The worldwide penetration testing market is expected to reach $3.1 billion by 2027 at a compound growth rate (CAGR) of 12 percent, driven by compliance requirements and the emergence of pen testing as a service, according to a new report by researcher ResearchandMarkets.
Ethical hacking probes a network’s cyber strength by looking for vulnerabilities to exploit. The rising number of cybersecurity attacks combined with major losses and loss of reputation are expected to prod the market ahead, the analyst said.
Factors for pen testing market growth:
Factors that will restrain the market:
In a recent study, pen testing-as-a-service provider Cobalt in a newly released report found that security teams are grappling with the same five vulnerabilities for the fifth straight year, all overshadowed by an unrelenting shortage of qualified personnel.
Here are the top five vulnerabilities:
The majority of vulnerabilities stem from not staying on top of configurations, software updates or access management controls, Cobalt said.
