Security and Vulnerability Management Market 2018-2026 | Size, Share and Forecast | Credence Research
The global security and vulnerability management market is expected to witness a growth of 9.3% CAGR during the forecast period to reach US$ 13,674.5 Mn by 2026.
SANJOSE, United States – March 29, 2019 /MarketersMedia/ —
According to a new market report published by Credence Research, Inc., “Global Security and Vulnerability Management Market-Growth, Future Prospects, and Competitive Landscape, 2018–2026,” the global security and vulnerability management market is expected to grow by 9.3 percent CAGR over the forecast period to reach US$ 13,674.5 million by 2026.
Product Insights
Security and Vulnerability Management market is projected to show high growth, expanding at a CAGR of 9.3 percent over the forecast period. Growth is primarily credited to the increase in cyber-attacks as a result of which there is a continuous demand for skilled cybersecurity solutions. Increasing penetration and substantial move towards cloud computing is another prominent driver that facilitates the growth of the global security and vulnerability management market. As the complexity of new threats is escalating, the need to develop more robust cyber-security frameworks is also intensifying. In addition, the effectiveness of vulnerability management depends on the ability of organizations to keep up with current security threats and trends. Organizations need to be proactive in their efforts to manage vulnerability.
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With the accelerating growth in cybercrime incidences, there is an increasing demand for strict consent to protect confidential data across various sectors including banking, healthcare, government and retail, which is expected to enhance the growth prospects of the Security and Vulnerability Management market during the 2018-2026 forecast period. Based on offerings, the share of software lions in the market for security and vulnerability management. Growth in this segment is primarily supported by multiple organizations ‘ growing need to identify threats and test network security.
In addition, the Security and Vulnerability Market in 2017 was dominated by the end-use vertical, banking, financial services, and insurance (BFSI) segment. Because of the large number of customer base the sector serves, the banking, financial services, and insurance sector is the one that is prone to several cyber-attacks and data breaches. Advancements in multiple online and internet banking solutions are further estimated to increase the frequency of security vulnerabilities, thereby enhancing market growth. North America held the largest market share for security and vulnerability management in 2017 based on geography. Growth in this region is mainly due to government regulations and policies that have forced companies to opt for extensive security and vulnerability management implementation.
Competitive Insights:
AlienVault, Inc., Dell EMC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, McAfee, LLC, Micro Focus Corporation, Microsoft Corporation, Qualys, Inc., Rapid7, Inc., Skybox Security, Inc., Tenable, Inc., Symantec Corporation, and Tr The Security and Vulnerability Management market is fragmented due to the presence of regional as well as international tech giants. These players focus on adopting several strategies such as mergers and acquisitions, partnerships and new product developments to serve the market as well as maintain their competitive edge over other players.
For example, Skybox Security, Inc. expanded its product portfolio of cloud security management solutions with the launch of threat-centric vulnerability management software in September 2017. The vulnerability management solution is designed for multi-cloud and virtual cloud environments. It extends the capabilities for visibility of the attack surface, security policy management and analysis of the network path. With one platform, the Skybox Security Suite, it is beneficial for organizations to manage their daily security processes securely and consistently across the entire cloud or on-site network infrastructure.
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ToC:
1. Preface
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2. Executive Summary
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3. Market Dynamics
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4. Global Security & Vulnerability Management Market Value, by Offerings , 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Software
4.3. Services
5. Global Security & Vulnerability Management Market Value, by End-use Vertical , 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Banking, Financial Services & Insurance (BFSI)
5.3. Government & Defense
5.4. Healthcare
5.5. IT & Telecom
5.6. Retail
5.7. Others (Energy and Utilities, Manufacturing, etc.)
6. North America Security & Vulnerability Management Market Analysis, 2016 – 2026 (US$ Mn)
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7. Europe Security & Vulnerability Management Market Analysis, 2016 – 2026 (US$ Mn)
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8. Asia Pacific Security & Vulnerability Management Market Analysis, 2016 – 2026 (US$ Mn)
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9. Rest of the World Security & Vulnerability Management Market Analysis, 2016 – 2026 (US$ Mn)
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10. Company Profiles
10.1. AlienVault, Inc.
10.2. Dell EMC
10.3. Hewlett Packard Enterprise Development LP
10.4. International Business Machines Corporation
10.5. McAfee, LLC
10.6. Micro Focus Corporation
10.7. Microsoft Corporation
10.8. Qualys, Inc.
10.9. Rapid7, Inc.
10.10. Skybox Security, Inc.
10.11. Tenable, Inc.
10.12. Symantec Corporation
10.13. Tripwire, Inc.
………………………………..toc continued
Browse the full Global Security & Vulnerability Management Market – Growth, Future Prospects and Competitive Landscape, 2018 – 2026 report at https://www.credenceresearch.com/report/security-and-vulnerability-management-market
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