The Asia Pacific Security and Vulnerability Management Market would witness market growth of 8.8% CAGR during the forecast period (2021-2027).
This solution is mostly used by various companies for proper monitoring of security policy and to eliminate the chances of vulnerabilities. In addition, Security and vulnerability facilitates security solutions to become simple, cost-effective, and easy by improving the level of automation, accuracy and nature of security with less consumption time. Moreover, the ability of these systems to detect and remove threats from the system is considered as the major advantage. Conversely, these systems cannot detect dynamic threats, thereby becoming a major barrier to the adoption of such systems.
The vulnerability management process is divided into four steps: vulnerability identification, vulnerability evaluation, vulnerability treatment, and vulnerability reporting. Conducting continuous and regular vulnerability assessments allow companies to comprehend the efficiency and speed of their vulnerability management solutions. In addition, these solutions offer varied options for visualizing and exporting vulnerability scanned data with a wide range of customizable dashboards and reports. This assists companies in following compliance and regulatory measures along with supporting IT teams in identifying proper remediation techniques that would assist them to fix the vulnerabilities with lesser efforts.
The cybersecurity attacks and BYOD data breaches are slowly picking up the pace in Asia-Pacific. As a result, the region is conducive for the growth and demand of security and vulnerability management solutions. According to a report by ESET Enterprise, nearly one out of five business companies suffered from more than six security breaches in this region in the past few years. Due to the rise in the number of cyber-attacks in this region, the key players of the market are focusing on strengthening their defensive capabilities. This has constantly gained interest from the governments of nations across this region.
In accordance with China's National Computer Network, Emergency Response Technical Team (CNCERT) stated that in recent years, around 14,000 servers in the US were contaminated with Trojan virus or botnets that are connected with 3.34 million computers in China that represent approximately 90.8% increase in attacks year by year. Moreover, nations such as Thailand, Singapore, Malaysia, Indonesia, Australia, Japan, the Philippines, and Sri Lanka are heavily adopting security and vulnerability management solutions as they comprise detailed and upgraded cybersecurity strategies. Therefore, this region would exhibit an increase in the demand and growth of the security and vulnerability management market.
The China market dominated the Asia Pacific On-premise Security and Vulnerability Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $637.6 million by 2027. The Japan market is showcasing a CAGR of 6.8% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 8% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Type, the market is segmented into Content Management Systems Vulnerabilities, API Vulnerabilities, IoT Vulnerabilities, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Energy & Utility, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Security and Vulnerability Management Market is Projected to reach USD 20.1 Billion by 2027, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tenable®, Inc., F-Secure Corporation, Skybox Security, Inc., IBM Corporation, Qualys, Inc., Rapid7, Inc., Check Point Software Technologies Ltd., Digital Defense, Inc. (HelpSystems, LLC), Tripwire Inc. (Belden, Inc.), and AT&T Cybersecurity (AT&T, Inc.).
By Component
By Type
By Deployment Type
By Enterprise Size
By End User
By Country
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