Patch Management Market worth $979 million by 2024

0
0

According to a new market research report “Patch Management Market by Component (Patch Management Software and Services), Service (Consulting, Support & Integration), Deployment (Cloud and On-Premises), Vertical (BFSI, Government & Defense, IT & Telecom), and Region – Global Forecast to 2024”, published by MarketsandMarkets, the global patch management market size is expected to grow from USD 589 million in 2019 to USD 979 million by 2024, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period.

The patch management software enables organizations to acquire, test, and install missing patches for software applications and technologies. The increasing digitalization initiatives across the developing countries have led enterprises, both public and private, to deploy cloud and mobility-based applications.

Browse 50 market data Tables and 50 Figures spread through 128 Pages and in-depth TOC on Patch Management Market by Component (Patch Management Software and Services), Service (Consulting, Support & Integration), Deployment (Cloud and On-Premises), Vertical (BFSI, Government & Defense, IT & Telecom), and Region – Global Forecast to 2024″

Patch management software segment to hold the highest market share during the forecast period

The patch management market is segmented by component into patch management software and services. The patch management software segment is expected to dominate the market during the forecast period. The increasing digitalization initiatives across the developing countries have led enterprises, both public and private, to deploy cloud and mobility-based applications. It is becoming essential for the organizations to secure their software applications and Operating System (OS) from more sophisticated cyberattack vectors, such as ransomware, Advanced Persistent Threats (APTs), and spear-phishing attacks, as the threat landscape is continuously changing and cybercriminals are targeting the business applications to steal business-sensitive information.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19425013

Healthcare vertical to grow at the highest CAGR during the forecast period

The healthcare vertical is expected to grow at the highest CAGR during the forecast period. The organizations in the healthcare vertical hold the highly sensitive data related to Protected Health Information (PHI), Personally Identifiable Information (PII), and Payment Card Industry (PCI). These data move through the databases of Enterprise Resource Planning (ERP) systems and is transmitted among hospitals, clinics, and laboratories. It usually remains unprotected and unencrypted. Cybercriminals target healthcare organizations for PHI, PII, and credit card information. The adoption of patch management software in this vertical is increasing to secure sensitive information from being transferred through vulnerable networks, and the software also helps organizations comply with Health Insurance Portability and Accountability Act (HIPAA) and Payment Card Industry Data Security Standard (PCI DSS) regulations.

APAC to grow at the highest CAGR during the forecast period

The global market is segmented by region into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. APAC is expected to grow at the highest CAGR during the forecast period. Large enterprises and Small and Medium-sized Enterprises (SMEs) in APAC countries are admitting the significance of data security. APAC houses a large number of established SMEs, which are growing at an exponential rate to cater to their wide customer base. Machine Learning (ML), Internet of Things (IoT), big data analytics, and Artificial Intelligence (AI) are the emerging methodologies that are being deployed in this region. Organizations are transforming their businesses to cloud to increase their productivity and business performance. The nature of cyber threats is changing continuously and becoming more sophisticated. Trojan, Hijacker, Riskware, Backdoor, Adware, Spyware, Worm, and Rogue are the topmost malware attacks detected in enterprise businesses of this region. The businesses in this region are adopting the patch management software to secure their operating systems and software applications from the ever-changing threat landscape. The introduction of cloud-based, customized patch management software is set to change the way businesses are protecting their critical infrastructure.

The major vendors in the patch management market are IBM (US), Microsoft (US), Symantec (US), Micro Focus (UK), Qualys (US), SolarWinds (US), Ivanti (US), ManageEngine (US), ConnectWise (US), Avast (Czech Republic), Automox (US), GFI Software (US), Jamf (US), Chef Software (US), and SysAid Technologies (Israel).

Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/patch-management-market-19425013.html

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

MnM Blog: https://mnmblog.org/

Visit Our Website: https://www.marketsandmarkets.com

 

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.