Security and Vulnerability Management Market Growth Factors, Latest Rising Trend & Forecast to 2025
The global security and vulnerability management market size is expected to grow from USD 12.5 billion in 2020 to USD 15.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period. Security and vulnerability management solutions can be deployed on-premises as well as on the cloud, as per business requirements. The on-premises deployment mode allows organizations to control all the systems and data. Still, they also must pay the cost for hardware, software, and other resources used for its maintenance. It also restricts the storage capacity that is needed to maintain new functionalities and technologies. Cloud-based deployment benefits organizations with increased scalability, speed, 24/7 services, and improved Information Technology (IT) security. The demand for Software-as-a-Service (SaaS)-based security solutions is rapidly growing, as the central delivery model meets the IT security needs. Owing to the increasing number of applications being deployed over the cloud, there is a shift from traditional on-premises security and vulnerability management solutions to cloud-based security and vulnerability management solutions across large enterprises and Small and Medium-sized Enterprises (SMEs).
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The major vendors covered in the security and vulnerability management market include IBM (US), AT&T (US), Qualys (US), McAfee (US), Rapid7 (US), RSA (US), Tenable (US), F-Secure (Finland), Acunetix (Malta), SkyBox Security (US), Brinqa (US), Check Point (Israel), NopSec (US), Tripwire (US), Digital Defense (US), RiskIQ (US), Kenna Security (US), Outpost 24 (Sweden), Expanse (US), and RiskSense (US). These players have adopted various growth strategies, such as new product launches, business expansions, partnerships, agreements, and collaborations, and acquisitions, to further expand their presence in the global security and vulnerability management market. These strategies have helped them innovate their offerings and broaden their customer base.
Rapid7 was founded in 2000 and is headquartered in Massachusetts, US. The company is one of the prominent providers of security data and vulnerability management solutions. It further offers advanced solutions in the areas of network security, application security, operations and analytics, and compliance. It provides cybersecurity solutions to various industry verticals, such as energy, financial services, government, healthcare, retail, and education. The company's customer...
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