Security And Vulnerability Management Market
Security and Vulnerability Management Market Forecasts to 2030 - Global Analysis By Component (Services, Solutions and Other Components), Deployment Mode, Organization Size, Target, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $16.18 BN |
|
Projected Year Value (2030) |
US $28.28 BN |
|
CAGR (2023 - 2030) |
8.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Security and Vulnerability Management Market is accounted for $16.18 billion in 2023 and is expected to reach $28.28 billion by 2030 growing at a CAGR of 8.3% during the forecast period. A complete strategy for protecting an organization's information technology (IT) infrastructure, systems, and data from security threats and vulnerabilities is known as security and vulnerability management. It includes a variety of methods and equipment for locating, reducing, and controlling security hazards. Maintaining an up-to-date inventory of all IT assets, including hardware devices, software applications, servers, network components, and cloud resources, is the first step in security and vulnerability management.
According to the Center for Strategic and International Studies (CSIS) and McAfee, cybercrimes, which include damage and destruction of data, stolen money, lost property, theft of intellectual property, and other areas, currently cost the world almost USD 600 billion each year, or 0.8% of global GDP. Such factors are expected to increase the growth of security and vulnerability management software and services.
Market Dynamics:
Driver:
Increasing adoption of diverse technological developments
To increase corporate efficiency, organizations are implementing a wide range of technical advancements such workplace mobility, virtualization, and cloud storage. As a result of these developments, businesses may now operate effectively and in real time thanks to the ease with which mobile devices can access cloud and virtual storage-based data. Organizations can find misconfigurations with regard to administrator permission privileges, Windows Defender, firewall port access, web server hardening, and strong password policies by using vulnerability management tools. Many firms spend a significant sum of money in the event of a security breach while establishing any security strategy or solution which drives the growth of the market.
Restraint:
Security lapses resulting from internal shortcomings
Insider threats, negligent employees, personnel hired by rivals to tamper with company data, angry employees, and employees who purposefully use data for personal advantage are examples of internal risks. Three key attacks—SQL injection, email phishing, and Man-in-the-Middle (MiTM) are used by hackers to achieve their financial objectives. Internal weaknesses and breaches are frequently not discovered; businesses do not even report these losses because of their reputation in the ecosystem because they view such situations as embarrassing incidents thereby impeding the market.
Opportunity:
Remote and hybrid workforce
The work culture has shifted to remote and hybrid work patterns, expanding the attack surface. Organizations must protect endpoints and remote access, which makes security and vulnerability management even more important. Cybercriminals are stepping up their strategies as organizations hurry to move their operations and educational programs online in order to prey on individuals who could have weak or naive security postures as a result. Users were duped into opening fraudulent emails by the epidemic. Security and vulnerability management is therefore a wise choice for industries to make in order to prevent the loss of disclosed confidential information. Organizations are compelled to implement security and vulnerability management solutions to safeguard their secure environments due to these financial repercussions.
Threat:
Positive errors
It can be challenging to comprehend the implications of the scanning tool's results and vulnerabilities, particularly if one has a sizable IT infrastructure with numerous servers and services. Because of this, one will frequently encounter false positives. If one is not an expert in security, it might be difficult to identify them, which makes analysing the data time-consuming. Furthermore, the tool does not become wiser and will continue to produce erroneous findings if false positives are not cleaned away and one must make sure the tool is regularly updated in order to guarantee that the most recent vulnerabilities are discovered.
Covid-19 Impact
The COVID-19 pandemic had a big effect on the market for security and vulnerability management, altering both the need for these services and how businesses handled security throughout the crisis. Employees and management are now more aware than ever of the hazards associated with cybersecurity. In order to protect sensitive data, organizations made investments in security awareness training and emphasized the significance of security and vulnerability management.
The application programming interface (API) vulnerabilities segment is expected to be the largest during the forecast period
The application programming interface (API) vulnerabilities segment is estimated to have a lucrative growth, as these are security holes or defects that can be exploited by attackers to compromise the security of an application, system, or network. They can be found in the design, implementation, or use of APIs. APIs are crucial for facilitating data interchange and communication across various software applications, systems, or components. Injection attacks, authentication and authorization problems, insecure deserialization, cross-site scripting (XSS), and other issues are some frequent API vulnerabilities.
The Banking, Financial Services and Insurance (BFSI) segment is expected to have the highest CAGR during the forecast period
The Banking, Financial Services and Insurance (BFSI) segment is anticipated to witness the highest CAGR growth during the forecast period, because financial institutions are a primary target for cyberattacks on a global scale. Given that the bulk of financial services are now digital, cybersecurity is becoming more crucial for financial institutions. Cyberattacks have the ability to target websites and transaction systems in this industry, which is indicative of an increase in attacks. One of the biggest financial markets in the world, the United States, is the target of a considerable part of cyberattacks. Private and public financial institutions are concentrating on using the most recent technology to thwart cyber-attacks in order to secure IT processes and systems, secure customer-critical data, and comply with legal requirements.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period as cyber security attacks and BYOD data breaches are becoming more common in Asia-Pacific. As a result, the region is ideally suited for the growth and need of security and vulnerability management solutions. Nearly one in five business organizations in this region experienced more than six security breaches in recent years, according to a report by ESET Enterprise. Due to the rise in cyberattacks in this region, the key industry participants are working on strengthening their defensive capabilities. The general information and communication technology (ICT) master plans of nations like Laos, Myanmar, and Pakistan, on the other hand, encompass topics like cybersecurity. Vendors are now have the chance to increase interest in their goods in these nations.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to early adoption of security and vulnerability management and the existence of numerous providers offering these solutions. Businesses in this region are progressively putting security and vulnerability management solutions in place to enable data security, stop cyberattacks and corporate espionage, and guarantee the protection and privacy of data to support their continued operations.
Key players in the market
Some of the key players profiled in the Security and Vulnerability Management Market include Qualys Inc., Hewlett Packard Enterprise Company, IBM Corporation, Tripwire Inc., Broadcom Inc. (Symantec Corporation), Dell EMC, Micro Focus International PLC, McAfee Inc., Alien Vault Inc., Rapid7 Inc., Skybox Security Inc. , Fujitsu Limited, Qualys, RSA Security, Symantec Corporation, Core Security, Digital Defence and Micro Focus
Key Developments:
In September 2023, Qualys Announces New Cloud Platform in Italy. This new shared platform aligns with the country’s National Cybersecurity Perimeter (NCSP) cloud strategy and will allow Qualys customers in Italy to meet privacy requirements by storing data locally.
In September 2023, Hewlett Packard Enterprise Aruba Networking expands portfolio, helping SMBs amidst growing network and security demands. Enable small and medium-sized businesses (SMBs) improve customer networks with faster speeds, increased capacity, and strengthened security.
In August 2023, Qualys and Mazars Partners to Expand its Enterprise Managed Cybersecurity Services to Deliver Risk-based Outcomes. Mazars customers will gain unprecedented insights into distinct risk postures to prioritize and remediate their most critical vulnerabilities through this partnership.
Components Covered:
• Services
• Solutions
• Other Components
Deployment Modes Covered:
• On-Premise
• Cloud
Organization Sizes Covered:
• Small and Medium Scale
• Large Scale
Targets Covered:
• Application Programming Interface Vulnerabilities
• Content Management Systems Vulnerabilities
• IoT Vulnerabilities
• Other Targets
End Users Covered:
• Aerospace, Defense, and Intelligence
• Manufacturing
• Banking, Financial Services and Insurance (BFSI)
• Healthcare
• Retail
• IT and Telecommunication
• Energy & Utility
• Public Sector
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Security and Vulnerability Management Market, By Component
5.1 Introduction
5.2 Services
5.2.1 Consulting
5.2.2 Intergradation
5.2.3 Support
5.3 Solutions
5.3.1 Application Vulnerability Assessment
5.3.2 Device Vulnerability Assessment
5.3.3 Forensic and Incident Investigation
5.3.4 Policy and Compliance
5.3.5 Security Information and Event Management
5.4 Other Components
6 Global Security and Vulnerability Management Market, By Deployment Mode
6.1 Introduction
6.2 On-Premise
6.3 Cloud
7 Global Security and Vulnerability Management Market, By Organization Size
7.1 Introduction
7.2 Small and Medium Scale
7.3 Large Scale
8 Global Security and Vulnerability Management Market, By Target
8.1 Introduction
8.2 Application Programming Interface Vulnerabilities
8.3 Content Management Systems Vulnerabilities
8.4 IoT Vulnerabilities
8.5 Other Targets
9 Global Security and Vulnerability Management Market, By End User
9.1 Introduction
9.2 Aerospace, Defense, and Intelligence
9.3 Manufacturing
9.4 Banking, Financial Services and Insurance (BFSI)
9.5 Healthcare
9.6 Retail
9.7 IT and Telecommunication
9.8 Energy & Utility
9.9 Public Sector
9.10 Other End Users
10 Global Security and Vulnerability Management Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Qualys Inc.
12.2 Hewlett Packard Enterprise Company
12.3 IBM Corporation
12.4 Tripwire Inc.
12.5 Broadcom Inc. (Symantec Corporation)
12.6 Dell EMC
12.7 Micro Focus International PLC
12.8 McAfee Inc.
12.9 Alien Vault Inc.
12.10 Rapid7 Inc.
12.11 Skybox Security Inc.
12.12 Fujitsu Limited
12.13 Qualys
12.14 RSA Security
12.15 Symantec Corporation
12.16 Core Security
12.17 Digital Defence
12.18 Micro Focus
List of Tables
1 Global Security and Vulnerability Management Market Outlook, By Region (2021-2030) ($MN)
2 Global Security and Vulnerability Management Market Outlook, By Component (2021-2030) ($MN)
3 Global Security and Vulnerability Management Market Outlook, By Services (2021-2030) ($MN)
4 Global Security and Vulnerability Management Market Outlook, By Consulting (2021-2030) ($MN)
5 Global Security and Vulnerability Management Market Outlook, By Intergradation (2021-2030) ($MN)
6 Global Security and Vulnerability Management Market Outlook, By Support (2021-2030) ($MN)
7 Global Security and Vulnerability Management Market Outlook, By Solutions (2021-2030) ($MN)
8 Global Security and Vulnerability Management Market Outlook, By Application Vulnerability Assessment (2021-2030) ($MN)
9 Global Security and Vulnerability Management Market Outlook, By Device Vulnerability Assessment (2021-2030) ($MN)
10 Global Security and Vulnerability Management Market Outlook, By Forensic and Incident Investigation (2021-2030) ($MN)
11 Global Security and Vulnerability Management Market Outlook, By Policy and Compliance (2021-2030) ($MN)
12 Global Security and Vulnerability Management Market Outlook, By Security Information and Event Management (2021-2030) ($MN)
13 Global Security and Vulnerability Management Market Outlook, By Other Components (2021-2030) ($MN)
14 Global Security and Vulnerability Management Market Outlook, By Deployment Mode (2021-2030) ($MN)
15 Global Security and Vulnerability Management Market Outlook, By On-Premise (2021-2030) ($MN)
16 Global Security and Vulnerability Management Market Outlook, By Cloud (2021-2030) ($MN)
17 Global Security and Vulnerability Management Market Outlook, By Organization Size (2021-2030) ($MN)
18 Global Security and Vulnerability Management Market Outlook, By Small and Medium Scale (2021-2030) ($MN)
19 Global Security and Vulnerability Management Market Outlook, By Large Scale (2021-2030) ($MN)
20 Global Security and Vulnerability Management Market Outlook, By Target (2021-2030) ($MN)
21 Global Security and Vulnerability Management Market Outlook, By Application Programming Interface Vulnerabilities (2021-2030) ($MN)
22 Global Security and Vulnerability Management Market Outlook, By Content Management Systems Vulnerabilities (2021-2030) ($MN)
23 Global Security and Vulnerability Management Market Outlook, By IoT Vulnerabilities (2021-2030) ($MN)
24 Global Security and Vulnerability Management Market Outlook, By Other Targets (2021-2030) ($MN)
25 Global Security and Vulnerability Management Market Outlook, By End User (2021-2030) ($MN)
26 Global Security and Vulnerability Management Market Outlook, By Aerospace, Defense, and Intelligence (2021-2030) ($MN)
27 Global Security and Vulnerability Management Market Outlook, By Manufacturing (2021-2030) ($MN)
28 Global Security and Vulnerability Management Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2021-2030) ($MN)
29 Global Security and Vulnerability Management Market Outlook, By Healthcare (2021-2030) ($MN)
30 Global Security and Vulnerability Management Market Outlook, By Retail (2021-2030) ($MN)
31 Global Security and Vulnerability Management Market Outlook, By IT and Telecommunication (2021-2030) ($MN)
32 Global Security and Vulnerability Management Market Outlook, By Energy & Utility (2021-2030) ($MN)
33 Global Security and Vulnerability Management Market Outlook, By Public Sector (2021-2030) ($MN)
34 Global Security and Vulnerability Management Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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