Analysis of the Vulnerability Management Market
This Frost & Sullivan research service titled Analysis of the Vulnerability Management Market provides market forecasts, growth analysis, competitive intelligence, and strategic recommendations. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: network appliances, enterprise software, and software-as-a-service (SaaS).
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Technological Innovations Necessitate Greater Sophistication in Vulnerability Management Solutions
Vulnerability Management Solutions Become an Essential Component in Businesses’ Network Security Architecture
Vulnerability management is a fundamental tool in an organization’s information security setup, as the frequency and complexity of cyber attacks have been on the rise. A spate of high-profile cyber security breaches has piqued enterprises’ interest in vulnerability management. The ubiquity of online threats is forcing organizations of all sizes to update their information security programs to protect their sensitive and critical data. This has prompted vendors to fine-tune their security functionality to better addresses emerging technologies and changing business practices.
“Further, innovative technologies such as virtualization, cloud computing, and bring-your-own-device (BYOD) open the door to new data security threats,” says the analyst of this research. “These technologies have rejuvenated the vulnerability management market.” Cloud computing has especially been under the scanner, as businesses are increasingly relying on it for critical applications. However, it comes with a host of attendant security concerns regarding third-party management of sensitive customer data. Vulnerability management vendors that are alert to these issues are developing cloud connectors to enable businesses to scan their online assets for vulnerabilities.
As vendors collectively update their product offerings, the market is becoming more competitive. Vendors must not only find a way to stand out in the market but also cater to the rising demand for easy purchase and deployment options. They have to make concerted efforts to meet customer expectations of security products that are more efficient and easy to use. “Vulnerability management vendors must develop a strategy to cope with the industry trend of convergence with adjacent security and risk management technologies,” notes the analyst. “To remain competitive, they need to anticipate market needs and adapt their product and marketing strategies to highlight new product features and functionalities.”
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Network appliances
- Enterprise software
- Software-as-a-service (SaaS)
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