Market Size of Europe Security Testing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 25.46 Million |
| Market Size (2029) | USD 71.67 Million |
| CAGR (2024 - 2029) | 23.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Security Testing Market Analysis
The Europe Security Testing Market size is estimated at USD 25.46 million in 2024, and is expected to reach USD 71.67 million by 2029, growing at a CAGR of 23% during the forecast period (2024-2029).
- The market will grow in the coming years as a result of the massive number of cyber-attacks targeting corporations and governments of Europe.
- Drug cartels use hackers for cyber-attacks on the ports and companies' sites to traffic drugs across countries. Hackers are finding loopholes in the software that has been installed in the system to take sensitive information out of the network. European Network and Information Security Agency carry out more than 2000 cyber incidents targeting ministries, energy companies, telecom companies, security agencies, internet service providers, and financial institutions. Security systems help companies and governments secure the software used on the network. The hacks on the networks cause massive disruption in the activities of a company or compromise customer information.
- The increasing number of cyber security attacks and hacks into sensitive networks from applications is exposing the vulnerabilities and threats caused by applications that are not evident during their development and deployment. These hacks can cause severe disruptions to the business or compromise sensitive customer or internal information. This has caused governments worldwide to introduce stringent regulations to ensure companies follow guidelines and ensure the security of sensitive data.
- Security Testing will ensure that the systems and applications on a network it is secure or not. The evolution of Dynamic application security testing beyond the security testing of back-end web applications has opened up new avenues for the security testing market. They now have the capabilities to test next-generation applications. The ability of some of the testing providers to enable interaction between their static and dynamic security testing techniques provides more detailed information, which is quite useful in QA testing in order to provide more meaningful results to developers.
