Patch Management Market Analysis, Emerging Trends, Key Players, Future Scope - PowerPoint PPT Presentation

About This Presentation
Title:

Patch Management Market Analysis, Emerging Trends, Key Players, Future Scope

Description:

Globally, the North American region was the largest user of patch management solutions in the recent past, and it is expected to retain its dominance in the foreseeable future as well. – PowerPoint PPT presentation

Number of Views:24
Slides: 10
Provided by: RahulGautam

less

Transcript and Presenter's Notes

Title: Patch Management Market Analysis, Emerging Trends, Key Players, Future Scope


1
2022
Patch Management Market Size, Business
Strategies, Opportunities, Growth, Challenges,
Business Trends and Forecast 2030
2
Business organizations across industries are
increasingly adopting automation solutions, as
they help achieve optimal efficiency, reduce
operational costs, and improve productivity. The
automation of information technology (IT)
departments facilitates the installation of
missing patches through automated workflows, to
avoid the requirement for manual remediation.
Thus, the increasing deployment of automated
solutions in IT departments of businesses will
facilitate the adoption of patch management
software, globally. Additionally, automation of
enterprises will also create an extensive
requirement for training, consulting, integration
and support, data protection, cloud computing,
software development, and network security
services. Moreover, the surging need to mitigate
vulnerabilities in the software will drive the
patch management industry at a healthy CAGR of
17.8 during the forecast period (20202030).
According to PS Intelligence, the market revenue
stood at 535.4 million in 2019 and it will reach
3,245.6 million by 2030. In recent years,
servers of enterprises have become extremely
vulnerable to cyber-attacks due to the growing
internet penetration. To reduce the surging
risks, businesses are deploying security
solutions and keeping systems updated.
3
In the preceding years, on-premises patch
management solutions were preferred over
cloud-based solutions, as the former offers full
control over the data of an organization and
provides improved security from external threats.
Furthermore, in the coming years, cloud-supported
solutions will also be adopted on a large scale
as they help reduce the total cost of ownership.
Cloud-enabled patch management solutions are
cost-effective because they do not require
enterprises to deploy or maintain data centers
and allow business organizations to focus on
their core business to attain optimum
efficiency. The industry segment of the patch
management market is classified into education,
IT and telecom, retail, healthcare, government,
banking, financial services, and insurance
(BFSI), and others, such as manufacturing,
hospitality, entertainment, and automotive. Among
these, the BFSI category is expected to exhibit
the fastest growth throughout the forecast
period, as this sector has to follow stringent
safety and security regulations to protect data
and keep its systems updated. This industry uses
patch management software to meet compliance
standards in a timely manner.
4
Globally, the North American region was the
largest user of patch management solutions in the
recent past, and it is expected to retain its
dominance in the foreseeable future as well. In
the region, the U.S. was the dominant user of
such solutions, due to the numerous cases of
cyber-attacks and strong presence of patch
management solution providing companies in the
nation, such as HPE Company, Microsoft
Corporation, Ivanti Inc., Oracle Corporation,
Micro Focus International Plc., and Qualys
Inc. Whereas, the Asia-Pacific (APAC) patch
management market is expected to demonstrate the
fastest growth during the forecast period, owing
to the surging number of small and medium-sized
enterprises (SMEs) in the region. Deployment of
patch management solutions in SMEs helps in
preventing the need for manual remediation of
identified nodes or gaps, which is otherwise not
feasible in such organizations due to their small
IT departments. Currently, SMEs are leveraging on
such digital technologies to keep their systems
updated and meet the evolving security and
compliance standards. Therefore, the rising
shift toward automation solutions and the
increasing incidence of cyber-attacks will
accelerate the adoption of patch management
solutions in the forthcoming years.
5
  • Market Segmentation by Component
  • Software
  • Service
  • Training
  • Consulting
  • Integration and support
  • Others (data protection, software development,
    cloud computing, and network security)
  • Market Segmentation by Deployment Type
  • Cloud
  • On-Premises
  • Market Segmentation by Feature
  • Vulnerability Management
  • Compliance Management

6
  • Market Segmentation by Industry
  • Banking, Financial Services, and Insurance (BFSI)
  • IT Telecom
  • Government
  • Healthcare
  • Retail
  • Education
  • Others (Manufacturing, Automotive, Hospitality,
    and Entertainment)
  • Market Segmentation by Region
  • North America Patch Management Market
  • By component         
  • By deployment type
  • By feature
  • By industry
  • By country U.S. and Canada

7
  • Europe Patch Management Market
  • By component         
  • By deployment type
  • By feature
  • By industry
  • By country U.K., Germany, France, Russia,
    Switzerland, and Rest of Europe
  • Asia-Pacific (APAC) Patch Management Market
  • By component         
  • By deployment type
  • By feature
  • By industry
  • By country China, India, Japan, Australia,
    South Korea, Singapore, New Zealand, and Rest of
    APAC
  • Rest of the World (RoW) Patch Management Market
  • By component         
  • By deployment type
  • By feature
  • By industry
  • By country Brazil, Saudi Arabia, South Africa,
    U.A.E., Mexico, and others

8
  • This study covers
  • Historical and the present size of the Patch
    Management Market
  • 2. Historical and the present size of the market
    segments and understand their comparative future
    potential
  • 3. Potential of on-demand logistics services, so
    the market players make informed decisions on the
    sales of their offerings
  • 4. Competitive scenario of various market
    segments across key countries in several regions
    for uncovering market opportunities for the
    stakeholders
  • 5. Major players operating in the market and
    their service offerings

9
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.
Write a Comment
User Comments (0)
About PowerShow.com