Vulnerability Management as a Service (VMaaS) Market Synopsis
Vulnerability Management as a Service (VMaaS) Market Size Was Valued at USD 6.2 Billion in 2023, and is Projected to Reach USD 14.96 Billion by 2032, Growing at a CAGR of 10.28 % From 2024-2032.
VMaaS or Vulnerability Management as a Service is a specialized and fully managed service that aims at the disclosure, evaluation, and control of security exposures in the network environment of an organization. This service uses sophisticated systems for constant assessment, Samp;p; surveillance, and analysis of systems, applications, and networks to identify vulnerabilities that may be exploited by attackers. The VMaaS providers are several in providing proper priority to these vulnerabilities depending on the risk factors involved and proper time to work for their solutions, as well as various standards and acts that need to be followed in the organization. IT leaders looking to VMaaS also gain advantages in security postures, threat risk, and delegation of vulnerability management to dedicated experts to keep their businesses focused.
- The Vulnerability Management as a Service (VMaaS) market is fast growing due to the rising awareness that in the current world, being proactively secure is vital amidst hackers and crackers. Built-out services in this market are rather vast and span from continuous vulnerability scanning and threat assessment to prioritization of risks and generation of remediation strategies. VMaaS providers make use of emerging innovative technologies namely, machine learning, and artificial intelligence as well as automated processes that offer real-time VMs and exceptional vulnerability management. The main drivers that shape the growth of the market include the increasing need for communications services, the rising use of clouds, and linked devices, and the need for enhanced security measures due to strict rules that regulatory bodies set. The VMaaS solution is being adopted by small and medium-size enterprises or SMEs for the benefit of demanding enterprise-level security solutions but with less investment and trained resources available.
- Based on the information gathered, the competition among participants offering VMaaS is formed by both traditional cybersecurity companies and new market entrants that can offer complex and scalable solutions that meet certain industry demands. Small and big VMaaS providers are striving to update what they offer especially due to the dynamic nature of the threat landscape and new, more complex threats and threat vectors. Trends show the tendency towards combining vulnerability management with other-oriented security activities; thereby integrating those end-to-end oriented platforms.
- Furthermore, new trends around automation and artificial intelligence should provide increased improvements to VMaaS capabilities which in turn should help to identify and respond to threats much quicker and with increased efficiency. In any case, the market of VMaaS services is promising and is expected to experience fast development shortly due to the rising need for proper and comprehensive vulnerability assessment solutions in the modern business environment.
Vulnerability Management as a Service (VMaaS) Market Trend Analysis
Increasing integration of artificial intelligence (AI) and machine learning (ML) technologies
- They are being used to streamline vulnerability identification, risk management, and exposure or mitigation as well as to boost the speed and quality of the practice. AI and ML provide the capabilities to examine vast data sets to look for similar patterns with potential weaknesses and also open doors for VMaaS providers that provide advanced and more preventative security solutions. Thus, the a need to address the increasing challenge and volume of cyber threats manage fake positives, and improve efficiency and organizational excellence in vulnerability management workflows. The developments in AI and ML technologies show them being the primary strategic option for determining the future of VMaaS with increasingly improved security measures against growing threats.
Focus on Small and Medium-sized Enterprises (SMEs)
- A compelling argument for embracing VMaaS can therefore be made concerning the opportunities that exist in the SME market segment. It is quite common for SMEs not to have personnel and/or financial capabilities to support a more systematic and professional approach to vulnerability management and this makes many of them potential adopters of outsourcing solutions. By adopting the concept of VMaaS, the security solutions offered by VMaaS providers can be cost-effective to adopt by small businesses owing to their relatively low cost compared to traditional security solutions that would have been quite expensive for SMEs. Thus, the VMaaS providers need to come up with focused market segmentation initiatives and unique positioning claims that will give promising respect to ROI, simplicity, and robustness to novel market segments that may be easily reached out to.
Vulnerability Management as a Service (VMaaS) Market Segment Analysis:
Vulnerability Management as a Service (VMaaS) Market is segmented based on type and application.
By Type, Software segment is expected to dominate the market during the forecast period
- At the type level, the global Vulnerability Management as a Service (VMaaS) market has been divided into software and services; from where the software type segment is predicted to have the largest market share during the predicted period. It was found that several potential reasons made these countries. First, let us discuss that software solutions provide a more extensive and varied range of features being able to continually scan, monitor, and report on vulnerabilities in multiple IT systems. These solutions mostly use artificial intelligence, machine learning, and automation features to improve their effectiveness and effectiveness and therefore cannot be considered tools for shallow vulnerabilities insurance.
- Moreover, the expansion and diversions in the IT frameworks imply that they integrate an extensive range of services such as cloud services, IoT devices, and even the new work-from-home service, all of which require sound and flexible software solutions to operate efficiently. In the case of VMaaS solutions, the software tools are intended to give instant feedback about the current threat situation and the ability to respond promptly in order to maintain a good security stance. Furthermore, the possibilities to adjust and expand their use in meeting the needs of various enterprises are the primary benefits of these software solutions that attract the attention of a wide spectrum of industries. In line with diverse types of threats emerging in the market, there is an increasing need for more complex and enhanced vulnerability management software that all in all is an important factor fueling the growth and dominance of the segment in the VMaaS market.
By Application, the Bank segment is expected to hold the largest share
- The VMaaS market Segmentation by Vertical: Among all the verticals in the VMaaS market, the banking vertical holds the largest market share. This dominance is attributed to the fact that currently, security measures in banking industries have to meet strict regulatory measures and data security is usually threatened with high frequency for which complex security measures are required. Secure and efficient management of money: Banks control vast amounts of sensitive financial information and personal identification data that remain attractive for a cyberattack. Therefore, vulnerability management has become more sophisticated and requires the capability to monitor and detect threats in real time as well as offer reminders on resolving vulnerabilities.
- Also there are certain imposed compliance requirements that institutions must adhere to from regulatory bodies inclusive of the PCI DSS and other regional/national/ international data protection legislation. They entail proper vulnerability management approach to try and minimize incidences of data leakage and to follow the law. Banks are thus in a process of embracing VMaaS in order to bolster their security status, address the risk issues more effectively as well as meet the desired legal requirements. This heavy demand from the banking sector is what gives a substantial contribution to its share in the VMaaS market, underlining the importance of vulnerability management to safeguard the financial sector against ever-growing threats.
Vulnerability Management as a Service (VMaaS) Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The Asia Pacific region is expected to control the growth of worldās Vulnerability Management as a Service (VMaaS) market through the projection period thanks to a number of cannons. The trends and growth of using digital technologies have soared high in almost all industries such as finance, healthcare, manufacturing industries, etc has paved way for the usage of cloud services, IoT devices and systems, complex IT structures etc,. The current trend of embracing the digital platform increases the risk of cybersecurity attacks, and therefore an efficient vulnerability management system is also critical. Also, economic growth in the region and its huge population expands the demand for VMaaS products since the company receives more customers. The governments across the globe especially in developing countries like China, India and Japan have also established regulations regarding cybersecurity that mount pressure on organizations to adopt sophisticated security mechanisms to converge to the laid down standards and safeguard the vital information.
Active Key Players in the Vulnerability Management as a Service (VMaaS) Market
- Buchanan Technologies (United States)
- CGI UK (United Kingdom)
- Citadel (United States)
- CSW (United States)
- Datashield (United States)
- Dimension Data (South Africa)
- GoSecure (Canada)
- GuidePoint Security (United States)
- IBM (United States)
- Ingram Micro (United States)
- Ivanti (United States)
- Kontex Security (Ireland)
- NTT (Japan)
- Optiv (United States)
- Rapid7 (United States)
- SecurityHQ (United Kingdom), and Other key Players
Global Vulnerability Management as a Service (VMaaS) Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.2 Bn. |
Forecast Period 2024-32 CAGR: |
10.28 % |
Market Size in 2032: |
USD 14.96 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
Challenge of data privacy and compliance regulations |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By End-User
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Vulnerability Management as a Service (VMaaS) Market by Type
ā5.1 Vulnerability Management as a Service (VMaaS) Market Overview Snapshot and Growth Engine
ā5.2 Vulnerability Management as a Service (VMaaS) Market Overview
ā5.3 Software
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2016-2028F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Software: Geographic Segmentation
ā5.4 Solution
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2016-2028F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Solution: Geographic Segmentation
Chapter 6: Vulnerability Management as a Service (VMaaS) Market by End-User
ā6.1 Vulnerability Management as a Service (VMaaS) Market Overview Snapshot and Growth Engine
ā6.2 Vulnerability Management as a Service (VMaaS) Market Overview
ā6.3 BFSI
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2016-2028F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 BFSI: Geographic Segmentation
ā6.4 IT & Telecommunication
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2016-2028F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 IT & Telecommunication: Geographic Segmentation
ā6.5 Healthcare
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2016-2028F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Healthcare: Geographic Segmentation
ā6.6 Others
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2016-2028F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Others: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Positioning
āā7.1.2 Vulnerability Management as a Service (VMaaS) Sales and Market Share By Players
āā7.1.3 Industry BCG Matrix
āā7.1.4 Heat Map Analysis
āā7.1.5 Vulnerability Management as a Service (VMaaS) Industry Concentration Ratio (CR5 and HHI)
āā7.1.6 Top 5 Vulnerability Management as a Service (VMaaS) Players Market Share
āā7.1.7 Mergers and Acquisitions
āā7.1.8 Business Strategies By Top Players
ā7.2 IVANTI VMAAS
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Operating Business Segments
āā7.2.5 Product Portfolio
āā7.2.6 Business Performance
āā7.2.7 Key Strategic Moves and Recent Developments
āā7.2.8 SWOT Analysis
ā7.3 SERVICENOW
ā7.4 SYXSENSE ACTIVE SECURE
ā7.5 FLEXERA SOFTWARE VULNERABILITY MANAGEMENT
ā7.6 ASIMILY INSIGHT
ā7.7 RAPID7 MVM
ā7.8 QUALYS VMDR
ā7.9 CROWDSTRIKE FALCON SPOTLIGHT
ā7.10 BUCHANAN TECHNOLOGIES
ā7.11 CGI UK
ā7.12 CITADEL
ā7.13 CSW
ā7.14 DATASHIELD
ā7.15 DIMENSION DATA
ā7.16 GOSECURE
ā7.17 GUIDEPOINT SECURITY
ā7.18 IBM
ā7.19 INGRAM MICRO
ā7.20 KONTEX SECURITY
ā7.21 NTT
ā7.22 OPTIV
ā7.23 SECURITYHQ
ā7.24 STRATEJM
ā7.25 OTHER MAJOR PLAYERS
Chapter 8: Global Vulnerability Management as a Service (VMaaS) Market Analysis, Insights and Forecast, 2016-2028
ā8.1 Market Overview
ā8.2 Historic and Forecasted Market Size By Type
āā8.2.1 Software
āā8.2.2 Solution
ā8.3 Historic and Forecasted Market Size By End-User
āā8.3.1 BFSI
āā8.3.2 IT & Telecommunication
āā8.3.3 Healthcare
āā8.3.4 Others
Chapter 9: North America Vulnerability Management as a Service (VMaaS) Market Analysis, Insights and Forecast, 2016-2028
ā9.1 Key Market Trends, Growth Factors and Opportunities
ā9.2 Impact of Covid-19
ā9.3 Key Players
ā9.4 Key Market Trends, Growth Factors and Opportunities
ā9.4 Historic and Forecasted Market Size By Type
āā9.4.1 Software
āā9.4.2 Solution
ā9.5 Historic and Forecasted Market Size By End-User
āā9.5.1 BFSI
āā9.5.2 IT & Telecommunication
āā9.5.3 Healthcare
āā9.5.4 Others
ā9.6 Historic and Forecast Market Size by Country
āā9.6.1 U.S.
āā9.6.2 Canada
āā9.6.3 Mexico
Chapter 10: Europe Vulnerability Management as a Service (VMaaS) Market Analysis, Insights and Forecast, 2016-2028
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Type
āā10.4.1 Software
āā10.4.2 Solution
ā10.5 Historic and Forecasted Market Size By End-User
āā10.5.1 BFSI
āā10.5.2 IT & Telecommunication
āā10.5.3 Healthcare
āā10.5.4 Others
ā10.6 Historic and Forecast Market Size by Country
āā10.6.1 Germany
āā10.6.2 U.K.
āā10.6.3 France
āā10.6.4 Italy
āā10.6.5 Russia
āā10.6.6 Spain
āā10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Vulnerability Management as a Service (VMaaS) Market Analysis, Insights and Forecast, 2016-2028
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Software
āā11.4.2 Solution
ā11.5 Historic and Forecasted Market Size By End-User
āā11.5.1 BFSI
āā11.5.2 IT & Telecommunication
āā11.5.3 Healthcare
āā11.5.4 Others
ā11.6 Historic and Forecast Market Size by Country
āā11.6.1 China
āā11.6.2 India
āā11.6.3 Japan
āā11.6.4 Singapore
āā11.6.5 Australia
āā11.6.6 New Zealand
āā11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Vulnerability Management as a Service (VMaaS) Market Analysis, Insights and Forecast, 2016-2028
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Software
āā12.4.2 Solution
ā12.5 Historic and Forecasted Market Size By End-User
āā12.5.1 BFSI
āā12.5.2 IT & Telecommunication
āā12.5.3 Healthcare
āā12.5.4 Others
ā12.6 Historic and Forecast Market Size by Country
āā12.6.1 Turkey
āā12.6.2 Saudi Arabia
āā12.6.3 Iran
āā12.6.4 UAE
āā12.6.5 Africa
āā12.6.6 Rest of MEA
Chapter 13: South America Vulnerability Management as a Service (VMaaS) Market Analysis, Insights and Forecast, 2016-2028
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Software
āā13.4.2 Solution
ā13.5 Historic and Forecasted Market Size By End-User
āā13.5.1 BFSI
āā13.5.2 IT & Telecommunication
āā13.5.3 Healthcare
āā13.5.4 Others
ā13.6 Historic and Forecast Market Size by Country
āā13.6.1 Brazil
āā13.6.2 Argentina
āā13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Vulnerability Management as a Service (VMaaS) Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.2 Bn. |
Forecast Period 2024-32 CAGR: |
10.28 % |
Market Size in 2032: |
USD 14.96 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
Challenge of data privacy and compliance regulations |
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Vulnerability Management as a Service (VMaaS) Market research report is 2024-2032.
Buchanan Technologies, CGI UK, Citadel, CSW, Datashield, Dimension Data, GoSecure, GuidePoint Security, IBM, Ingram Micro, and Other Major Players.
The Vulnerability Management as a Service (VMaaS) Market is segmented into Type, Application, and region. By Type, the market is categorized into Software, Solution. By Application, the market is categorized into Finance, Bank, Medical, Telecommunications, Other. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
VMaaS or the Vulnerability Management as a Service is a specialized and fully-managed service which aims at the disclosure, evaluation, and control of security exposures in the network environment of an organization. This service uses sophisticated systems for constant assessing, Samp;p;veillance, and analyzing of systems, applications and networks to identify vulnerabilities that may be exploited by attackers. The VMaaS providers are several in providing proper priority to these vulnerabilities depending on the risk factors involved and proper time to work for their solutions, as well as various standards and acts that need to be followed in the organization. IT leaders looking to VMaaS also gain advantages in security postures, threat risk, and delegation of vulnerability management to dedicated experts to keep their business focuses.
Vulnerability Management as a Service (VMaaS) Market Size Was Valued at USD 6.2 Billion in 2023, and is Projected to Reach USD 14.96 Billion by 2032, Growing at a CAGR of 10.28 % From 2024-2032.