Global Security and Vulnerability Management Market By Type (Solutions and Services), Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises), Deployment Mode (On-premises and Cloud Based), End User Verticals (Banking Financial Services and Insurance, Government and Defence, Energy and Utilities, Healthcare, IT and Telecom, Retail and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Security and Vulnerability Management Market
Increased adoption of cloud-based technologies by small and medium scale enterprises, growing privacy and security concerns and increasing application of security and vulnerability management by a wide range of end user verticals such as banking financial services and insurance, government and defence, energy and utilities, healthcare, IT and telecom, retail and others are the major factors attributable to the growth of security and vulnerability management market. Data Bridge Market Research analyses that the security and vulnerability management market will exhibit a CAGR of 8.28% for the forecast period of 2021-2028. This means that the security and vulnerability management market would stand tall at a market value of USD 16.02 billion by 2028.
From the name itself, it is clear that security and vulnerability management is a system that provides security and privacy protection and improves malware intelligence and risk management. The security and vulnerability management system identifies, classifies and rectifies the vulnerabilities.
Increased cases of cyber threats and cyber-attacks will emerge as the major market growth driving factors. Rapid increase in the volume of data and growing demand for efficient and effective data security systems will further aggravate the growth of the market. Increasing digital transformation activities, rising adoption of connected devices and surge in the proliferation of internet and smartphones are some other factors bolstering the growth of market.
However, security breaches owing to internal vulnerabilities such as insider trading will act as a growth restraint for the system on module market. Lack of appropriate parameters to prioritize risks will further dampen the growth rate of the market. High deployment costs associated with the systems will also derail the market growth rate.
This security and vulnerability management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on security and vulnerability management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Security and Vulnerability Management Market Scope and Market Size
The security and vulnerability management market is segmented on the basis of type, organization size, deployment mode and end-user vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the global security and vulnerability management market has been divided into solutions and services. Solutions segment is sub-divided into security information and event management (SIEM), policy and compliance, forensics and incident investigation, device vulnerability assessment and application vulnerability assessment. Services segment is sub-divided into consulting, support and integration.
- On the basis of organization size, the global security and vulnerability management market has been divided into small and medium-sized enterprises (SMEs) and large enterprises.
- On the basis of deployment mode, the global security and vulnerability management market has been divided into on-premises and cloud based.
- On the basis of end user vertical, the global security and vulnerability management market has been divided into banking financial services and insurance, government and defence, energy and utilities, healthcare, IT and telecom, retail and others.
Global Security and Vulnerability Management Market Country Level Analysis
The security and vulnerability management market is analysed, and market size, volume information is provided by country, type, organization size, deployment mode and end user vertical as referenced above.
The countries covered in the security and vulnerability management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the security and vulnerability management market, and its market share will continue to expand during the forecast period owing to the increase in the number of end user verticals and rising adoption of improved and innovative technologies. Asia-Pacific will register the highest CAGR for the forecast period. Rising penetration of internet and smartphones is a major factor fostering the market growth rate.
The country section of the security and vulnerability management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Security and Vulnerability Management Market Share Analysis
The security and vulnerability management market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to security and vulnerability management market.
The major players covered in the security and vulnerability management market report are IBM, Qualys, Inc., Broadcom., Dell Inc., Hewlett Packard Enterprise Development LP, FUJITSU, McAfee, LLC, Micro Focus, Proofpoint, Inc., Tripwire, Inc., Symantec Corporation., Skybox Security, Inc., AT&T Intellectual Property., ALIENVAULT, INC., VERACODE, Tenable, Inc., Rapid7, NetSPI LLC., Trustwave Holdings, Inc. and F-secure among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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