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Emerging Trends, Demands, Patch Management Market Forecast | Factors for business growth and development by 2030

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Growing demand for development, security and operations (DevSecOps) and surge in cyber attacks across the globe is driving the global patch management market

Patch Management Market Size – USD 714.8 million in 2021, Market Growth – at a CAGR of 10.3%, Market Trends – Rising geopolitical tensions and rise in state-sponsored cyberattacks.

— Emerging research

VANCOUVER, BC, CANADA, July 12, 2022 /EINPresswire.com/ — The Global patch management market the size was $714.8 million in 2021 and registers a revenue CAGR of 10.3% over the forecast period, according to the latest analysis from Emergen Research. Rising demand for development, security and operations (DevSecOps) and surge in cyber attacks globally and others are key factors driving the revenue growth of the global patch management market. Modern cloud-native applications benefit from the security approach provided by DevSecOps. Securing a cloud system with distributed applications is harder than it looks while due to some basic cloud features, implementing DevSecOps can be difficult.

The Patch Management Market report provides in-depth market analysis based on various parameters such as sales analysis, key driving factors, market trends, major market players, major investment pockets and size of the market, which help formulate sound business strategies. and make informed decisions. The global Patch Management market report covers a market overview and describes the definition and scope of the market. Ongoing technological developments and increasing demand are having an influential effect on the growth of the market.

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The global Patch Management market report provides a comprehensive study of the dynamic driving and restraining factors, major challenges and lucrative opportunities. Additionally, the study covers SWOT analysis which helps in recognizing the restraining and driving factors of the market. Further, the report describes market segmentation and growth analysis of the top 10 market players currently active in the industry. Drivers and opportunities help grasp dynamic trends in the market and how market players can take advantage of these trends.

Key Players profiled in the report are:

International Business Machines Corporation, Microsoft Corporation, Micro Focus, Qualys, Inc., SolarWinds Worldwide, LLC., Ivanti, ManageEngine (Zoho Corporation), Avast Software sro, SecPod Technologies and Automox.

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A few highlights

On July 30, 2020, Qualys, Inc. and Ivanti announced an expanded partnership to provide integration of Ivanti Patch Management technology within the Qualys Vulnerability Management Detection Response (VMDR) platform. It allows Qualys, Inc. customers to patch macOS systems, as well as over 70 third-party Mac applications, directly through Qualys VMDR.

Software segment revenue is expected to account for the largest share during the forecast period. By using automated patch management approaches, patch management software can fully automate patch management activities and save a lot of time, thereby improving network performance. This is expected to drive the growth of the market.

Revenue from the on-cloud segment accounted for the largest share in 2021. Various patch management platforms offer both cloud and on-platform support to meet the requirements of organizations. When managing and enforcing operating system security and third-party software updates across all endpoints, Cloud Patch Management uses cloud-based technologies.

Additionally, the report provides a comprehensive overview of the patch management market along with the product portfolio and market performance. The report offers key insights on market share, supply chain analysis, supply and demand ratio, import/export details, and product and consumption patterns. For better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

Browse Executive Summary & Full Table of Contents @ https://www.emergenresearch.com/industry-report/patch-management-market

Emergen Research has segmented the global patch management market based on component, deployment, vertical, and region:

Components Outlook (Revenue, USD Million, 2019-2030)

Software

Services

Consultant

Support and integration

Deployment Outlook (Revenue, USD Million, 2019-2030)

On the spot

Cloud

Industry Vertical Outlook (Revenue, USD Million, 2019-2030)

BFSI

Government & Defense

IT & Telecom

Others

The analysis of the segments and their growth projection is carried out by historical and current in-depth analysis of the market scenario. Additionally, the report provides details about the drivers and characteristics of the patch management market that are expected to drive the growth of the industry in the coming years.

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The global patch management market size was USD 714.8 million in 2021 and registers a revenue CAGR of 10.3% over the forecast period