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Frost & Sullivan: Demand Grows for Round-the-clock, Context-aware Vulnerability Management Solutions

Platform convergence intensifies competition, while driving technology innovation

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MOUNTAIN VIEW, Calif. - April 2, 2014 (www.investorideas.com newswire) Vulnerability management remains an essential security technology for companies to harden the security posture of their network. The global vulnerability management market will witness steady expansion as companies look to handle the evolving threat landscape through early detection of network and application vulnerabilities followed by prioritized, targeted remediation. Frost & Sullivan's global research finds that while there are no major vulnerability management vendors headquartered in Asia-Pacific, it's the market growing most rapidly. Meanwhile, North America remains the largest market globally for vulnerability management solutions.

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New research from Frost & Sullivan, the Analysis of the Global Vulnerability Management Market, finds the market earned revenue of $528.6 million in 2013 and estimates this to reach $973.9 million in 2018. The research provides an executive summary, market overview, external challenges: drivers and restraints, forecasts and trends, market share and competitive analysis, markets by product segments, markets by regions, and a last word of analyst predictions. The analysis finds McAfee continues to lose market share to hard-charging companies, while Qualys remains the market share leader. However, investments and acquisitions by Tenable, Rapid7, Tripwire and BeyondTrust threaten long-term positioning.

For complimentary access to more information on this research, please visit: http://bit.ly/1mxVVwY

"The growth in vulnerability management reflects the constant drumbeat of internal and external changes companies face in protecting their networked assets," said Frost & Sullivan Network Security Industry Analyst Christopher Kissel. "Global demand will continue to increase as the nature of cyber attacks change, harvesting smaller businesses and becoming more personalized to penetrate even the most security-conscious organization."

Successful vulnerability management solution providers must continuously innovate to enable real-time scans and enlarge their vulnerability assessment footprint. This is especially crucial as budget constraints lead companies to purchase security technologies that are adaptive, comprehensive, and offer prevention rather than remediation. Moreover, in a competitive market consisting of several highly capable vendors, differentiation is vital.

Simply put, the bar is raised in vulnerability management. In the bring-your-own device (BYOD) world, where every new device that connects to a network can be an unwitting threat-agent, not only must vulnerability management platforms recognize threats but they must also continuously fingerprint the devices that are active on the network. In addition, the larger security posture must address web applications and secure software.

"The essence of vulnerability management can be spun in many ways," elaborated Kissel. "The ability to fingerprint devices can be leveraged to include security information and event management (SIEM) reporting for a more robust platform, while compliance reporting can be formatted to address the needs of different teams, including the IT department and independent auditors."

Software-as-a-service (SaaS) is another feature rapidly becoming popular owing to its lower upfront costs and resource requirements. SaaS is a game changer for vulnerability management vendors, as it is easier to push software upgrades (for patch management, new scan techniques, etc.) centrally to public or private clouds than it is to push upgrades to individual customers.

Analysis of the Global Vulnerability Management Market is part of the Network Security Technologies (http://www.networksecurity.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Analysis of the Strong Authentication and One-Time Password (OTP) Market, Analysis of the Global Web and Email Content Security Market, Analysis of the SIEM and Log Management Market, and Analysis of the Global Mobile Endpoint Protection Market. All research included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

Join Frost & Sullivan's interactive Visionary IT portal for the latest Information and Communication Technologies research, insights and tools to make winning, long-term business decisions. Visit: http://visionary-it.gilcommunity.com/

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Britni Myers
Senior Executive
North America Corporate Communications
Frost & Sullivan
britni.myers@frost.com
P: 210.477.8481
F: 210.348.1003
www.frost.com

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