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Penetration Testing Market size is set to grow by USD 1.92 billion from 2024-2028, Increasing cyberattacks and data breaches boost the market, Technavio

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NEW YORK, May 30, 2024 /PRNewswire/ — The global penetration testing market size is estimated to grow by USD1.92 billionn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.98% during the forecast period. 

For more insights on the forecast market size and historic data (2018 – 2022) – Download a Sample Report

Segment Overview

Component1.1 Solution1.2 ServicesEnd-user2.1 Large enterprises2.2 Small2.3 medium enterprisesGeography3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Solution- The penetration testing market is thriving due to heightened cybersecurity concerns and data breaches. Solution segment, which includes software tools, platforms, and managed services, is driving market growth. Software tools, offering features like vulnerability scanning and reporting, are essential for efficient penetration testing.

Penetration testing platforms provide a centralized solution for managing and analyzing tests across systems and networks. Managed services, offered by expert third-party providers, enable organizations to leverage external resources and enhance security measures. These advanced solutions empower businesses to proactively identify and mitigate vulnerabilities, safeguarding digital assets.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Penetration Testing Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.98%

Market growth 2024-2028

USD 1928.85 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.77

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key countries

US, China, Japan, UK, and Germany

Key companies profiled

Acunetix, Aujas, Checkmarx Ltd., Coalfire Systems Inc., Cycops Information Security Services, Fortra LLC, HackerOne Inc., ImmuniWeb SA, Indium Software India Ltd., International Business Machines Corp., NetSPI LLC., Network Intelligence, PALADIN SECURITY, Rapid7 Inc., Raxis LLC, SecureLayer7.net, SecureTeam Ltd., SecurEyes, Vumetric Inc., and ScienceSoft USA Corp.

Market Driver

The global penetration testing market has experienced substantial growth due to the widespread adoption of cloud computing services. Businesses value cloud platforms for their scalability and cost-efficiency, but these benefits come with added complexities and potential security risks. Penetration testing is crucial for securing cloud environments against cyber threats.

The cost savings from cloud services have led to increased concerns about shared resources in multi-tenant environments. With the frequency and magnitude of cyber-attacks on the rise, regular penetration testing ensures comprehensive security coverage for entire cloud infrastructures.

The Penetration Testing market is experiencing significant growth due to the increasing need for businesses to secure their digital assets. Companies are investing in this security measure to identify vulnerabilities and protect against cyber attacks. The use of advanced techniques like Social Engineering, Phishing, and Vulnerability Assessments are becoming trendy in Penetration Testing.

Cloud-based penetration testing solutions are also gaining popularity as they offer flexibility and cost-effectiveness. The Cybersecurity landscape is constantly evolving, and Penetration Testing is an essential tool for businesses to stay ahead of potential threats. The market for this service is expected to continue growing as more organizations recognize the importance of proactive security measures.

Market Challenges

Penetration testing, an essential cybersecurity practice, faces rising costs due to complex technology systems, diverse testing targets, and logistical complexities. The need for specialized skills, additional tools, and compliance with regulations increases expenses. Conducting tests across multiple locations and cloud-based environments further adds to the cost. These factors may hinder the growth of the global penetration testing market.The Penetration Testing market faces several challenges in ensuring secure digital environments for businesses. Companies and organizations seek to protect their networks from cyber attacks, yet the complexity of modern systems poses significant hurdles. These include the need for continuous testing due to frequent software updates and the integration of new technologies.Additionally, the increasing use of cloud-based services and the growing sophistication of cybercriminals add to the challenge. To meet these demands, penetration testing solutions must be adaptable, efficient, and effective in identifying vulnerabilities and providing actionable insights.The use of advanced techniques like machine learning and artificial intelligence can help in this regard, but they also require careful implementation and ongoing maintenance. Overall, the Penetration Testing market must continue to innovate and evolve to address the ever-changing threat landscape and help businesses stay secure.

Research report provides comprehensive data on impact of trend, driver and challenges – Request a sample report!

Research Analysis

The Penetration Testing Market has experienced significant growth in recent years due to the increasing number of cyberattacks, driven by the pandemic and the widespread use of smartphones and internet penetration. With the digitization of various sectors, including healthcare and the Internet of Things, the need for robust security measures has become paramount.

SMEs and large enterprises alike have recognized the importance of Compliance measures and have invested in DevSecOps and CoreSecurity solutions. The Dark Web continues to pose a threat, with cybercriminals exploiting vulnerabilities in cloud-based software and wireless networks. Security analysts play a crucial role in identifying and mitigating these risks, making Penetration Testing an essential service in today’s interconnected world.

Market Research Overview

The Penetration Testing market encompasses a range of security solutions designed to assess and improve an organization’s defensive capabilities. These solutions, also known as ethical hacking or white-hat testing, utilize techniques to simulate real-world attacks and identify vulnerabilities in systems, applications, and networks. The market is driven by the increasing frequency and sophistication of cyber threats, as well as regulatory requirements and the need for proactive risk management.

Key components include penetration testing tools, services, and training. Security measures such as Secure Sockets Layer/Transport Layer Security (SSL/TLS) encryption, firewalls, and intrusion detection systems are integral to penetration testing, as they provide a foundation for identifying and mitigating vulnerabilities.

Additionally, the market is influenced by trends such as the adoption of cloud computing, the Internet of Things (IoT), and the growing importance of artificial intelligence (AI) and machine learning (ML) in security. The penetration testing industry is expected to continue growing due to the evolving threat landscape and the ongoing need for organizations to protect their digital assets.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSolutionServicesEnd-userLarge EnterprisesSmallMedium EnterprisesGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Technology

Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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on

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Air Products to Expand Industrial Gas Supply for Samsung Electronics’ Next-Generation Semiconductor Fab in South Korea

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New investment underscores the company’s long-term commitment to Korea and its leading role in the global semiconductor industry 

LEHIGH VALLEY, Pa., April 29, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company and serving Samsung globally, today announced it has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, Gyeonggi Province, South Korea.

Under the agreement, Air Products will build, own and operate multiple state-of-the-art production facilities and a bulk specialty gas supply system to supply nitrogen, oxygen, argon, and hydrogen for Samsung’s new semiconductor fab. The new facilities are expected to come onstream in multiple phases from 2028 through 2030.

Air Products has a long track record of executing multiple phase expansions in Pyeongtaek to support Samsung’s growing manufacturing needs. This latest project represents Air Products’ largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company’s single largest operations site globally supporting the electronics industry. 

“Air Products is honored to be selected once again by Samsung and to have their continued confidence as a trusted partner supporting their strategic growth plans,” said SR Kim, President, Air Products Korea. “This significant investment reinforces Air Products’ role as a leading global supplier to the semiconductor industry and underscores our long-standing commitment to supporting our strategic customers with safety, reliability, efficiency and excellent service.”

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies. The company has operated in Korea for more than 50 years and has established a strong position in electronics and manufacturing sectors.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedInXFacebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

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SOURCE Air Products

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