Product Code: IM11837
From $535.4 million in 2019, the patch management market is expected to grow to $3,245.6 million by 2030, at a CAGR of 17.8% during 2020-2030 (forecast period). The banking, financial services and insurance (BFSI) category led the market in 2019, among all industries, as the sector faces constant cyber threats from external as well as internal sources. This is leading to a strong focus on the adoption of vulnerability management and security solutions to secure customers' financial data.
The rapid automation of business processes is the key patch management market trend. IT automation helps in integrating various processes and tools, via automated workflow. The conventional process of patch management creates the need for extensive human engagement, in not only accomplishing the process, but also keeping the software products updated with the newest compliance standards and most recently launched features. Contrarily, automating the process provides consistency, improved security, and better system insights, which lead to enhanced protection for organizations.
The major driver for the growth of the patch management market is the increasing need to make the system less vulnerable to security threats. Due to the rising vulnerabilities, the IT system of companies is rapidly being hacked, with the intent of causing harm. The impact of such attacks on integrity, availability of data, confidentiality, and complexity of attacks can be studied to determine the severity of the vulnerabilities. Though the internet has opened doors of growth, it has also increased the risk of cyber-attacks.
During the forecast period, faster growth in the market would be experienced by the service category, based on component. This would be because of the fact that businesses around the world are increasing availing of maintenance, training, support, consulting, and other services related to patch management, to keep their security protocols up to date. In 2019, the healthcare sector held a significant revenue share, on the basis of end user, as the process delivers cyclic updates, which helps clinical systems prioritize their updates.
On the geographical basis, Asia-Pacific (APAC) and North America held over 60.0% share in the patch management market in 2019. North America is home to a large number of multinational enterprises, and its IT infrastructure is also rather developed. Due to the prevailing cyber-attack risk, companies in the region are rapidly adopting such solutions to reduce their vulnerability. Additionally, with the increasing need to update the security patches, the market is progressing in the region.
The highly competitive patch management market is characterized by the presence of several players, including Micro Focus International plc, Microsoft Corporation, ManageEngine, HPE Company, Symantec SA, Avast PLC, Cisco Systems Inc., and Oracle Corporation. In November 2019, Qualys Inc, a provider of cloud-based compliance and security solutions, entered into a partnership with Microsoft, to integrate its container security and vulnerability management features with Microsoft Azure.
TABLE OF CONTENTS
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Research Scope
- 1.3.1 Market Segmentation by Component
- 1.3.2 Market Segmentation by Deployment Type
- 1.3.3 Market Segmentation by Feature
- 1.3.4 Market Segmentation by Industry
- 1.3.5 Market Segmentation by Region
- 1.3.6 Analysis Period
- 1.3.7 Market Data Reporting Unit
- 1.4 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
- 2.2.1.1 By region
- 2.2.1.2 By industry participant
- 2.2.1.3 By company type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1 Definition of Market Segments
- 4.1.1 By Component
- 4.1.1.1 Software
- 4.1.1.2 Services
- 4.1.1.2.1 Training
- 4.1.1.2.2 Consulting
- 4.1.1.2.3 Integration and support
- 4.1.1.2.4 Others
- 4.1.2 By Deployment Type
- 4.1.2.1 Cloud
- 4.1.2.2 On-Premises
- 4.1.3 By Feature
- 4.1.3.1 Vulnerability management
- 4.1.3.2 Compliance management
- 4.1.4 By Industry
- 4.1.4.1 BFSI
- 4.1.4.2 IT & telecom
- 4.1.4.3 Government
- 4.1.4.4 Healthcare
- 4.1.4.5 Retail
- 4.1.4.6 Education
- 4.1.4.7 Others
- 4.2 Value Chain Analysis
- 4.3 Market Dynamics
- 4.3.1 Trends
- 4.3.1.1 Shift of businesses toward automation
- 4.3.2 Drivers
- 4.3.2.1 Growing demand for up-to-date OS/applications
- 4.3.2.2 Increasing need to mitigate vulnerabilities in software
- 4.3.2.3 Impact analysis of drivers on market forecast
- 4.3.3 Restraints
- 4.3.3.1 Lack of awareness about cyber-security
- 4.3.3.2 Impact analysis of restraints on market forecast
- 4.3.4 Opportunities
- 4.3.4.1 Increasing market for web and mobile applications
- 4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Intensity of Rivalry
- 4.4.4 Threat of New Entrants
- 4.4.5 Threat of Substitutes
Chapter 5. Global Market Size and Forecast
- 5.1 By Component
- 5.1.1 Patch Management Service Market, By Type
- 5.2 By Deployment Type
- 5.3 By Feature
- 5.4 By Industry
- 5.5 By Region
Chapter 6. North America Market Size and Forecast
- 6.1 By Component
- 6.1.1 Patch Management Service Market, By Type
- 6.2 By Deployment Type
- 6.3 By Feature
- 6.4 By Industry
- 6.5 By Country
Chapter 7. Europe Market Size and Forecast
- 7.1 By Component
- 7.1.1 Patch Management Service Market, By Type
- 7.2 By Deployment Type
- 7.3 By Feature
- 7.4 By Industry
- 7.5 By Country
Chapter 8. APAC Market Size and Forecast
- 8.1 By Component
- 8.1.1 Patch Management Service Market, By Type
- 8.2 By Deployment Type
- 8.3 By Feature
- 8.4 By Industry
- 8.5 By Country
Chapter 9. RoW Market Size and Forecast
- 9.1 By Component
- 9.1.1 Patch Management Service Market, By Type
- 9.2 By Deployment Type
- 9.3 By Feature
- 9.4 By Industry
- 9.5 By Country
Chapter 10. Competitive Landscape
- 10.1 List of Market Players and Their Offerings
- 10.2 Market Share Analysis of Key Players
- 10.3 Competitive Benchmarking of Key Players
- 10.4 Strategic Developments of Market Players
- 10.4.1 Mergers and Acquisitions
- 10.4.2 Partnerships
- 10.4.3 Product Launches
Chapter 11. Company Profiles
- 11.1 Qualys Inc.
- 11.1.1 Business Overview
- 11.1.2 Product and Service Offerings
- 11.1.3 Key Financial Summary
- 11.2 Ivanti Inc.
- 11.2.1 Business Overview
- 11.2.2 Product and Service Offerings
- 11.3 Hewlett Packard Enterprise Company
- 11.3.1 Business Overview
- 11.3.2 Product and Service Offerings
- 11.3.3 Key Financial Summary
- 11.4 Microsoft Corporation
- 11.4.1 Business Overview
- 11.4.2 Product and Service offerings
- 11.4.3 Key Financial Summary
- 11.5 Avast Software s.r.o
- 11.5.1 Business Overview
- 11.5.2 Product and Service Offerings
- 11.5.3 Key Financial Summary
- 11.6 SolarWinds Corporation
- 11.6.1 Business Overview
- 11.6.2 Product and Service Offerings
- 11.6.3 Key Financial Summary
- 11.7 Symantec Corporation
- 11.7.1 Business Overview
- 11.7.2 Product and Service Offerings
- 11.7.3 Key Financial Summary
- 11.8 International Business Machines (IBM) Corporation
- 11.8.1 Business Overview
- 11.8.2 Product and Service Offerings
- 11.8.3 Key Financial Summary
- 11.9 Micro Focus International plc
- 11.9.1 Business Overview
- 11.9.2 Product and Service Offerings
- 11.9.3 Key Financial Summary
- 11.10 ManageEngine
- 11.10.1 Business Overview
- 11.10.2 Product and Service Offerings
Chapter 12. Appendix
- 12.1 Abbreviations
- 12.2 Sources and References
- 12.3 Related Reports
List of Tables
- TABLE 1 ANALYSIS PERIOD OF THE STUDY
- TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 4 GLOBAL PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2019)
- TABLE 5 GLOBAL PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2020-2030)
- TABLE 6 GLOBAL PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2019)
- TABLE 7 GLOBAL PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2020-2030)
- TABLE 8 GLOBAL PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2019)
- TABLE 9 GLOBAL PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2020-2030)
- TABLE 10 GLOBAL PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2019)
- TABLE 11 GLOBAL PATCH MANAGEMENT MARKET, BY FEATURE, $M (2020-2030)
- TABLE 12 GLOBAL PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 13 GLOBAL PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 14 GLOBAL PATCH MANAGEMENT MARKET, BY REGION, $M (2014-2019)
- TABLE 15 GLOBAL PATCH MANAGEMENT MARKET, BY REGION, $M (2020-2030)
- TABLE 16 NORTH AMERICA PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2019)
- TABLE 17 NORTH AMERICA PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2020-2030)
- TABLE 18 NORTH AMERICA PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2019)
- TABLE 19 NORTH AMERICA PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2020-2030)
- TABLE 20 NORTH AMERICA PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2019)
- TABLE 21 NORTH AMERICA PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2020-2030)
- TABLE 22 NORTH AMERICA PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2019)
- TABLE 23 NORTH AMERICA PATCH MANAGEMENT MARKET, BY FEATURE, $M (2020-2030)
- TABLE 24 NORTH AMERICA PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 25 NORTH AMERICA PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 26 NORTH AMERICA PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 27 NORTH AMERICA PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 28 EUROPE PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2019)
- TABLE 29 EUROPE PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2020-2030)
- TABLE 30 EUROPE PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2019)
- TABLE 31 EUROPE PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2020-2030)
- TABLE 32 EUROPE PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2019)
- TABLE 33 EUROPE PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2020-2030)
- TABLE 34 EUROPE PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2019)
- TABLE 35 EUROPE PATCH MANAGEMENT MARKET, BY FEATURE, $M (2020-2030)
- TABLE 36 EUROPE PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 37 EUROPE PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 38 EUROPE PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 39 EUROPE PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 40 APAC PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2019)
- TABLE 41 APAC PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2020-2030)
- TABLE 42 APAC PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2019)
- TABLE 43 APAC PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2020-2030)
- TABLE 44 APAC PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2019)
- TABLE 45 APAC PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2020-2030)
- TABLE 46 APAC PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2019)
- TABLE 47 APAC PATCH MANAGEMENT MARKET, BY FEATURE, $M (2020-2030)
- TABLE 48 APAC PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 49 APAC PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 50 APAC PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 51 APAC PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 52 ROW PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2019)
- TABLE 53 ROW PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2020-2030)
- TABLE 54 ROW PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2019)
- TABLE 55 ROW PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2020-2030)
- TABLE 56 ROW PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2019)
- TABLE 57 ROW PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2020-2030)
- TABLE 58 ROW PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2019)
- TABLE 59 ROW PATCH MANAGEMENT MARKET, BY FEATURE, $M (2020-2030)
- TABLE 60 ROW PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 61 ROW PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 62 ROW PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 63 ROW PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 64 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
- TABLE 65 COMPETITIVE BENCHMARKING OF KEY PLAYERS
- TABLE 66 QUALYS INC. - AT A GLANCE
- TABLE 67 QUALYS INC. - KEY FINANCIAL SUMMARY
- TABLE 68 IVANTI INC. - AT A GLANCE
- TABLE 69 HEWLETT PACKARD ENTERPRISE COMPANY - AT A GLANCE
- TABLE 70 HEWLETT PACKARD ENTERPRISE COMPANY - KEY FINANCIAL SUMMARY
- TABLE 71 MICROSOFT CORPORATION - AT A GLANCE
- TABLE 72 MICROSOFT CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 73 AVAST SOFTWARE S.R.O - AT A GLANCE
- TABLE 74 AVAST SOFTWARE S.R.O - KEY FINANCIAL SUMMARY
- TABLE 75 SOLARWINDS CORPORATION - AT A GLANCE
- TABLE 76 SOLARWINDS CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 77 SYMANTEC CORPORATION - AT A GLANCE
- TABLE 78 SYMANTEC CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 79 IBM CORPORATION - AT A GLANCE
- TABLE 80 IBM CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 81 MICRO FOCUS INTERNATIONAL PLC - AT A GLANCE
- TABLE 82 MICRO FOCUS INTERNATIONAL PLC - KEY FINANCIAL SUMMARY
- TABLE 83 MANAGEENGINE - AT A GLANCE
x
List of Figures
- FIG 1 RESEARCH SCOPE
- FIG 2 RESEARCH METHODOLOGY
- FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
- FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
- FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
- FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
- FIG 7 DATA TRIANGULATION APPROACH
- FIG 8 GLOBAL PATCH MANAGEMENT MARKET SUMMARY
- FIG 9 VALUE CHAIN ANALYSIS OF PATCH MANAGEMENT MARKET
- FIG 10 BARGAINING POWER OF BUYERS
- FIG 11 BARGAINING POWER OF SUPPLIERS
- FIG 12 INTENSITY OF RIVALRY
- FIG 13 THREAT OF NEW ENTRANTS
- FIG 14 THREAT OF SUBSTITUTES
- FIG 15 GLOBAL PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2030)
- FIG 16 GLOBAL PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2030)
- FIG 17 GLOBAL PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2030)
- FIG 18 GLOBAL PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2030)
- FIG 19 GLOBAL PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 20 WORLDWIDE MAJOR MARKETS FOR PATCH MANAGEMENT
- FIG 21 GLOBAL PATCH MANAGEMENT MARKET, BY REGION, $M (2014-2030)
- FIG 22 NORTH AMERICA PATCH MANAGEMENT MARKET SNAPSHOT
- FIG 23 NORTH AMERICA PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2030)
- FIG 24 NORTH AMERICA PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2030)
- FIG 25 NORTH AMERICA PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2030)
- FIG 26 NORTH AMERICA PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2030)
- FIG 27 NORTH AMERICA PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 28 NORTH AMERICA PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2030)
- FIG 29 EUROPE PATCH MANAGEMENT MARKET SNAPSHOT
- FIG 30 EUROPE PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2030)
- FIG 31 EUROPE PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2030)
- FIG 32 EUROPE PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2030)
- FIG 33 EUROPE PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2030)
- FIG 34 EUROPE PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 35 EUROPE PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2030)
- FIG 36 APAC PATCH MANAGEMENT MARKET SNAPSHOT
- FIG 37 APAC PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2030)
- FIG 38 APAC PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2030)
- FIG 39 APAC PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2030)
- FIG 40 APAC PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2030)
- FIG 41 APAC PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 42 APAC PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2030)
- FIG 43 ROW PATCH MANAGEMENT MARKET SNAPSHOT
- FIG 44 ROW PATCH MANAGEMENT MARKET, BY COMPONENT, $M (2014-2030)
- FIG 45 ROW PATCH MANAGEMENT SERVICE MARKET, BY TYPE, $M (2014-2030)
- FIG 46 ROW PATCH MANAGEMENT MARKET, BY DEPLOYMENT TYPE, $M (2014-2030)
- FIG 47 ROW PATCH MANAGEMENT MARKET, BY FEATURE, $M (2014-2030)
- FIG 48 ROW PATCH MANAGEMENT MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 49 ROW PATCH MANAGEMENT MARKET, BY COUNTRY, $M (2014-2030)
- FIG 50 GLOBAL PATCH MANAGEMENT MARKET SHARE ANALYSIS OF KEY PLAYERS (2019)
- FIG 51 QUALYS INC.- REVENUE SPLIT BY GEOGRAPHY (2018)
- FIG 52 HEWLETT PACKARD ENTERPRISE COMPANY - REVENUE SPLIT BY SEGMENT AND BY GEOGRAPHY (2019)
- FIG 53 MICROSOFT CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
- FIG 54 AVAST SOFTWARE S.R.O - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
- FIG 55 SOLARWINDS CORPORATION - REVENUE SPLIT BY GEOGRAPHY (2018)
- FIG 56 SYMANTEC CORPORATION - REVENUE SPLIT BY SEGMENT (2018)
- FIG 57 IBM CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
- FIG 58 MICRO FOCUS INTERNATIONAL PLC - REVENUE SPLIT BY PRODUCT AND GEOGRAPHY (2018)
