The security and vulnerability management market are expected to surpass US$ 9342.9 million by 2034, up from US$ 3070.7 million in 2024. From 2024 to 2034, the security and vulnerability management market revenue are projected to flourish at a CAGR of 11.8%.
A key trend advancing the security and vulnerability management industry is the rising frequency of data breaches and worldwide cyberattacks. The vulnerability management solutions market has the potential to expand due to rising investments in AI-enabled solutions and the growth of the BFSI and healthcare sectors.
The security and vulnerability management solutions and service market thrives because of strict government data protection and cybersecurity rules. The integration of contemporary technologies like cloud storage, data analytics tools, AI, and ML is likely to open up market opportunities of security and vulnerability management.
Attributes | Details |
---|---|
Market Value for 2024 | US$ 3070.7 million |
Market Value for 2034 | US$ 9342.9 million |
Market CAGR from 2024 to 2034 | 11.8% |
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Attributes | Details |
---|---|
Market Value for 2019 | US$ 1934.2 million |
Market Value for 2023 | US$ 2786.9 million |
Market CAGR from 2019 to 2023 | 9.6% |
The segmented security and vulnerability management market analysis included in the following subsection. Based on comprehensive studies, the security and vulnerability management software sector are leading the component category, and the security and vulnerability management for large enterprises segment is commanding the enterprise type category.
Segment | Security and Vulnerability Management Software |
---|---|
Share (2024) | 74.2% |
Segment | Security and Vulnerability Management for Large Enterprises |
---|---|
Share (2024) | 40.6% |
The security and vulnerability management market can be observed in the subsequent tables, which focus on the leading economies in the Germany, Japan, China, the United States, and Australia. A comprehensive evaluation demonstrates that Australia has enormous market opportunities of security and vulnerability management.
Country | Australia |
---|---|
CAGR (2024 to 2034) | 15.3% |
Nation | China |
---|---|
CAGR (2024 to 2034) | 12.3% |
Nation | United States |
---|---|
CAGR (2024 to 2034) | 8.6% |
Nation | Germany |
---|---|
CAGR (2024 to 2034) | 7.2% |
Nation | Japan |
---|---|
CAGR (2024 to 2034) | 6.5% |
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The market has fierce competition, with major security and vulnerability management vendors vying for supremacy. Leaders in the field include well-known security and vulnerability management providers like Symantec Corporation, IBM Corporation, and Micro Focus, all of whom use their knowledge to offer strong security solutions. Rapid7 Inc. and Qualys Inc. always innovate to tackle new threats and weaknesses.
On the other hand, Tenable Inc. and Trend Micro Inc. support a broad spectrum of businesses and use cases with their all-inclusive security services, which support the security and vulnerability management industry.
McAfee LLC and Tripwire Inc. diversify the security incident and event management market by bringing their distinct advantages to the table. RSA Security LLC (Dell EMC) is a major player that pools its resources and expertise to provide innovative security solutions.
These major cybersecurity risk management providers invest in ongoing innovation and strategic collaborations as the competition heats up to maintain their lead in the quickly changing security field.
Their differentiation in the vulnerability assessment tools market emerges from their customer-centric approaches and emphasis on delivering value-added services.
These security information and event management (SIEM) suppliers continue to play a critical role in protecting enterprises against emerging threats, influencing the direction of security and vulnerability management in light of the growing significance of cybersecurity.
Noteworthy Advancements
Company | Details |
---|---|
BackBox Software Inc. | BackBox Software Inc. introduced the Network Vulnerability Manager service in October 2023 to improve network automation. This new service provides an all-inclusive approach to managing vulnerabilities inside network infrastructures and helps users with network automation. |
Hackuity | Hackuity released version 2.0 of their intelligent risk-based vulnerability management software in October 2023. The next-generation platform, version 2.0, offers significant improvements to help firms manage risks. The updated version gives companies a quantifiable True Risk Score (TRS) by fusing threat intelligence, vulnerability severity, and distinct business context. |
Google LLC | Google LLC started the Hacking Policy Council program in April 2023 to improve vulnerability management. Intel, Bugcrowd, Intigriti, HackerOne, and Luta Security are working with the Hacking Policy Council to improve vulnerability management procedures. |
Honeywell | In November 2022, Honeywell announced that its new operational technology (OT) cybersecurity solutions are now available to assist clients in safeguarding the reliability, availability, and safety of their industrial control systems and operations. The tools, which come with a new Advanced Monitoring and Incident Response (AMIR) dashboard and an enhanced Cyber App Control dashboard, are designed to provide businesses with round-the-clock intelligent threat detection across the expanding attack surface of their industrial control systems (ICS). |
Israeli government | The Israeli government stated in February 2022 that it would join the American Development Bank and provide USD 2 million to this region's cybersecurity skills to launch a new cybersecurity project in the Caribbean and Latin America. |
The cybersecurity risk management market to secure a valuation US$ 3070.7 million in 2024.
The threat intelligence solutions market is estimated to attain US$ 9342.9 million by 2034.
Through 2034, the vulnerability assessment tools industry is predicted to thrive at a 11.8% CAGR.
From 2019 to 2023, the patch management software market registered a 9.6% HCAGR.
The security and vulnerability management for large enterprises segment is set to achieve a market share of 40.60% in 2024.
A 74.20% market share is expected for the security and vulnerability management software sector in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034
5.3.1. Software
5.3.2. Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Enterprise Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Type, 2024 to 2034
6.3.1. Small Enterprises
6.3.2. Medium Enterprises
6.3.3. Large Enterprises
6.4. Y-o-Y Growth Trend Analysis By Enterprise Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Enterprise Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vertical
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2024 to 2034
7.3.1. IT and Telecom
7.3.2. Retail
7.3.3. Government
7.3.4. BFSI
7.3.5. Healthcare
7.3.6. Utility
7.3.7. Defence
7.3.8. Others
7.4. Y-o-Y Growth Trend Analysis By Vertical, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Vertical, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Component
9.2.3. By Enterprise Type
9.2.4. By Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Enterprise Type
9.3.4. By Vertical
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Component
10.2.3. By Enterprise Type
10.2.4. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Enterprise Type
10.3.4. By Vertical
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Component
11.2.3. By Enterprise Type
11.2.4. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Enterprise Type
11.3.4. By Vertical
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Component
12.2.3. By Enterprise Type
12.2.4. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Enterprise Type
12.3.4. By Vertical
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Component
13.2.3. By Enterprise Type
13.2.4. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Enterprise Type
13.3.4. By Vertical
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Component
14.2.3. By Enterprise Type
14.2.4. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Enterprise Type
14.3.4. By Vertical
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Component
15.2.3. By Enterprise Type
15.2.4. By Vertical
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Enterprise Type
15.3.4. By Vertical
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Market Share Analysis, 2023
16.1.1.1. By Component
16.1.1.2. By Enterprise Type
16.1.1.3. By Vertical
16.2. Canada
16.2.1. Market Share Analysis, 2023
16.2.1.1. By Component
16.2.1.2. By Enterprise Type
16.2.1.3. By Vertical
16.3. Brazil
16.3.1. Market Share Analysis, 2023
16.3.1.1. By Component
16.3.1.2. By Enterprise Type
16.3.1.3. By Vertical
16.4. Mexico
16.4.1. Market Share Analysis, 2023
16.4.1.1. By Component
16.4.1.2. By Enterprise Type
16.4.1.3. By Vertical
16.5. Germany
16.5.1. Market Share Analysis, 2023
16.5.1.1. By Component
16.5.1.2. By Enterprise Type
16.5.1.3. By Vertical
16.6. UK
16.6.1. Market Share Analysis, 2023
16.6.1.1. By Component
16.6.1.2. By Enterprise Type
16.6.1.3. By Vertical
16.7. France
16.7.1. Market Share Analysis, 2023
16.7.1.1. By Component
16.7.1.2. By Enterprise Type
16.7.1.3. By Vertical
16.8. Spain
16.8.1. Market Share Analysis, 2023
16.8.1.1. By Component
16.8.1.2. By Enterprise Type
16.8.1.3. By Vertical
16.9. Italy
16.9.1. Market Share Analysis, 2023
16.9.1.1. By Component
16.9.1.2. By Enterprise Type
16.9.1.3. By Vertical
16.10. Poland
16.10.1. Market Share Analysis, 2023
16.10.1.1. By Component
16.10.1.2. By Enterprise Type
16.10.1.3. By Vertical
16.11. Russia
16.11.1. Market Share Analysis, 2023
16.11.1.1. By Component
16.11.1.2. By Enterprise Type
16.11.1.3. By Vertical
16.12. Czech Republic
16.12.1. Market Share Analysis, 2023
16.12.1.1. By Component
16.12.1.2. By Enterprise Type
16.12.1.3. By Vertical
16.13. Romania
16.13.1. Market Share Analysis, 2023
16.13.1.1. By Component
16.13.1.2. By Enterprise Type
16.13.1.3. By Vertical
16.14. India
16.14.1. Market Share Analysis, 2023
16.14.1.1. By Component
16.14.1.2. By Enterprise Type
16.14.1.3. By Vertical
16.15. Bangladesh
16.15.1. Market Share Analysis, 2023
16.15.1.1. By Component
16.15.1.2. By Enterprise Type
16.15.1.3. By Vertical
16.16. Australia
16.16.1. Market Share Analysis, 2023
16.16.1.1. By Component
16.16.1.2. By Enterprise Type
16.16.1.3. By Vertical
16.17. New Zealand
16.17.1. Market Share Analysis, 2023
16.17.1.1. By Component
16.17.1.2. By Enterprise Type
16.17.1.3. By Vertical
16.18. China
16.18.1. Market Share Analysis, 2023
16.18.1.1. By Component
16.18.1.2. By Enterprise Type
16.18.1.3. By Vertical
16.19. Japan
16.19.1. Market Share Analysis, 2023
16.19.1.1. By Component
16.19.1.2. By Enterprise Type
16.19.1.3. By Vertical
16.20. South Korea
16.20.1. Market Share Analysis, 2023
16.20.1.1. By Component
16.20.1.2. By Enterprise Type
16.20.1.3. By Vertical
16.21. GCC Countries
16.21.1. Market Share Analysis, 2023
16.21.1.1. By Component
16.21.1.2. By Enterprise Type
16.21.1.3. By Vertical
16.22. South Africa
16.22.1. Market Share Analysis, 2023
16.22.1.1. By Component
16.22.1.2. By Enterprise Type
16.22.1.3. By Vertical
16.23. Israel
16.23.1. Market Share Analysis, 2023
16.23.1.1. By Component
16.23.1.2. By Enterprise Type
16.23.1.3. By Vertical
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Component
17.3.3. By Enterprise Type
17.3.4. By Vertical
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. IBM Corporation
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Micro Focus
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Symantec Corporation
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Rapid7 Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Qualys Inc.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Trend Micro Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Tenable Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. McAfee LLC
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Tripwire Inc.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. RSA Security LLC (Dell EMC)
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
Technology
May 2022
REP-GB-14733
342 pages
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