The Rise of Penetration Testing as a Service Market: A $301 million Industry Dominated by Tech Giant

Sheetal2305 Aug, 2024Technology

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, according to a new report by MarketsandMarkets?. The growth of the PTaaS market is primarily driven by increasing awareness of cybersecurity threats, advancements in technology such as AI and machine learning, and stringent regulatory compliance requirements. Additionally, the rise in digital transformation across industries, the growing complexity of IT infrastructures, and the need for proactive security measures to prevent data breaches significantly contribute to the market?s expansion. The scalability and flexibility of PTaaS solutions also make them appealing to organizations of all sizes.