The global security and vulnerability management market is expected to reach a value of US$ 2.5 billion in 2022. It is projected to grow steadily at a compound annual growth rate (CAGR) of 11.3%, reaching a total worth of US$ 4.2 billion by the conclusion of 2027.
Security and vulnerability management solutions and services account for 5% share of the global cybersecurity market. Enterprises are improving their threat intelligence and risk management operations with security and vulnerability management providers to create effective security systems for their operational infrastructure.
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Tools for threat intelligence and incident response, tools for vulnerability assessment and management, and security information and event management (SIEM) systems are important goods in this sector. Among others, Symantec, McAfee, TrendMicro, and RSA are significant market participants in the security and vulnerability management space.
By the end of 2027, the market for security and vulnerability management is projected to be worth US$ 4.2 billion, having grown at a CAGR of 11.3% from its estimated value of US$ 2.5 billion in 2022. Products and services for security and vulnerability management make up 5% of the global cybersecurity market.
Businesses are upgrading their threat intelligence and risk management operations with security and vulnerability management firms in order 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 over the course of 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
On the basis of 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.
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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