The frequency and severity of cybersecurity attacks are increasing with each passing year. That's why many organizations are now putting greater focus on different ways to withstand online attacks. There are also regulations like HIPAA, PCI, GDPR, and DSS that mandate periodic penetration testing in order to remain current with all requirements.
The market for penetration testing is expected to reach $3.1 billion by 2027, rising at a market growth of 12% CAGR during this time. Fueled by the rising number of mega-breaches and more sophisticated attacks, IT teams are taking a more proactive approach, using penetration testing to validate and improve their security configurations. As more organizations do business on SaaS and cloud programs, penetration testing is becoming an important complement to cloud data loss prevention tools.