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Vulnerability Management (VM) Market Trends

Report ID: GMI10158
Published Date: Jul 2024
Report Format: PDF

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Vulnerability Management Market Trends

Organizations are increasingly focusing on identifying and prioritizing security threats based on risk, considering factors such as the likelihood of occurrence, potential impact, and remediation effort required. This shift addresses the most critical vulnerabilities first, enhancing overall security efficiency. Continuous vulnerability assessment (CVA) involves real-time monitoring of systems to detect and address threats immediately, reducing the window of opportunity for cyber attackers. As more operations move to the cloud, there is a growing focus on cloud-native vulnerabilities and configurations.

The zero-trust model, which assumes no entity inside or outside the network is trustworthy by default, is gaining traction. Continuous verification of identities and strict access controls are essential components of this model. Many organizations are shifting towards managed services to enhance their capabilities without significant internal resource investment. Security is being integrated into the DevOps pipeline, allowing vulnerabilities to be detected and remediated early in the software development lifecycle. This integration fosters collaboration between development and security teams and streamlines processes.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

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.

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.

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.