Security & Vulnerability Management Market By Offerings (Software, Services), By End-use Vertical (Banking, Financial Services & Insurance (BFSI), Government & Defense, Healthcare, IT & Telecom, Retail, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026
Overview:
Security & vulnerability management is used for the process of analyzing, finding and remediating vulnerabilities before they can be exploited by a human attacker or malware. Security & vulnerability management has become a critical aspect of every enterprise’s security program. The volume of security vulnerabilities affecting today’s organizations is confounding. Threats if left unattended, exposes the network to data theft and data leakage, resulting in dissatisfied customers and costly downtime.
In 2017, the global security & vulnerability management market was valued at US$ 6,183.2 Mn and expected to witness a notable growth, expanding at a CAGR of 9.3% during the forecast period from 2018 to 2026. In the recent past, security & vulnerability market has witnessed an accelerated growth due to massive growth in cybercrimes and the risks associated with it have forced organizations of all sizes to focus more on information security.
Vulnerabilities in the IT systems represents a huge challenge for IT departments, creating a massive need for addressing them. Such vulnerabilities generally discovered in operating systems, applications and firmware and are also found in configurations of key hardware devices including switches, routers and printers. Increasing number of cyber-attacks have increased the need for a robust cyber-security management system. As a result, security & vulnerability management software solutions are implemented to improve the organizations’ risk management, threat intelligence and security operations.
Growing penetration of cloud services across the world bodes well with the market growth as small & medium sized enterprises have emerged as the most promising consumers of cloud services. Popularity and adoption of cloud services in small & medium sized organizations is helpful in reducing costs related with power, energy and IT resources. The global security & vulnerability management market projected to witness immense growth with continually increasing adoption of cloud services. However, lack of awareness regarding vulnerability management solutions coupled with high deployment cost are the major factors restraining the growth of security & vulnerability management market.
"Software Segment to Remain Dominant during the Forecast Period from 2018 to 2026"
The global security & vulnerability management market, based on offerings segmented into software and services. In terms of value contribution, the market was dominated by the software segment in 2017 and is projected to continue its supremacy during the forecast period from 2018 to 2026.
Security & vulnerability management software performs cyclical monitoring tasks to diagnose, identify and remediate network threats including viruses and malware. Several businesses use security & vulnerability management tools for constantly testing their networks security and identifying threats. It helps IT administrators and managers to use security & vulnerability management software solutions to automate monitoring and tests that are required for maintaining a secured network.
"BFSI Segment Exhibits Largest Market Share"
BFSI sector accounted for majority of market share 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. Attacks against the banking and finance industry are becoming increasingly sophisticated and highly targeted. Data breaches in the banking and financial sector leads to an exponential loss of valuable customer information.
Though cybercrime exceeds industry borders, financial and banking institutions often lead the way by new threats and enhancing their cyber-security defenses. Moreover, with the growing regulatory requirements and technological capabilities, rising customer expectations, the banking and financial institutions are pushed to adopt proactive approach to security. As a result, the banking, financial and insurance segment is projected to demonstrate highest growth rate in the overall security & vulnerability management market.
"North America to Continue its Supremacy in the Market"
In 2017, North America held largest share in security & vulnerability management market and expected to continue its supremacy during the forecast period from 2018 to 2026. Growing mobile penetration coupled with rising adoption of cloud services are the major factors that contributes to the market growth in the region.
Rapid adoption of cloud platform and cloud applications is helping the security & vulnerability management market to grow at a higher rate. In addition to this, mobile penetration in the region is high. Furthermore, the presence of some major players such as International Business Machine Corporation (IBM), Dell EMC, Qualys, Inc., etc. further supports the regional market growth.
"Inorganic Growth to Remain the Key Strategy"
The security & vulnerability management market is highly fragmented due to the presence of some major regional as well as international tech giants along with many other small players. In order to serve the market in a better way, the market players are mainly focusing on finding out new avenues in order to reduce data theft and avoid security breaches. The market players are focused on adopting several strategies including collaborations, partnerships, new product developments, and mergers & acquisitions.
For instance, in June 2017, Qualys, Inc. revealed a new addition to its vulnerability management solutions in order to help customers automate security configuration assessment (SCA). The add-on is capable of providing organizations an ability to report, remediate, asses security-related configuration issues that leverages latest Center for Internet Security (CIS) benchmarks.
Some of the prominent players profiled in the 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.
Historical & Forecast Period
The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2018 to 2026.
Key questions answered in this report
- What was the market size of security & vulnerability management market in 2017 and forecast up to 2026?
- What are the key market trends observed in the security & vulnerability management market?
- Which is the largest regional market for security & vulnerability management market?
- Which is the most promising offerings and end-use vertical in the security & vulnerability market?
- Which region or segment will drive the market growth? Why?
- Which players are leading the security & vulnerability management market?
- What are the sustainability strategies adopted by key players operating in the market?
Unique data points of this report
- Security & vulnerability management trends across different geographies and sub-geographies
- Adoption scenario of security & vulnerability management amongst small & medium sized enterprises
- Current and future scenario of security & vulnerability management across the globe
- Inclination insights of security & vulnerability management across different regions
1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III – Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global SVM Market
2.2. Global SVM Market, by Offerings, 2017 (US$ Mn)
2.3. Global SVM Market, by End-use Vertical, 2017 (US$ Mn)
2.4. Global SVM Market, by Geography, 2017 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global SVM Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. See-Saw Analysis
3.3.1. Impact Analysis of Drivers and Restraints
3.4. Attractive Investment Proposition, by Geography, 2017
3.5. Market Positioning of Key Players, 2017
3.5.1. Major Strategies Adopted by Key Players
4. Global Security & Vulnerability Management (SVM) Market Value, by Offerings , 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Software
4.3. Services
5. Global Security & Vulnerability Management (SVM) 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 (SVM) Market Analysis, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. North America SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
6.2.1. Market Analysis
6.3. North America SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
6.3.1. Market Analysis
6.4. North America SVM Market Value, by Region/Country, 2016 – 2026 (US$ Mn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.2.1. U.S. SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
6.4.2.2. U.S. SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
6.4.3. Rest of North America
6.4.3.1. Rest of North America SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
6.4.3.2. Rest of North America SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
7. Europe Security & Vulnerability Management (SVM) Market Analysis, 2016 – 2026 (US$ Mn)
7.1. Overview
7.2. Europe SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
7.2.1. Market Analysis
7.3. Europe SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
7.3.1. Market Analysis
7.4. Europe SVM Market Value, by Region/Country, 2016 – 2026 (US$ Mn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.2.1. U.K. SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
7.4.2.2. U.K. SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
7.4.3. Germany
7.4.3.1. Germany SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
7.4.3.2. Germany SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
7.4.4. France
7.4.4.1. France SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
7.4.4.2. France SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
7.4.5.2. Rest of Europe SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
8. Asia Pacific Security & Vulnerability Management (SVM) Market Analysis, 2016 – 2026 (US$ Mn)
8.1. Overview
8.2. Asia Pacific SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
8.2.1. Market Analysis
8.3. Asia Pacific SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
8.3.1. Market Analysis
8.4. Asia Pacific SVM Market Value, by Region/Country, 2016 – 2026 (US$ Mn)
8.4.1. Market Analysis
8.4.2. China
8.4.2.1. China SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
8.4.2.2. China SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
8.4.3. Japan
8.4.3.1. Japan SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
8.4.3.2. Japan SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
8.4.4. India
8.4.4.1. India SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
8.4.4.2. India SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
8.4.5.2. Rest of Asia SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
9. Rest of the World Security & Vulnerability Management (SVM) Market Analysis, 2016 – 2026 (US$ Mn)
9.1. Overview
9.2. Rest of the World SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
9.2.1. Market Analysis
9.3. Rest of the World SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
9.3.1. Market Analysis
9.4. Rest of the World SVM Market Value, by Region, 2016 – 2026 (US$ Mn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.2.1. Middle East & Africa SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
9.4.2.2. Middle East & Africa SVM Market Value, by End-use Vertical, 2016 – 2026 (US$ Mn)
9.4.3. Latin America
9.4.3.1. Latin America SVM Market Value, by Offerings, 2016 – 2026 (US$ Mn)
9.4.3.2. Latin America SVM Market Value, by End-use Vertical, 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.
* SVM - Security & Vulnerability Management
TABLE 1 Market Snapshot: Global Security & Vulnerability Management (SVM) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global SVM Market, by Geography 2016 – 2026 (US$ Mn)
TABLE 5 North America SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 6 North America SVM Market Value, by End-use Vertical, 2016- 2026 (US$ Mn)
TABLE 7 North America SVM Market Value, by Country/Region, 2016 - 2026 (US$ Mn)
TABLE 8 U.S. SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 9 U.S. SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 10 Rest of North America SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 11 Rest of North America SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 12 Europe SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 13 Europe SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 14 Europe SVM Market Value, by Country/Region, 2016 - 2026 (US$ Mn)
TABLE 15 U.K. SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 16 U.K. SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 17 France SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 18 France SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 19 Germany SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 20 Germany SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 21 Rest of Europe SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 22 Rest of Europe SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 23 Asia Pacific SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 24 Asia Pacific SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 25 Asia Pacific SVM Market Value, by Country/Region, 2016 - 2026 (US$ Mn)
TABLE 26 Japan SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 27 Japan SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 28 China SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 29 China SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 30 India SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 31 India SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 32 Rest of Asia Pacific SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 33 Rest of Asia Pacific SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 34 Rest of the World SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 35 Rest of the World SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 36 Rest of the World SVM Market Value, by Region, 2016 - 2026 (US$ Mn)
TABLE 37 Middle East & Africa SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 38 Middle East & Africa SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 39 Latin America SVM Market Value, by Offerings, 2016 - 2026 (US$ Mn)
TABLE 40 Latin America SVM Market Value, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 41 AlienVault, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 42 Dell EMC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 43 Hewlett Packard Development LP.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 44 International Business Machines Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 45 McAfee, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 46 Micro Focus Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 47 Microsoft Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 48 Qualys, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 49 Rapid7, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 50 Skybox Security, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 51 Tenable, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 52 Symantec Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 53 Tripwire, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
FIG. 1 Global Security & Vulnerability Management (SVM) Market: Research Methodology
FIG. 2 Market Size Estimation - Top-Down and Bottom Up Approach
FIG. 3 Global SVM Market Segmentation
FIG. 4 Global SVM Market, by Offerings, 2017 (US$ Mn)
FIG. 5 Global SVM Market, by End-use Vertical, 2017 (US$ Mn)
FIG. 6 Global SVM Market, by Geography, 2017 (US$ Mn)
FIG. 7 Global SVM Market Value, 2016 - 2026, (US$ Mn and % Y-o-Y)
FIG. 8 See-Saw Analysis: Global SVM Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Security & Vulnerability Management Providers, 2017
FIG. 11 Global SVM Market Value Share, by Offerings, 2017 & 2026 (Value %)
FIG. 12 Global SVM Market Value for Software, 2016 - 2026, (US$ Mn)
FIG. 13 Global SVM Market Value for Services, 2016 – 2026, (US$ Mn)
FIG. 14 Global SVM Market Value Share, by End-use Vertical, 2017 & 2026 (Value %)
FIG. 15 Global SVM Market Value and Growth for BFSI, 2016 - 2026, (US$ Mn)
FIG. 16 Global SVM Market Value and Growth for Government and Defense, 2016 - 2026, (US$ Mn)
FIG. 17 Global SVM Market Value and Growth for Healthcare, 2016 - 2026, (US$ Mn)
FIG. 18 Global SVM Market Value and Growth for IT & Telecom, 2016 - 2026, (US$ Mn)
FIG. 19 Global SVM Market Value and Growth for Retail, 2016 - 2026, (US$ Mn)
FIG. 20 Global SVM Market Value and Growth for Others, 2016 - 2026, (US$ Mn)
FIG. 21 Global SVM Market Value Share, by Geography, 2016 - 2026, (US$ Mn) (Y-o-Y %)
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