Global Device Vulnerability Management Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Device vulnerability management, also known as vulnerability management or vulnerability assessment, is the process of identifying, assessing, and mitigating vulnerabilities in computer systems, networks, and devices. It involves a systematic approach to proactively discover, analyze and address security weaknesses that could be exploited by attackers to gain unauthorized access, compromise data, or disrupt systems. The major driving factors boosting the market growth is increasing cases of cyber-crimes, rapid growth in cloud computing and increasing investment in data security and privacy initiatives by the government organizations.
According to estimations from Statista's Cybersecurity Outlook, the cost of cybercrime globally is expected to increase over the next five years, going from USD 8.44 trillion in 2022 to USD 23.84 trillion by 2027. To prevent cybercrimes, the demand in cloud computing will increase. According to Statista, it was predicted that the cloud computing industry would earn over USD 400 billion in sales in 2022, and currently showing very little sign of slowing down. Cloud computing refers to the usage of networks of remote servers that are typically accessed through the internet in order to store, manage and process data. Moreover, the growing mobile market with internet and progressive innovative solutions for cyber security will create abundant opportunities for the market growth. However, the lack of awareness about the benefits of device vulnerability management stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Device Vulnerability Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the huge demand resulting from the requirement to protect device data and is expected to follow a similar pattern during the projection period. However, Asia Pacific is expected to become the fastest growing during the forecast period, because adoption of cloud-based technology has increased over the expected time frame. Emerging economies such as China and India are predicted to expand rapidly as a result of technology advancement.
Major market player included in this report are:
- Hewlett Packard
- IBM Corporation
- EMC Corporation
- Intel Security (McAfee)
- Symantec Corporation
- GFI Software
- OpenText Corporation (NetIQ)
- Qualys Inc.
- Tripwire, Inc.
- Rapid7Inc.
Recent Developments in the Market:
- In May 2023, HPE and Tokyo Tech collaborated to build the TSUBAME4.0 supercomputer for artificial intelligence, research, and innovation.
- In May 2023, IBM launched a $100 million partnership with international universities to develop novel technologies for a 100,000-Qubit quantum-centric supercomputer.
Global Device Vulnerability Management Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End-User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By End-User:
- Small & Medium-sized Enterprises (SMBS)
- Enterprises
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Device Vulnerability Management Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Device Vulnerability Management Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Device Vulnerability Management Market, by End-User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Device Vulnerability Management Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Device Vulnerability Management Market Dynamics
- 3.1. Device Vulnerability Management Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing cases of cyber crimes
- 3.1.1.2. Rapid growth in cloud computing
- 3.1.1.3. Increasing investment in data security and privacy initiatives
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of awareness about the benefits
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing mobile market
- 3.1.3.2. Increase in innovative solutions for cyber security
Chapter 4. Global Device Vulnerability Management Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Device Vulnerability Management Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Device Vulnerability Management Market by Type, Performance - Potential Analysis
- 5.3. Global Device Vulnerability Management Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Device Vulnerability Management Market, Sub Segment Analysis
- 5.4.1. Solutions
- 5.4.2. Services
Chapter 6. Global Device Vulnerability Management Market, by End-User
- 6.1. Market Snapshot
- 6.2. Global Device Vulnerability Management Market by End-User, Performance - Potential Analysis
- 6.3. Global Device Vulnerability Management Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
- 6.4. Device Vulnerability Management Market, Sub Segment Analysis
- 6.4.1. Small & Medium-sized Enterprises (SMBS)
- 6.4.2. Enterprises
Chapter 7. Global Device Vulnerability Management Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Device Vulnerability Management Market, Regional Market Snapshot
- 7.4. North America Device Vulnerability Management Market
- 7.4.1. U.S. Device Vulnerability Management Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. End-User breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Device Vulnerability Management Market
- 7.5. Europe Device Vulnerability Management Market Snapshot
- 7.5.1. U.K. Device Vulnerability Management Market
- 7.5.2. Germany Device Vulnerability Management Market
- 7.5.3. France Device Vulnerability Management Market
- 7.5.4. Spain Device Vulnerability Management Market
- 7.5.5. Italy Device Vulnerability Management Market
- 7.5.6. Rest of Europe Device Vulnerability Management Market
- 7.6. Asia-Pacific Device Vulnerability Management Market Snapshot
- 7.6.1. China Device Vulnerability Management Market
- 7.6.2. India Device Vulnerability Management Market
- 7.6.3. Japan Device Vulnerability Management Market
- 7.6.4. Australia Device Vulnerability Management Market
- 7.6.5. South Korea Device Vulnerability Management Market
- 7.6.6. Rest of Asia Pacific Device Vulnerability Management Market
- 7.7. Latin America Device Vulnerability Management Market Snapshot
- 7.7.1. Brazil Device Vulnerability Management Market
- 7.7.2. Mexico Device Vulnerability Management Market
- 7.8. Middle East & Africa Device Vulnerability Management Market
- 7.8.1. Saudi Arabia Device Vulnerability Management Market
- 7.8.2. South Africa Device Vulnerability Management Market
- 7.8.3. Rest of Middle East & Africa Device Vulnerability Management Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Hewlett Packard
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. IBM Corporation
- 8.3.3. EMC Corporation
- 8.3.4. Intel Security (McAfee)
- 8.3.5. Symantec Corporation
- 8.3.6. GFI Software
- 8.3.7. OpenText Corporation (NetIQ)
- 8.3.8. Qualys Inc.
- 8.3.9. Tripwire, Inc.
- 8.3.10. Rapid7 Inc.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption