Security And Vulnerability Management Market Size (2024 - 2029)

The Security and Vulnerability Management Market is experiencing growth driven by the need for organizations to protect against information security breaches across various sectors. As digital transformation accelerates, the demand for comprehensive visibility and control over network infrastructures is increasing, prompting the expansion of this market. The rising costs associated with cybercrimes further contribute to the market's growth, as organizations seek to implement robust security measures. Additionally, trends such as Bring Your Own Device (BYOD) in workplaces are enhancing the demand for user authentication solutions, thereby influencing the market's expansion.

Home Market Analysis Technology, Media and Telecom Research Information Technology Research Cybersecurity and IT Security Research Security Operations Research Security and Vulnerability Management Industry Market Size

Market Size of Security And Vulnerability Management Industry

Security and Vulnerability Management Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 14.45 Billion
Market Size (2029) USD 21.65 Billion
CAGR (2024 - 2029) 7.50 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Security & Vulnerability Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Security and Vulnerability Management Market Analysis

The Security and Vulnerability Management Market size is estimated at USD 14.45 billion in 2024, and is expected to reach USD 21.65 billion by 2029, growing at a CAGR of 7.5% during the forecast period (2024-2029).

  • The task of defending against the continuous breach of information security lies with organizations in all sectors. Security professionals must continue to keep pace with the risks and leverage technologies, policies, and procedures that safeguard them against an incoming attack and secure sensitive data. This has led to the growth of the market.
  • Also, as organizations accelerate their digital transformation initiatives, they need to quickly make changes to their core business applications without compromising security across on-premise, SDN, and cloud environments. To manage this process, IT and security teams must be able to see the whole network infrastructure and have fine-grained control over it.
  • As per the Center for Strategic and International Studies and McAfee, cybercrimes, which include damage and destruction of data, stolen money, lost property, theft of intellectual property, and other areas, currently cost the world almost USD 600 billion each year, or 0.8% of global GDP. Such factors are expected to increase the growth of security and vulnerability management software and services.
  • BYOD trends have become more and more common in workplaces as a result of the advent of mobile devices and high-speed Internet. For example, according to Dell, about 60% of employees use a smartphone for work. Such trends are further increasing the market growth for user authentication.
  • The cyber-world is likely to see an increase in the occurrence and spread of new threats and attacks as more devices are getting connected to the Internet. The WannaCry and Petya attacks, which affected over 150 countries worldwide, have highlighted the vulnerability of devices as endpoints.

Security and Vulnerability Management Industry Segmentation

Security and vulnerability management is identifying, classifying, and mitigating networking software or hardware vulnerabilities. It has become integral to an enterprise’s security in recent years. Vulnerability management utilizes technology that seeks out security flaws and tests systems for weak points, allowing the clients to identify and quantify where the network is at risk and prevent unnecessary weak points. These factors are expected to increase the demand for these solutions.

The security and vulnerability management market is segmented by the size of organization (small and medium enterprises, large enterprises), end-user industry (aerospace, defense and intelligence, BFSI, healthcare, retail, manufacturing, IT and telecommunication, and other end-user industries), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers the market size in value terms in USD for all the abovementioned segments.

By Size of the Organization
Small and Medium Enterprises
Large Enterprises
By End-user Vertical
Aerospace, Defense, and Intelligence
BFSI
Healthcare
Manufacturing
Retail
IT and Telecommunication
Other End-user Industries
By Geography***
North America
Europe
Asia
Australia and New Zealand
Latin America
Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Security And Vulnerability Management Market Size Summary

The security and vulnerability management market is experiencing significant growth, driven by the increasing need for organizations across various sectors to protect sensitive data and defend against cyber threats. As digital transformation accelerates, businesses are compelled to adapt their core applications swiftly while maintaining robust security across on-premise, software-defined networks, and cloud environments. The rise in cybercrimes, which incur substantial global costs, further propels the demand for advanced security solutions. The proliferation of mobile devices and the trend towards Bring Your Own Device (BYOD) in workplaces are also contributing to the market's expansion, necessitating enhanced user authentication and security measures. The financial sector, particularly in regions like the United States, faces heightened risks due to the digitalization of services, prompting banks and financial institutions to invest in sophisticated security technologies to safeguard customer information and comply with regulatory requirements.

In the Asia-Pacific region, the increasing frequency of cyberattacks and data breaches is fostering a growing demand for security and vulnerability management solutions. Countries such as Australia, Japan, and Singapore are leading the adoption of these solutions, supported by comprehensive cybersecurity strategies and government initiatives aimed at strengthening security infrastructure. The market is characterized by moderate competition, with major players like Microsoft, IBM, and CrowdStrike engaging in strategic partnerships and product innovations to enhance their offerings. The introduction of new technologies, such as Azure DDoS IP Protection and advancements in cloud security, underscores the industry's commitment to addressing emerging threats and improving resilience. As governments continue to allocate significant resources towards cybersecurity, the market is poised for sustained growth, with opportunities for vendors to expand their presence in developing regions.

Explore More

Security And Vulnerability Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Introduction to Market Dynamics​

    2. 1.2 Market Drivers​

      1. 1.2.1 Increasing Number of Cyber Attacks

      2. 1.2.2 Growing Adoption of Cloud Computing by Enterprises

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Awareness Toward SVM Solutions

      2. 1.3.2 Scalability and Deployment Costs

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Size of the Organization

      1. 2.1.1 Small and Medium Enterprises

      2. 2.1.2 Large Enterprises

    2. 2.2 By End-user Vertical

      1. 2.2.1 Aerospace, Defense, and Intelligence

      2. 2.2.2 BFSI

      3. 2.2.3 Healthcare

      4. 2.2.4 Manufacturing

      5. 2.2.5 Retail

      6. 2.2.6 IT and Telecommunication

      7. 2.2.7 Other End-user Industries

    3. 2.3 By Geography***

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia

      4. 2.3.4 Australia and New Zealand

      5. 2.3.5 Latin America

      6. 2.3.6 Middle East and Africa

Security And Vulnerability Management Market Size FAQs

The Security and Vulnerability Management Market size is expected to reach USD 14.45 billion in 2024 and grow at a CAGR of 7.5% to reach USD 21.65 billion by 2029.

In 2024, the Security and Vulnerability Management Market size is expected to reach USD 14.45 billion.

Security and Vulnerability Management Market Report Snapshots

Security and Vulnerability Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)