The Europe Threat Modeling Tools Market would witness market growth of 13.8% CAGR during the forecast period (2022-2028).
Threat modeling offers a method for thoroughly understanding how new tools and applications may be vulnerable, how these risks may be mitigated, and what potential effects they may have if left unaddressed. Threat modeling can also assist security professionals in evaluating the security of newly developed or purchased software. Consequently, businesses may prioritize solutions according to the projected effect and severity of threats and make judgments regarding the protection of new additions to their organization.
Defense-in-depth, a security philosophy, lowers the likelihood that a cyber attacker would exploit a single point of failure in a system by encouraging businesses to utilize a tiered perspective of defensive technologies to safeguard their assets. Organizations integrate administrative, technological, and physical controls into their design processes and ongoing security procedures.
Europe places a strong emphasis on supporting cybersecurity and investing in infrastructure. The need for robust Banking, Financial Services, Insurance (BFSI), and Military security will increase, resulting in an expansion of the threat modeling tools market and a wider range of solutions. In Europe, there is a rising need for Internet of Things (IoT) devices. Customers and healthcare experts say IoT solutions have been more valuable in the healthcare industry over the last five years. A wide range of users utilizes IoT solutions. Insurance companies and governments across Europe offer them to enhance health and simplify the procedures that patients must go through. This would result in growth of regional threat modeling tools market.
The Germany market dominated the Europe Threat Modeling Tools Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $118.1 million by 2028. The UK market is anticipated to grow at a CAGR of 12.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 14.7% during (2022 - 2028).
Based on Vertical, the market is segmented into IT & ITeS, BFSI, Healthcare, Utilities, and Others. Based on Platform, the market is segmented into Web-based, Desktop-based, and Cloud-based. Based on Component, the market is segmented into Solution, and Services. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Threat Modeling Tools Market will Hit $1.8 Billion by 2028, at a CAGR of 14.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Synopsys, Inc., Intel Corporation, Microsoft Corporation, Sparx Systems Pty. Ltd., Securonix, Inc., Varonis Systems, Inc., Coalfire Systems, Inc. (Apax Partners LLP), and Mandiant (Google LLC)
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