Security and Vulnerability Management Market Size & Growth (2024), Evaluating Share, Leading Key Players, Outlook & Forecast – 2030

Security and Vulnerability Management Market Size & Growth (2024), Evaluating Share, Leading Key Players, Outlook & Forecast - 2030

“Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India).”
Security and Vulnerability Management Market by Software (Vulnerability Scanner, Patch Management, SIEM, Risk assessment, Threat Intelligence), Type (Network Security, Application Security, Endpoint Security, and Cloud Security) – Global Forecast to 2030.

The market for security and vulnerability management is anticipated to grow at a compound annual growth rate (CAGR) of 6.4% over the course of the forecast period, from USD 16.51 billion in 2024 to USD 24.04 billion by 2030. One major factor contributing to this trend is the abrupt increase in the use of third-party programs, which unintentionally create more attack surfaces and vulnerabilities for hackers to take advantage of. Because of this, there is an increased need for sophisticated security measures to protect a variety of application ecosystems. These include patch management, continuous monitoring, and cutting-edge technology.

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Based on the offerings, the solutions segment accounts for the largest market size during the forecast period.

According to PT Security, 98% of web applications are vulnerable to attacks resulting in malware, redirection to malicious websites, and more. This rising complexity of such cyber risks has spurred the demand for comprehensive security and vulnerability management solutions. The shift to cloud computing and remote work has amplified the demand for adaptive security tools, with AI-driven analytics and automation strengthening their role in security and vulnerability management. Furthermore, providers such as Microsoft, IBM, Qualys, Tenable, Rapid7, and CrowdStrike offering advanced security and vulnerability management solutions also contribute to position solutions as the largest market segment during the forecast period.

By the organization size segment, the SME segment is expected to grow at the highest CAGR during the forecast period.

The SME segment is expected to grow at the highest rate in the security and vulnerability management market due to increasing digital transformation, which exposes these businesses to heightened cyber threats. Most SMEs lack the resources and expertise of larger organizations, thus becoming vulnerable to cyber-attacks. Growing regulatory compliance requirements and the affordability of effective security solutions drive SMEs to invest in robust protection measures. As awareness about security risks grows, SMEs focus more on security investments, fueling rapid growth in this market segment.

By region, North America accounts for the largest market size during the forecast period.

North America is expected to hold the most significant security and vulnerability management market, driven by its advanced digital infrastructure and the increasing frequency of cyber threats. Cybersecurity technologies have a high adoption rate in the region, and many established vendors make it relatively easier for organizations to implement integrated security measures. Strict regulatory frameworks also make companies have stringent vulnerability management practices to comply with the regulatory requirements and strengthen their security posture. The rapid growth of cloud computing, IoT, and digital transformation agendas further propels the demand for advanced solutions, amplifying North America’s stronghold in this market.

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Unique Features in the Security and Vulnerability Management Market

The market for security and vulnerability management is unique in part because of the increasing application of machine learning and artificial intelligence (ML). These technologies analyze massive amounts of data in real time, which makes threat detection and response more effective.

Cloud-based security and vulnerability management solutions are becoming more and more common as more enterprises move to cloud environments. These solutions address the particular security issues presented by cloud platforms and provide scalable protection across hybrid and multi-cloud systems.

An additional important aspect of this industry is the implementation of a zero trust security system. The foundation of zero trust models is the idea that no system or user, inside or outside the network, can be taken for granted.

In-depth threat intelligence services are quickly becoming a crucial component of vulnerability and security management. These services help businesses keep ahead of cybercriminals by giving them actionable insights about new dangers.

Requirements for better security and vulnerability management are becoming more and more complex due to industry-specific standards, the CCPA, GDPR, and other regulations. Strict privacy and data protection laws must be followed by organizations, which makes the adoption of strong vulnerability management procedures essential.

Major Highlights of the Security and Vulnerability Management Market

Organizations are seeking more comprehensive security solutions due to the increasing sophistication and frequency of cyberattacks. With the increasing prevalence of remote work, cloud adoption, and third-party application usage, organizations are placing a higher priority on vulnerability management in order to quickly identify, stop, and neutralize any threats.

The landscape of security and vulnerability management is changing as a result of the integration of cutting-edge technologies like automation, machine learning, and artificial intelligence (AI). These technologies speed up reaction times, decrease the need for manual intervention, and improve danger detection capabilities.

The increasing adoption of cloud-based solutions by enterprises has made the security of these environments a top priority. For hybrid and multi-cloud infrastructures, cloud security solutions within the vulnerability management market provide scalable, adaptable protection.

Adoption of security and vulnerability management is significantly influenced by regulatory compliance. Numerous laws, such as the GDPR, CCPA, HIPAA, and industry-specific requirements, must be followed by businesses. Because of this, companies are putting in place increasingly complex security frameworks to manage vulnerabilities, assure compliance, and stay out of trouble.

Managing third-party risks is becoming an important problem for enterprises due to the increase in third-party apps and vendors. It is crucial to keep an eye on and reduce third-party risks because many cyberattacks originate from flaws in the systems of external partners.

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Top Companies in the Security and Vulnerability Management Market

The Security and vulnerability management market is led by some of the globally established players, such as Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), and ManageEngine (US). These market players have adopted various strategies including new product development, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the security and vulnerability management market. The market players leverage organic and inorganic strategies to expand globally by providing security and vulnerability management solutions.

Microsoft is a multinational technology company that generates revenue through different operations, including developing software, designing hardware, and selling online advertisements. Some of the products the company offers include operating systems, applications for servers, social productivity tools, and video games. It also provides various cloud services, which include Office 365, Dynamics CRM Online, Azure, and Skype. The Microsoft Defender Vulnerability Management solution offers the detection of vulnerabilities in all continuous, prioritization according to risks, and remediation tools across all platforms. The company serves its solutions and services in diversified industries such as financial services, energy and resources, healthcare, manufacturing, transportation, retail, defense, education, and telecommunications. Microsoft operates in over 100 countries across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Qualys offers cybersecurity solutions focusing on digital transformation, enhancing agility, optimizing business outcomes, and reducing operational costs. Qualys’ products include vulnerability management, policy compliance, web application scanning, continuous monitoring, and threat detection. It partners with leading cloud providers like AWS, Microsoft Azure, and Google Cloud Platform, as well as consulting firms such as Accenture and IBM. Qualys’ vulnerability management solutions include Enterprise TruRiskTM Platform, Web Application Scanning & API Security, TotalCloud, Vulnerability Management, Detection & Response, Patch Management, and CyberSecurity Asset Management.

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