Security and vulnerability management market is expected to witness high growth owing to the fact that cybercrimes and cyber threats are increasing at a faster pace and thus, the risk associated with it is also increasing. Enterprises are turning to SVM to improve their security operations and to ensure that threat intelligence and risk management is being implemented in their firm.
SVM market provides a window where users can avoid the risk and the risk factor can be analysed. Enterprises in IT world are on the way towards the third platform for which there is a need to use more layers of security as well as to find new approaches for handling the threat, owing to which enterprises are expected to focus more on security.
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The third platform consists of four pillars that are social, mobile, cloud and big data. In today’s world, organisations are at risk of getting victimized by security breach, for which automated vulnerability solution are used. Big data and cloud computing are expected to give rise to new vulnerabilities, and thus there would be surge in threat management systems. Two major factors which have increased the demand of vulnerability management in last few years are design flaws &weakness and the other reason is regulation implemented by government and industry which are mandatory.
Massive movement of enterprises towards cloud computing is one of the most prominent drivers. With this movement associated risks are also increasing to cater the enterprises that are using SVM. Furthermore, the trend of bring your own device is also increasing in companies which are expected to fuel the demand from2016 to 2024. The other drivers for SVM management in the forecast period are mobile device, big data analytics, software security vulnerability assessment. The main challenge being faced by SVM service providers is to provide an effective solution so that they can differentiate themselves from the competitors.
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The market is segmented on the basis of verticals that are IT & telecom, retail, government, banking and financial services, healthcare and energy utilities. On the basis of end user, it can be segregated in two parts that are small & medium business and enterprises. The market is also segmented on the basis of solutions offered. They are policy and compliance, device vulnerability, application vulnerability, forensics investigation and security information and event management. Security and vulnerability management services are also used in providing proactive endpoint risk management. Device vulnerability assessment products and application scanners are the two ways by which vulnerability assessment is done.
The market on the basis of geography is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is the expected to be the largest market for SVM, owing to the huge presence of end users in this region. Government policies and regulations have also forced companies for extensive implementation of security and vulnerability management. In Asia Pacific, the major revenue generation is expected to come from India and China. In India, the government regulations and policies are expected to drive the growth of this market during the forecast period.
The major players in this market include Qualys, Core Security, IBM, rapid7, Alien Vault, Tripwire EMC, Skybox Security, Tenable Network Security and Symantec. Tripwire has been positioned in one of the top five vendors for providing overall security and vulnerability management. From past few years IBM has been a key market player in providing security and vulnerability management along with HP and EMC. Some of the key factors that are necessary for SVM are penetration testing, attack path modelling, remediation automation.
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