Patch Management Market

Patch Management Market by Component (Patch Management Software and Services), Service (Consulting, Support & Integration), Deployment (Cloud and On-Premises), Vertical (BFSI, Government & Defense, IT & Telecom), and Region - Global Forecast to 2024

[128 Pages Report] The global patch management market size is expected to grow from USD 589 million in 2019 to USD 979 million by 2024, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. The increasing vulnerabilities to promote patch management solutions and increasing deployment of third-party applications are the major factors driving the growth of the patch management market. Application compatibility and patch testing issues are some of the challenges.

Patch Management Market

By vertical, BFSI to contribute to the growth of the patch management market during the forecast period

The Banking, Financial Services, and Insurance (BFSI) vertical is prone to cyberattacks, as it tends to have all the financial information of customers and business organizations. The vertical frequently introduces new and improved financial products and services to enhance business operations, which makes it attractive for fraudsters to target sensitive customer information. Therefore, the systems and software applications in the banking and financial organizations need to be regularly updated. Patch management applications help the organizations not only monitor and report missing/operation-critical patches but also help to update system applications regularly. Furthermore, the emerging trend of cloud banking creates the need for securing confidential business and financial data on a real-time basis. This trend is expected to increase the adoption of patch management applications in the BFSI vertical.

By deployment, on-premises segment to hold the highest market share during the forecast period

On-premises solutions provide organizations with full control over all their platforms, applications, systems, and data, which can be handled and managed by their own IT staff. On-premises deployment is a traditional approach to implement patch management solutions across enterprises. The organizations where user credentials are critical for business operations would prefer the on-premises deployment, as it provides them with the flexibility to control their IT systems. Government and defense, and BFSI verticals prefer on-premises security because they cannot afford to lose their sensitive data, financial records, accounting information, and money transfers.

Patch Management Market

By region, Europe to grow at a significant CAGR during the forecast period

Europe comprises various countries that are economically stable and technologically advanced. The UK, Germany, and France are key countries considered for market analysis in Europe. The patch management market in Europe is witnessing strong growth with significant market share generated by this region. The European countries have formed a regulatory body named ENISA, which has been working to make Europe cyber secure. Additionally, under European Union’s GDPR, the Information Commissioner’s Office (ICO) imposed enforcement actions on non-compliant organizations, which will include an investigation into the organization’s practices and a mandate to address any aspect that falls short on the GDPR’s cybersecurity requirements. Moreover, awareness regarding the benefits of patching, coupled with an increase in the number of applications and Operating System (OS), has led to the widespread acceptance of patch management solutions.

Key Patch Management Market Players

The major vendors in the patch management market are IBM (US), Microsoft (US), Symantec (US), Micro Focus (UK), Qualys (US), SolarWinds (US), Ivanti (US), ManageEngine (US), ConnectWise (US), Avast (Czech Republic), Automox (US), GFI Software (US), Jamf (US), Chef Software (US), and SysAid Technologies (Israel).

Micro Focus (UK) is prominently recognized for offering security solutions and services to a wide range of customers across different verticals. The company’s robust solution and service portfolios, and its ability to cater to a broad customer base have helped Micro Focus build a strong customer base across regions. Micro Focus has become the largest pure-play software player, post its merger with HPE’s software division and NetIQ. The company’s innovative offerings make it one of the most trusted and deployed solution providers in the patch management market. It makes investments in organic and inorganic growth strategies, depending on the evaluation of its security portfolio. It has been consistently focusing on strengthening its portfolio with the help of new product launches and product enhancements. Furthermore, Micro Focus plans to expand its presence and strengthen its market position by adopting effective partnership strategies. Its robust partner ecosystem comprises existing partners and new partners from NetIQ’s acquisition. It also has a specific partner program, partner portal, and partner community. This illustrates its focus on achieving growth and increasing its presence by following the strategy of managing its partners, which include business partners, solution partners, consulting and System Integrator (SI) partners, authorized distributors, training partners (commercial and academic), and authorized instructors.

Scope of Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Components (Patch Management Software and Services), Services (Consulting, Training and Education, and Support and Integration) Deployment (On-premises and Cloud), Verticals, and Regions

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

IBM (US), Microsoft (US), Symantec (US), Micro Focus (UK), Qualys (US), SolarWinds (US), Ivanti (US), ManageEngine (US), ConnectWise (US), Avast (Czech Republic), Automox (US), GFI Software (US), Jamf (US), Chef Software (US), and SysAid Technologies (Israel).

This research report categorizes the patch management market to forecast revenues and analyze trends in each of the following submarkets:

By Component, the patch management market has been segmented as follows:

  • Patch Management Software Services
    • Support and Integration
    • Training and Education
    • Consulting

By Deployment, the patch management market has been segmented as follows:

  • On-premises
  • Cloud

By Vertical, the patch management market has been segmented as follows:

  • Banking, Financial Services, and Insurance (BFSI)
  • Information Technology (IT) and Telecom
  • Healthcare
  • Government and Defense
  • Retail
  • Education
  • Others (Energy and Utilities, Manufacturing, Media and Entertainment, and Transportation)

By Region, the patch management market has been segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Rest of Europe
  • APAC
    • India
    • China
    • Japan
    • ANZ
    • Rest of APAC
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In April 2019, SolarWinds enhanced its SolarWinds MSP product portfolio by adding patch management for Mac capabilities. This capability is embedded with built-in checks and automated maintenance tasks, including a unique managed patch solution, and the ability to use templates or custom scripts, thereby, offering a seamless experience for monitoring, managing, and protecting Mac devices across customer environments.
  • In February 2019, IBM partnered with Qualys to integrate Qualys’s patch management solution with IBM’s X-Force Red’s vulnerability management services. This integration is expected to enable IBM to automate vulnerability prioritization and patching, which will reduce the time for vulnerability remediation.
  • In February 2019, Micro Focus acquired Interset, an Machine Learning (ML) and User and Entity Behavior Analytics (UEBA) application provider. This acquisition is expected to strengthen the cybersecurity portfolio of Micro Focus by leveraging key attributes of Interset’s technology, which include ML and advanced-analytics models, to supplement its big data analytics software Vertica and add more value to its ArcSight Security Information and Event Management (SIEM) correlation engine.
  • In February 2019, Qualys launched Patch Management, a cloud-based application that provides automated patch deployment capabilities and orchestrates full life cycle vulnerability management of OS and third-party software across global hybrid environments.

Key Questions Addressed by the Report:

  • Where would all these developments drive the industry in the mid to long term?
  • What are the upcoming industry solutions for the market?
  • Which are the major factors expected to drive the market?
  • Which region is projected to offer high growth for vendors in the patch management market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Competitive Leadership Methodology
    2.6 Assumptions for the Study
    2.7 Limitations of the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Patch Management Market
    4.2 Market By Component, 2019
    4.3 Market By Service, 2019–2024
    4.4 Market Market Share of Top 3 Verticals and Regions, 2019
    4.5 Market By Deployment, 2019
    4.6 Market Investment Scenario

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Vulnerabilities to Promote Patch Management Solutions
                    5.2.1.2 Growing Demand for Up-To-Date Os/Applications
                    5.2.1.3 Increasing Deployment of Third-Party Applications
                    5.2.1.4 Favorable Government Regulations
           5.2.2 Restraints
                    5.2.2.1 Low Priority of Vulnerability Remediation
           5.2.3 Opportunities
                    5.2.3.1 Cultural Shift From Manual to Automated Patch Management
                    5.2.3.2 Increasing Market for Mobile and Web Platforms
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness About Cybersecurity
                    5.2.4.2 Application Compatibility and Patch Testing Issues
    5.3 Use Cases
           5.3.1 Micro Focus
           5.3.2 Anunta Technologies
           5.3.3 Heimdal Security
           5.3.4 GFI Software
    5.4 Opportunities for Managed Service Providers
           5.4.1 Palisade Secure
           5.4.2 Anunta Technologies

6 Patch Management Market By Component (Page No. - 41)
    6.1 Introduction
    6.2 Patch Management Software
           6.2.1 Need to Eliminate Vulnerabilities and Improve Product Functionalities to Drive Growth of Patch Management Software Segment
    6.3 Services
           6.3.1 Growing Need to Safeguard Mobile as Well as Web Applications to Drive Growth of Services Segment

7 Patch Management Market By Service (Page No. - 46)
    7.1 Introduction
    7.2 Consulting
           7.2.1 Need to Prevent Revenue Losses, Minimize Risks, Understand Maturity of Security Solutions, and Enhance Security in Existing It Systems to Fuel Growth of Consulting Segment
    7.3 Training and Education
           7.3.1 Increasing Demand of Critical Skills for Improving Overall Security of Personal Devices, Laptops, and Other Computing Devices Driving Growth of Training and Education Segment
    7.4 Support and Integration
           7.4.1 Technology Shift From Traditional to Digital Payments for Improving Customer Experience Driving Growth of Support and Integration Segment

8 Patch Management Market By Feature (Page No. - 52)
    8.1 Introduction
    8.2 Vulnerability Management
           8.2.1 Increasing Demand for Api-Based Integration Services to Fuel the Adoption of Vulnerability Management Applications
    8.3 Compliance Management and Reporting
           8.3.1 Rising Demand for Reporting Various Vulnerabilities to Fuel the Adoption of Compliance Management and Reporting Applications

9 Patch Management Market By Deployment (Page No. - 54)
    9.1 Introduction
    9.2 On-Premises
           9.2.1 Growing Need to Safeguard Sensitive Data, Financial Records, Accounting Information, and Money Transfers to Fuel the Growth of On-Premises Deployment
    9.3 Cloud
           9.3.1 Need to Bridge the Gap of Missing/Critical Patches Through Automated Patch Management to Drive the Growth of Cloud Deployment

10 Patch Management Market By Vertical (Page No. - 59)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
             10.2.1 Growing Need to Monitor and Report Missing/Operation Critical Patches to Drive Growth of Market in BFSI Vertical
     10.3 Government and Defense
             10.3.1 Need for Secured Defense-Based Systems and Applications Driving Growth of Market in Defense Vertical
     10.4 Retail
             10.4.1 Need to Reduce Cyber Risks and Maintain It Infrastructure Security to Drive the Market Growth in Retail Vertical
     10.5 Healthcare
             10.5.1 Need to Protect Patient Data and Payment Information to Drive the Market Growth in Healthcare Vertical
     10.6 IT and Telecom
             10.6.1 Increased Attacks on Critical Infrastructure to Drive the Market Growth in IT and Telecom Vertical
     10.7 Education
             10.7.1 Need to Avoid Bug-Affected Applications and Systems Driving the Market Growth in Education Vertical
     10.8 Others

11 Patch Management Market By Region (Page No. - 68)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
                       11.2.1.1 Rapid Growth in Technological Innovations and Increased use of Internet to Drive the Growth of the Patch Management Market in the US
             11.2.2 Canada
                       11.2.2.1 Government Initiatives to Secure Network System to Set the Growth of the Market in Canada
     11.3 Europe
             11.3.1 United Kingdom
                       11.3.1.1 Government Regulations Working as a Catalyst to Drive the Growth of the Market in the UK
             11.3.2 Germany
                       11.3.2.1 Changing Market Dynamics Due to Business Expansion Strategies By Large Enterprises to Fuel the Growth of the Patch Management Market in Germany
             11.3.3 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
                       11.4.1.1 Changing Paradigm of Cybersecurity Industry to Drive the Growth of Patch Management Technology in China
             11.4.2 Japan
                       11.4.2.1 Adoption of Patch Management Solutions for Third-Party Application Providers to Drive the Market in Japan
             11.4.3 India
                       11.4.3.1 Government Initiatives to Fuel the Growth of the Market in India
             11.4.4 Australia and New Zealand
                       11.4.4.1 Adoption of Cybersecurity Regulations to Drive the Growth of the Market in ANZ
             11.4.5 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Middle East
                       11.5.1.1 Adoption of Patch Management Solution By Enterprises to Improve Security to Drive the Growth of the Market in the Middle East
             11.5.2 Africa
                       11.5.2.1 Changing Paradigm of the Cybersecurity Industry to Drive the Growth of Patch Management Technology in Africa
     11.6 Latin America
             11.6.1 Brazil
                       11.6.1.1 Growing Adoption of Patch Management Solution By Enterprises to Improve Business Security in Brazil
             11.6.2 Mexico
                       11.6.2.1 Recent Government Initiatives to Drive the Growth of the Market in Mexico
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 90)
     12.1 Introduction
     12.2 Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Dynamic Differentiators
             12.2.3 Innovators
             12.2.4 Emerging Companies
     12.3 Competitive Scenario
             12.3.1 New Product Launches and Product Enhancements
             12.3.2 Partnerships and Collaborations
             12.3.3 Mergers and Acquisitions

13 Company Profiles (Page No. - 96)
     13.1 Introduction
     13.2 IBM
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)
     13.3 Symantec
     13.4 Micro Focus
     13.5 Qualys
     13.6 SolarWinds
     13.7 Ivanti
     13.8 ManageEngine, a Division of Zoho Corporation
     13.9 ConnectWise
     13.10 Avast
     13.11 Automox
     13.12 Microsoft
     13.13 GFI Languard Software
     13.14 Jamf
     13.15 Chef Software
     13.16 SysAid Technologies

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 122)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’  Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (50 Tables)

Table 1 Factor Analysis
Table 2 Patch Management Market Size and Growth, 2017–2024 (USD Million, Y-O-Y %)
Table 3 Market Size By Component, 2017–2024 (USD Million)
Table 4 Patch Management Software, By Region, 2017–2024 (USD Million)
Table 5 Patch Management Service, By Region, 2017–2024 (USD Thousand)
Table 6 Patch Management Market Size, By Service, 2017–2024 (USD Million)
Table 7 Consulting: Market Size By Region, 2017–2024 (USD Thousand)
Table 8 Training and Education: Market Size By Region,  2017–2024 (USD Thousand)
Table 9 Support and Integration: Market Size By Region,  2017–2024 (USD Thousand)
Table 10 Market Size By Deployment, 2017–2024 (USD Million)
Table 11 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 12 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 13 Patch Management Market Size, By Vertical, 2017–2024 (USD Million)
Table 14 Banking, Financial Services, and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 15 Government and Defense: Market Size By Region,  2017–2024 (USD Thousand)
Table 16 Retail: Market Size By Region, 2017–2024 (USD Thousand)
Table 17 Healthcare: Market Size By Region, 2017–2024 (USD Thousand)
Table 18 IT and Telecom: Market Size By Region, 2017–2024 (USD Thousand)
Table 19 Education: Patch Management Market Size, By Region, 2017–2024 (USD Thousand)
Table 20 Others: Market Size By Region, 2017–2024 (USD Thousand)
Table 21 Market Size By Region, 2017–2024 (USD Million)
Table 22 North America: Patch Management Market Size, By Component, 2017–2024 (USD Million)
Table 23 North America: Market Size By Service, 2017–2024 (USD Million)
Table 24 North America: Market Size By Deployment, 2017–2024 (USD Million)
Table 25 North America: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 26 North America: Market Size By Country, 2017–2024 (USD Million)
Table 27 Europe: Patch Management Market Size, By Component, 2017–2024 (USD Million)
Table 28 Europe: Market Size By Service, 2017–2024 (USD Thousand)
Table 29 Europe: Market Size By Deployment, 2017–2024 (USD Million)
Table 30 Europe: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 31 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 32 Asia Pacific: Patch Management Market Size, By Component, 2017–2024 (USD Million)
Table 33 Asia Pacific: Market Size By Service, 2017–2024 (USD Thousand)
Table 34 Asia Pacific: Market Size By Deployment, 2017–2024 (USD Million)
Table 35 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 36 Asia Pacific: Market Size By Country, 2017–2024 (USD Thousand)
Table 37 Middle East and Africa: Patch Management Market Size, By Component,  2017–2024 (USD Million)
Table 38 Middle East and Africa: Market Size, By Service,  2017–2024 (USD Thousand)
Table 39 Middle East and Africa: Market Size By Deployment,  2017–2024 (USD Million)
Table 40 Middle East and Africa: Market Size By Vertical,  2017–2024 (USD Thousand)
Table 41 Middle East and Africa: Market Size By Region,  2017–2024 (USD Million)
Table 42 Latin America: Patch Management Market Size, By Component, 2017–2024 (USD Million)
Table 43 Latin America: Market Size By Service, 2017–2024 (USD Thousand)
Table 44 Latin America: Market Size By Deployment, 2017–2024 (USD Million)
Table 45 Latin America: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 46 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 47 Evaluation Criteria
Table 48 New Product Launches and Product Enhancements, 2018–2019
Table 49 Partnerships and Collaborations, 2017–2019
Table 50 Mergers and Acquisitions, 2017–2019
 
 
List of Figures (50 Figures)
 
Figure 1 Market Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Global Patch Management Market to Witness a Significant Growth During the Forecast Period
Figure 4 Services Segment to Grow at a Higher CAGR During the  Forecast Period
Figure 5 North America to Account for the Highest Market Share in 2019
Figure 6 Fastest-Growing Segments of the Patch Management Market
Figure 7 Increasing Need to Secure Software Applications and Operating Systems Across Verticals to Fuel the Growth of the Patch Management Market
Figure 8 Patch Management Software Segment to Account for a Higher Market Share During the Forecast Period
Figure 9 Support and Integration Segment to Account for the Highest Market Share During the Forecast Period
Figure 10 Banking, Financial Services, and Insurance Vertical and North America Region to Account for the Highest Market Shares in 2019
Figure 11 On-Premises Segment to Account for a Higher Market Share in 2019
Figure 12 Asia Pacific to Emerge as the Best Market for Investment in the Next 5 Years
Figure 13 Drivers, Restraints, Opportunities, and Challenges:  Patch Management Market
Figure 14 Patch Management Software Segment to Dominate During the Forecast Period
Figure 15 North America to Dominate the Patch Management Software Segment During the Forecast Period
Figure 16 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 17 Support and Integration Segment to Hold the Largest Market Size During the Forecast Period
Figure 18 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 19 North America to Dominate the Training and Education Segment During the Forecast Period
Figure 20 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 21 Cloud Deployment to Hold a Higher CAGR During the Forecast Period
Figure 22 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America to Dominate the Cloud Deployment During the Forecast Period
Figure 24 Banking, Financial Services, and Insurance Vertical to Hold the Largest Market Size During the Forecast Period
Figure 25 North America to Dominate the Banking, Financial Services,  and Insurance Vertical During the Forecast Period
Figure 26 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America to Hold the Largest Market Size in the Patch Management Market During the Forecast Period
Figure 28 Asia Pacific to Grow at the Highest CAGR During the Forecast Period, 2019–2024
Figure 29 North America: Market Snapshot
Figure 30 Services Segment to Grow at a Higher CAGR in North America During the Forecast Period
Figure 31 Patch Management Software Segment to Have a Larger Market Size in Europe During the Forecast Period
Figure 32 Asia Pacific: Market Snapshot
Figure 33 Services Segment to Grow at a Higher CAGR in Asia Pacific During the Forecast Period
Figure 34 Patch Management Software Segment to Have a Larger Market Size in Middle East and Africa During the Forecast Period
Figure 35 Services Segment to Grow at a Higher CAGR in Latin America During the Forecast Period
Figure 36 Patch Management Market (Global),  Competitive Leadership Mapping, 2019
Figure 37 Key Developments By the Leading Players in the Patch Management Market During 2017–2019
Figure 38 Geographic Revenue Mix of Major Players
Figure 39 IBM: Company Snapshot
Figure 40 IBM: SWOT Analysis
Figure 41 Symantec: Company Snapshot
Figure 42 Symantec: SWOT Analysis
Figure 43 Micro Focus: Company Snapshot
Figure 44 Micro Focus: SWOT Analysis
Figure 45 Qualys: Company Snapshot
Figure 46 Qualys: SWOT Analysis
Figure 47 SolarWinds: Company Snapshot
Figure 48 SolarWinds: SWOT Analysis
Figure 49 Avast: Company Snapshot
Figure 50 Microsoft: Company Snapshot

The study involved 4 major activities in estimating the current market size for the patch management market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the patch management market.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information for the study. The information regarding patch management was consolidated from secondary sources inclusive of various governing bodies, such as US-CERT, Computer Security Resource Center (CSRC), and Canadian Centre for Cyber Security. Moreover, additional information was collected from summits and conferences, such as the RSA Conference, Security Professionals Conference, Gartner Security & Risk Management Summit, and Qualys Security Conference.

Secondary research was mainly used to obtain key information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology oriented perspectives.

Primary Research

In the market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods to perform market estimation and market forecasting for the overall market segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information/insights throughout the report.

After the complete market engineering (including calculations for market statistics, market breakup, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types; industry trends; key players; the competitive landscape of different market players; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

Patch Management Market

To know about the assumptions considered for the study, download the pdf brochure

Patch Management Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the patch management market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. Various factors impacting the patch management market, such as recent developments, regulations, technology maturity, government initiatives, research and development, vertical spending, threat landscape, funding, cloud adoption, internet and mobile technology, and mergers and acquisitions, have been considered in the study.

Report Objectives

  • To define, describe, and forecast the patch management market by component (patch management software and services), service (consulting, training and education, and support and integration), deployment (on-premises and cloud), vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the patch management market
  • To analyze the market with respect to individual growth trends, prospects, and contributions to the market
  • To forecast the market size of 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze opportunities in the market for stakeholders, by identifying the high-growth segments of the market
  • To profile the key players in the market and comprehensively analyze their core competencies in each subsegment
  • To analyze the competitive developments, such as product/service launches and product enhancements, partnerships, collaborations, business expansions, and mergers and acquisitions, in the patch management market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players
Report Code
TC 7290
Published ON
Aug, 2019
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