Security and Vulnerability Management Market Analysis

Security and Vulnerability Management Market Analysis

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Based on organization size, the large enterprises segment held over 70% of the market share in 2022, owing to the substantial IT infrastructure and higher risk exposure these organizations deal with. With the growing cyber threats, these enterprises prioritize comprehensive security measures, fueling increased investments in advanced vulnerability management solutions. By addressing complex networks and diverse systems, these solutions cater to the unique & extensive security needs of large-scale enterprises, boosting the segment's anticipated growth.
 

For instance, in April 2023, Google launched The Hacking Policy Council, a new cybersecurity initiative to strengthen vulnerability management. The Hacking Policy Council is collaborating with Bugcrowd, HackerOne, Intel, Intigriti, and Luta Security to enhance vulnerability management practices.
 

Based on the end-use industry, the IT & telecom segment accounted for 26% of the security and vulnerability management market share in 2022, due to increased digital dependency. As the sector continuously expands its networks and services, the vulnerability landscape broadens, demanding robust security measures. This necessitates investments in sophisticated vulnerability management solutions to safeguard critical systems, protect sensitive data, and ensure uninterrupted services, thereby propelling segment growth within the market.
 

The North America security and vulnerability management market recorded more than 35% of the revenue share in 2022, attributed to the region's heightened cyber threat awareness, stringent regulatory compliance, and substantial investments in cybersecurity. With a focus on comprehensive security solutions, coupled with the escalating incidents of cyber threats, North American organizations increasingly prioritize vulnerability management to fortify systems, protect data, and comply with evolving security standards, fostering significant market growth.