Global Security and Vulnerability Management Market to record 4.5% CAGR through 2027

January 08, 2021

According to the research report titled ‘Global Security and Vulnerability Management Market Size study, By Target (IoT vulnerabilities and API vulnerabilities), Deployment Type (Cloud and On-premises), By Organization Type (Small and medium Enterprises and Large Enterprises), By vertical (Information, Finance and Insurance, Healthcare and Social Assistance , Retail Trade , Manufacturing and Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global security and vulnerability management market garnered a valuation of USD 12 billion in 2019 and is projected to record a y-o-y growth rate of 4.5% during 2020-2027.

Increasing security issues faced by organizations, and rising cyber-attacks are the key factors propelling the growth of global security and vulnerability management market.

Notably, enterprises use security and vulnerability management to monitor and optimize the security policy. It makes security solutions simple, easier, and cost-effective by increasing automation and has become an important aspect of enterprise security. Enterprises depend on effective security and vulnerability management solution to protect their critical information and enhance data security, risk management, and malware intelligence of their processes.

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Protection against cyberattacks have become necessary for ensuring that small & medium sized enterprises can safeguard their information, intellectual property, reputation, and economic interests, which in turn is boosting the product demand.

In addition, major contenders have adopted several tactics including product launches, funding, investment, partnership  agreement, and mergers & acquisitions to gain a competitive edge, thereby stimulating global security and vulnerability management market forecast.

Coming to the pitfalls, security breaches owing to internal vulnerabilities is anticipated to restrain the expansion of global security and vulnerability management industry over the analysis period.

Considering the geographical landscape, the market dynamics are defined by Asia Pacific, Europe, Latin America, North America, and Rest of the World. The report states that, North America presently leads the overall market share and is poised to gain traction in the coming years, attributable to concentration of end-users industries, and presence of government policies, which have further encouraged businesses to implement security and management system.

On the other hand, Asia Pacific security and vulnerability management industry is slated to grow substantially through 2027.

Leading organizations influencing worldwide security and vulnerability management market trends are Brinqa, Check Point Software Technologies, Skybox Security Inc., Acunetix, Mcafee Corp., RSA Security LLC, Rapid7 Inc., Qualys Inc., AT&T Corporation, and IBM Corporation.

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