Vulnerability Management (VM) Market - By Component (Solution, Services) By Organization (SME, Large Enterprises), By Deployment Model (Cloud, On-premises), By End-user & Forecast, 2024 - 2032

North America industry recorded 34% revenue share in 2023 and is estimated to grow at notable rate between 2024 and 2032, due to the well-established digital infrastructure in the region.

The large enterprise organization segment in the vulnerability management industry is estimated to amass over USD 23 billion by 2032, as these organizations are the prime targets of cyber attacks due to their extensive and complex IT infrastructure.

Industry size for vulnerability management was worth USD 15.9 billion in 2023 and is projected to expand at over 9.2% CAGR from 2024 to 2032, on account of the increasing cyber threats, regulatory compliance requirements and the growing need for proactive security measures to protect critical data and systems.

The solutions component segment in the vulnerability management market held over 68% share in 2023 and is anticipated to expand at significant rate from 2024 to 2032, due to the growing adoption of IoT devices, cloud computing, and digital transformation initiatives.