The security and vulnerability management market is on the verge of experiencing remarkable growth, with a projected CAGR of 11.3%. By the year 2027, this market segment is estimated to reach an impressive net worth of US$4.2 billion.
This sector focuses on ensuring the safety and security of digital systems and networks by identifying and addressing vulnerabilities. With the ever-increasing reliance on technology and the internet, the importance of robust security measures cannot be overstated.
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As cyber threats continue to evolve and become more sophisticated, the demand for effective security and vulnerability management solutions is growing exponentially. This market is set to play a pivotal role in safeguarding organizations, both large and small, against cyberattacks and data breaches.
Security and vulnerability management solutions and services constitute a 5% portion of the worldwide cybersecurity market. Businesses are enhancing their threat analysis and risk control processes by partnering with security and vulnerability management providers. This collaboration aims to establish robust security systems for their operational infrastructure.
Competitive Landscape:
Key security and vulnerability management providers are focusing on providing innovative solutions to ensure the security of enterprises from ever-evolving cyberattacks. Security and vulnerability management vendors are also investing in research to study the changing technology and cybersecurity trends to keep their security and vulnerability management solutions up to date.
- In December 2021, Edgescan, a leading name in the vulnerability management industry, announced the launch of its newly redesigned website, which is reflective of its new brand style. The new website features different graphics to explain how it helps customers to mitigate and resolve vulnerabilities across full-stack and promotes its Smart Vulnerability Management solution.
- In March 2021, Vulcan Cyber, a new start-up dedicated to helping enterprises discover software vulnerabilities, announced that it had raised US$ 21 Mn in a Series B funding round. These funds will be utilized by the start-up to roll out Vulcan Free, a no-cost risk-based vulnerability management platform for enterprise cyber risk management and detection.
Leading Key Players:
- IBM Corporation
- Micro Focus
- Symantec Corporation
- Rapid7 Inc.
- Qualys Inc.
- Trend Micro Inc.
- Tenable Inc.
- McAfee LLC
- Tripwire Inc.
- RSA Security LLC (Dell EMC)
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Security and Vulnerability Management Industry Segmentation:
By Component:
- Security and Vulnerability Management Software
- Security and Vulnerability Management Services
By Enterprise Type:
- Security and Vulnerability Management for Small Enterprises
- Security and Vulnerability Management for Medium Enterprises
- Security and Vulnerability Management for Large Enterprises
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
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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