In a recently published report, Security and Vulnerability Management Marke report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Security and Vulnerability Management Marke products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Security and Vulnerability Management Market is valued approximately USD 12.00 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.50 % over the forecast period 2020-2027. Security and Vulnerability Management is used by the enterprises to minimize and monitor the security policy. Security and vulnerability management make security solutions cost-effective, easier and simple by increasing automation. Presently, security and vulnerability management has become a crucial aspect of the enterprise security. Comprised cyber security have acted as a key force, driving the global market. In order to safeguard their important data and information, enterprises are relying on efficient security and vulnerability management solution to improve risk management, data security and malware intelligence of their processes. The growth of the global security and vulnerability management is attributed due to the growth cyber attacks and growing security compromising issues faced by organizations.
For Instance: according to the report of the Data Breach Investigations Report in 2018, Verizon revealed that approximately 58% of all cyberattacks target small businesses as these organization has limited security budgets. Similarly, the U.S National Cyber Security Alliance reveals that, 60% of small companies are unable to sustain their business more than 6 months following a cyberattack. Security against cyber-attacks is an important element in ensuring that small & medium sized enterprises can protect and secure their data, economic interests, reputation and intellectual property. Thus, the adoption of security and vulnerability management solutions would increase thereby, its way for the growth of the market during the forecast period of 2020-2027. Also, the key players of global Security and Vulnerability Management market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. However, security breaches due to internal vulnerabilities is the major factor restraining the growth of global Security and Vulnerability Management market during the forecast period.
The regional analysis of global Security and Vulnerability Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to the huge presence of end-users along with the government policies that have forced businesses for the implementation of security and vulnerability management. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
IBM
AT&T
Qualys
Rapid7
Rsa
Mcafee
Acunetix
Skybox Security
Check Point
Brinqa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Target:
IoT vulnerabilities
API vulnerabilities
By Deployment Type:
Cloud
On-premises
By Organization Size:
Small and medium Enterprises
Large Enterprises
By Vertical:
Information
Finance and Insurance
Healthcare and Social Assistance
Retail Trade
Manufacturing
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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