Security and Vulnerability Management Market

Security and Vulnerability Management Market

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Raksha

Author:

Raksha Sharma

Amulya

Fact-checked by:

Amulya Agarwal

Shruti

Editor:

Shruti Bhat

Security and Vulnerability Management Market Outlook 2031:

The global security and vulnerability management market size was valued at USD 14.67 Billion in 2022 and is projected to reach USD 25.42 Billion by 2031, expanding at a CAGR of 6.3% during the forecast period 2023 - 2031. The growth of the market is attributed to the rules & regulations by government, increasing cyber awareness among the people, growing number of cyber attacks, and high growth in cloud computing.

Security and vulnerability management is a process to identify, evaluate, treat, and report on the security vulnerabilities happening in systems and also the software running on them. It is a technological weakness, which allows the attackers to compromise the information and products it has. Security and vulnerability management is implemented with the other security tactics and it is very important for the organizations to prioritize the threats and reduce their attack surface.

Security and Vulnerability Management Market Outlook

It is a continuous process that has to be performed to keep with the changes happening in the systems, new systems & software that are added to the networks, and finding of new vulnerabilities over time. The different devices are used in the software and systems to detect risk so, the decisions could be made to treat the risks. The main advantage of security and vulnerability management market is to indentify & eliminate the threat.

Security and Vulnerability Management Market Trends, Drivers, Restraints, and Opportunities

  • Increasing vulnerability across the world is projected to push the security and vulnerability management market expansion in the coming years.
  • Rising digital transactions has increased frequency of the cybercrimes are main factor propelling the security and vulnerability management market growth.
  • Internal vulnerabilities is growing security breaches is anticipated to impede the market expansion during the forecast period.
  • Lack of proper parameters for prioritizing risks acts as key challenge that can hamper the security and vulnerability management market growth.
  • R&D investment & technological advancement in security and vulnerability management is estimated to create immense opportunities for the market players.

Scope of Security and Vulnerability Management Market Report

The report on the global Security and Vulnerability Management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Security and Vulnerability Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016 – 2021

Forecast Period

2023 – 2031

Segmentation

Size of the Organizations (Large Enterprises and Small & Medium Enterprises), End-user Verticals (BFSI, Manufacturing, IT & Telecommunication, Aerospace & Defense, Healthcare, Retail, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

IBM Corp.; Hewlett Packard Enterprise Company; Broadcom Inc.; Qualys Inc.; Dell EMC; McAfee Inc.; Tripwire Inc.; Skybox Security Inc.; Tenable Network Security; Alien Vault Inc.; Symantec Corp.; and NetIQ Corp.

Security and Vulnerability Management Market Segment Insights:

Large enterprises segment is projected to account for a large market share

Based on size of the organizations, the global Security and Vulnerability Management market share is divided into large enterprises and small & medium enterprises. The large enterprises segment is expected to constitute a key share of the market during the forecast period owing to cyber security threats, rising cyber security vulnerabilities, and cyber security exploits.

The large enterprises are using various products for cyber threats such as device vulnerability assessment products, application scanners, policy & compliance solutions, and others.

Organizations

Healthcare segment is projected to hold a key market share

On the basis of end-user verticals, the security and vulnerability management market share is segmented into BFSI, manufacturing, IT & telecommunication, aerospace & defense, healthcare, retail, and others. The healthcare segment is expected to represent a key share of the market in the coming years due to the need to detect risks, increasing data & identity breaches, and accessing control to investigate.

Some major hacking cases in healthcare verticals and for maintain the logs of users accessing confidential data have increased the security against cyber threats. On the other hand, the BFSI segment is anticipated to expand at a rapid pace during the forecast period owing to large customer base and it has faced various cyber attacks & data breaches.

Security and Vulnerability Management Market End-User

Asia Pacific is expected to dominate the market

On the basis of regions, the global Security and Vulnerability Management market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising complexity of businesses, continuous growth in mobile workforce, and uncontrollable nature of the internet.

On the other hand, the market of North America is expected to exhibit a rapid growth rate in the coming years due to increase in number of vulnerable devices and high penetration of internet applications.

Security and Vulnerability Management Market Region

Segments

The global Security and Vulnerability Management market has been segmented on the basis of

Size of the Organizations

  • Large Enterprises
  • Small & Medium Enterprises

End-user Verticals

  • BFSI
  • Manufacturing
  • IT & Telecommunication
  • Aerospace & Defense
  • Healthcare
  • Retail
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • IBM Corp.
  • Hewlett Packard Enterprise Company
  • Broadcom Inc.
  • Qualys Inc.
  • Dell EMC
  • McAfee Inc.
  • Tripwire Inc.
  • Skybox Security Inc.
  • Tenable Network Security
  • Alien Vault Inc.
  • Symantec Corp.
  • NetIQ Corp.

Competitive Landscape

Key players competing in the global Security and Vulnerability Management market include IBM Corp.; Hewlett Packard Enterprise Company; Broadcom Inc.; Qualys Inc.; Dell EMC; McAfee Inc.; Tripwire Inc.; Skybox Security Inc.; Tenable Network Security; Alien Vault Inc.; Symantec Corp.; and NetIQ Corp.

Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Security and Vulnerability Management Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Security and Vulnerability Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Security and Vulnerability Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Security and Vulnerability Management Market - Supply Chain
  4.5. Global Security and Vulnerability Management Market Forecast
     4.5.1. Security and Vulnerability Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Security and Vulnerability Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Security and Vulnerability Management Market Absolute $ Opportunity
5. Global Security and Vulnerability Management Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Security and Vulnerability Management Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Security and Vulnerability Management Demand Share Forecast, 2019-2026
6. North America Security and Vulnerability Management Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Security and Vulnerability Management Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Security and Vulnerability Management Demand Share Forecast, 2019-2026
7. Latin America Security and Vulnerability Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Security and Vulnerability Management Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Security and Vulnerability Management Demand Share Forecast, 2019-2026
8. Europe Security and Vulnerability Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Security and Vulnerability Management Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Security and Vulnerability Management Demand Share Forecast, 2019-2026
9. Asia Pacific Security and Vulnerability Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Security and Vulnerability Management Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Security and Vulnerability Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Security and Vulnerability Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Security and Vulnerability Management Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Security and Vulnerability Management Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Security and Vulnerability Management Market: Market Share Analysis
  11.2. Security and Vulnerability Management Distributors and Customers
  11.3. Security and Vulnerability Management Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. IBM Corp.
     11.4.2. Hewlett Packard Enterprise Company
     11.4.3. Broadcom Inc.
     11.4.4. Qualys Inc.
     11.4.5. Dell EMC
     11.4.6. McAfee Inc.
     11.4.7. Tripwire Inc.
     11.4.8. Skybox Security Inc.&

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