The global patch management market size was USD 714.8 Million in 2021 and register a revenue CAGR of 10.3% over the forecast period, according to the latest analysis by Emergen Research. Rising demand for Development, Security, and Operations (DevSecOps) and surge in cyber-attacks globally and others are key factors driving global patch management market revenue growth. Modern cloud-native applications benefit from security approach brought by DevSecOps. Securing a cloud system with distributed applications is more difficult than it seems while due to some basic features of cloud, implementing DevSecOps can be challenging.
It also provides thorough coverage of various strategic alliances, including partnerships, joint ventures, product launches, brand promotions, and mergers and acquisitions. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Patch Management market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
International Business Machines Corporation, Microsoft Corporation, Micro Focus, Qualys, Inc., SolarWinds Worldwide, LLC., Ivanti, ManageEngine (Zoho Corporation), Avast Software s.r.o., SecPod Technologies, and Automox
Some Key Highlights from the Report
- On 30 July 2020, Qualys, Inc., and Ivanti announced an expanded partnership with an objective to provide for integration of Ivanti Patch Management technology within Qualys Vulnerability Management Detection Response (VMDR) platform. It allows customers of Qualys, Inc. to patch systems of MacOS, as well as over 70 third-party Mac applications, directly through Qualys VMDR.
- The software segment revenue is expected to account for largest share over the forecast period. By utilizing automated patch management approaches, patch management software may fully automate patch management activities and save a large amount of time, improving network performance. This is expected to drive growth of the market.
- The on-cloud segment revenue accounted for largest share in 2021. Various patch management platforms offer both cloud and on- platform support to ease the requirements of organizations. When managing and applying OS security and third-party software updates to all endpoints, cloud patch management makes use of cloud-based technologies.
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Emergen Research has segmented the global Patch Management market on the basis of type, application, end-use, and region:
- Component Outlook (Revenue, USD Million, 2019–2030)
- Software
- Services
- Consulting
- Support & Integration
- Deployment Outlook (Revenue, USD Million, 2019–2030)
- On Premise
- On-Cloud
- Industry Vertical Outlook (Revenue, USD Million, 2019–2030)
- BFSI
- Government & Defense
- IT & Telecom
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Patch Management Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Patch Management Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.