Security and Vulnerability Management Market: Industry Players to Show High Growth Rate by 2024

Global Security and Vulnerability Management Market: Overview

Protecting different types of information and confidential data is the security of that data, in terms of information technology. For this purpose, different technologies, training, and processes are used. If a software program allows an unauthorized user to access sensitive data without permission, then it is a drawback, which is known as the vulnerability. The practice of overcoming this drawback from the computerized digital technology is known as vulnerability management. The companies that are facing various vulnerabilities from different cyber threats to their network infrastructure are concerned about their security. The global cyber security market promises an encouraging trend in the security and vulnerability management market owing to the high investments.

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Global Security and Vulnerability Management Market: Segmentation

The global security and vulnerability management market are segmented into its verticals, end user, the solutions offered and the regions. On the basis of the verticals, the global security and vulnerability management market is categorized into retail, banking, and financial services, energy utilities, IT and telecom, government and healthcare. Based on the end-user, the global market for security and vulnerability management market is segregated into two parts small and medium enterprises and business. The solutions offered by the security and vulnerability management are device vulnerability, forensics investigation, policy and compliance, application vulnerability and the security information and event management. Region-wise, the security, and vulnerability management market is diversified into Asia Pacific, North America, Europe and the Rest of the World.

Global Security and Vulnerability Management Market: Growth Factors

The security and vulnerability management market is growing due to the fact that the rate at which the cyber threats and cyber crimes are increasing the risk related with it is also increasing. Thus, the organizations are implementing the security and vulnerability management in order to improve their security operations, threat intelligence, and their risk management. The market is making advancements as the IT organizations need to improve their security as they are using the third platform which consists of four pillars which include mobile, big data, social and cloud. In the recent years, the organizations are at a high risk of security breaches; hence, the use of automated vulnerability solution is increasing. The important two factors that have given rise to the demand of vulnerability management is the flaws in the designs of the network and the government imposed regulations, which have become mandatory. The other drivers for the security and vulnerability management market growth are the mobile device, software security vulnerability assessment, big data analytics and the cloud computing.

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Global Security and Vulnerability Management Market: Regional Analysis

The regions where the security and vulnerability market is diversified are Europe, Asia-Pacific, Latin America, North America and the Middle East and Africa. North America is the dominating region in the security and vulnerability management market owing to a large number of end-users present in this region. The government imposed regulations and policies have forced the organizations to extensively implement the security and vulnerability management. China and India are the major revenue generating countries in the Asia Pacific region.

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Global Security and Vulnerability Management Market: Competitive Players

The major market players in the security and vulnerability management market include Core Security, McAfee, Rapid7, Tripwire EMC, Tenable Network Security, Microsoft, Qualys, NetIQ, IBM, Alien Vault, Skybox Security, and Symantec.

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