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Global Device Vulnerability Management Market to reach USD XX billion by the end of 2030.

Global Device Vulnerability Management Market Size study & Forecast, by Type (Solutions, Services), by End-User (Small & Medium-sized Enterprises (SMBS), Enterprises) and Regional Analysis, 2023-2030

Product Code: ICTNS-80809117
Publish Date: 13-07-2023
Page: 200

Global Device Vulnerability Management Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Device vulnerability management, also known as vulnerability management or vulnerability assessment, is the process of identifying, assessing, and mitigating vulnerabilities in computer systems, networks, and devices. It involves a systematic approach to proactively discover, analyze and address security weaknesses that could be exploited by attackers to gain unauthorized access, compromise data, or disrupt systems. The major driving factors boosting the market growth is increasing cases of cyber-crimes, rapid growth in cloud computing and increasing investment in data security and privacy initiatives by the government organizations.

According to estimations from Statista’s Cybersecurity Outlook, the cost of cybercrime globally is expected to increase over the next five years, going from USD 8.44 trillion in 2022 to USD 23.84 trillion by 2027. To prevent cybercrimes, the demand in cloud computing will increase. According to Statista, it was predicted that the cloud computing industry would earn over USD 400 billion in sales in 2022, and currently showing very little sign of slowing down. Cloud computing refers to the usage of networks of remote servers that are typically accessed through the internet in order to store, manage and process data. Moreover, the growing mobile market with internet and progressive innovative solutions for cyber security will create abundant opportunities for the market growth. However, the lack of awareness about the benefits of device vulnerability management stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Device Vulnerability Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the huge demand resulting from the requirement to protect device data and is expected to follow a similar pattern during the projection period. However, Asia Pacific is expected to become the fastest growing during the forecast period, because adoption of cloud-based technology has increased over the expected time frame. Emerging economies such as China and India are predicted to expand rapidly as a result of technology advancement.

Major market player included in this report are:
Hewlett Packard
IBM Corporation
EMC Corporation
Intel Security (McAfee)
Symantec Corporation
GFI Software
OpenText Corporation (NetIQ)
Qualys Inc.
Tripwire, Inc.

Recent Developments in the Market:
Ø In May 2023, HPE and Tokyo Tech collaborated to build the TSUBAME4.0 supercomputer for artificial intelligence, research, and innovation.
Ø In May 2023, IBM launched a $100 million partnership with international universities to develop novel technologies for a 100,000-Qubit quantum-centric supercomputer.

Global Device Vulnerability Management Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By End-User:
Small & Medium-sized Enterprises (SMBS)

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Device Vulnerability Management Market, by region, 2020-2030 (USD Billion)
1.2.2. Device Vulnerability Management Market, by Type, 2020-2030 (USD Billion)
1.2.3. Device Vulnerability Management Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Device Vulnerability Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Device Vulnerability Management Market Dynamics
3.1. Device Vulnerability Management Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing cases of cyber crimes Rapid growth in cloud computing Increasing investment in data security and privacy initiatives
3.1.2. Market Challenges Lack of awareness about the benefits
3.1.3. Market Opportunities Growing mobile market Increase in innovative solutions for cyber security
Chapter 4. Global Device Vulnerability Management Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Device Vulnerability Management Market, by Type
5.1. Market Snapshot
5.2. Global Device Vulnerability Management Market by Type, Performance – Potential Analysis
5.3. Global Device Vulnerability Management Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Device Vulnerability Management Market, Sub Segment Analysis
5.4.1. Solutions
5.4.2. Services
Chapter 6. Global Device Vulnerability Management Market, by End-User
6.1. Market Snapshot
6.2. Global Device Vulnerability Management Market by End-User, Performance – Potential Analysis
6.3. Global Device Vulnerability Management Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
6.4. Device Vulnerability Management Market, Sub Segment Analysis
6.4.1. Small & Medium-sized Enterprises (SMBS)
6.4.2. Enterprises
Chapter 7. Global Device Vulnerability Management Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Device Vulnerability Management Market, Regional Market Snapshot
7.4. North America Device Vulnerability Management Market
7.4.1. U.S. Device Vulnerability Management Market Type breakdown estimates & forecasts, 2020-2030 End-User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Device Vulnerability Management Market
7.5. Europe Device Vulnerability Management Market Snapshot
7.5.1. U.K. Device Vulnerability Management Market
7.5.2. Germany Device Vulnerability Management Market
7.5.3. France Device Vulnerability Management Market
7.5.4. Spain Device Vulnerability Management Market
7.5.5. Italy Device Vulnerability Management Market
7.5.6. Rest of Europe Device Vulnerability Management Market
7.6. Asia-Pacific Device Vulnerability Management Market Snapshot
7.6.1. China Device Vulnerability Management Market
7.6.2. India Device Vulnerability Management Market
7.6.3. Japan Device Vulnerability Management Market
7.6.4. Australia Device Vulnerability Management Market
7.6.5. South Korea Device Vulnerability Management Market
7.6.6. Rest of Asia Pacific Device Vulnerability Management Market
7.7. Latin America Device Vulnerability Management Market Snapshot
7.7.1. Brazil Device Vulnerability Management Market
7.7.2. Mexico Device Vulnerability Management Market
7.8. Middle East & Africa Device Vulnerability Management Market
7.8.1. Saudi Arabia Device Vulnerability Management Market
7.8.2. South Africa Device Vulnerability Management Market
7.8.3. Rest of Middle East & Africa Device Vulnerability Management Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Hewlett Packard Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. IBM Corporation
8.3.3. EMC Corporation
8.3.4. Intel Security (McAfee)
8.3.5. Symantec Corporation
8.3.6. GFI Software
8.3.7. OpenText Corporation (NetIQ)
8.3.8. Qualys Inc.
8.3.9. Tripwire, Inc.
8.3.10. Rapid7 Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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