Kenneth Research, in its repository of market research reports, have recently added a report on the Vulnerability Scanner Software Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
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 Vulnerability Scanner Software 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.
A vulnerability scanner is a device or method used to search and test a machine, network, or program for identified vulnerabilities and threats. Enterprise systems are under pressure from a variety of challenges. In order to ensure the well-being of its employees the company, businesses must assure that their software are free from vulnerabilities that may be abused by criminals and disruptive people to the detriment of the organization. This has forced software service providers towards the development of more enhanced vulnerability scanner software in order to identify vulnerabilities such as exploits, flaws, security holes, insecure access entry points, and system misconfigurations. Market growth can be attributed to an increasing number of cyber-attacks, increasing cyber awareness across developing economies, and increasing regulatory compliance mandates across vertical organizations.
Moreover, the vulnerabilities found have risen by 200 percent in the last 4 years, with this figure on the rising, manual efforts to find such vulnerabilities have consistently ended in unsuccessful ways. According to the survey by Juniper Research in 2018, computer criminals will hack 33 billion documents by 2023.Further, as more enterprise technology is linked, statistics from Juniper Research indicate that cybercrime would cost companies more than USD 2 trillion in total in 2019. Further adding to this, in 2018 hackers stole half a billion personal records. This was a 126% jump from 2017. Since 2013 there are approximately 3,809,448 records stolen from breaches every day.
The regional analysis of global Vulnerability Scanner Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific (APAC) includes industrialized and emerging economies such as Australia, South Korea, Japan, India, Hong Kong and others with existing network networks. Countries throughout the region are filled with a growing number of small and medium-sized enterprises (SMEs). However, the large costs associated with the effective execution of innovative protection programs prevent small and medium-sized businesses from implementing good compliance and risk management activities.
Major market player included in this report are:
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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:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031
Target Audience of the Global Vulnerability Scanner Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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