Security and Vulnerability Management Market to Witness Comprehensive Growth by 2017 – 2027

Written by XploreMR

Highlights of the global security and
vulnerability management market

The global security and vulnerability management market is
expected to witness significant growth during the forecast period. This growth
is attributed to the increasing usage of cloud-based solutions and services,
and the growing demand for security and vulnerability management solutions in
the BFSI and healthcare sectors. North America is expected to be the dominant
region in 2017 in terms of value in the security
and vulnerability management market
. In the coming years as well, North
America is expected to be a key market for substantial revenue generation. New
product launches and business partnerships are the key strategies followed by
various players in the security and vulnerability management market to increase
their value and to enhance their customer base.

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Growing digitalisation and increasing craze of
video gaming among people across the globe is likely to create a positive impact
on the global security and vulnerability management market

Web-based social networking is one of the world’s quickest
developing marvels, with most people and organisations currently having their
presence on different online social networking sites including Facebook,
Twitter, and LinkedIn. With this assistance, business-prone data would now be
available to the public. Accordingly, to deal with social media efficiently and
effectively, various regions in the globe are enhancing security procedures to connect
the power of these various platforms, while limiting the risk by applying cyber
security solutions to upgrade performance and enhance security intelligence.

Worldwide ICT spending is increasing significantly every year
owing to the rising adoption of connected devices for Internet usage, and the
continuous launches of new IT and communication technologies in the last three
years. The global security and vulnerability management market is witnessing
significant growth due to this increased ICT spending, especially in countries
such as U.S. and China.

Video games use advanced technologies that consist of
cutting-edge software and hardware to provide complete entertainment to users.
It is no wonder that the gaming market is on an upward swing and is likely to
continue its growth in the coming years. Global gaming companies are adopting
security and vulnerability management on a large scale to deal with inherent
issues such as piracy. Malware wrapped game installers are the most common
cyber threats that online gaming platforms have to deal with. Due to such
threats, gaming companies are investing a lot in cyber threat counter measures
by adopting security and vulnerability management solutions. This factor is
anticipated to boost global market revenue growth significantly.

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The BFSI segment is expected to exhibit a high market attractiveness index
over the forecast period

In terms of value, the BFSI segment is projected to be the most
attractive vertical in the global security and vulnerability management market
during the forecast period. In 2016, the BFSI segment was the dominant
vertical, valued at more than US$ 1,200 Mn, and is expected to remain dominant
in terms of value throughout the forecast period. However, the healthcare
segment is projected to register high Y-o-Y growth rates throughout the
forecast period. In terms of value, this segment is expected to expand at a
CAGR of 13.2% during the forecast period.

 

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