Patch and Remediation Software Market Report: Trends, Forecast and Competitive Analysis to 2030

Patch and Remediation Software Trends and Forecast

The future of the global patch and remediation software market looks promising with opportunities in the IT & telecom, BFSI, and government & defense markets. The global patch and remediation software market is expected to reach an estimated $3.3 billion by 2030 with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are growing utilization of cloud-based solutions for patching and remediation, increasing demand for automation in vulnerability management process, and escalating cyber threat volume and complexity.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Patch and Remediation Software by Segment

The study includes a forecast for the global patch and remediation software by deployment model, organization size, end use, and region.

Patch and Remediation Software Market by Deployment Model [Shipment Analysis by Value from 2018 to 2030]:

• On-Premises
• Cloud-Based

Patch and Remediation Software Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Patch and Remediation Software Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• IT & Telecom
• BFSI
• Government & Defense
• Others

Patch and Remediation Software Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Patch and Remediation Software Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies patch and remediation software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the patch and remediation software companies profiled in this report include-

• IBM
• Microsoft
• SolarWinds Worldwide
• BMC Software
• Ivanti
• Qualys
• Micro Focus International
• ManageEngine
• GFI Software
• NetSPI

Patch and Remediation Software Market Insights

Lucintel forecasts that cloud-based is expected to witness higher growth over the forecast period due to their ease of deployment, affordability, and scalability.

Within this market, BFSI is expected to witness the highest growth over the forecast period.

North America will remain the largest region over the forecast period due to high awareness of cybersecurity and the existence of large software vendors in the region.

Features of the Global Patch and Remediation Software Market

Market Size Estimates: Patch and remediation software market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Patch and remediation software market size by deployment model, organization size, end use, and region in terms of value ($B).

Regional Analysis: Patch and remediation software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different deployment models, organization sizes, end uses, and regions for the patch and remediation software market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the patch and remediation software market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the patch and remediation software market size?

Answer: The global patch and remediation software market is expected to reach an estimated $3.3 billion by 2030.

Q2. What is the growth forecast for patch and remediation software market?

Answer: The global patch and remediation software market is expected to grow with a CAGR of 15.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the patch and remediation software market?

Answer: The major drivers for this market are growing utilization of cloud-based solutions for patching and remediation, increasing demand for automation in vulnerability management process, and escalating cyber threat volume and complexity.

Q4. What are the major segments for patch and remediation software market?

Answer: The future of the patch and remediation software market looks promising with opportunities in the IT & telecom, BFSI, and government & defense markets.

Q5. Who are the key patch and remediation software market companies?

Answer: Some of the key patch and remediation software companies are as follows:

• IBM
• Microsoft
• SolarWinds Worldwide
• BMC Software
• Ivanti
• Qualys
• Micro Focus International
• ManageEngine
• GFI Software
• NetSPI

Q6. Which patch and remediation software market segment will be the largest in future?

Answer: Lucintel forecasts that cloud-based is expected to witness higher growth over the forecast period due to their ease of deployment, affordability, and scalability.

Q7. In patch and remediation software market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to high awareness of cybersecurity and the existence of large software vendors in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the patch and remediation software market by deployment model (on-premises and cloud-based), organization size (small & medium enterprises (SMEs) and large enterprises), end use (IT & telecom, BFSI, government & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?