The global security and vulnerability management market size is projected to grow from USD 16.51 billion in 2024 to USD 24.04 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period. An increase in security breaches drives the growth of the security and vulnerability management market because of the deployment of third-party applications in existing systems. Organizations are becoming aware of implementing robust security and vulnerability management solutions to avoid financial and critical data loss caused by third-party applications.

"By professional services, consulting and deployment services segment is expected to grow at the highest CAGR during the forecast period."
The consulting and deployment services segment is growing at the highest rate in the security and vulnerability management market due to the increasing complexity of cyber threats and the demand for expert guidance. Organizations facing sophisticated attacks require consulting services for developing customized security approaches according to the regulations and guidelines followed by each organization. High adoption of digital transformation and cloud increases demand for deployment services that can effectively embed the latest security solutions. Ongoing support for cloud environments and IoT devices highly fuels the demand, leaving this segment to grow significantly as businesses take proactive measures in risk management and continuous security improvement.

"By services, penetration testing services hold the largest market size during the forecast period."
Penetration testing services hold the largest market share in the security and vulnerability management market due to organizations’ need to protect themselves from emerging cyberattacks. As businesses increasingly face cyber-attacks, the demand for thorough and proactive penetration testing solutions has also increased. Regulatory compliance requires regular assessments to ensure data safety, creating growth in this segment. Advancements in AI and ML have further enhanced penetration testing services; hence, penetration testing becomes essential in strategy implementations for most organizations to bring about total protection against vulnerabilities.

By Region, Asia Pacific is expected to grow at the highest CAGR during the forecast period.
Growth in the Asia Pacific security and vulnerability management market is trending upward, influenced by increased digitalization in economies, economic expansion, and cyber threats. Increased usage of the internet, combined with digital transformation, is posing enhanced risks for businesses in the region. High-profile data breaches push organizations to be more aware and look for robust security and vulnerability management solutions. Government initiatives regarding new data protection laws and cybersecurity frameworks further boost the security demand. Besides this, awareness among the public, training programs, and competitive forces require these organizations to step up their security posture. This drives industries to adopt advanced security solutions like vulnerability management.

Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs.

The break-up of the primaries is as follows:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C-level Executives– 35%, Directors – 25%, Others – 40%
  • By Region: North America – 45%, Asia Pacific – 25%, Europe – 20%, Middle East and Africa – 5%, Latin America – 5%

Major vendors in the global Security and vulnerability management market include Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US) in the Security and vulnerability management market.
The study includes an in-depth competitive analysis of the key players in the security and vulnerability management market, their company profiles, recent developments, and key market strategies.

Research Coverage
The report segments the security and vulnerability management market and forecasts its size by Component (Software and Services), by software (Vulnerability Scanner, Patch Management, SIAM, Risk Assessment, Threat intelligence and Other Software), by Services (Professional Services, Managed Services), by Type (Endpoint Security, Network Security, Application Security, Cloud Security), by Target (Content Management Vulnerabilities, IoT Vulnerabilities, Application, Programming Interface (API) Vulnerabilities, Other Target Vulnerabilities (Server Technology Vulnerabilities, Database Vulnerabilities), by Deployment Mode (on-premises, cloud), by organization size (small and medium-sized enterprises, large enterprises), by Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, Manufacturing, Energy & Utilities, IT & ITeS, Retail & eCommerce, Telecommunications, Travel And Hospitality, Others (Education, Transportation, And Media & Entertainment).
The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall security and vulnerability management market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increase in vulnerabilities across the globe, growth in the deployment of third-party applications, high monetary losses and loss of critical data due to the absence of vulnerability management solutions, stringent regulatory standards and data privacy compliances), restraints (Difficulty in integrating with existing complex systems), opportunities (Widespread adoption of the industrial revolution, integration of advanced technologies with vulnerability management solutions for vulnerability prioritization and remediation, integration of vulnerability management and patch management solutions), and challenges (High initial installation, maintenance, and deployment cost, lack of appropriate parameters to prioritize risks, regularizing organizations’ vulnerability management program)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the security and vulnerability management market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the security and vulnerability management market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the security and vulnerability management market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in security and vulnerability management market strategies, including Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), and Tenable (US).