Dublin, Nov. 30, 2018 (GLOBE NEWSWIRE) -- The "Global Security & Vulnerability Management Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global security & vulnerability management market is expected to witness a growth of 9.3% CAGR during the forecast period to reach US$ 13,674.5 Mn by 2026. The growth is mainly credited to the increase in cyber-attacks due to which there is a continuous demand for proficient cyber security solutions.
Increasing penetration and substantial move towards cloud computing is another prominent driver facilitating the growth of security & vulnerability management market across the globe. As rising complexity of new threats is escalating, need for developing more robust cyber-security frameworks also intensifying. Moreover, the efficacy of managing vulnerabilities depends on the organizations' ability to keep up with the current security threats and trends.
Organizations are required to be proactive in their vulnerability management efforts. With the accelerating growth in cybercrime incidences, there is an increasing demand for strict acquiescence in order to protect confidential data across different sectors including banking, healthcare, government, and retail that is expected to enhance the growth prospects of security & vulnerability management market during the forecast period from 2018 to 2026.
Based on offerings, software lions' share in the security & vulnerability management market. Growth of this segment primarily backed by the rising need of several organizations for identifying threats and testing network security.
Further, based on end-use vertical, banking, financial services and insurance (BFSI) segment dominated the security & vulnerability market in 2017. The banking, financial services and insurance sector is the one that is prone to several cyber-attacks and data breaches due to the large number of customer base the sector serves. Advancements in various online and internet banking solutions are further estimated to increase the frequency of security vulnerabilities, thereby enhancing the market growth.
Based on geography, North America held the largest market share for security & vulnerability management market in 2017. Growth in this region is mainly due to the government regulations and policies that have forced companies to opt for extensive implementation of security & vulnerability management.
Major and established players identified in the global security & vulnerability management market include AlienVault, Inc., Dell EMC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, McAfee, LLC, Micro Focus Corporation, Microsoft Corporation, Qualys, Inc., Rapid7, Inc., Skybox Security, Inc., Tenable, Inc., Symantec Corporation, and Tripwire, Inc. among others.
The security & vulnerability management market is fragmented owing to the presence of regional as well as international tech giants. These players are focused on the adoption of several strategies such as mergers and acquisitions, partnerships and new product developments in order to serve the market as well as maintain their competitive edge over other players.
For instance, in September 2017, Skybox Security, Inc. expanded its cloud security management solution product portfolio with the launch of threat centric vulnerability management software.
Key Topics Covered
1. Preface
1.1. Report Scope and Description
1.2. Research Scope
1.3. Research Methodology
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Security & Vulnerability Management Market
2.2. Global Security & Vulnerability Management Market, by Offerings, 2017 (US$ Mn)
2.3. Global Security & Vulnerability Management Market, by End-use Vertical, 2017 (US$ Mn)
2.4. Global Security & Vulnerability Management Market, by Geography, 2017 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.3. See-Saw Analysis
3.4. Attractive Investment Proposition, by Geography, 2017
3.5. Market Positioning of Key Players, 2017
4. Global Security & Vulnerability Management Market Value, by Offerings , 2016 - 2026 (US$ Mn)
4.1. Overview
4.2. Software
4.3. Services
5. Global Security & Vulnerability Management Market Value, by End-use Vertical , 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Banking, Financial Services & Insurance (BFSI)
5.3. Government & Defense
5.4. Healthcare
5.5. IT & Telecom
5.6. Retail
5.7. Others (Energy and Utilities, Manufacturing, etc.)
6. North America Security & Vulnerability Management Market Analysis, 2016 - 2026 (US$ Mn)
7. Europe Security & Vulnerability Management Market Analysis, 2016 - 2026 (US$ Mn)
8. Asia Pacific Security & Vulnerability Management Market Analysis, 2016 - 2026 (US$ Mn)
9. Rest of the World Security & Vulnerability Management Market Analysis, 2016 - 2026 (US$ Mn)
10. Company Profiles
10.1. AlienVault Inc.
10.2. Dell EMC
10.3. Hewlett Packard Enterprise Development LP
10.4. International Business Machines Corporation
10.5. McAfee LLC
10.6. Micro Focus Corporation
10.7. Microsoft Corporation
10.8. Qualys Inc.
10.9. Rapid7 Inc.
10.10. Skybox Security Inc.
10.11. Tenable Inc.
10.12. Symantec Corporation
10.13. Tripwire Inc.
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