The security and vulnerability management market size was valued at US$ 13.76 billion in 2022 and is expected to reach US$ 22.88 billion by 2030; it is estimated to record a CAGR of 6.6% from 2022 to 2030.

The market for security and vulnerability management market is being driven by an increasing demand for the mandate for businesses to comply with regulatory compliance like the General Data Protection Regulation (GDPR) and many other domestic or international industry-specific legislation. Companies are under pressure to fulfill increasingly strict security regulations, which has raised the need for all-encompassing solutions that manage vulnerabilities and ensure compliance while reducing risks, which is driving the market. For instance, in In July 2023, the Securities and Exchange Commission (SEC) mandated modifications to Forms 8-K and 10-K. The modified Form 8-K , requiring registrants to disclose material "cybersecurity incidents quickly." The standard mandates companies that have experienced cyberattacks to disclose material cybersecurity incidentsto report material incidents on Form 8-K within four 4 days of becoming aware of the issue cyberattacks. 10-K filings must also include an annual report of cybersecurity risk management procedures.

On the basis of deployment, the security and vulnerability management market is divided into on-premise and cloud. The cloud segment is anticipated to hold a significant security and vulnerability management market share by 2030anticipated to register the highest a higher CAGR in the coming years. The cloud platform plays a significant role in the organization's the management of information and data in any organization. Security. Businesses are heavily investing in cloud technology to streamline their operations and secure data from cyber threats and data breach activities. Estimates by For instance, according to Infosys Limited suggested that, 67% of companies will were likely to increase their cloud spending in 2023, and 80% of them were are planning to raise their cloud spending to effectively manage and protect their customer's data from theft effectively. Flexibility, scalability, and remote accessibility Significant benefits offered to users by cloud-based security and vulnerability management solutions, such as flexibility, scalability, and remote accessibility, are are expected to favor the growth of the market for the cloud segment driving the segment during the forecast period. However, the growing adoption of cloud platforms is driving the demand for security and vulnerability management solutions. Thus, rising demand for cloud-based solutions is anticipated to boost the security and vulnerability management market trend during the forecast period.

The security and vulnerability market share in North America is projected to expand at a notable CAGR during the forecast period due to the growing investments in the development of advanced technologies such as AI, ML, data analytics tools, and others. Increasing demand for AI-based solutions and services among consumers is fueling the market in North America. Moreover, increasing government initiatives toward to encourage the adoption of AI technologies are expected to create significant opportunities for market growth in the near future. For instance, in October 2023, Joe Biden signed an Executive Order to advance the safe and responsible use of AI. These initiatives support companies in the adoption and implementation of AI in security and vulnerability solutions. AI-enabled solutions enhances threat detection, automates automate response, and improves improve the overall cybersecurity posture of businesses, boosting the demand for security and vulnerability management solutions and services. However, the high adoption of advanced technologies, such as AI, ML, and data analytics tools, drives the adoption of security and vulnerability in North America.

The security and vulnerability market analysis is carried out by identifying and evaluating key players in the market across different regions: Microsoft Corp;, International Business Machines Corp;, Hewlett Packard Enterprise Development LP;, Qualys Inc;, Tenable Holdings Inc;, Rapid7;, CrowdStrike Holdings Inc;, Fortra, LLC;, Skybox Security, Inc;, and Cisco Systems Inc, are among the key security and vulnerability market players profiled in this market study. Several other security and vulnerability market players were also analyzed for a holistic view of the market and its ecosystem. The security and vulnerability market forecast can help stakeholders in this marketplace plan their growth strategies. Several other security and vulnerability market players were also analyzed for a holistic view of the market and its ecosystem.

The overall security and vulnerability market size has been derived using both primary and secondary sources. To begin the security and vulnerability market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the security and vulnerability market. The process also serves the purpose of obtaining an overview and market forecast of the security and vulnerability market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the security and vulnerability market.