The global patch management software market was valued at US$ 264.79 Mn in 2020 and is expected to reach US$ 353.97 Mn by 2030. Market participants include Automox, Autonomic Software, Cisco WebEx, Ecora Software, GFI Software, IBM Software, ivanti, Kaseya Limited, ManageEngine, NetSPI, Oracle, SolarWinds, Symantec, SysAid Technologies ltd., and Verismic Software, Inc. amongst others.
Patch management is a system for overseeing patches or upgrades for software applications and advancements. It helps to analyze existing software programs and detect issues related to security or other upgrades. Patch management component comprises of software and services that can often be integrated with other IT service management tools, such as help desks and tools for IT asset management. Efficient patch management is a task that is vital for ensuring the security and smooth function of corporate software. The best practices suggest that patch management should be automated through the use of specialized patch management solutions.
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Patch Management Software Market (USD Million), By Application
With new cloud hosting models and web-delivered systems, several patches would presently be applied to software solutions over the global IP network. Patch management deployment involves preparation, vulnerability detection, patch acquisition, risk analysis and patch testing. Patch deployment is done after following all these processes in order.
The major factors fueling the growth of the patch management software market are rising uptake of cloud-based solutions among organizations, maximization of return on this software’s, ability of software to integrate with big data analytics, connectivity of various applications and operations in a single database, and growing compliance & regulatory mandates. With the expansion in the adoption rate of the patch management software solutions among SMEs, the market is poised to grow at a substantial rate during the forecast period.
An entire patch management software solution provides a single platform and a robust content repository that can address patch management in an all-encompassing manner. A major drawback to these utilities is that they do not support heterogeneous environments with numerous platforms. The licensing costs of patch management software can be very expensive which is expected to critically impact the market growth in the future years.
Patch Management Software Market, By Deployment
The cloud deployment type is expected to grow at the highest CAGR during the forecast period. Cloud-based services are provided directly through the cloud-deployed network connectivity. They help in reducing the overall expenses, while giving exceptional adaptability and versatile access to the solutions. Organizations are deploying on-cloud patch management solutions to enhance the centralization, portability, collaboration of data, and reduction of data loss during the transit. The increased complexity of enterprise networks and the ever-present threat of malware poses a challenge for every network and system administrator as cybersecurity threats are increasing every day and becoming more sophisticated in nature. Along with the number of software installations to be patched, the speed at which vulnerabilities are being exploited has risen significantly.
Patch Management Software Market, By Region
North America is projected to have the largest share over the forecast period. With increasing patch management solutions for government and manufacturing sectors in the U.S. and Canada, the market is poised to grow at a quick pace in North America. The elements driving the development of the market in North America are technology advancements, strong intellectual property rights laws, and the demand for newer infrastructure.
The report provides both, subjective and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The patch management software market report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as M&A, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
Patch Management Software Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Patch Management Software Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Patch Management Software Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Patch Management Software market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Patch Management Software market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Patch Management Software market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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