Security and Vulnerability Management Market is estimated to value at US$ 4.2 billion by 2027, registering a CAGR of 11.3% during 2022 to 2027

The worldwide security and vulnerability management market is set to partake in a valuation of US$ 2.5 Bn in 2022, and is anticipated to flood at a CAGR of 11.3% to arrive at a total assets of US$ 4.2 Bn toward the finish of 2027.

In a different report titled "Security and Vulnerability Management Market: Global Industry Analysis (2013 - 2021) and Opportunity Assessment," Future Market Insights estimates that the global security and vulnerability management market will be worth US$ 2.5 billion in 2022 and US$ 4.2 billion by the end of 2027. (2022 - 2027).

The main driving elements behind this extension are concerted work with cloud industry experts and the enormous predictions for rising demand for cutting-edge security and vulnerability management solutions. The global market for security and vulnerability management is segmented by regions, segments, endeavour kinds, and verticals in this analysis.

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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: Key Players

Some of the significant players operating in the global security and vulnerability management market are IBM Corporation, Micro Focus, Symantec Corporation, Rapid7, Inc., Qualys, Inc., Trend Micro, Inc., Tenable, Inc., McAfee LLC, Tripwire, Inc., and RSA Security LLC (Dell EMC).

Key Segments of Security and Vulnerability Management Industry Survey

Security and Vulnerability Management Market by Component:

Security and Vulnerability Management Software
Security and Vulnerability Management Services

Security and Vulnerability Management Market by Enterprise Type:

Security and Vulnerability Management for Small Enterprises
Security and Vulnerability Management for Medium Enterprises
Security and Vulnerability Management for Large Enterprises

Security and Vulnerability Management Market by Vertical:

Security and Vulnerability Management in IT and Telecom
Security and Vulnerability Management in Retail
Security and Vulnerability Management in Government
Security and Vulnerability Management in BFSI
Others

Security and Vulnerability Management Market by Region:

North America Security and Vulnerability Management Market
Latin America Security and Vulnerability Management Market
Europe Security and Vulnerability Management Market
East Asia Security and Vulnerability Management Market

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.