Vulnerability Management Market Segmentation:
Component Segment Analysis
The solutions segment is likely to capture vulnerability management market share of over 70.2% by 2035. The solutions segment is playing a critical role in driving the growth of the vulnerability management market. Factors such as increasing cybersecurity threats, the rise of cloud computing and IoT, regulatory compliance requirements, and the need for integrated security platforms are driving organizations to adopt advanced vulnerability management solutions.
With innovations in AI, machine learning, and automation, the demand for vulnerability management solutions is expected to continue rising. Automated vulnerability management solutions using AI and machine learning are expected to witness significant growth in the coming years, as businesses seek more efficient ways to manage the increasing number of vulnerabilities. AI-powered tools can reduce the time needed for detection and prioritization, driving their adoption. The number of enterprises implementing AI-driven vulnerability management solutions has increased by 40%, resulting in a 30% decrease in vulnerabilities.
Organization Size Segment Analysis
The large enterprises segment share in the vulnerability management market is expected to reach 64% by 2035. Large enterprises face unique cybersecurity challenges due to their complex infrastructures, vast amounts of sensitive data, and greater exposure to cyberattacks. Cybercriminals often target these organizations for intellectual property, financial information, and customer data. In April 2021, Facebook, one of the biggest corporations in the world, experienced one of its biggest data breaches, exposing the names, phone numbers, account names, and passwords of more than 530 million individuals to the public. Facebook identified the problem in the platform’s tool to sync contacts, citing hackers exploiting a vulnerability to scrape user profiles for customer data.
Additionally, large enterprises prioritize risk management as part of their overall business strategy, and cybersecurity is a vital component. Vulnerability management solutions help large enterprises identify, assess, and mitigate security risks, ensuring business continuity and protecting financial losses.
Our in-depth analysis of the vulnerability management market includes the following segments:
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