Research Nester assesses the growth and market size of the global vulnerability management market which is anticipated to be on account of the frequency and complexity of cyberattacks.
Research Nester’s recent market research analysis on “Vulnerability Management Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global vulnerability management market in terms of market segmentation by component, organization, deployment model, end user, and by region.
Rapid Growth of Cloud Adoption and IoT to Promote Global Market Share of Vulnerability Management
The rapid adoption of cloud technologies and the proliferation of IoT devices have created a more complex and diverse threat landscape. Many enterprises are adopting hybrid or multi-cloud strategies, integrating both on-premise and cloud-based resources. This creates complex environments that demand sophisticated vulnerability management to ensure security across all platforms. Also, the adoption of DevOps and continuous integration/continuous deployment (CI/CD) practices in cloud environments accelerates the software release. As of 2024, 77% of enterprises deploy software using DevOps. Vulnerability management solutions are critical for ensuring that security is maintained throughout rapid development cycles.
The rise of IoT devices, which often lack robust security measures, has made them prime targets for botnets. A botnet is a sizable set of devices that are taken over by a single attacker or group of attackers. Botnet attacks such as ad fraud have shown how easily IoT devices can be infected and used to launch massive Distributed Denial of Service (DDoS) attacks. About 31% of iOS app and 25% of Android app installs are fraudulent. The total cost of ad fraud in 2022 was around USD 80 billion with Asia Pacific being the most affected region. Vulnerability management tools are essential for monitoring and securing IoT environments, and detecting weak points that can be exploited by botnets.
Some of the major growth factors and challenges that are associated with the growth of the global vulnerability management market are:
Growth Drivers:
· Remote work and BYOD policies
· Advanced threat detection and remediation
Challenges:
Implementing a comprehensive vulnerability management system can be expensive, especially for small and medium-sized businesses. The costs associated with purchasing software licenses, training staff, and integrating tools into existing systems can be prohibitive. Moreover, vulnerability management requires continuous monitoring, regular patching, and updates. For many organizations, the costs of ongoing maintenance, especially for cloud or hybrid environments, can be a significant burden.
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By component, the global vulnerability management market is segmented into solutions and services. The solutions segment is estimated to hold the dominant market share of 70.2% by the end of 2037. The solutions segment is playing a critical role in driving the growth of the vulnerability management market. Factors such as increasing cybersecurity threats, the rise of cloud computing and IoT, regulatory compliance requirements, and the need for integrated security platforms are driving organizations to adopt advanced vulnerability management solutions.
By region, the Europe vulnerability management market is set to generate the highest revenue by the end of 2037. The market is witnessing significant growth, driven by an increasing emphasis on cybersecurity, stringent regulatory requirements, and the rise in cyber threats. Regulations such as the General Data Protection Regulation (GDPR) and the forthcoming EU Cyber Resilience Act are critical drivers, requiring companies to proactively manage and report vulnerabilities, thus fostering demand for VM solutions.
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This report also provides the existing competitive scenario of some of the key players which includes Ivanti, McAfee, LLC, Microsoft Corporation, Rapid7, Tenable Inc., Fortra LLC, Qualys, Inc, IBM Corporation, and others.
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