Security and Vulnerability Management Market Expected to Achieve 11% CAGR by 2029: Growth Forecast Insights

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How Large Will the Security and Vulnerability Management Market Size By 2025?
Over the years, there has been a steady growth in the market size of security and vulnerability management. The market size is set to increase from $13.98 billion in 2024 to $14.53 billion in 2025, representing a compound annual growth rate (CAGR) of 4.0%. The historical period growth could be ascribed to factors such as early cyber threats, regulatory initiatives, augmenting network complexity, expansion of the Internet, the drift to digital businesses, and incidents of data breaches.

How Big Is the Security and Vulnerability Management Market Size Expected to Grow by 2029?
In the coming years, the market size for security and vulnerability management is predicted to experience substantial growth, reaching a valuation of $22.05 billion in 2029, with a compound annual growth rate (CAGR) of 11.0%. Several factors contributing to this projected growth during the forecast period include a dearth of cybersecurity talent, the adoption of zero trust, the evolution of ransomware, concerns regarding supply chain security, and advancements in artificial intelligence and automation. The period of estimate will also witness several key trends, such as a widening gap in cybersecurity skills, increased complexity in cyber threats, compliance with regulatory requirements, changes in the dynamics of remote work, the migration to cloud, and expansion of IoT.

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Which Key Market Drivers Powering Security and Vulnerability Management Market Expansion and Growth?
The advancement of the security and vulnerability management market is predicted to be significantly fuelled by the increasing application of cloud computing. Essentially, cloud computing represents a pay-per-use method for accessing a wide array of computing services such as data storage and applications via the internet, eliminating the need for businesses to own and maintain hard infrastructure. This technology continues to gain traction owing to its many advantages such as scalability, cost-efficiency, flexibility, and access to robust resources without the need for physical investment. It proves quite valuable in security and vulnerability management, allowing the use of scalable tools and services that can monitor, detect, and react to threats and vulnerabilities in a virtually real-time environment. To quote an example, as per the facts shared by the European Commission, a Belgian government agency, in April 2024, 77.6% of large enterprises reported using cloud services in 2023, marking a growth of 6 percentage points from 2021. Similarly, the adoption of cloud services by medium-sized enterprises grew from 53% in 2021 to 59% in 2023. Small businesses also noted a jump of 3.8%, taking their cloud services utilization to 41.7% during the same period. Consequently, it is clear that the growing adoption of cloud computing is a significant driver of growth in the security and vulnerability management market.

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Which Fast-Growing Trends Are Poised to Disrupt the Security and Vulnerability Management Market?
Emerging trends in the security and vulnerability market point to technological innovations playing a pivotal role. Several leading organizations within this sector are prioritizing the development of groundbreaking products and applications to solidify their market standing. For instance, New Relic, an observability firm from the US, launched the New Relic Vulnerability Management in May 2022. This tool assists organizations in identifying and taking care of security threats in a more efficient and accurate manner. In order to holistically manage risk and security, all software team members, inclusive of security engineers, can utilize New Relic as a go-to platform for converging native and third-party security signals across the entire software stack. By employing mappings and correlations, engineers have the capability to observe, rectify and strengthen the entire software stack more efficiently, thereby limiting overall risk.

What Are the Emerging Segments in the Security and Vulnerability Management Market?
The security and vulnerability management market covered in this report is segmented -

1) By Component: Software, Services
2) By Organization Size: Small and Medium Scale, Large Scale
3) By Target: Content Management System Vulnerabilities, API Vulnerabilities, Internet of Things (IoT) Vulnerabilities, Other Targets
4) By Application: Banking, Financial Services And Insurance (BFSI), Government and Defense, Healthcare, IT and Telecom, Retail, Other Applications

Subsegments:
1) By Software: Vulnerability Assessment Tools, Security Information And Event Management (SIEM) Software, Patch Management Solutions, Configuration Management Software, Threat Intelligence Platforms
2) By Services: Consulting Services, Managed Security Services, Incident Response Services, Security Training And Awareness Programs, Compliance Management Services

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Who Are the Global Leaders in the Security and Vulnerability Management Market?
Major companies operating in the security and vulnerability management market include Dell Technologies Inc., International Business Machines Corporation, Broadcom Inc., F-Secure Corporation, Fortinet Inc., Check Point Software Technologies Ltd., McAfee Inc., Proofpoint Inc., Rapid7 Inc., Qualys Inc., AT&T Cybersecurity Inc., Foreseeti AB, Positive Technologies Company, Tenable Inc., Claroty Ltd., Alert Logic Inc., Tripwire Inc., Skybox Security Inc., NetIQ Corporation, Expanse Inc., Outpost24 AB, Balbix Inc., Digital Defense Inc., SecPod Technologies Private Limited, Brinqa LLC, Holm Security AB, Acunetix Limited, RiskIQ Inc., Kenna Security Inc., Breachlock Inc.

Which are the Top Profitable Regional Markets for the Security and Vulnerability Management Industry?
North America was the largest region in the security and vulnerability management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security and vulnerability management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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