According to Premium Market Insights new research study on "Penetration Testing Software Market Size, Share, Growth, Demand, Industry Trends and Forecast to 2028-COVID-19 Impact and Global Analysis - by Type and End User," the Penetration Testing Software market is expected to grow from US$ 1,411.9 million in 2021 to US$ 4,045.2 million by 2028; it is estimated 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 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.  

Market Segmentation

By Type (Cloud-Based And On-Premises), Enterprise Size (Large Enterprises And SMEs)

By Application (Web Application, Network Infrastructure, Mobile Application, Social Engineering, And Others)

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Market Overview

North America has the largest market share in the penetration testing software market among key verticals, largely due to the impact of the COVID-19 pandemic. The region has been severely affected by the pandemic because of factors such as a high number of immigrants traveling through the region and a delayed lockdown response. Additionally, the US and Canada dominate the IT industry in North America. The pandemic has accelerated the adoption of work-from-home practices, leading to increased usage of penetration testing software in enterprise settings. Consequently, the penetration testing software industry in North America has thrived due to the presence of major providers, widespread internet access, and the US and Canada's contributions.

The size of the Penetration Testing Software market is determined using primary and secondary sources. The research process starts with comprehensive secondary research to collect qualitative and quantitative information from internal and external sources about the market. This process provides an overview and forecast of the Penetration Testing Software market for all segments, as well as for each of the five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Primary interviews were also conducted with industry experts and commentators to confirm data and gain further analytical insights. These participants included VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders who specialize in the Penetration Testing Software market.

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