Security and Vulnerability Management Market by Target, Deployment Mode, Organization Size, Vertical And Region - Global Forecast to 2025

Security and Vulnerability Management Market by Target, Deployment Mode, Organization Size, Vertical And Region - Global Forecast to 2025

  • May 2020 •
  • 186 pages •
  • Report ID: 2757445 •
  • Format: PDF
The security and vulnerability management market is expected to grow at a CAGR of 4.5% during the forecast period due to increasing vulnerabilities across the globe and a rise in the adoption of cybersecurity solutions.
The global security and vulnerability management market size is expected to grow from USD 12.5 billion in 2020 to USD 15.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period. Increasing vulnerabilities across the globe, growing deployment of third-party applications, and hefty fines due to the absence of vulnerability management solutions are the primary factors that would drive the demand for the security and vulnerability management industry during the forecast.

Application Programming Interface (API) vulnerabilities segment to grow at the highest CAGR during the forecast period
Security and vulnerability management solutions and services are responsible for securing critical Application Programming Interfaces (APIs) used for accessing data of an enterprise through digital channels, such as mobile applications, cloud, and Internet of Things (IoT) devices.They facilitate regulatory compliance and enhanced API security required in the development, deployment, management, and operations of APIs.

APIs can become a major point of vulnerability for an organization, as they offer programmatic access to external developers or hackers to exploit business logic flows within APIs. With the growing number of advanced cyberattacks on APIs, organizations worldwide are adopting security and vulnerability management solutions, thereby driving the security and vulnerability management market growth.

Cloud segment to hold a higher market share during the forecast period
Security and vulnerability management solutions are deployed using two modes: on-premises and cloud.Depending on the requirements of organizations as well as users, companies can decide between cloud and on-premises deployment modes.

Cloud-based deployment provides organizations with benefits, such as increased scalability, speed, 24/7 services, and improved IT security.The demand for Software as a Service (SaaS)-based security solutions is growing rapidly, as the central delivery model meets IT security needs.

The cost-effectiveness and scalability of the cloud deployment mode are expected to boost the growth of cloud-based security and vulnerability management solutions. Owing to the increasing number of applications being deployed via the cloud, there is a shift from the traditional on-premises security and vulnerability management solutions to the cloud-based security and vulnerability management solutions across large enterprises and Small and Medium-sized Enterprises (SMEs).

Large enterprises segment to grow at a higher CAGR during the forecast period
Based on organization size, the security and vulnerability management market has been segmented into SMEs and large enterprises.Large enterprises are the early adopters of threat intelligence solutions, as they use a large number of business applications that are susceptible to the increasing cyberattacks.

Vast volumes of data, along with various business applications and processes of enterprises, involve an elevated level of complexities and distributed environments.The large enterprises prefer implementing solutions that can provide them assistance in increasing their profits.

These enterprises have their offices across regions due to which they offer their solutions to their employees through real-time data access.

North America to hold the largest market size during the forecast period
North America is a technologically advanced region and is considered to be a leader in the global cybersecurity market due to the presence of major security vendors.The region is also considered to be a leader in the field of security and vulnerability management technology.

North America is highly regulated and controlled by various government standards and regulations.The major economies in this region are the US and Canada.

The US and Canada have been expansively implementing security and vulnerability management solutions to comply with regulations and improve security for better troubleshooting.As the world is moving toward digitalization, protecting enterprise-critical infrastructure, information, and sensitive data has become one of the major challenges for organizations.

The increasing adoption of cloud-based applications, technologies, and platforms has further increased the demand for enhanced security solutions for these platforms.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

The breakup of the profiles of the primary participants is as follows:
• By Company: Tier 1 – 25%, Tier 2 – 55%, and Tier 3 – 20%
• By Designation: C-Level – 50%, Director Level – 30%, and Others – 20%
• By Region: North America – 55%, Europe – 25%, APAC – 15%, RoW – 5%

The major vendors covered in the security and vulnerability management market include IBM (US), AT&T (US), Qualys (US), McAfee (US), Rapid7 (US), RSA (US), Tenable (US), F-Secure (Finland), Acunetix (Malta), SkyBox Security (US), Brinqa (US), Check Point (Israel), NopSec (US), Tripwire (US), Digital Defense (US), RiskIQ (US), Kenna Security (US), Outpost 24 (Sweden), Expanse (US), and RiskSense (US).

Research Coverage:
The report includes an in-depth competitive analysis of the key players in the security and vulnerability management market along with their company profiles, recent developments, and key market strategies. The report segments the security and vulnerability management industry by target, organization size, deployment mode, vertical, and region.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in the security and vulnerability management market in the following ways:
1. The overall security and vulnerability management market revenue stream has been estimated based on the revenues generated by vendors, offering solutions. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are split further into five regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report will help the stakeholders understand the competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.