Europe Penetration Testing Software Market
No. of Pages: 114 | Report Code: TIPRE00028624 | Category: Technology, Media and Telecommunications
No. of Pages: 114 | Report Code: TIPRE00028624 | Category: Technology, Media and Telecommunications
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 RedScan, 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.
Strategic insights for the Europe Penetration Testing Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 440.17 Million |
| Market Size by 2028 | US$ 1,170.67 Million |
| Global CAGR (2021 - 2028) | 15.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Penetration Testing Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Penetration Testing Software Market Segmentation
The Europe Penetration Testing Software Market is valued at US$ 440.17 Million in 2021, it is projected to reach US$ 1,170.67 Million by 2028.
As per our report Europe Penetration Testing Software Market, the market size is valued at US$ 440.17 Million in 2021, projecting it to reach US$ 1,170.67 Million by 2028. This translates to a CAGR of approximately 15.0% during the forecast period.
The Europe Penetration Testing Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Penetration Testing Software Market report:
The Europe Penetration Testing Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Penetration Testing Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Penetration Testing Software Market value chain can benefit from the information contained in a comprehensive market report.
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