Penetration Testing Market

Top Companies in Penetration Testing Industry - Rapid7(US), Secureworks(US) and Synopsys(US)

The penetration testing market size is projected to grow from USD 1.7 billion in 2024 and reach USD 3.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. The ever-evolving nature of cyber threats drives the expansion of the penetration testing market, especially in digital risk attacks. As cyberattacks become more frequent and sophisticated, organizations prioritize security measures to safeguard their systems. Penetration testing is gaining prominence, which helps identify vulnerabilities before they are exploited. This involves using software tools or manual testing by security experts to assess various aspects such as web applications, mobile apps, network infrastructure, social engineering tactics, and cloud systems. While large enterprises lead in adoption due to their complex IT setups and compliance needs, small and medium-sized businesses increasingly recognize its importance. Challenges like cost, shortage of skilled professionals, and the dynamic nature of cyber threats persist, but the future trends point towards integration with AI and ML for automation and enhanced threat detection, a heightened focus on cloud security, and a surge in compliance-driven testing due to stricter data privacy regulations.

The major players in the penetration testing market are Rapid7(US), Secureworks(US), Synopsys(US), Crowdstrike(US), IBM(US), Coalfire Labs(US), Indium Software(US), Cigniti Technologies(US), Trustwave(US), Cisco Systems(US), Fortinet(US), Bugcrowd(US), Invicti(US), Hackerone(US),Raxis(US), Rsi Security(US), Rhino Security Labs(US), Sciencesoft(US), Portswigger(US), Netraguard(US), Software Secured(Canada), Vumentric Cybersecurity(Canada), Netitude(UK), Zimperium(US), Nowsecure(US), Security Metrics(US), NetSpi(US), Covertswarm(UK), Holm Security(Sweden), Intruder Systems(UK), Breachlock(US), Isecurion(India), Redbot Security(US). The market participants have employed diverse tactics, including creating cutting-edge products, collaborations, agreements, growth, and procurements, to fortify their standing in the penetration testing industry. By offering application performance and security, the organic and inorganic methods have assisted the market players in their global expansion.

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Rapid7 occupies a notable position in the penetration testing market, providing a comprehensive range of services and tools to address cybersecurity needs. Their security specialists conduct manual penetration testing covering domains such as network infrastructure, applications, wireless networks, and social engineering tactics, delivering thorough assessments and remediation strategies. Alongside these services, Rapid7 offers the widely-used Metasploit Framework, an open-source platform for vulnerability assessment and exploit development, complemented by the advanced features of Metasploit Pro. Their strong brand recognition and industry expertise attract clients seeking robust security solutions. Rapid7 faces challenges from other market players, and the cost of services differs, posing challenges for smaller businesses. Rapid7 is bridging the gap between manual testing and automated solutions for organizations aiming to bolster their cybersecurity defenses.


Secureworks delivers specialized services such as ransomware attack simulation, social engineering assessment, specialized security testing, insider threat assessment, and post-penetration testing remediation tailored for sophisticated enterprise security needs. Their approach goes beyond mere vulnerability identification, aiming to replicate real-world attacker tactics such as simulating the entire attack kill chain, ransomware attacks, IoT/OT security testing, physical security assessments, and insider threat simulations. Leveraging insights from their Counter Threat Unit (CTU) research team, Secureworks integrates real-world threat intelligence into their testing methodologies, ensuring a more targeted approach reflective of the evolving threat landscape. Their strengths lie in their unique testing approach, integration of threat intelligence, and experienced team of penetration testers. Secureworks caters to a niche segment within the penetration testing market, providing specialized solutions such as physical security testing, IoT security testing, Installation of malware, simulating the attack kill-chain, privilege escalation, and advanced penetration testing for organizations seeking a deeper insight into their security risks and potential threats.


Synopsys holds a prominent position in the penetration testing market, mainly after it acquired Cigital, a renowned player in application security testing. Through this acquisition, Synopsys significantly strengthened its foothold in the market, particularly in web application, mobile application, API, and cloud penetration testing services. They also offer broader security assessment and training services. Synopsys stands out for its proactive approach to application security, focusing on embedding security throughout the software development lifecycle (SDLC) and advocating for DevSecOps practices. The emphasis on preventive measures aligns with industry trends and addresses the growing need for security integration in development. Their strengths lie in the combined expertise gained from the Cigital acquisition, offering comprehensive solutions, and aligning with the DevSecOps paradigm. Their primary focus on application security might limit their penetration testing offerings compared to companies with broader testing portfolios. Through its Cigital acquisition, Synopsys has emerged as a leading provider of penetration testing services, emphasizing a proactive stance towards application security.

Related Reports:

Penetration Testing Market by Offering (Solution, Services), Type (Web Applications, Mobile Applications, Network Infrastructure, Social Engineering, Cloud), Organization Size, Deployment Mode, Vertical and Region - Global Forecast to 2029

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Penetration Testing Market Size,  Share & Growth Report
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