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Security and Vulnerability Management Market by Solutions & Services – 2019

Wednesday, November 2, 2016 12:59
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MarketsandMarkets broadly segments the security and vulnerability management market by solution into Security Information and Event Management (SIEM), policy and compliance, forensics and incident investigation, device vulnerability assessment, and application vulnerability assessment. The report also segments the market into services such as consulting, support, and integration. It is segmented by type of end users into Small and Medium Businesses (SMBs) and enterprises. The security and vulnerability management market is also segmented by type of verticals into Banking, Financial Services, and Insurance (BFSI), IT and telecom, government and defense, retail, energy and utilities, healthcare, and others; and by region into North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).

The major force driving this market is the massive movement of enterprises toward cloud technologies. The low costs involved in the cloud infrastructure have led to the increasing adoption of cloud technologies by enterprises and SMBs around the world. The concerns over cloud security are rapidly on the rise as well. Thus, companies across the globe are making huge investments in the security market in the near future. The cases of cyber threats to enterprise networks have led to severe financial losses in the past decade. The rising trend of Bring Your Own Device (BYOD) has given rise to new vulnerabilities. These factors have resulted in an increasing demand for security and vulnerability management solutions to detect, prevent, and diagnose severe cyber threats.

The security and vulnerability management solution providers are consolidating their grounds in the highly competitive market through new product/service developments to build feature-rich solutions and attain better market visibility. Companies in the market are building up strategic partnerships to combine individual offerings into a multi-faceted solution suite for expanding customer bases.

MarketsandMarkets forecasts the security and vulnerability management market to grow from $5,472.2 million in 2014 to $9,087.4 million in 2019, at a CAGR of 10.7% during the forecast period. In terms of regions, NA is expected to be the largest market in terms of revenue contribution, while APAC is expected to experience increased market traction, during the forecast period.

For More Infohttp://www.marketsandmarkets.com/Market-Reports/security-vulnerability-management-market-204180861.html

About MarketsandMarkets

 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports.Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

 

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

 

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