Chicago, July 26, 2024 (GLOBE NEWSWIRE) -- The global Penetration Testing as a Service Market size is projected to grow from USD 118 million in 2024 to USD 301 million by 2029 at a CAGR of 20.5% during the forecast period, according to a new report by MarketsandMarkets™.  Browse in-depth TOC on " Penetration Testing as a Service Market" 362 - Tables 44 - Figures 303 - Pages Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36245315 Penetration Testing as a Service Market Dynamics: Drivers: Increasing need to protect digital infrastructure from cybercrimes Regulations and compliances mandating stricter security measures Widespread adoption of cloud computing Growing complexities of IT systems Restraints: High costs of penetration testing Prevalence of insider threats Difficulties in integrating with existing security workflows Opportunities: Rising adoption of cost-effective PTaaS Integration of AI, ML, and other technologies in penetration testing Alignment of penetration testing with DevSecOps practices List of Key Players in Penetration Testing as a Service Market: Synack (US) HackerOne (US) Synopsys (US) Intervision (US) Edgescan (Ireland) Bugcrowd (US) Guidepoint Security (US) Trustwave (US) Cobalt (US) NetSPI (US) Veracode (US) Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=36245315 The growth of the PTaaS market is primarily driven by increasing awareness of cybersecurity threats, advancements in technology such as AI and machine learning, and stringent regulatory compliance requirements. Additionally, the rise in digital transformation across industries, the growing complexity of IT infrastructures, and the need for proactive security measures to prevent data breaches significantly contribute to the market's expansion. The scalability and flexibility of PTaaS solutions also make them appealing to organizations of all ...