The globalsecurity and vulnerability management market size is expected to grow from USD12.5 billion in 2020 to USD 15.5 billion by 2025, at a Compound Annual GrowthRate (CAGR) of 4.5% during the forecast period. Security and vulnerabilitymanagement solutions can be deployed on-premises as well as on the cloud, asper business requirements. The on-premises deployment mode allows organizationsto control all the systems and data. Still, they also must pay the cost forhardware, software, and other resources used for its maintenance. It alsorestricts the storage capacity that is needed to maintain new functionalitiesand technologies. Cloud-based deployment benefits organizations with increasedscalability, speed, 24/7 services, and improved Information Technology (IT)security. The demand for Software-as-a-Service (SaaS)-based security solutionsis rapidly growing, as the central delivery model meets the IT security needs.Owing to the increasing number of applications being deployed over the cloud, thereis a shift from traditional on-premises security and vulnerability managementsolutions to cloud-based security and vulnerability management solutions acrosslarge enterprises and Small and Medium-sized Enterprises (SMEs).
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Bytarget, the content management system vulnerabilities segment to hold thelargest market size in 2020
Contentmanagement systems are typically used to define, source, integrate, store, andeffectively retrieve and reconcile massive amounts of documents. Contentmanagement system vulnerabilities are being exposed increasingly toexploitations due to the growing traction of these systems used across largeenterprises to manage their voluminous content daily. On the other hand, thegrowth of digitalization, eCommerce, Bring Your Own Device (BYOD), and WorkFrom Home (WFH) practices have increased the amount of content generated ininter- and intra-organizations. The advent of globalization and the internetage has made the world a smaller place and has given rise to digitalenterprises. The content generated can be regarded as the backbone of thisdigital transformation. These trends are expected to spur the adoption ofsecurity and vulnerability management solutions and services over the forecastyears.
Bydeployment mode, the cloud segment to grow at a higher rate during the forecastperiod
Thecloud-based deployment mode provides organizations with benefits, such asincreased scalability, speed, 24/7 services, and improved IT security. Thedemand for Software as a Service (SaaS)-based security solutions is rapidlyincreasing, as the central delivery model meets IT security needs. Thecost-effectiveness and scalability of the cloud deployment mode are expected toboost cloud-based security and vulnerability management solutions. Owing to theincreasing number of applications being deployed in the cloud, there is a shiftfrom the traditional on-premises security and vulnerability managementsolutions to cloud-based security and vulnerability management solutions acrosslarge enterprises and Small and Medium-sized Enterprises (SMEs).
NorthAmerica to dominate the market during the forecast period
The deeppenetration of internet applications and the rise in the number of vulnerabledevices in North America gives rise to different vulnerabilities causingmiscellaneous ransomware attacks. This is evident from the fact that the HIMSSHealthcare and Cross-Sector Cybersecurity report, published in 2018, identifiedflaws with Intel Central Processing Unit (CPU) hardware making it vulnerable toside-channel attacks. To curb financial losses due to these vulnerabilities,organizations in this region are implementing security and vulnerabilitymanagement solutions, which would drive the markets growth.
MarketPlayers
The majorvendors covered in the global security and vulnerability management marketinclude IBM (US), AT&T (US), Qualys (US), McAfee (US), Rapid7 (US), RSA(US), Tenable (US), foreseeti (Sweden), F-secure (Finland), Acunetix (Malta),Skybox Security (US), Brinqa (US), Checkpoint (Israel), NopSec (US), Tripwire(US), Digital Defense (US), RiskIQ (US), Kenna Security (US), Outpost 24 (US),Expanse (US), and Risk Sense (US).
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