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Global Security and Vulnerability Management Market 2021 analysis with Key Players, Applications, Trends and Forecasts

Security and Vulnerability Management

The report focuses on the favorable Global “Security and Vulnerability Management market” and its expanding nature. The Security and Vulnerability Management market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The security and vulnerability management market is expected to register a CAGR of 10%, over the forecast period (2019-2024). As the current cybersecurity threat landscape is uniformly evolving, organizations need to be proactive in their threat and vulnerability management efforts. The efficiency of vulnerability management depends on the organization’s ability to keep up with current security threats and trends.
  • – Recent security attacks have increased the need for a robust cybersecurity management system, which is centered around a tough policy and applies many technologies to achieve defense in depth.
  • – Coupled with rapid growth in the number of cyber attacks, the demand for strict acquiescence and security packages to protect confidential data across different verticals, such as government, banking, retail, manufacturing, among others is increasing and is expected to drive the growth of the market over the forecast period.
  • – Data breaches result in increased costs for preventive measures to manage the impact of theft and loss of valuable customer information. Owing to such factor the market has garnered the demand due to increasing awareness among the users.

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    Key Manufacturers

  • IBM Corporation
  • Qualys Inc.
  • Hewlett Packard Enterprise Company
  • Dell EMC
  • Tripwire Inc.
  • Symantec Corporation
  • McAfee Inc.
  • Micro Focus International PLC
  • Rapid7 Inc.
  • Fujitsu Limited
  • Alien Vault Inc.
  • Skybox Security Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Security and Vulnerability Management market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Security and Vulnerability Management market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Security and Vulnerability Management market have also been involved in the study.

    Scope of the Report:

  • Security and vulnerability management is the practice of identifying, classifying, and mitigating vulnerabilities in networking software or hardware. It has become an integral part of an enterprise’s security in recent years. The vulnerability management utilizes technology that seeks out security flaws and tests systems for weak points, allowing the clients to identify and quantify where the network is at risk and to prevent unnecessary weak points. These factors are expected to increase the demand for these solutions.
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    TOC of Security and Vulnerability Management Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Security and Vulnerability Management market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Security and Vulnerability Management Market Report Covered:

    • The report analyses how Security and Vulnerability Management market will grow in the future.
    • Analyzing various perspectives of the Security and Vulnerability Management market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Security and Vulnerability Management market shares and policies employed by the major market players.
    • Competitive landscape including the Security and Vulnerability Management market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Security and Vulnerability Management market players

    Key Market Trends:

    BFSI Segment is Expected to Hold the Major Market Share

    – The BFSI sector faced with a number of data breaches and cyber attacks, owing to the large customer base that the industry serves. Data breaches result in the increased corrective measures costs and loss of valuable customer information. For instance, in the recent past, Taiwan’s Far Eastern International Bank incurred a loss of around 60 million by malware.
    – With the aim to secure the IT processes and systems, secure customer critical data and comply with government regulations, both private and public banking institutes are focused on implementing the latest technology to prevent cyber attacks.
    – The growing technological penetration coupled with digital channels, such as internet banking, mobile banking, becoming the preferred choice of customers for banking services, there is a greater need for banks to leverage advanced authentication and access control processes.

    Asia-Pacific is Expected to Grow at the Fastest Rate

    – Huge population base and accessibility to the internet has helped Asia-Pacific emerge as a market prone to cyber threats. Most of the countries in the region has not a very evolved cybersecurity regulations. For instance, Indonesia is a world leader in VPN usage, in terms of the present population with its application across the region. Further, the growing penetration of the internet has made it highly vulnerable to cyber attacks.
    – However, there remains a huge gap in cybercrime legislation compared to that in North America and , where the lack of awareness and knowledge of basic security make most of these online transactions highly susceptible to digital theft.
    – With large MNCs rushing to invest, the region is now witnessing increased spending in cybersecurity solutions, particularly in SMBs and large organizations. The businesses that have other MNCs as a part of the value chain has also assisted in the adoption in the region is expected to continue to drive the demand.

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    Study objectives of Security and Vulnerability Management Market Report:

    • To provide a detailed analysis of the market structure along with the Security and Vulnerability Management market forecast of various segments and sub-segments of the Security and Vulnerability Management market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Security and Vulnerability Management market trends that influence the global Security and Vulnerability Management market

    Detailed TOC of Security and Vulnerability Management Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Number of Cyber Attacks
    4.3.2 Growing Adoption of Cloud Computing by Enterprises
    4.4 Market Restraints
    4.4.1 Lack of Awareness Toward SVM Solutions
    4.4.2 Scalability and Deployment Costs
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Size of the Organization
    5.1.1 Small and Medium Enterprises
    5.1.2 Large Enterprises
    5.2 By End-user Vertical
    5.2.1 Aerospace, Defense, and Intelligence
    5.2.2 BFSI
    5.2.3 Healthcare
    5.2.4 Manufacturing
    5.2.5 Retail
    5.2.6 IT & Telecommunication
    5.2.7 Other End-user Verticals
    5.3 Geography
    5.3.1 North America
    5.3.2
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Qualys Inc.
    6.1.3 Hewlett Packard Enterprise Company
    6.1.4 Dell EMC
    6.1.5 Tripwire Inc.
    6.1.6 Symantec Corporation
    6.1.7 McAfee Inc.
    6.1.8 Micro Focus International PLC
    6.1.9 Rapid7 Inc.
    6.1.10 Fujitsu Limited
    6.1.11 Alien Vault Inc.
    6.1.12 Skybox Security Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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