The Worldwide Security and Vulnerability Management Industry is Expected to Reach $20.1 Billion by 2027

DUBLIN, Dec. 8, 2021 /PRNewswire/ -- The "Global Security and Vulnerability Management Market By Component, By Type, By Deployment Type, By Enterprise Size, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Security and Vulnerability Management Market size is expected to reach $20.1 billion by 2027, rising at a market growth of 7.1% CAGR during the forecast period.

Security and vulnerability management refers to the process of identifying, analyzing, and eliminating vulnerabilities in networking hardware or software. In the past few years, this system has emerged as a crucial component for security in companies. Vulnerability management system takes help of test systems and technology to expose weak points and security flaws, thereby enabling the customers to know and quantify the loopholes in the network and to avoid undesirable weak points.

Growing adoption of IoT and cloud trends, high monetary losses due to the dearth of these solutions, integration of latest technologies like artificial intelligence & machine learning with security and vulnerability management solutions are indicative for the future growth of these solutions. Moreover, rise in vulnerabilities across the world, and strict regulatory standard & data privacy compliances are some of the key factors accountable to drive the growth of the security and vulnerability management market worldwide.

Moreover, the increase in number of cyber threats and cybercrimes is directly proportional to the adoption and growth rate of the security and vulnerability management solutions. Further, companies are switching towards the adoption of these solutions to ensure that threat intelligence & risk management is available in their premises that will enhance the security operations of their business.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic compelled companies of different sizes to adopt remote working model by allowing the employees to work from their homes in order to prevent the risk of getting infected from the coronavirus. The internet ecosystem played a vital role across the world. This provided access to the company's data to employees that were working from remote or distant locations. Thus, this has increased the chances of vulnerability that has forced companies to adopt security and vulnerability management solutions in order to prevent monetary and data losses.

Market Growth Factors:

Increase in loss of confidential data and monetary loss

Various companies are highly focusing on implementing several advanced technologies like cloud storage, enterprise mobility, and virtualization to increase the productivity of their businesses. With the help of advanced technologies like virtual and cloud storage, companies are now able to function efficiently in real-time as the private data can also be accessed through devices like mobile or tablets. But, the access of private data through mobile or tablet increases the chances of data theft and data loss. To deal with these issues, vulnerability management solutions assist companies in identifying misconfigurations regarding firewall port access, Windows Defender, administrative authorization privileges, various other antivirus detection solutions, web server hardening, and strong password policy.

Rising number of risks, cybercrime, and cyber threats

The adoption of security management, vulnerability management, and risk management solutions has increased due to a significant rise in cybercrimes and cyber threats. In addition, with the growth in cyber threats such as data breaches, Denial of Service attacks, and computer viruses, companies are excessively implementing security and vulnerability solutions in order to secure their confidential data from malicious activities. Moreover, the deployment of risk management, vulnerability management and security management has increased due to the increasing number of cyber threats and cybercrimes.

Market Restraining Factor:

High cost of installation, maintenance, and adoption of these solutions

To adopt solutions such as Tenable Nessus Pro (commercial), Tenable.io, Tenable.sc, Rapid7 InsightVM, and Qualys VMDR that provide high-level security to a company's private data is relatively very expensive. The major end-users of these solutions are financial companies that generate a huge volume of critical data. But, some of the small and medium-size companies are still struggling for deploying such solutions in their premises as they demand a large amount of investment. Moreover, after the installation of security and vulnerability solutions, they must be maintained and upgraded from time to time, which again requires a heavy investment that small and medium-sized companies regularly.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; IBM Corporation are the forerunners in the Security and Vulnerability Management Market. Companies such as Qualys, Inc., Check Point Software Technologies, F-Secure Corporation are some of the key innovators in Security and Vulnerability Management Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tenable, Inc., F-Secure Corporation, Skybox Security, Inc., IBM Corporation, Qualys, Inc., Rapid7, Inc., Check Point Software Technologies Ltd., Digital Defense, Inc. (HelpSystems, LLC), Tripwire Inc. (Belden, Inc.), and AT&T Cybersecurity (AT&T, Inc.).

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun - 2021, Jun) Leading Players

Chapter 4. Global Security and Vulnerability Management Market by Component
4.1 Global Security and Vulnerability Management Software Market by Region
4.2 Global Security and Vulnerability Management Services Market by Region

Chapter 5. Global Security and Vulnerability Management Market by Type
5.1 Global Security and Vulnerability Management Content Management Systems Vulnerabilities Market by Region
5.2 Global Security and Vulnerability Management API Vulnerabilities Market by Region
5.3 Global Security and Vulnerability Management IoT Vulnerabilities Market by Region
5.4 Global Other Type Security and Vulnerability Management Market by Region

Chapter 6. Global Security and Vulnerability Management Market by Deployment Type
6.1 Global Cloud Security and Vulnerability Management Market by Region
6.2 Global On-premise Security and Vulnerability Management Market by Region

Chapter 7. Global Security and Vulnerability Management Market by Enterprise Size
7.1 Global Large Enterprises Security and Vulnerability Management Market by Region
7.2 Global Small & Medium Enterprises Security and Vulnerability Management Market by Region

Chapter 8. Global Security and Vulnerability Management Market by End User
8.1 Global IT & Telecom Security and Vulnerability Management Market by Region
8.2 Global BFSI Security and Vulnerability Management Market by Region
8.3 Global Retail Security and Vulnerability Management Market by Region
8.4 Global Healthcare Security and Vulnerability Management Market by Region
8.5 Global Manufacturing Security and Vulnerability Management Market by Region
8.6 Global Energy & Utility Security and Vulnerability Management Market by Region
8.7 Global Others Security and Vulnerability Management Market by Region

Chapter 9. Global Security and Vulnerability Management Market by Region

Chapter 10. Company Profiles
10.1 Tenable, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.2 F-Secure Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.5.3 Acquisition and Mergers:
10.3 Skybox Security, Inc.
10.3.1 Company Overview
10.3.2 Recent strategies and developments:
10.3.2.1 Partnerships, Collaborations, and Agreements:
10.3.2.2 Product Launches and Product Expansions:
10.3.2.3 Geographical Expansions:
10.4 IBM Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional & Segmental Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments
10.4.5.1 Product Launches and Product Expansions:
10.4.5.2 Partnerships, Collaborations and Agreement:
10.4.6 SWOT Analysis
10.5 Qualys, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.5.5.3 Acquisition and Mergers:
10.6 Rapid7, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.5.2 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Check Point Software Technologies Ltd.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Acquisition and Mergers:
10.7.5.2 Partnerships, Collaborations, and Agreements:
10.7.6 SWOT Analysis
10.8 Digital Defense, Inc. (HelpSystems, LLC)
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.2.2 Product Launches and Product Expansions:
10.8.2.3 Acquisition and Mergers:
10.9 Tripwire Inc. (Belden, Inc.)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.9.5.2 Product Launches and Product Expansions:
10.10. AT&T Cybersecurity (AT&T, Inc.)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Acquisition and Mergers:
10.10.5.3 Product launches and Product Expansions:
10.10.6 SWOT Analysis

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