Security and Vulnerability Management Market is projected to reach US$ 4.2 Bn by 2027 end

According to a new report published by Future Market Insights titled “Security and Vulnerability Management Market: Global Industry Analysis (2013 – 2021) and Opportunity Assessment (2022 – 2027),” the global security and vulnerability management market was valued at US$ 2.5 Bn in 2022 and is projected to reach US$ 4.2 Bn by 2027 end.

The good forecast for growing demand for next-generation security and vulnerability management solutions, as well as collaboration with cloud service providers, are the key drivers of this expansion. The global market for security and vulnerability management is segmented by region, component, enterprise type, and vertical in this study.

Global Security and Vulnerability Management Market: Dynamics Impacting Growth

• Continuous demand for cyber security solutions due to an increase in cyber attacks
• Demand for remote solutions and increasing usage of cloud technologies
• Continuous growth in the IT sector across the globe
• Increasing number of internet users and high adoption of security and vulnerability management solutions in the healthcare industry
• Continuous launching of new products and solutions

Global Security and Vulnerability Management Market: Forecast by Region

The seven key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA have been covered in this report. In terms of value, North America is projected to be the most attractive regional market in the global security and vulnerability management market during the forecast period. However, the market in APEJ is expected to register high Y-o-Y growth rates throughout the forecast period. The market in APEJ is projected to exhibit relatively faster growth in terms of value, and is expected to register a CAGR of 13.3% over the forecast period.

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Global Security and Vulnerability Management Market: Forecast by Component

On the basis of component, the global security and vulnerability management market is segmented into software and services. In 2016, the software segment was the dominant segment, valued at US$ 4,774.6 Mn, and is expected to remain dominant in terms of value throughout the forecast period. However, the services segment is expected to exhibit relatively high growth rates in terms of value and is anticipated to exhibit a CAGR of 13.6% over the forecast period.

Global Security and Vulnerability Management Market: Key Players

Some of the significant players operating in the global security and vulnerability management market are IBM Corporation, Micro Focus, Symantec Corporation, Rapid7, Inc., Qualys, Inc., Trend Micro, Inc., Tenable, Inc., McAfee LLC, Tripwire, Inc., and RSA Security LLC (Dell EMC).

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Key Segments of Security and Vulnerability Management Industry Survey

Security and Vulnerability Management Market by Component:

• Security and Vulnerability Management Software

• Security and Vulnerability Management Services

Security and Vulnerability Management Market by Enterprise Type:

• Security and Vulnerability Management for Small Enterprises
• Security and Vulnerability Management for Medium Enterprises
• Security and Vulnerability Management for Large Enterprises

Security and Vulnerability Management Market by Vertical:

• Security and Vulnerability Management in IT and Telecom
• Security and Vulnerability Management in Retail
• Security and Vulnerability Management in Government
• Security and Vulnerability Management in BFSI
• Others

Security and Vulnerability Management Market by Region:

• North America Security and Vulnerability Management Market
• Latin America Security and Vulnerability Management Market
• Europe Security and Vulnerability Management Market
• East Asia Security and Vulnerability Management Market