The market for patch and remediation software is predicted to reach about US$ 3.0 billion by 2031 with an anticipated CAGR of 10%, according to the most recent research from Future Market Insights. Along with the growing use of automation solutions, the growing number of software vulnerabilities will present opportunities in the near future that will fuel market expansion.
The majority of cyberattackers use software flaws to gain access to system data. Approximately 70% of successful cyberattacks exploited known vulnerabilities with readily available patches, according to the Verizon Data Breach Investigations Report. Therefore, it’s crucial to regularly update the OS and applications to stop such attacks.
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The demand for updated operating systems and applications is rising as updates make computers and other devices safer and aid in preventing hackers from taking advantage of weak points.
The patch and remediation software market refers to the use of software tools and services to identify, prioritize, and remediate vulnerabilities in IT systems and applications. The market includes a range of software solutions, such as patch management software, vulnerability scanning tools, configuration management software, and other security and compliance management tools.
The patch and remediation software market has been growing rapidly in recent years, driven by increasing security threats and the need for organizations to maintain a secure and compliant IT environment. The market is expected to continue to grow as organizations seek to improve their security posture and comply with regulations such as GDPR and the California Consumer Privacy Act.
Overall, the patch and remediation software market is expected to continue to grow in the coming years as organizations seek to improve their security and compliance posture. However, the market is also likely to become increasingly competitive, as more vendors enter the space and existing vendors continue to expand their offerings to meet the evolving needs of their customers.
Who are the Key Providers of Patch and Remediation Software?
Some of the leading patch and remediation software providers include
- Lumension Security
- LANDesk Software
- Broadcom Inc.
- McAfee
- Microsoft Corporation
- IBM Corporation
- Numara Software
- LogMeIn
- Shavlik Technologies
- Micro Focus
- Avast
- SysAid Technologies
- SmiKar Software
- Others
Patch and remediation software vendors adopt various expansion strategies for enhancing their presence and increasing the market share in the global market. The strategies that patch and remediation software follow include acquisitions, partnership and collaborations with other players, new product launches, and strengthening of regional and global distribution networks.
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Key Segments of Patch and Remediation Software Market
By Solution:
- Patch & Remediation Management Software
- Services
- Security Patching & Support
- Security Consulting
- Implementation Services
By Enterprise Size:
- SMEs
- Large Enterprises
By Industry:
- Healthcare
- Government
- BFSI
- IT & Telecom
- Retail
- Others
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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