Security News > 2022 > March > Security and vulnerability management market to reach $15.86 billion by 2030

The global security and vulnerability management market is expected to grow from $6.7 billion in 2020 to $15.86 billion by 2030, at a CAGR of 9% during the forecast period 2021-2030, according to The Brainy Insights.

An increase in vulnerabilities across the globe, high monetary losses due to the absence of security and vulnerability management solutions, stringent regulatory standards and data privacy compliances, surge in the adoption of IoT and cloud trends, and integration of advanced technologies such as AI and ML with security and vulnerability management solutions are some of the major driving factors contributing to the high growth rate of the security and vulnerability management market.

As a result, security and vulnerability management is being used by enterprises to improve their security operations, threat intelligence, and risk management.

To enhance their market position in the global security and vulnerability management market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, joint ventures, collaborations, and partnerships.

The security and vulnerability management market growth will be accelerated by the rapid increase in data volume and the growing demand for efficient and effective data security systems.

The North America region emerged as the largest market for the global security and vulnerability management market with a market share of around 34.8% and a market value of around 2.33 billion in 2020.

News URL

https://www.helpnetsecurity.com/2022/03/01/security-vulnerability-management-2030/