According to our latest market study on "Penetration Testing Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Enterprise Size and Application," the market was valued at US$ 1,580.4 million in 2021 and is projected to reach US$ 4,045.2 million by 2028; it is expected to grow at a CAGR of 14.4% from 2021 to 2028

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Some Of the Major Players Influencing Penetration Testing Software Market are Acunetix, Bugcrowd, Defendify, HackerOne, Intruder Systems Ltd, Netsparker Ltd., Pentest-Tools.com, Rapid7, Veracode, Inc., HelpSystems

Global Penetration Testing Software Market Report encompasses an infinite knowledge and information on what the market’s definition, classifications, applications, and engagements are and also explains the drivers and restraints of the market which is obtained from SWOT analysis. By applying market intelligence for this Penetration Testing Software Market report, industry expert measure strategic options, summarize successful action plans and support companies with critical bottom-line decisions. Additionally, the data, facts and figures collected to generate this market report are obtained forms the trustworthy sources such as websites, journals, mergers, newspapers and other authentic sources. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, price, cost, revenue and gross margins

Market Segmentation

The penetration testing software market is categorized based on type, application, enterprise size, and geography. It is divided into two main types: cloud-based and on-premises, with the former leading the market and accounting for a larger share in 2021. Cloud-based penetration testing offers various advantages such as cost-effectiveness, scalability, and flexibility, allowing organizations to scale up and down their testing needs based on their requirements. Cloud-based solutions do not require organizations to purchase, set up, and maintain their hardware, saving significant upfront costs. Additionally, the cloud-based model allows organizations to access the testing software from anywhere, anytime, and on any device, making it an attractive option for remote teams. Finally, cloud-based penetration testing software providers often offer additional security features, such as data encryption and redundancy, to safeguard sensitive data. These benefits make cloud-based penetration testing software a preferred option for many organizations. The penetration testing software market is also segmented by application, including web application, network infrastructure, mobile application, social engineering, and others. In 2021, the web application segment led the market and held the largest market share. The penetration testing software market is segmented by enterprise size into large enterprises and SMEs. Geographically, the market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM), with North America holding the largest market share in 2021.

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Market Overview

Compliance is crucial for organizations due to potential far-reaching consequences of any failures. Organizations may need to comply with government regulations, industry standards, and clients' requirements to conduct business. However, a focus on pass/fail compliance has led to a lack of emphasis on security excellence. Although some view penetration tests as box-checking exercises, they can improve security posture if conducted appropriately. Moreover, compliance with regulations such as GDPR, SOX, SOC2, PCI DSS, OWASP, and NIS requires the use of penetration testing software in the market, and non-compliance with these regulations can result in significant fines for enterprises. RedScan reports that GDPR Article 32 mandates that enterprises must establish a process to test and evaluate the effectiveness of their technical and organizational measures to ensure data processing security on a regular basis. The demand for penetration testing software is increased by strict regulations such as ISO 27001's objective A.12.6.1 that requires assessing technical security vulnerabilities and PCI DSS 3.2 Requirement 11 that mandates annual or post-infrastructure modification penetration testing to evaluate vulnerabilities and take necessary actions to address associated risks.  

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