PUBLISHER: The Business Research Company | PRODUCT CODE: 1678349
PUBLISHER: The Business Research Company | PRODUCT CODE: 1678349
Security and vulnerability management is an ongoing process involving various tools and strategies to identify, evaluate, treat, and report security vulnerabilities and misconfigurations in an organization's software and systems. Implementing security and vulnerability management, along with other security tactics, is crucial for organizations to prioritize potential threats and minimize their attack surface.
The primary components of security and vulnerability management are software and services. Services aid in identifying, prioritizing, and evaluating vulnerabilities, assisting organizations with effective vulnerability management. Organization sizes include small and medium-scale and large-scale, targeting areas such as content management system vulnerabilities, API vulnerabilities, internet of things (IoT) vulnerabilities, used in applications such as banking, financial services, insurance (BFSI), government and defense, healthcare, IT, telecom, retail, and others.
The security and vulnerability management market research report is one of a series of new reports from The Business Research Company that provides security and vulnerability management market statistics, including security and vulnerability management industry global market size, regional shares, competitors with a security and vulnerability management market share, detailed security and vulnerability management market segments, security and vulnerability management market trends and opportunities, and any further data you may need to thrive in the security and vulnerability management industry. This security and vulnerability management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The security and vulnerability management market size has grown steadily in recent years. It will grow from $13.98 billion in 2024 to $14.53 billion in 2025 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to early cyber threats, regulatory initiatives, network complexity increase, Internet expansion, shift to digital business, data breach incidents.
The security and vulnerability management market size is expected to see rapid growth in the next few years. It will grow to $22.05 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to cybersecurity talent shortage, zero trust adoption, ransomware evolution, supply chain security concerns, advancements in AI and automation. Major trends in the forecast period include cybersecurity skills gap, cyber threat sophistication, regulatory compliance, remote work dynamics, cloud migration, IoT expansion.
The increasing adoption of cloud computing is anticipated to drive the growth of the security and vulnerability management market in the coming years. Cloud computing refers to the on-demand delivery of computing services-such as storage and software-over the internet, enabling businesses to access resources flexibly without the need for physical infrastructure. The growing popularity of cloud computing stems from its benefits, including flexibility, cost savings, scalability, and access to advanced resources without the burden of investing in or maintaining physical infrastructure. In the realm of security and vulnerability management, cloud computing provides scalable tools and services that enable real-time monitoring, detection, and response to potential threats and vulnerabilities. For instance, in April 2024, the European Commission, a Belgium-based government entity, reported that in 2023, 77.6% of large enterprises utilized cloud computing services, marking a 6-percentage-point increase since 2021. Additionally, 59% of medium-sized enterprises adopted cloud services in 2023, up from 53% in 2021, while small businesses saw usage rise by 3.8 percentage points, reaching 41.7% over the same timeframe. Thus, the growing adoption of cloud computing is fueling the expansion of the security and vulnerability management market.
The security and vulnerability management market is expected to grow due to the increasing number of cyberattacks. Cyberattacks, deliberate attempts to compromise computer systems, highlight the importance of security and vulnerability management in proactively addressing weaknesses. The Australian Cyber Security Centre reported a nearly 13% increase in cybercrime reports in 2022 compared to the previous financial year. The rising number of cyberattacks is a driving force behind the growth of the security and vulnerability management market.
Technological advancements are a key trend. In May 2022, New Relic, a US-based observability company, launched New Relic Vulnerability Management, enabling organizations to identify and address security risks more quickly and precisely. The platform allows comprehensive management of security and risk by aggregating native and third-party security signals across the entire software stack.
The key companies in the security and vulnerability management market are forming partnerships to develop new products and reinforce their market positions. Collaborations in this sector aim to offer comprehensive solutions that effectively identify, manage, and respond to cybersecurity threats. For instance, in April 2022, TAC Security, a US-based cybersecurity company, partnered with Protean InfoSec Services Limited, an India-based cybersecurity consulting services company, to provide Full-Cycle Vulnerability Management Detection and Response solutions in India. The joint platform, 'Enterprise Security in One Framework (ESOF),' combines TAC Security's cybersecurity innovations with Protean InfoSec's expertise to enhance digital technology security.
In August 2024, TAC Security, a U.S.-based cybersecurity firm, acquired Cyber Sandia for an undisclosed amount. This acquisition is intended to strengthen TAC Security's presence in the U.S. public sector, enhance its service offerings, and improve direct engagement with government clients, particularly through Cyber Sandia's statewide IT services agreement with New Mexico. Cyber Sandia specializes in providing cybersecurity and IT services to the State of New Mexico.
Major companies operating in the security and vulnerability management market include Dell Technologies Inc., International Business Machines Corporation, Broadcom Inc., F-Secure Corporation, Fortinet Inc., Check Point Software Technologies Ltd., McAfee Inc., Proofpoint Inc., Rapid7 Inc., Qualys Inc., AT&T Cybersecurity Inc., Foreseeti AB, Positive Technologies Company, Tenable Inc., Claroty Ltd., Alert Logic Inc., Tripwire Inc., Skybox Security Inc., NetIQ Corporation, Expanse Inc., Outpost24 AB, Balbix Inc., Digital Defense Inc., SecPod Technologies Private Limited, Brinqa LLC, Holm Security AB, Acunetix Limited, RiskIQ Inc., Kenna Security Inc., Breachlock Inc.
North America was the largest region in the security and vulnerability management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security and vulnerability management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the security and vulnerability management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The security and vulnerability management market consists of revenues earned by entities that are engaged in providing services such as System Misconfigurations, Out-of-date or Unpatched Software, Missing or Weak Authorization Credentials, Malicious Insider Threats, Missing or Poor Data Encryption, Zero-day Vulnerabilities, Vulnerability Detection, Cyber Security Vulnerability Assessment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Security and Vulnerability Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on security and vulnerability management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for security and vulnerability management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The security and vulnerability management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.