Security and Vulnerability Assessment Market will reach US$ 15 Billion by 2024

Security and Vulnerability Assessment Market will reach US$ 15 Billion by the year 2024.

Vulnerability assessment is the process of identifying, classifying and ranking the vulnerabilities in a system. The vulnerability assessment process may include automated or manual techniques with an importance on comprehensive coverage and several degrees of severity. Using a risk based perspective, vulnerability assessments may aim various layers of technology; the most common of which are network, host and application-layer assessments. Security and Vulnerability Assessment Market will reach US$ 15 Billion by the year 2024.

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These days, vulnerability assessments are used in several systems, including information technology, communication, energy supply, water supply and transportation. These assessments can be conducted on behalf of a choice of different organizations, from small enterprises to large regional infrastructures. For instance: software vulnerability includes:

• A flaw in software or a bug in code that can be subjugated to cause harm. Software exploitation may crop up by an authenticated or unauthenticated invader.
• A fault in internal procedures or a gap in security systems that when compromised, out-turns in a security breach.

How Important is Vulnerability Assessments

Vulnerability assessments can help organizations in locating the vulnerabilities in their system, software or any other supporting setting and proposes solution on how to assess these weaknesses and associated risks, developing threats to the organization or before they can be exploited. A complete vulnerability assessment together with a proper management program can help organizations enhance the security of organization’s systems. The vulnerability assessment process suggests the organization a better way of understanding its security defect, assets and overall risk, lessen the probability of a hacker or cybercriminal will infringe their systems and catch their business off guard.

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With increasing threats of cyber attacks, vulnerability assessment for any organization has become more essential. Today, organizations of any size or even an individual who have an increased risk of cyber attacks, can be benefitted from some sort of vulnerability assessment, but large business firms and other types of organizations such as social, political, environmental or economic that are subject to ongoing cyber attacks will benefit the most from vulnerability assessment. Vulnerability from the outlook of disaster management means assessing the threats from potential risk to the infrastructure and to the population.

Today, security and vulnerability assessment has gone from being something that only big organizations do to an increasingly important part of the security function for any individual or organization. A number of reasons can be attributed to this such as the adoption of cloud, the ever increasing threat of data infiltration, the sudden increase of devices interacting with data and regulatory requirements affecting companies of all sizes. As a result, security and vulnerability assessment market is expected to grow vigorously in the forthcoming years. In addition; reduction in the cost of vulnerability assessment services and increasing number of service providers is also expected to drive Global Vulnerability Assessment Market positively in the near future.

Market Summary

• On the basis of Segments, Security Information and Event Management Market (SIEM) has the highest market share in Global Security and Vulnerability Assessment Market. The other two segments studied in the research report are Policy and Compliance Market and Forensic and Incident Investigation Market.
• Based on End-User, the market has been divided into the Enterprise, Mid-Size and Small Business. Currently Enterprise controls the Security Information & Event Management. The market is growing due to difficult nature of cyber attacks on large enterprises.
• Region-wise, report covers the Security Information and Event Management Market of following regions: North America, Europe, Asia Pacific, South America and Rest of the World (ROW).
• Based on Industry, Security Information and Event Management Market is covered by 7 industries: Financial Services, IT & Telecommunication, Government, Retail, Healthcare, Education and Others.
• Vulnerability Assessment market is divided into two parts in this report Device Vulnerabilities Assessment and Application Scanners.

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Key Topics Covered :

1. Executive Summary

2. Global Security & Vulnerability Assessment Market

3. Market Share – Global Security & Vulnerability Assessment

3.1 By Application

3.2 Global Vulnerability Assessment
3.3 Security Information and Event Management
3.4 Company Share Analysis

4. Global Security Management Market

4.1 Security Information and Event Management (SIEM)
4.2 Policy and Compliance Market
4.3 Forensics and Incident Investigation Market

5. Market – Global Security Information and Event Management (SIEM)

5.1 By Regions
5.2 By End Users
5.3 By Deployment
5.4 By Industry

6. Segments – Global Vulnerability Assessment Market

6.1 Device Vulnerbility Assessment Market
6.2 Application Scanners Vulnerbility Assessment Market

7. Industry – Vulnerabilities Profile

7.1 Window of Exposure
7.2 Vulnerabilities by Mobile App Category

8. Company Analysis

8.1 IBM
8.2 HPE
8.3 Splunk
8.4 Qualys

9. Growth Drivers

9.1 Rising Global Enterprise Security Spending
9.2 Global Average Cost of Cyber Crime

10. Challenges

10.1 Lack of Awareness for Security in SMEs

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