According to the research report titled ‘Global Vulnerability Scanner Software Market Size study, by Type (Cloud based and Web Based), By Application (Large Enterprises and SMEs), and Regional Forecasts 2020-2027’, available with Market Study Report, global vulnerability scanner software market is expected to record a strong CAGR during 2020-2027.
 

Mandatory federal compliances for organizations, growing cyber awareness across emerging economies, and escalating cyber-attacks are the key factors which can be attributed for global vulnerability scanner software market growth. In addition, in the last four years, the vulnerabilities discovered have increased by 200%, which is encouraging enterprises to adopt vulnerability scanner software rather than relying on manual attempts.
 

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For those unversed, vulnerability scanner is a device used to examine and test a machine, program, or network for identifying threats and vulnerabilities. In order to ensure the well-being of the workers, organizations must ensure that their software is free of bugs that can be exploited to the disadvantage of the company by disruptive people or criminals.
 

As per Juniper Research, by 2023, cyber criminals will hack 33 billion documents. Besides, as more enterprises are technologically linked, cybercrime costed businesses over USD 2 trillion in total in 2019. In addition to this, hackers stole half a billion personal records in 2018.
 

Significance of detecting vulnerabilities such as glitches, security gaps, exploits, vulnerable access entry points, and device misconfigurations, have encouraged software service providers to develop more enhanced vulnerability scanner software, which is augmenting the market outlook.
 

Speaking of type, worldwide vulnerability scanner software industry is segmented into cloud based, and web based. Based on application spectrum, the market is split into SMEs, and large enterprises.
 

Considering the geographical ambit, Asia Pacific region with developed and developing economies including Hong Kong, India, Australia, Japan, South Korea, and others, with existing digitalization and establishment of new small & medium sized enterprises are augmenting the vulnerability scanners software industry share. However, the high costs associated with the successful implementation of innovative security systems discourage swift adoption of risk management practices across small and medium-sized companies, resulting in sluggish industry growth.
 

Major players influencing global vulnerability scanner software market trends are Nessus (developed by Tenable Inc.), Clarity Inc., Burp Suite by PortSwigger, AlienVault (now AT&T Cybersecurity), Netsparker, Acunetix, Nexpose (Rapid7), and Qualys Inc.