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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

Summary
Table Of Content

Market Insights

Security and vulnerability management is the process of analyzing, finding, and remediating vulnerabilities before they can be exploited by a human attacker or malware. Security and vulnerability management have become critical aspects of every enterprise’s security program. The volume of security vulnerabilities affecting today’s organizations is confounding. Threats, if left unattended, expose the network to data theft and leakage, resulting in dissatisfied customers and costly downtime.

The global security and vulnerability management market was valued at US$ 6,183.2 million in 2017 and was expected to grow significantly, expanding at a CAGR of 9.3% from 2018 to 2026. In the recent past, the security and vulnerability market has witnessed accelerated growth due to the massive growth in cybercrimes and the associated risks, which have forced organizations of all sizes to focus more on information security.

Vulnerabilities in IT systems represent a huge challenge for IT departments, creating a massive need for addressing them. Such vulnerabilities are generally discovered in operating systems, applications, and firmware and are also found in configurations of key hardware devices, including switches, routers, and printers. The increasing number of cyberattacks has increased the need for a robust cyber-security management system. As a result, security and vulnerability management software solutions are implemented to improve the organization’s risk management, threat intelligence, and security operations.

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Growing penetration of cloud services across the world bodes well for market growth, as small and medium-sized enterprises have emerged as the most promising consumers of cloud services. The popularity and adoption of cloud services in small and medium-sized organizations are helpful in reducing costs related to power, energy, and IT resources. The global security and vulnerability management market is projected to witness immense growth with the continually increasing adoption of cloud services. However, a lack of awareness regarding vulnerability management solutions coupled with high deployment costs is the major factor restraining the growth of the security and vulnerability management markets.

Market Snapshot

During the forecast period of 2018 to 2026, the software segment will remain dominant.

The global security and vulnerability management market is 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 and vulnerability management software perform cyclical monitoring tasks to diagnose, identify, and remediate network threats, including viruses and malware. Several businesses use security and vulnerability management tools to constantly test the security of their networks and identify threats. It helps IT administrators and managers to use security and vulnerability management software solutions to automate monitoring and tests that are required for maintaining a secured network.

The BFSI industry has the largest market share.

The BFSI sector accounted for the majority of the market share in 2017. Because of the large number of customers they serve, the banking, financial services, and insurance industries are particularly vulnerable to cyber-attacks and data breaches. Attacks against the banking and finance industry are becoming increasingly sophisticated and highly targeted. Data breaches in the banking and financial sectors lead to an exponential loss of valuable customer information.

Though cybercrime exceeds industry borders, financial and banking institutions often lead the way by identifying new threats and enhancing their cyber-security defenses. Furthermore, with increasing regulatory requirements, technological capabilities, and customer expectations, banking and financial institutions are being pushed to take a more proactive approach to security. As a result, the banking, financial, and insurance segments are projected to demonstrate the highest growth rate in the overall security and vulnerability management market.

North America will maintain its market dominance.

In 2017, North America held the largest share of the security and vulnerability management market and was expected to continue its supremacy during the forecast period from 2018 to 2026. Growing mobile penetration, combined with rising cloud service adoption, are the major factors driving market growth in the region.

The rapid adoption of cloud platforms and cloud applications is helping the security and vulnerability management market grow at a faster rate. In addition to this, mobile penetration in the region is high. Furthermore, the presence of some major players, such as International Business Machines (IBM), Dell EMC, Qualys, Inc., etc., further supports regional market growth.

Inorganic Growth Will Remain the Primary Strategy

The security and 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 better serve the market, the players are focusing on finding new avenues 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 and 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 with the ability to report, remediate, and assess security-related configuration issues that leverage the latest Center for Internet Security (CIS) benchmarks.

Some of the prominent players profiled in the security and 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.

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026,considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2018 to 2026.

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Report Scope by Segments

The security and vulnerability management market report provide market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global security and vulnerability management market based on offerings, end-use verticals, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

What was the size of the security and vulnerability management market in 2017, and what is the forecast up to 2026?
What are the key market trends observed in the security and vulnerability management market?
Which is the largest regional market for security and vulnerability management?
Which are the most promising offerings and end-use verticals in the security and vulnerability market?
Which region or segment will drive the market’s growth? Why?
Which players are leading the security and vulnerability management market?
What are the sustainability strategies adopted by key players operating in the market?

This report’s distinct data points

Security and vulnerability management trends across different geographies and sub-geographies
Adoption scenario of security and vulnerability management amongst small and medium-sized enterprises
Current and future scenarios of security and vulnerability management across the globe
Security and vulnerability management trends 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.

List of Figures

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 %)

List of Tables

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)

Frequently Asked Question:

What is the size of Security & Vulnerability Management Market?

The market for Security & Vulnerability Management Market is expected to reach USD$ XX Mn in 2026.

What is the Security & Vulnerability Management Market CAGR?

The Security & Vulnerability Management Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Security & Vulnerability Management Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Security & Vulnerability Management Market?

The base year of this report is 2017.

Who are the major players in this market?

Dell EMC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, McAfee, LLC, Micro Focus Corporation, Microsoft Corporation. are some of the major players in the global market.

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