Penetration Testing Software Market Size Incredible Possibilities and Growth Analysis 2028.Posted by niket gore on September 21st, 2022 Compliance is one of the most critical issues that an organization must address, as any failures can have far-reaching consequences. Not only do government-required regulations and industry standards' bodies often require compliance for organizations to meet or maintain certification, but client organizations may also require verifiable conformity to conduct business. Unfortunately, this has resulted in a Pass/Fail approach to many security aspects, as excellence has fallen victim to expediency. As a result, penetration tests are sometimes misunderstood as check-the-box activities to meet expectations. On the other hand, penetration tests can help to improve security posture when done correctly. Hence, the aforementioned factors propel the penetration testing software market growth. Furthermore, penetration software testing 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), and failure with such regulations results in substantial fines imposed on enterprises. According to RedScan, enterprises are required to develop a procedure for regularly testing and reviewing the efficiency of technological and organizational measures to maintain data processing security under GDPR Article 32. Obtaining information on technical security vulnerabilities, evaluating exposure to these vulnerabilities, and taking appropriate steps to address the associated risks in a timely way are all requirements of ISO 27001's objective A.12.6.1. Penetration testing is also required annually or after any significant modifications to infrastructure, according to PCI DSS 3.2 Requirement 11. As a result, strict rules requiring regular penetration testing boost the demand for penetration testing software across businesses, propelling the growth of the penetration testing software market.
Based on enterprise size, the market is bifurcated into large enterprises and SMEs. Geographically, the penetration testing software market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the significant share in the global market. Impact of COVID-19 Pandemic on Penetration Testing Software Market The COVID-19 pandemic posed significant issues for organizations across the world, whereas the penetration testing software market has grown steadily during the crisis. Most crucially, throughout the pandemic, healthcare workers have increasingly used chats, emails, phones, and video conversations to treat patients remotely to prevent the spread of the novel coronavirus. As a result, the use of penetration testing tools for safe online transactions and conversational data increased. The adoption of penetration testing software by various firms to give optimal security during a chaotic environment is also a crucial element driving the market growth. A few key players operating in the global penetration testing software market are Acunetix, Bug crowd, Defendify, Hacker One, Intruder Systems Ltd, Nets parker Ltd., Pentest-Tools.com, Rapid7, Vera code, Inc., and Help Systems. Several other market players have been analysed to understand the market.
Penetration Testing Software Market - by Geography, 2021 and 2028 (%)
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