According to a new report published by Future Market Insights titled “Security and Vulnerability Management Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” the global security and vulnerability management market was valued at US$ 5,749.5 Mn in 2016 and is projected to reach US$ 20,665.9 Mn by 2027 end. The primary reasons behind this growth are the positive outlook towards escalating demand for next-generation security and vulnerability management solutions and collaboration with cloud service providers. The report on the global market for security and vulnerability management covers various market segments such as region, component, enterprise type, and vertical.
Collaborating with Cloud Service Providers Would Boost Security and Vulnerability Management Market Prospects
Owing to the growing dynamic business requirement, cloud-computing is known to offer flexible, cost-effective, and proven delivery platform to business, in turn increasing their service delivery efficiency and keeping networks, systems and data secure—thereby, ensuring security and vulnerability management. With enterprises moving from on-premise storage to cloud-based storage such as Software as a Service (SaaS), Platform as a Service (PaaS), and Security and Data Protection as a Service (SDPaaS) will translate into more secure business perimeters by classifying vulnerabilities, limiting potential threats, improving compliance to regulations such as HIPPA and GDPR.
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Global Security and Vulnerability Management Market: Dynamics Impacting Growth
- Continuous demand for cyber security solutions due to an increase in cyber attacks
- Demand for remote solutions and increasing usage of cloud technologies
- Continuous growth in the IT sector across the globe
- Increasing number of internet users and high adoption of security and vulnerability management solutions in the healthcare industry
- Continuous launching of new products and solutions
Global Security and Vulnerability Management Market: Forecast by Region
The seven key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA have been covered in this report. In terms of value, North America is projected to be the most attractive regional market in the global security and vulnerability management market during the forecast period. However, the market in APEJ is expected to register high Y-o-Y growth rates throughout the forecast period. The market in APEJ is projected to exhibit relatively faster growth in terms of value, and is expected to register a CAGR of 13.3% over the forecast period.
Global Security and Vulnerability Management Market: Forecast by Component
On the basis of component, 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.
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Global Security and Vulnerability Management Market: Forecast by Enterprise Type
On the basis of enterprise size, the global security and vulnerability management market is segmented into small enterprises, medium enterprises, and large enterprises. In terms of value, the small enterprises segment is expected to increase 3.4X during the forecast period. The large enterprises segment is expected to create an incremental opportunity of US$ 8,823.4 Mn during the forecast period.
Global Security and Vulnerability Management Market: Forecast by Vertical
Vertical segmentation consists of IT and Telecom, Retail, Government, BFSI, Healthcare, Energy & Utility, Defence and Others. Among the vertical segments, the healthcare segment is projected to exhibit relatively high growth in terms of value and is expected to register a CAGR of 13.2% over the forecast period.
Global Security and Vulnerability Management Market: Key Players
The global market for security and vulnerability management is projected to remain fairly fragmented with organized and unorganized players holding more than 64 percent of the total market share. As per Future Market Insight’s in-depth analysis of the global security and vulnerability management market, strategic collaborations, partnerships, and acquisitions will be the most sought-after expansion strategies adopted by key players in the global security and vulnerability management market. For instance, in 2017, IBM Corporation collaborated with Cisco Systems to integrate Cisco’s security solutions with IBM’s QRadar, in order to provide threat intelligence research and coordination on major cyber security incidents.
In the same year, Micro Focus completed the acquisition of Hewlett Packard Enterprise’s software business segment, to solve complex technology problems in domains including hybrid IT, security and risk management, and predictive analytics. Rapid7’s partnership with Coalfire would combine the power of Rapid7’s vulnerability management solutions and Coalfire’s platform.
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Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Market Snapshot
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Value chain Analysis
3.4. Key Regulations
3.5. Market Challenges
4. Market Background
5. Global Security And Vulnerability Management Market Overview
6. North America Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027
7. Western Europe Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027
8. Eastern Europe Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027
9. Latin America Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027
10. Asia Pacific Excluding Japan (APEJ) Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027
11. Japan Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027
12. Middle East and Africa Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027
13. Forecast Factors: Relevance and Impact
14. Forecast Assumptions
15. Competition Landscape
16. Global Security and Vulnerability Management Market Analysis 2012–2016 and Forecast 2017–2027 By Region