A recent report published by
Infinium Global Research on the security and vulnerability management market
provides in-depth analysis of segments and sub-segments in the global as well
as regional security and vulnerability management market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional security and vulnerability management market over the short
term as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global security and vulnerability management
market. According to the report, the global security and vulnerability
management market is projected to reach 19.76 billion in 2027 from USD 13.04 billion in 2020, growing at a CAGR of 6.38% over the forecast period of
2021-2027.
Enterprise security has been a
point of attention for many enterprises around the world. Of this Enterprise
security, security, and vulnerability management makes up an integral part.
Digitalization of business processes has been growing at a rapid pace and has
now become a constant. Any system of an enterprise that goes online is exposed
to security threats and vulnerabilities. Hence, the management of these
two-aspect becomes of paramount importance. There are various types of security
vulnerabilities such as Porous defense vulnerabilities, Risky resource
management vulnerabilities, Insecure interaction between components, Security
Misconfiguration, Insecure Deserialization, and others. Thus, eradicating these
vulnerabilities is the prime focus of security and vulnerability management.
The world is growing through
radical changes. As compared to a decade ago the connectivity between people,
businesses, governments, and the world as a whole has increased tremendously.
The digitalization of businesses has made their business operations flawless
and efficient. Virtual meetings and augmented reality are further changing the
corporate sector. With the growth in connectivity and rapid penetration of digital
technologies, the dangers of the digital world have also emerged. The internet
world is also misused by miscreants to fulfill their nefarious purposes. There
has been a significant rise in cyber attacks around the world. Each year the
businesses around the world incur losses in billions of dollars due to
cyber-attacks and data breaches. The hackers target the vulnerabilities and
security lapses of the system during any cyber attack. Thus, businesses around
the world are adopting security and vulnerability management solutions to
immune themselves from such threats. The common tools for cyberattacks are
malware, phishing ware, Trojan horse, ransomware, and others. Hence this factor
is majorly driving the market. Small Enterprises such as startups are encouraging
their employees to bring their own devices for working. This helps in saving up
costs on company-owned devices and also favors employee satisfaction. Like
enterprise devices and systems, the devices of employees are not configured
accordingly to weed out system vulnerabilities and security gaps. Thus, such
enterprises are focusing on connecting employee devices to on-premises and
on-cloud security and vulnerability management solutions. Therefore, this
brings your own device trend is further aiding the growth of the market. The
only restraining factor in the market is the high cost of operating security
and management solutions and services. As the scale of implanting these
solutions and services grows so do its costs. Leaving this factor aside, new
opportunities in the market are expected to occur as the awareness regarding
security and vulnerability management grows among the industry verticals.
North America is expected to
assert its dominance in the market as compared to other regions. The factors
for this dominance are the presence of multiple players offering security and
vulnerability management solutions and services, growing knowledge of
vulnerabilities of systems commonly targeted in a cyber attack. The last one is
growing adoption among BFSI and technology companies in the region.
Asia-Pacific is expected to be the fastest-growing region in the market.
Asia-Pacific is experiencing robust economic growth. The businesses in the
region are flourishing globally.
The report on the global security and
vulnerability management market covers segments such as component, deployment
mode, organization size, and end users. On the basis of component, the
sub-markets include solution and services. On the basis of deployment mode,
the sub-markets include on premises, and cloud. On the basis of organization
size, the sub-markets include small and medium, and large. On the basis of end
users, the sub-markets include BFSI, IT & Telecom, energy and utilities,
government, and others.
The report provides profiles of
the companies in the market such as IBM Corporation, Broadcom Inc., Tripwire
Inc., McAfee Inc., Qualys Inc., F-Secure Corporation, GFI Software, Amazon
Inc., and Tenable, Inc..
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the security and vulnerability management market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.