The Europe Penetration Testing Market would witness market growth of 11.2% CAGR during the forecast period (2021-2027).
Increased usage of smartphones has increased mobile-based business applications, rising cyberattacks leading to financial and reputational losses for companies, and growing severe regulations & compliances are anticipated to propel the penetration testing market in the coming years. The rising demand for the protection of software-based properties like web and mobile applications, the escalating usage of cloud-based security solutions, the rising number of cyber-attacks, and the surging need to encounter compliance measures are some of the factors that are projected to accelerate the growth of the global penetration testing market in the upcoming period.
In Europe, small and medium enterprises are considered to be highly vulnerable to security threats. To restrict these threats and attacks, manufacturing industries are expected to adopt penetration testing solutions, so that they can regularly check the weaknesses existing in their systems. In Germany, the major reason behind increasing cyberattacks is the growing deployment of connected devices. To ensure the protection of their data, companies, and organizations are updating their IT infrastructures with robust cyber security measures, thereby fueling the growth of the regional penetration testing market.
Similarly, France is also witnessing a significant increase in cyberattacks, which is a rising threat to the country’s critical infrastructure. For example, various phishing emails are forwarded to different users to acquire their personal details. These types of crimes are motivating companies and organizations to deploy security solutions and to practice frequent testing of their systems to avoid data loss and data breaching. These factors are anticipated to propel the demand for penetrating testing solutions and thus, are displaying a significant surge in the growth of the penetration testing market.
The Germany market dominated the Europe Penetration Testing Network Infrastructure Market by Country 2020, thereby, achieving a market value of $29.4 million by 2027. The UK market is exhibiting a CAGR of 11.4% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 13% during (2021 - 2027).
Based on Offering, the market is segmented into Solution and Services. Based on Application, the market is segmented into Web Applications, Mobile Applications, Network Infrastructure, Social Engineering, Cloud, and Others. Based on Deployment Type, the market is segmented into Cloud-based and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Education and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Penetration Testing Market Size will Hit $3.1 Billion by 2027, at a CAGR of 12%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Micro Focus International Plc, FireEye, Inc., HelpSystems, LLC, HackerOne, Inc., Rhino Security Labs, Inc., Indium Software, Inc., Vumetric, Inc., Offensive security Services, LLC, and Checkmarx Ltd.
By Offering
By Application
By Deployment Type
By Enterprise Size
By End User
By Country
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