Market Share of Penetration Testing Industry
The penetration testing market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent market share are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic innovations and collaborative initiatives to increase their market shares and increase their profitability. Security giants like Symantec and FireEye have offered pen testing for years, and other bug bounties players like Bugcrowd and Synack also conduct crowdsourced pen tests.
In May 2022, Cisco Inc. released a cybersecurity assessment tool to help small and medium-sized companies (SMBs) in the Asia Pacific area better understand their security posture.
Penetration Testing Market Leaders
IBM Corporation
Rapid7, Inc.
FireEye Inc.
VERACODE Inc.
Broadcom Inc. (Symantec Corporation)
*Disclaimer: Major Players sorted in no particular order
