Comprehensive software reviews to make better IT decisions
Global Vulnerability Management Market Outlook 2020-2023
Market researcher ResearchandMarkets.com has published its market outlook for vulnerability management tools.
ResearchandMarkets.com has conducted a market trends analysis for the years 2018 through 2023 and predicts that the vulnerability management tools market will grow in size from US$893 million (2018 figure) to US$1.638 billion by 2023. This represents a CAGR (Compound Annual Growth Rate) of 12.9%.
In light of this market prediction, ResearchandMarkets.com’s position on vulnerability management vendors is as follows:
“As a mature, 20-year-old market, suppliers have their fundamentals down pat, with slight variations in performance and scale that can make the case for differentiation in certain vertical markets. However, with threats mounting, network complexity increasing, customer in-house expertise declining, and data volumes skyrocketing, customers are pushing VM suppliers to step up their game in many areas.”
ResearchandMarkets.com also highlights labor shortages that exist within the security industry and recognizes the efforts of vulnerability management vendors in developing more user-friendly and intuitive tools for security analysts.
Fuel Fox, citing data from Data Bridge Market Research’s report with an extended timespan, predicts a CAGR of 10.28% over a forecast period of 2019 to 2016.
ResearchandMarkets.com’s note on vendor differentiation is evident; as a recent example, Qualys had announced its new product offering, VMDR (Vulnerability management, Detection, and Response) at RSA Conference 2020, which adds patch deployment and asset management to its vulnerability management offering.
The forecasted market growth rate of vulnerability management is indicative of the increased risk of vulnerabilities to which organizations are exposed. Although the vulnerability management market itself is quite mature, the doubling of the market for tools coupled with an increased prevalence of organizational security compromise demonstrates the glaring number of organizations that are still unprepared for an attack.
Additionally, it’s noted that the global COVID-19 pandemic has increased the need for vigilance in vulnerability management as organizations’ attack surfaces may have widened due to the proliferation of remote workers and a remote work environment. Information Security department must remain diligent! Now is not the time to ease up on vulnerability management.
Want to Know More?
Have you ever thought of what else you could do to take your security operations center (SOC) to the next level and focus on prevention? Look no further – external attack surface management (EASM) was a popular managed service and topic of discussion at Rivest–Shamir–Adleman (RSA) Conference 2023, named after a popular public-key cryptosystem.
Qualys VMDR and Ivanti have announced a new partnership dedicated to improving the detection and patching of vulnerabilities. Announced July 30, the Qualys and Ivanti Partnership have already gone live as an integrated component of the VMDR solution.
RiskSense announced on July 13 its new version of the cloud-delivered RiskSense risk management platform. The main draw of the program is its holistic risk calculation across CVEs and CWEs.
Cyberthreats are omnipresent for any enterprise. Monitoring ingress and egress points while still conducting business is a balance security professionals attempt to strike. Couple this with the continued security issues around remote work during the pandemic, and security teams have their hands full.
On May 26, Kenna Security released its new Prioritization to Prediction Benchmark Survey. This free tool provides organizations with the ability to compare their vulnerability management programs to industry averages Kenna Security has compiled over the years.
COVID-19 has changed a great deal about how businesses operate. From a security perspective, however, COVID-19 caught many businesses off guard. The shift from working in the office to working from home has made it difficult for security measures to keep pace. Specifically, how are businesses meant to maintain the same secure networks when their employees are no longer working in the office? Outside of the security of the IT departments, IT and security have a tough time ensuring that patching and vulnerability management remain at the forefront of a business’s priorities.
Google has identified “unsafe” code in the Chromium web browser engine. This flaw introduces a potential vulnerability that effects Google Chrome, as well as all Chromium-based web browsers.
More than ever, cybersecurity solutions are core to any MSPs offering. No longer should technology service providers be farming this out to dedicated security providers. Trust and peace of mind are the core tenets of what they are selling and solutions like Acronis Cyber Protect Cloud can provide the platform upon which to deliver on those promises.
Kenna Security deployed their new data driven vulnerability management program, Kenna.VM and accessory program, Kenna.VI. Released on April 28th, Kenna.VM was created with the purpose to set service-level agreements (SLAs) with risk tolerance in mind.