Vulnerability Management as a Service Market Size, Share, Growth Report 2022-2028| ServiceNow, Ivanti VMaaS, Asimily Insight

Market Overview:
Global Vulnerability Management as a Service Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

The capacity to conduct vulnerability scans on an environment is just the beginning of vulnerability management. Patch management and IT asset management (ITAM) are included, and automation and remediation are increasingly included as well. The objective of vulnerability management is to quickly address environmental vulnerabilities through remediation, mitigation, or eradication. The procedure could seem overwhelming. Although vulnerability management tools can be useful, it can still take a long time to detect, fix, and test vulnerabilities. Vulnerability management-as-a-service is one automated solution that is becoming more and more common that can help with this. Only a small number of the 20,000 or more new software and hardware vulnerabilities that are discovered each year are actually actively exploited. IT security teams are responsible for identifying these vulnerabilities in their organization and prioritizing them.

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Market Dynamics:
Driver:
The market for security and vulnerability management is being driven by a number of key factors, including an increase in vulnerabilities worldwide, significant financial losses from a lack of security and vulnerability management solutions, strict regulatory requirements and data privacy compliances, a surge in IoT and cloud adoption, and the incorporation of cutting-edge technologies like AI and ML with security and vulnerability management solutions.

Opportunities:
The integration of AI and ML in vulnerability management helps IT experts by providing them with in-depth risk insights based on the most important and real vulnerabilities. In order to reduce the likelihood of data breaches, the AI platform combined with the security and vulnerability management platform enables speedy vulnerability remediation based on real-time and predictive threat intelligence evaluation. Tenable's solutions additionally offer a 360-degree view of the risk attack surface through a single console with AI-derived risk and contextual data.

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Segmentation Analysis of the Vulnerability Management as a Service Market

By Type
• Software
• Solution

By End Users
• BFSI
• IT & Telecommunication
• Healthcare
• Others

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Regional Analysis In Vulnerability Management as a Service (VMaaS) Market

During the forecast period, Asia Pacific is anticipated to have the highest CAGR in the worldwide security and vulnerability management market due to its advanced and dynamic adoption of new technologies. During the forecast period, the APAC market for security and vulnerability management is anticipated to develop at the highest CAGR. APAC nations are spending more money on security and vulnerability management initiatives. The area includes developing nations like South Korea, Australia, and the rest of APAC. Security and fraud issues have grown as sophisticated technologies have proliferated in the APAC area. Due to the rising threat of spear phishing, malware, ransomware, and BEC attacks, APAC is anticipated to increase its security investment. Security and vulnerability management technologies are being adopted by businesses in the APAC area. Due to the constantly evolving threat landscape in the region, APAC spends a lot on security.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In Vulnerability Management as a Service (VMaaS) Market
• Ivanti VMaaS
• ServiceNow
• Syxsense Active Secure
• Flexera Software Vulnerability Management
• Asimily Insight
• Rapid7 MVM
• Qualys VMDR
• Crowdstrike Falcon Spotlight
• Buchanan Technologies
• CGI UK
• Citadel
• CSW
• Datashield
• Dimension Data
• GoSecure
• GuidePoint Security
• IBM
• Ingram Micro
• Kontex Security
• NTT
• Optiv
• SecurityHQ
• Stratejm, and Other Major Players.

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Key Industry Development In The Vulnerability Management as a Service (VMaaS) Market
• In October 2022, the joint venture, PulseCheck, a cost-effective, fully managed, cloud-based Vulnerability Management as a Service (VMaaS) solution, has been launched by Datalock Consulting Group LLC and OPACC, Inc., two highly specialised consulting firms that offer advanced cyber advisory and security services to the Federal government and the private sector.
• In December 2021, A well-known company in the vulnerability management sector, Edgescan, recently unveiled the debut of its newly revamped website, which reflects its new corporate identity. The new website highlights its Smart Vulnerability Management solution and uses various images to demonstrate how it helps companies mitigate and fix issues across the complete stack.
• In March 2021, In a Series B fundraising round, Vulcan Cyber, a brand-new start-up that assists businesses in finding software vulnerabilities, raised US$ 21 million. With the help of these funding, the startup will launch Vulcan Free, a free risk-based vulnerability management platform for enterprise cyber risk management and detection.

Reasons To Buy Report
• The report offers in depth analysis of the market by providing the definition, application and classifications.
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• The offers comprehensive insights into current industry trends, trend forecast and growth drivers.
• The report provides a detailed overview of the vendor landscape, competitive analysis and key market strategies to gain competitive landscape.

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