The security and vulnerability management market is expected to reach US$ 4.2 billion by 2027, rising at an 11.3% CAGR from its estimated value of US$ 2.5 billion in 2022. Security and vulnerability management products and services account for 5% of the global cybersecurity market.
Security information and event management (SIEM) systems, tools for vulnerability assessment and management, and tools for threat intelligence and incident response are all important goods in this market. Notable participants in the security and vulnerability management market include Symantec, McAfee, TrendMicro, and RSA.
The phrase “Security and Vulnerability Management Market” refers to the technology and services used to identify, assess, and prioritize security threats in an organization’s IT infrastructure and to put protective measures in place to lessen those risks. The increase in cyberattacks and the need for businesses to protect their sensitive data and systems are driving this market.
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Businesses are upgrading their threat intelligence and risk management operations with security and vulnerability management firms to provide effective security solutions for their operational infrastructure. Dynamics Affecting Growth in the Global Security and Vulnerability Management Market.
Global Security and Vulnerability Management Market: Forecast by Region
This research has coverage of the seven important geopolitical regions of North America, Latin America, Eastern and Western Europe, APEJ, Japan, and the Middle East and Africa. North America is anticipated to be the most alluring regional market in the worldwide security and vulnerability management market in terms of value throughout the projection. However, throughout the projected period, the market in APEJ is anticipated to experience rapid year-over-year growth. The market in APEJ is anticipated to grow more quickly than other regions, with a CAGR of 13.3% predicted for the forecast period.
Global Security and Vulnerability Management Market: Forecast by Component
Based on components, 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.
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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
- Security and Vulnerability Management in Healthcare
- Security and Vulnerability Management in Utility
- Security and Vulnerability Management in Defence
- 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
- South Asia & Pacific Security and Vulnerability Management Market
- Middle East & Africa (MEA) Security and Vulnerability Management Market
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