The global penetration testing market size is expected to reach USD 9,577.62 million by 2034, according to a new study by Polaris Market Research. The report “Penetration Testing Market Size, Share, Trends, Industry Analysis Report: By Offering (Solution and Services), By Application, By Deployment Mode, By Vertical, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The penetration testing market centers around the provision of services and tools designed to ethically simulate cyberattacks on an organization's digital assets. This process aims to proactively identify and assess security vulnerabilities present within IT infrastructure, applications, and systems. By mimicking the tactics and techniques of malicious actors, penetration testing allows organizations to gain critical insights into their security posture and understand the potential impact of real-world cyber threats. The outcomes of these tests enable businesses to prioritize and implement necessary remediation measures, thereby strengthening their defenses and reducing the risk of successful cyberattacks.
The penetration testing industry is experiencing significant growth, driven by the escalating frequency and sophistication of cyber threats targeting businesses across all sectors. Factors such as increasing regulatory compliance mandates, the expanding attack surface due to cloud adoption and IoT proliferation, and the growing awareness of potential financial and reputational damage from security breaches are fueling market demand.
Organizations are increasingly recognizing the proactive benefits of penetration testing in identifying weaknesses before they can be exploited. This heightened focus on preventative security measures is contributing to the continuous expansion and evolution of the market, with providers constantly adapting their services and solutions to address emerging threats and technological advancements.
Penetration Testing Market Report Highlights
By offering, the services segment holds a larger penetration testing market share. This is primarily because penetration testing is fundamentally a service-oriented engagement, requiring specialized expertise to conduct complex security assessments and provide tailored recommendations.
By application, the web applications segment holds the largest market share globally. This dominance stems from the ubiquitous nature of web applications in business operations, making their security a paramount concern for organizations across all industries.
By deployment mode, the cloud-based segment holds a larger market share. This is driven by the increasing preference for cloud solutions due to their scalability, flexibility, and cost-effectiveness, aligning with the broader shift toward cloud infrastructures.
By vertical, the banking & financial services & insurance (BFSI) segment holds the largest market share worldwide. This is due to the highly regulated nature of the sector and the critical need to protect sensitive financial and personal data from cyber threats.
By region, North America holds the largest share of the market. The Asia Pacific market is anticipated to exhibit the highest growth rate during the forecast period.
A few of the major players actively operating in the market include Acunetix (Invicti Security), Rapid7, Qualys, Tenable, Core Security (HelpSystems), Synopsys, Trustwave (Singtel), Coalfire, Bishop Fox, and Offensive Security.
Polaris Market Research has segmented the penetration testing market report on the basis of offering, application, deployment mode, vertical, and region:
By Offering Outlook (Revenue – USD Million, 2020–2034)
Solution
Services
By Application Outlook (Revenue – USD Million, 2020–2034)
Web Applications
Mobile Applications
Network Infrastructure
Social Engineering
Cloud
Others
By Deployment Mode Outlook (Revenue – USD Million, 2020–2034)
Cloud-Based
On-Premises
By Vertical Outlook (Revenue – USD Million, 2020–2034)
Banking & Financial Services & Insurance
Healthcare
IT and ITeS
Telecom
Retail & Ecommerce
Manufacturing
Education
Others
By Regional Outlook (Revenue – USD Million, 2020–2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
Suth Korea
Indnesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
Suth Africa
Rest of Middle East & Africa
Latin America
Mexic
Brazil
Argentina
Rest of Latin America
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Patient Monitoring Devices Market Insights
- 4.1. Patient Monitoring Devices Market – Market Snapshot
- 4.2. Patient Monitoring Devices Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Prevalence of Chronic Diseases
- 4.2.1.2. Growing Geriatric Population
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Data interoperability challenges
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Patient Monitoring Devices Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Patient Monitoring Devices Market, by End Use
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 5.3. Hospitals
- 5.3.1. Global Patient Monitoring Devices Market, by Hospitals, by Region, 2020–2034 (USD Billion)
- 5.4. Ambulatory Surgery Centers
- 5.4.1. Global Patient Monitoring Devices Market, by Ambulatory Surgery Centers, by Region, 2020–2034 (USD Billion)
- 5.5. Home Care Settings
- 5.5.1. Global Patient Monitoring Devices Market, by Home Care Settings, by Region, 2020–2034 (USD Billion)
- 5.6. Other
- 5.6.1. Global Patient Monitoring Devices Market, by Others, by Region, 2020–2034 (USD Billion)
- 6. Global Patient Monitoring Devices Market, by Product
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 6.3. Blood Glucose Monitoring Systems
- 6.3.1. Global Patient Monitoring Devices Market, by Blood Glucose Monitoring Systems, by Region, 2020–2034 (USD Billion)
- 6.3.2. Global Patient Monitoring Devices Market, by Self-monitoring Blood Glucose Systems, 2020–2034 (USD Billion)
- 6.3.3. Global Patient Monitoring Devices Market, by Continuous Glucose Monitoring Systems, 2020–2034 (USD Billion)
- 6.4. Cardiac Monitoring Devices
- 6.4.1. Global Patient Monitoring Devices Market, by Cardiac Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.4.2. Global Patient Monitoring Devices Market, by ECG Devices, 2020–2034 (USD Billion)
- 6.4.3. Global Patient Monitoring Devices Market, by Implantable Loop Recorders, 2020–2034 (USD Billion)
- 6.4.4. Global Patient Monitoring Devices Market, by Event Monitors, 2020–2034 (USD Billion)
- 6.4.5. Global Patient Monitoring Devices Market, by Mobile Cardiac Telemetry Monitors, 2020–2034 (USD Billion)
- 6.4.6. Global Patient Monitoring Devices Market, by Smart/Wearable ECG Monitors, 2020–2034 (USD Billion)
- 6.5. Multi-parameter Monitoring Devices
- 6.5.1. Global Patient Monitoring Devices Market, by Multi-parameter Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.5.2. Global Patient Monitoring Devices Market, byLow-acuity Monitoring Devices, 2020–2034 (USD Billion)
- 6.5.3. Global Patient Monitoring Devices Market, by Mid-acuity Monitoring Devices, 2020–2034 (USD Billion)
- 6.5.4. Global Patient Monitoring Devices Market, by High-acuity Monitoring Devices, 2020–2034 (USD Billion)
- 6.6. Respiratory Monitoring Devices
- 6.6.1. Global Patient Monitoring Devices Market, by Respiratory Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.6.2. Global Patient Monitoring Devices Market, by Pulse Oximeters, 2020–2034 (USD Billion)
- 6.6.3. Global Patient Monitoring Devices Market, by Spirometers, 2020–2034 (USD Billion)
- 6.6.4. Global Patient Monitoring Devices Market, by Capnographs, 2020–2034 (USD Billion)
- 6.6.5. Global Patient Monitoring Devices Market, by Peak Flow Meters, 2020–2034 (USD Billion)
- 6.7. Temperature Monitoring Devices
- 6.7.1. Global Patient Monitoring Devices Market, by Temperature Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.7.2. Global Patient Monitoring Devices Market, by Handheld Temperature Monitoring Devices, 2020–2034 (USD Billion)
- 6.7.3. Global Patient Monitoring Devices Market, by Table-top Temperature Monitoring Devices, 2020–2034 (USD Billion)
- 6.7.4. Global Patient Monitoring Devices Market, by Wearable Continuous Monitoring Devices, 2020–2034 (USD Billion)
- 6.7.5. Global Patient Monitoring Devices Market, by Invasive Temperature Monitoring Devices, 2020–2034 (USD Billion)
- 6.7.6. Global Patient Monitoring Devices Market, by Smart Temperature Monitoring Devices, 2020–2034 (USD Billion)
- 6.8. Hemodynamic/Pressure Monitoring Devices
- 6.8.1. Global Patient Monitoring Devices Market, by Hemodynamic/Pressure Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.8.2. Global Patient Monitoring Devices Market, by Hemodynamic Monitors, by Region, 2020–2034 (USD Billion)
- 6.8.3. Global Patient Monitoring Devices Market, by Blood Pressure Monitors, by Region, 2020–2034 (USD Billion)
- 6.8.4. Global Patient Monitoring Devices Market, by Disposables, by Region, 2020–2034 (USD Billion)
- 6.9. Fetal & Neonatal Monitoring Devices
- 6.9.1. Global Patient Monitoring Devices Market, by Fetal & Neonatal Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.9.2. Global Patient Monitoring Devices Market, by Fetal Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.9.3. Global Patient Monitoring Devices Market, by Neonatal Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.10. Neuromonitoring Devices
- 6.10.1. Global Patient Monitoring Devices Market, by Neuromonitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.10.2. Global Patient Monitoring Devices Market, by Neuromonitoring Devices, Electroencephalography Machines, 2020–2034 (USD Billion)
- 6.10.3. Global Patient Monitoring Devices Market, by Neuromonitoring Devices, Electromyography Machines, 2020–2034 (USD Billion)
- 6.10.4. Global Patient Monitoring Devices Market, by Neuromonitoring Devices, Cerebral Oximeters, 2020–2034 (USD Billion)
- 6.10.5. Global Patient Monitoring Devices Market, by Neuromonitoring Devices, Intracranial Pressure Monitors, 2020–2034 (USD Billion)
- 6.10.6. Global Patient Monitoring Devices Market, by Neuromonitoring Devices, Magnetoencephalography Machines, 2020–2034 (USD Billion)
- 6.10.7. Global Patient Monitoring Devices Market, by Neuromonitoring Devices, Transcranial Doppler Machines, 2020–2034 (USD Billion)
- 6.11. Weight Monitoring Devices
- 6.11.1. Global Patient Monitoring Devices Market, by Weight Monitoring Devices, by Region, 2020–2034 (USD Billion)
- 6.11.2. Global Patient Monitoring Devices Market, by Digital, 2020–2034 (USD Billion)
- 6.11.3. Global Patient Monitoring Devices Market, by Analog, 2020–2034 (USD Billion)
- 6.12. Others
- 6.12.1. Global Patient Monitoring Devices Market, by Others, by Region, 2020–2034 (USD Billion)
- 7. Global Patient Monitoring Devices Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Patient Monitoring Devices Market Assessment, By Geography, 2020–2034 (USD Billion)
- 7.3. Patient Monitoring Devices Market – North America
- 7.3.1. North America: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.3.2. North America: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.3.3. Patient Monitoring Devices Market – U.S.
- 7.3.3.1. U.S.: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.3.3.2. U.S.: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.3.4. Patient Monitoring Devices Market – Canada
- 7.3.4.1. Canada: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.3.4.2. Canada: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4. Patient Monitoring Devices Market – Europe
- 7.4.1. Europe: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.2. Europe: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.3. Patient Monitoring Devices Market – UK
- 7.4.3.1. UK: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.3.2. UK: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.4. Patient Monitoring Devices Market – France
- 7.4.4.1. France: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.4.2. France: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.5. Patient Monitoring Devices Market – Germany
- 7.4.5.1. Germany: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.5.2. Germany: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.6. Patient Monitoring Devices Market – Italy
- 7.4.6.1. Italy: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.6.2. Italy: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.7. Patient Monitoring Devices Market – Spain
- 7.4.7.1. Spain: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.7.2. Spain: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.8. Patient Monitoring Devices Market – Netherlands
- 7.4.8.1. Netherlands: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.8.2. Netherlands: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.9. Patient Monitoring Devices Market – Russia
- 7.4.9.1. Russia: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.9.2. Russia: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.4.10. Patient Monitoring Devices Market – Rest of Europe
- 7.4.10.1. Rest of Europe: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.4.10.2. Rest of Europe: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5. Patient Monitoring Devices Market – Asia Pacific
- 7.5.1. Asia Pacific: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.2. Asia Pacific: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.3. Patient Monitoring Devices Market – China
- 7.5.3.1. China: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.3.2. China: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.4. Patient Monitoring Devices Market – India
- 7.5.4.1. India: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.4.2. India: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.5. Patient Monitoring Devices Market – Malaysia
- 7.5.5.1. Malaysia: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.5.2. Malaysia: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.6. Patient Monitoring Devices Market – Japan
- 7.5.6.1. Japan: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.6.2. Japan: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.7. Patient Monitoring Devices Market – Indonesia
- 7.5.7.1. Indonesia: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.7.2. Indonesia: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.8. Patient Monitoring Devices Market – South Korea
- 7.5.8.1. South Korea: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.8.2. South Korea: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.9. Patient Monitoring Devices Market – Australia
- 7.5.9.1. Australia: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.9.2. Australia: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.5.10. Patient Monitoring Devices Market – Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.5.10.2. Rest of Asia Pacific: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.6. Patient Monitoring Devices Market – Middle East & Africa
- 7.6.1. Middle East & Africa: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.6.2. Middle East & Africa: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.6.3. Patient Monitoring Devices Market – Saudi Arabia
- 7.6.3.1. Saudi Arabia: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.6.3.2. Saudi Arabia: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.6.4. Patient Monitoring Devices Market – UAE
- 7.6.4.1. UAE: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.6.4.2. UAE: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.6.5. Patient Monitoring Devices Market – Israel
- 7.6.5.1. Israel: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.6.5.2. Israel: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.6.6. Patient Monitoring Devices Market – South Africa
- 7.6.6.1. South Africa: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.6.6.2. South Africa: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.6.7. Patient Monitoring Devices Market – Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.6.7.2. Rest of Middle East & Africa: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.7. Patient Monitoring Devices Market – Latin America
- 7.7.1. Latin America: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.7.2. Latin America: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.7.3. Patient Monitoring Devices Market – Mexico
- 7.7.3.1. Mexico: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.7.3.2. Mexico: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.7.4. Patient Monitoring Devices Market – Brazil
- 7.7.4.1. Brazil: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.7.4.2. Brazil: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.7.5. Patient Monitoring Devices Market – Argentina
- 7.7.5.1. Argentina: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.7.5.2. Argentina: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 7.7.6. Patient Monitoring Devices Market – Rest of Latin America
- 7.7.6.1. Rest of Latin America: Patient Monitoring Devices Market, by End Use, 2020–2034 (USD Billion)
- 7.7.6.2. Rest of Latin America: Patient Monitoring Devices Market, by Product, 2020–2034 (USD Billion)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Abbott Laboratories
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Baxter International Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Drägerwerk AG & Co. KGaA
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. GE HealthCare
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Koninklijke Philips N.V.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Masimo Corporation
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Medtronic plc
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Mindray Medical International Ltd.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Nihon Kohden Corporation
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Omron Healthcare, Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
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