Industry Background:
The patch management software helps in scanning computers, mobile devices or other machines on a network for missing software updates known as patches. It also fixes the problems by deploying those patches the minute they are created. These patches are the type of codes that are inserted or patched into a code of current software program. The patch management software recognizes which tool needs patches and fixes the required changes to be made. The software can be installed on a central administrative computer which is reflected on all other devices.This growth is primarily driven by Increasing Need for Decreasing the Risk of Cyber Attacks
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (International Business Machines Corporation) (United States), SolarWinds Worldwide, LLC (United States), LogMeIn, Inc. (United States), ConnectWise, LLC (United States), GFI LanGuard (United States), Micro Focus (United Kingdom), PDQ Corporation (United States), SysAid Technologies Ltd. (Israel), Automox Inc. (United States), Qualys, Inc. (United States) and Machine Engine (Zoho Corp.) (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 12th February 2019, Qualys Inc. unveiled a patch management cloud app that provides automated patch deployments capabilities, allowing customers to transparently orchestrated full lifecycle vulnerability management of the operating system and third-party software across the global hybrid environment. With Qualys PM, the Qualys Cloud Platform now consolidates vulnerability assessment, threat prioritization, and remediation, allowing IT and SecOps teams to centralize remediation of vulnerabilities across Windows, macOS, and Linux operating systems, as well as over 300 third-party applications. Users can quickly target critical Common Vulnerability and Exposure IDs (CVEs) without researching knowledge base articles, then deploy the patch to endpoints, on-premises or cloud assets and verify remediation, all from one console.
Regulatory Insights:
"New laws typically aren’t retroactive, but the ICO’s statement acknowledges the importance of patch management and effective information security management systems. The ICO often lists poor patch management as the reason for fining organizations, as was the case in the recent £400,000 fine levied against the Carphone Warehouse for a 2015 breach that exposed more than three million people’s personal data. Installing patches and updates when they’re available is one of the simplest ways of staying cyber secure. Any organization concerned about its patch management policy should consider certifying to Cyber Essentials, a government-backed scheme that sets out a baseline of cybersecurity."
Influencing Trend:
The Emerging Patch Management to Ensure Adequate Functionality of IT Assets and The Advent of Automation in the Entire Patch Management Software Process
Market Growth Drivers:
Increasing Need for Decreasing the Risk of Cyber Attacks, Industrial Regulatory Standards for Safety of Networking Infrastructure and The Growing Number of Mobile Workforce Needs Cloud-based Solution
Challenges:
Technical Problems with Patch Management Software
Restraints:
Network Connectivity is Necessary for Patch Management Software
Opportunities:
Growing Cloud Solutions will Boost the Patch Management Software and Advancements in Patch Management Software
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Patch Management Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Patch Management Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Patch Management Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Patch Management Software Study Sheds Light on
The Patch Management Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Patch Management Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Patch Management Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.