Security News > 2021 > December > Security and vulnerability management market size to reach $20.1 billion by 2027

The global security and vulnerability management market size is expected to reach $20.1 billion by 2027, rising at a market growth of 7.1% CAGR during the forecast period, according to ResearchAndMarkets.

Growing adoption of IoT and cloud trends, high monetary losses due to the dearth of these solutions, integration of latest technologies like artificial intelligence & machine learning with security and vulnerability management solutions are indicative for the future growth of these solutions.

Rise in vulnerabilities across the world, and strict regulatory standard & data privacy compliances are some of the key factors accountable to drive the growth of the security and vulnerability management market worldwide.

Security and vulnerability management market growth factors Increase in loss of confidential data and monetary loss.

The adoption of security management, vulnerability management, and risk management solutions has increased due to a significant rise in cybercrimes and cyber threats.

The deployment of risk management, vulnerability management and security management has increased due to the increasing number of cyber threats and cybercrimes.

News URL

https://www.helpnetsecurity.com/2021/12/24/security-vulnerability-management-market/