Europe Penetration Testing Software Market Share by Size and Growth 2028

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 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.

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
HackerOne
HelpSystems
Intruder Systems Ltd
Netsparker
Pentest-Tools
Rapid7
Veracode, Inc.

Europe Penetration Testing Software Market Strategic Insights

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Europe Penetration Testing Software Market Segmentation Analysis

Europe Penetration Testing Software Market Report Highlights

Europe Penetration Testing Software Report Scope

Report Attribute	Details
Market size in 2021	US$ 440.17 Million
Market Size by 2028	US$ 1,170.67 Million
CAGR (2021 - 2028)	15.0%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Cloud-Based On-Premises By Enterprise Size Large Enterprises SMEs By Application Web Application Network Infrastructure Mobile Application Social Engineering
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Acunetix HackerOne HelpSystems Intruder Systems Ltd Netsparker Pentest-Tools Rapid7 Veracode, Inc.