Security and Vulnerability Management Market

The global security and vulnerability management market size is projected to grow from USD 16.51 billion in 2024 to USD 24.04 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period. The utilization of third-party applications has increased exponentially, which fuels the growth in the security and vulnerability management market. Third-party applications unintentionally widen attack surfaces and create new vulnerabilities for cyber-criminals, raising the bar for demand in sophisticated security strategies such as continuous monitoring, patch management, and innovative technologies to protect diverse application ecosystems.

What is security and vulnerability management?

Security and vulnerability management is a continuous process that includes identifying and assessing security postures and internal and external threats, along with formulating policies to shield assets and critical infrastructures of any organization. This process further includes mitigating risks and vulnerabilities, particularly with patch management and configuration management, to eliminate the root cause of cyberattacks.

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Competitive overview:

The Security and vulnerability management market is led by some of the globally established players, such as Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), and ManageEngine (US). These market players have adopted various strategies including new product development, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the security and vulnerability management market. The market players leverage organic and inorganic strategies to expand globally by providing security and vulnerability management solutions.

Microsoft is a multinational technology company that generates revenue through different operations, including developing software, designing hardware, and selling online advertisements. Some of the products the company offers include operating systems, applications for servers, social productivity tools, and video games. It also provides various cloud services, which include Office 365, Dynamics CRM Online, Azure, and Skype. The Microsoft Defender Vulnerability Management solution offers the detection of vulnerabilities in all continuous, prioritization according to risks, and remediation tools across all platforms. The company serves its solutions and services in diversified industries such as financial services, energy and resources, healthcare, manufacturing, transportation, retail, defense, education, and telecommunications. Microsoft operates in over 100 countries across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Qualys offers cybersecurity solutions focusing on digital transformation, enhancing agility, optimizing business outcomes, and reducing operational costs. Qualys' products include vulnerability management, policy compliance, web application scanning, continuous monitoring, and threat detection. It partners with leading cloud providers like AWS, Microsoft Azure, and Google Cloud Platform, as well as consulting firms such as Accenture and IBM. Qualys' vulnerability management solutions include Enterprise TruRiskTM Platform, Web Application Scanning & API Security, TotalCloud, Vulnerability Management, Detection & Response, Patch Management, and CyberSecurity Asset Management.

Related Reports:

Security and Vulnerability Management Market by Software (Vulnerability Scanner, Patch Management, SIEM, Risk assessment, Threat Intelligence), Type (Network Security, Application Security, Endpoint Security, and Cloud Security) - Global Forecast to 2030

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