Vulnerability Management Market - Driven by Rising Competition in Services Industry

Vulnerability is defined as the weaknesses in the software program that allows an unauthorized user to access the sensitive data or gain control over the data of authorized users. Vulnerability management is the practice of securing the confidential data by removing the weaknesses from the computerized digital technology.

The global market for vulnerability management is expected to reach USD 1,322.6 million by 2014, growing at a CAGR of 14.2%, driven by growing number of cyber threats and emergence of new form of threats. Vulnerability management is also witnessing incorporation of IPs and network firewalls with vulnerability assessment scanning for proactive defense. However, the major challenge to the growth of this industry is integration issues with previously installed systems.

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Worldwide, organizations are looking for advanced ways to secure their data and manage complex data center infrastructures. Need for faster employment of data-centers is currently driving the vulnerability management market. The ability of containerized data centers to offer flexible solutions is the major driver for the vulnerability management market. Reduction in cost of vulnerability management services and growing availability of service providers is expected to drive the market in the future.

Vulnerability management plays a key role in the telecom industry. The vulnerability management market for telecom service providers is expected to reach USD 183.2 million by 2014 due to the emergence of network specific attacks. Vulnerability management in the telecom service providers market is also helping in adoption of level scanning technique that helps to scan particular application and provide better solutions.

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Some of the major players dominating the vulnerability management market include Hewlett-Packard, McAfee, IBM Corp., Symantec, Qualys Inc., GFI Software, and others.

As hackers are shifting their focus from server-side vulnerabilities to client-side vulnerabilities, vendors are also expanding their product capabilities for applications such as databases, web applications, configurations among others. Novel technologies like cloud computing, bring-your-own-device (BYOD), and virtualization are helping in managing the sensitive data; however, it is also opening the door for new data security threats.

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