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Top Factor Driving Patch Management Market Growth in 2025: Impact Of Cyber Threats On Patch Management Market Growth
Patch Management Market
The patch management market's growth is predicted to surge due to the escalating rate of cyber threats. Such threats, which are hazardous activities or occurrences that jeopardize the safety or accessibility of digital properties and information systems, are rising due to widespread connectivity and insufficient cognizance concerning cybersecurity dangers among individuals and institutions. Patch management helps minimize cyber threats by quickly addressing software flaws, preventing manipulation by cybercriminals, and augmenting cybersecurity resilience. For instance, the Department of Defence Australia, a governmental department in Australia, revealed in November 2023, that during the 2022-2023 fiscal year, the Australian Cyber Security Centre registered over 94,000 reports of cybercrime. This signified a 23 percent hike compared to the preceding year, 2021-22. Hence, the escalating rate of cyber threats is catalyzing the expansion of the patch management market.
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What is the projected compound annual growth rate (CAGR) of the patch management market from 2025 to 2034, and what factors influence it?
The industry for patch management has seen swift expansion in the past years. Its size, currently sitting at $0.86 billion in 2024, is expected to escalate to $0.98 billion by 2025, marking a CAGR of 14.6%. This significant surge during the historic period is a result of different factors, including an increased focus on software safety, heightened integration with vulnerability management, a booming adoption of cloud services, and the growing need to prioritize patches.
Anticipated to experience swift expansion in the upcoming years, the patch management market size is predicted to inflate to $1.67 billion by 2029, with a compound annual growth rate (CAGR) of 14.2%. This projected growth can be credited towards the escalation of remote working, the rising complexity of IT frameworks, unification with security orchestration podiums, and the thrust for hybrid deployment models. Dominant trends expected in the forecast window encompass security for IoT devices, predictive analytics, security in the supply chain, regulatory compliance, and zero-trust security.
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How are the latest trends influencing the growth of the patch management market?
Key players in the patch management markets are concentrated on producing cutting-edge technologies such as patch management tech for distributed control systems (DCS) to strengthen cybersecurity and improve operational efficacy in industrial automation landscapes. The patch management tech for DCS entails a methodical procedure of recognizing and implementing software patches and updates to safeguard and optimize the functioning of DCS systems. For example, Emerson Electric Co., a US manufacturing firm, introduced a comprehensive patch management system in January 2022 to boost cybersecurity on their DeltaV DCS by managing patches from Windows and McAfee. Administrators of these systems can promptly localize systems needing updates, view pertinent system impact data, and install patches singularly or across various devices. The aim of this technology is to simplify the patching procedure, minimize downtime expenses, and bolster overall cybersecurity standing by ensuring vital software remains current.
What are the major segments of the patch management market and their role in driving growth?
The patch management market covered in this report is segmented -
1) By Component: Software, Service
2) By Deployment: On-Premises, Cloud
3) By Enterprise Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By Vertical: Banking, Financial Services, And Insurance, Information Technology (IT) And Telecom, Healthcare, Government And Defense, Retail, Education, Other Verticals
Subsegments:
1) By Software: Patch Management Tools Or Platforms, Automated Patch Management Software, Security Patch Management Software
2) By Service: Managed Patch Management Services, Consulting And Advisory Services, Patch Testing And Implementation Services, Training And Support Services
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Which regions are key players in the growth of the patch management market?
North America was the largest region in the patch management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patch management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the patch management market?
Major companies operating in the patch management market are Microsoft Corporation, Dell Technologies Inc., International Business Machines Corporation, Cisco Systems, Broadcom Inc., VMware Inc., Gartner, Open Text Corporation, Micro Focus, BMC Software, Avast Software, SolarWinds Corporation, Progress Software Corporation, Ivanti, Freshworks Inc., Qualys Inc., ConnectWise Inc., Flexera, Kaseya Limited, HEAT Software, Automox Inc., GFI Software Ltd., Heimdal Security, SysAid Technologies Ltd., SecPod Technologies
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What Is Covered In The Patch Management Global Market Report?
•Market Size Forecast: Examine the patch management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the patch management market for a structured understanding.
•Key Players Overview: Analyze major players in the patch management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the patch management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the patch management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the patch management market.
•Industry Challenges: Identify potential risks and obstacles affecting the patch management market.
•Competitive Landscape: Review strategic developments in the patch management market, including expansions, agreements, and new product launches.
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