defense strategy. Simulating cyberattacks uncover vulnerabilities in systems, networks, and applications, enabling organizations to address security gaps effectively. Integrating AI, ML, and ...