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[ 英語タイトル ] Patch Management Market by Component (Patch Management Software and Services), Service (Consulting, Support & Integration), Deployment (Cloud and On-Premises), Vertical (BFSI, Government & Defense, IT & Telecom), and Region - Global Forecast to 2024


Product Code : MNMICT00107058
Survey : MarketsandMarkets
Publish On : February, 2021
Category : ICT and Telecom
Study Area : Global
Report format : PDF
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[Report Description]

The patch management market is expected to grow at a CAGR of 10.7% during the forecast period owing to the increasing vulnerabilities to promote patch management solutions and growing demand for up-to-date Operating Systems (OS)/applications to drive the patch management market during the forecast period
The global patch management market size is expected to grow from USD 589 million in 2019 to USD 979 million by 2024, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. The increasing deployments of third-party applications and favorable government regulations are the major factors driving the growth of the patch management market.
Patch management software segment to hold a higher market share during the forecast period
Patch management software enables business enterprises to review, understand, test, deploy, and reconcile the deployment state for software product updates. It also automates the upgradation process to keep all applications up-to-date with the latest patches. Furthermore, it helps correct problems, close vulnerabilities, and improve product functionalities, which are essential for the stability of IT infrastructure in most environments. Software vendors publish the patches in 4 different approaches, namely, binary executable patch, source code patch, service pack, and firmware patch. The patches for proprietary software can be published as binary executables, as the source codes are withheld by their vendors. These patches modify or replace the specified files of software programs when users execute the patches. Source code patches often come out of open-source projects or shareware, and are published via author websites or open-source directories, such as SourceForge and CodePlex. Service packs are bulky patches that can significantly change programs delivered as new software packages, whereas firmware patches are used to update the internal control over hardware devices.
Cloud deployment to grow at a significant rate during the forecast period
The cloud deployment segment simplifies and strengthens patch management by moving all infrastructure, content, and device management operations to a centralized environment available 24×7 globally. Several business enterprises can connect with mobile devices and bridge the gap of missing/critical patches through automated patch management and cloud services. Furthermore, the cloud deployment offers a unified way in the form of Software-as-a-Service (SaaS) based security services to secure business applications. It is also beneficial for organizations with strict budgets for security investments. It is the most preferred deployment for securing web and mobile applications, and is used by most of the Small and Medium-sized Enterprises (SMEs) as it is easy to maintain and upgrade.
North America to have the largest market size during the forecast period
North America is a frontrunner in technological adoption. The patch management market in North America is very competitive due to the presence of a large number of solution providers. The North American market is highly regulated and controlled by various government standards and regulations. The major economies in this region are the US and Canada. The US and Canada have been expansively implementing patch management applications to avoid ransomware attacks. North America has developed a robust infrastructure for the implementation of cybersecurity solutions. The deep penetration of internet applications and increase in vulnerable devices in North America have given rise to different vulnerabilities causing miscellaneous ransomware attacks. This is evident from the fact that HIMSS Healthcare and Cross-Sector Cybersecurity report published in 2018, identified the flaws with Intel Central Processing Unit (CPU) hardware making it vulnerable to side-channel attacks. And as per the National Vulnerability Database (NVD) maintained by National Institute of Standards and Technology (NIST) and Common Vulnerability and Exposures (CVE) database maintained by MITRE, over 14,500 new vulnerabilities in 2017 was recorded compared to 2,000 till March 2018.
In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profiles of the primary participants is as follows:
• By Company: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-level Executives – 35%, Directors – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%, RoW – 5%
The patch management market includes various major vendors, such as IBM (US), Microsoft (US), Symantec (US), Micro Focus (UK), Qualys (US), SolarWinds (US), Ivanti (US), ManageEngine (US), ConnectWise (US), Avast (Czech Republic), Automox (US), GFI Software (US), Jamf (US), Chef Software (US), and SysAid Technologies (Israel).
Research coverage:
The report includes an in-depth competitive analysis of the key players in the patch management market along with their company profiles, recent developments, and key market strategies. The report segments the patch management market by component (patch management software and services), service (consulting, training and education, and support and integration), deployment (on-premises and cloud), vertical, and region.
Key benefits of buying the report:
The patch management market has been segmented based on component (patch management software and services), service (consulting, training and education, and support and integration), deployment (on-premises and cloud), vertical, and region.
The report will help the market leaders/new entrants in the patch management market in the following ways:
1. The overall patch management market revenue stream has been estimated based on the revenues generated by vendors, offering patch management software and services, wherein services are inclusive of consulting, training and education, and support and integration services. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are split further into regions, such as North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report will help the stakeholders understand the competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 MARKET SEGMENTATION 18
1.3.2 REGIONS COVERED 18
1.4 YEARS CONSIDERED FOR THE STUDY 19
1.5 CURRENCY CONSIDERED 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Breakup of primary profiles 21
2.1.2.2 Key industry insights 22
2.2 MARKET BREAKUP AND DATA TRIANGULATION 23
2.3 MARKET SIZE ESTIMATION 24
2.3.1 TOP-DOWN APPROACH 24
2.3.2 BOTTOM-UP APPROACH 25
2.4 MARKET FORECAST 25
2.5 COMPETITIVE LEADERSHIP METHODOLOGY 26
2.6 ASSUMPTIONS FOR THE STUDY 26
2.7 LIMITATIONS OF THE STUDY 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE PATCH MANAGEMENT MARKET 32
4.2 PATCH MANAGEMENT MARKET, BY COMPONENT, 2019 32
4.3 PATCH MANAGEMENT MARKET, BY SERVICE, 2019–2024 33
4.4 PATCH MANAGEMENT MARKET, MARKET SHARE OF TOP 3 VERTICALS AND REGIONS, 2019 33
4.5 PATCH MANAGEMENT MARKET, BY DEPLOYMENT, 2019 34
4.6 MARKET INVESTMENT SCENARIO 34

5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
5.2.1 DRIVERS 36
5.2.1.1 Increasing vulnerabilities to promote patch management solutions 36
5.2.1.2 Growing demand for up-to-date OS/applications 36
5.2.1.3 Increasing deployment of third-party applications 36
5.2.1.4 Favorable government regulations 36
5.2.2 RESTRAINTS 37
5.2.2.1 Low priority of vulnerability remediation 37
5.2.3 OPPORTUNITIES 37
5.2.3.1 Cultural shift from manual to automated patch management 37
5.2.3.2 Increasing market for mobile and web platforms 37
5.2.4 CHALLENGES 38
5.2.4.1 Lack of awareness about cybersecurity 38
5.2.4.2 Application compatibility and patch testing issues 38
5.3 USE CASES 38
5.3.1 MICRO FOCUS 38
5.3.2 ANUNTA TECHNOLOGIES 39
5.3.3 HEIMDAL SECURITY 39
5.3.4 GFI SOFTWARE 39
5.4 OPPORTUNITIES FOR MANAGED SERVICE PROVIDERS 40
5.4.1 PALISADE SECURE 40
5.4.2 ANUNTA TECHNOLOGIES 40
6 PATCH MANAGEMENT MARKET, BY COMPONENT 41
6.1 INTRODUCTION 42
6.2 PATCH MANAGEMENT SOFTWARE 43
6.2.1 NEED TO ELIMINATE VULNERABILITIES AND IMPROVE PRODUCT FUNCTIONALITIES TO DRIVE GROWTH OF PATCH MANAGEMENT SOFTWARE SEGMENT 43
6.3 SERVICES 44
6.3.1 GROWING NEED TO SAFEGUARD MOBILE AS WELL AS WEB APPLICATIONS TO DRIVE GROWTH OF SERVICES SEGMENT 44

7 PATCH MANAGEMENT MARKET, BY SERVICE 46
7.1 INTRODUCTION 47
7.2 CONSULTING 48
7.2.1 NEED TO PREVENT REVENUE LOSSES, MINIMIZE RISKS, UNDERSTAND MATURITY OF SECURITY SOLUTIONS, AND ENHANCE SECURITY IN EXISTING IT SYSTEMS TO FUEL GROWTH OF CONSULTING SEGMENT 48
7.3 TRAINING AND EDUCATION 49
7.3.1 INCREASING DEMAND OF CRITICAL SKILLS FOR IMPROVING OVERALL SECURITY OF PERSONAL DEVICES, LAPTOPS, AND OTHER COMPUTING DEVICES DRIVING GROWTH OF TRAINING AND EDUCATION SEGMENT 49
7.4 SUPPORT AND INTEGRATION 50
7.4.1 TECHNOLOGY SHIFT FROM TRADITIONAL TO DIGITAL PAYMENTS FOR IMPROVING CUSTOMER EXPERIENCE DRIVING GROWTH OF SUPPORT AND INTEGRATION SEGMENT 50
8 PATCH MANAGEMENT MARKET, BY FEATURE 52
8.1 INTRODUCTION 53
8.2 VULNERABILITY MANAGEMENT 53
8.2.1 INCREASING DEMAND FOR API-BASED INTEGRATION SERVICES TO FUEL THE ADOPTION OF VULNERABILITY MANAGEMENT APPLICATIONS 53
8.3 COMPLIANCE MANAGEMENT AND REPORTING 53
8.3.1 RISING DEMAND FOR REPORTING VARIOUS VULNERABILITIES TO FUEL THE ADOPTION OF COMPLIANCE MANAGEMENT AND REPORTING APPLICATIONS 53
9 PATCH MANAGEMENT MARKET, BY DEPLOYMENT 54
9.1 INTRODUCTION 55
9.2 ON-PREMISES 56
9.2.1 GROWING NEED TO SAFEGUARD SENSITIVE DATA, FINANCIAL RECORDS, ACCOUNTING INFORMATION, AND MONEY TRANSFERS TO FUEL THE GROWTH OF ON-PREMISES DEPLOYMENT 56
9.3 CLOUD 57
9.3.1 NEED TO BRIDGE THE GAP OF MISSING/CRITICAL PATCHES THROUGH AUTOMATED PATCH MANAGEMENT TO DRIVE THE GROWTH OF CLOUD DEPLOYMENT 57
10 PATCH MANAGEMENT MARKET, BY VERTICAL 59
10.1 INTRODUCTION 60
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 61
10.2.1 GROWING NEED TO MONITOR AND REPORT MISSING/OPERATION CRITICAL PATCHES TO DRIVE GROWTH OF PATCH MANAGEMENT MARKET IN BFSI VERTICAL 61
10.3 GOVERNMENT AND DEFENSE 62
10.3.1 NEED FOR SECURED DEFENSE-BASED SYSTEMS AND APPLICATIONS DRIVING GROWTH OF PATCH MANAGEMENT MARKET IN DEFENSE VERTICAL 62
10.4 RETAIL 63
10.4.1 NEED TO REDUCE CYBER RISKS AND MAINTAIN IT INFRASTRUCTURE SECURITY TO DRIVE THE MARKET GROWTH IN RETAIL VERTICAL 63
10.5 HEALTHCARE 64
10.5.1 NEED TO PROTECT PATIENT DATA AND PAYMENT INFORMATION TO DRIVE THE MARKET GROWTH IN HEALTHCARE VERTICAL 64
10.6 IT AND TELECOM 65
10.6.1 INCREASED ATTACKS ON CRITICAL INFRASTRUCTURE TO DRIVE THE MARKET GROWTH IN IT AND TELECOM VERTICAL 65
10.7 EDUCATION 66
10.7.1 NEED TO AVOID BUG-AFFECTED APPLICATIONS AND SYSTEMS DRIVING THE MARKET GROWTH IN EDUCATION VERTICAL 66
10.8 OTHERS 67
11 PATCH MANAGEMENT MARKET, BY REGION 68
11.1 INTRODUCTION 69
11.2 NORTH AMERICA 70
11.2.1 UNITED STATES 74
11.2.1.1 Rapid growth in technological innovations and increased use of internet to drive the growth of the patch management market in the US 74
11.2.2 CANADA 74
11.2.2.1 Government initiatives to secure network system to set the growth of the patch management market in Canada 74
11.3 EUROPE 74
11.3.1 UNITED KINGDOM 77
11.3.1.1 Government regulations working as a catalyst to drive the growth of the patch management market in the UK 77
11.3.2 GERMANY 77
11.3.2.1 Changing market dynamics due to business expansion strategies by large enterprises to fuel the growth of the patch management market in Germany 77
11.3.3 REST OF EUROPE 77
11.4 ASIA PACIFIC 78
11.4.1 CHINA 81
11.4.1.1 Changing paradigm of cybersecurity industry to drive the growth of patch management technology in China 81
11.4.2 JAPAN 81
11.4.2.1 Adoption of patch management solutions for third-party application providers to drive the market in Japan 81
11.4.3 INDIA 82
11.4.3.1 Government initiatives to fuel the growth of the patch management market in India 82
11.4.4 AUSTRALIA AND NEW ZEALAND 82
11.4.4.1 Adoption of cybersecurity regulations to drive the growth of the patch management market in ANZ 82
11.4.5 REST OF ASIA PACIFIC 82

11.5 MIDDLE EAST AND AFRICA 82
11.5.1 MIDDLE EAST 85
11.5.1.1 Adoption of patch management solution by enterprises to improve security to drive the growth of the market in the Middle East 85
11.5.2 AFRICA 85
11.5.2.1 Changing paradigm of the cybersecurity industry to drive the growth of patch management technology in Africa 85
11.6 LATIN AMERICA 86
11.6.1 BRAZIL 89
11.6.1.1 Growing adoption of patch management solution by enterprises to improve business security in Brazil 89
11.6.2 MEXICO 89
11.6.2.1 Recent government initiatives to drive the growth of the patch management market in Mexico 89
11.6.3 REST OF LATIN AMERICA 89
12 COMPETITIVE LANDSCAPE 90
12.1 INTRODUCTION 90
12.2 COMPETITIVE LEADERSHIP MAPPING 90
12.2.1 VISIONARY LEADERS 90
12.2.2 DYNAMIC DIFFERENTIATORS 90
12.2.3 INNOVATORS 91
12.2.4 EMERGING COMPANIES 91
12.3 COMPETITIVE SCENARIO 92
12.3.1 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS 93
12.3.2 PARTNERSHIPS AND COLLABORATIONS 94
12.3.3 MERGERS AND ACQUISITIONS 95
13 COMPANY PROFILES 96
13.1 INTRODUCTION 96
13.2 IBM 97
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View)
13.3 SYMANTEC 100
13.4 MICRO FOCUS 103
13.5 QUALYS 106
13.6 SOLARWINDS 109
13.7 IVANTI 112
13.8 MANAGEENGINE, A DIVISION OF ZOHO CORPORATION 113
13.9 CONNECTWISE 114
13.10 AVAST 115
13.11 AUTOMOX 117
13.12 MICROSOFT 118
13.13 GFI LANGUARD SOFTWARE 119
13.14 JAMF 120
13.15 CHEF SOFTWARE 120
13.16 SYSAID TECHNOLOGIES 121
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.
14 APPENDIX 122
14.1 DISCUSSION GUIDE 122
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 125
14.3 AVAILABLE CUSTOMIZATIONS 127
14.4 RELATED REPORTS 127
14.5 AUTHOR DETAILS 128

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