Europe Penetration Testing Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cloud-Based and On-Premises), Enterprise Size (Large Enterprises and SMEs), and Application (Web Application, Network Infrastructure, Mobile Appli

Europe Penetration Testing Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cloud-Based and On-Premises), Enterprise Size (Large Enterprises and SMEs), and Application (Web Application, Network Infrastructure, Mobile Application, Social Engineering, and Others)    

The penetration testing software market in Europe is expected to grow from US$ 440.17 million in 2021 to US$ 1,170.67 million by 2028; it is estimated to grow at a CAGR of 15.0% from 2021 to 2028.

Organizations must address one of their most critical issues that is compliance, as any failures can have long lasting consequences. Government-required regulations and industry standards' bodies need compliance for organizations to meet or maintain certification, and client organizations may also need verifiable conformity to conduct business. However, this has resulted in a Pass/Fail approach to many security aspects, as companies prioritize excellence over expediency. As a result, penetration testing is sometimes misunderstood as check-the-box activities to meet expectations. Moreover, penetration testing can help improve security posture when done correctly.

Penetration testing software is required by regulations, such as General Data Protection Regulation (GDPR), the Sarbanes-Oxley Act (SOX), SOC2, Payment Card Industry Data Security Standard (PCI DSS), OWASP, and Network and Information Security (NIS). Also, failure with such regulations results in substantial fines imposed on enterprises. According to Red Scan, enterprises must develop a process for constantly testing and reviewing the efficiency of technological and organizational measures to maintain data processing security under GDPR Article 32. The requirements of ISO 27001's objective A.12.6.1 include obtaining information on technical security vulnerabilities, evaluating exposure to these vulnerabilities, and taking appropriate steps to address the associated risks. Penetration testing is also required annually or after any prominent modifications to infrastructure, as per the PCI DSS 3.2 Requirement 11. Thus, strict rules requiring regular penetration testing boost the demand for penetration testing software across businesses.

During the projection period, COVID-19 had a substantial impact on the penetration testing software Market in Europe. COVID-19 cases have been reported in many European countries, including Italy, Spain, France, and Germany, with Italy being the most affected. After China, the WHO has designated Europe to be the new hub of the epidemic, citing 50,000+ deaths. Many businesses are using goodwill services as a strategy to retain and acquire customers during this crisis. They are primarily providing protection solutions and services against phishing attacks that primarily target Italian email addresses and contain malicious Microsoft Office documents with Trickbot, as well as banking Trojans that steal victims' confidential information. As a result, the market for penetrating testing software is expected to remain unaffected by COVID.

With the new features and technologies, vendors can attract new customers and grow their footprints in emerging markets. This factor is likely to drive the Europe penetration testing software market.

Europe Penetration Testing Software Market Revenue and Forecast to 2028 (US$ Million)

Europe Penetration Testing Software Market Segmentation

Europe Penetration Testing Software Market - By Type

Cloud-Based On-Premises Europe Penetration Testing Software Market - By Enterprise Size

Large Enterprises SMEs Europe Penetration Testing Software Market - By Application

Web Application Network Infrastructure Mobile Application Social Engineering Others Europe Penetration Testing Software Market, by Country

France Germany Italy The UK Russia The Rest of Europe Europe Penetration Testing Software Market - Companies Mentioned

Acunetix Hacker One Help Systems Intruder Systems Ltd Netsparker Pentest-Tools Rapid7 Veracode, Inc.

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