NEW YORK, March 14, 2022 /PRNewswire/ — According to the latest research report, the Patch Management Software market witnessed a YOY growth of 10.21% in 2021 at a CAGR of 10.59 % during the forecast period. The report is segmented by deployment (on-premises and cloud-based) and geography (North America, Europe, APAC, South America, and MEA).
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The global Patch Management Software market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Avast Plc
- ConnectWise LLC
- International Business Machines Corp.
- Jamf Software LLC
- Micro Focus International Plc
- Microsoft Corp.
- NortonLifeLock Inc.
- Progress Software Corp.
- SolarWinds Corp.
- SysAid Technologies Ltd.
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Geographical Market Analysis
During the projection period, North America will account for 35% of the market’s growth. In North America, the primary markets for patch management software are the United States and Canada. The market in this area will grow at a quicker rate than the markets in MEA and Europe.
Patch management software market expansion in North America would be aided by the increased deployment of IT systems across sectors and verticals, primarily due to the high penetration of technology. This market research report includes thorough information on competitor intelligence, marketing gaps, and geographical potential for suppliers, all of which will aid in the development of effective business plans.
Furthermore, countries such as the US, Canada, UK, China, and India are expected to emerge as prominent markets for Patch Management Software during the forecast period.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/patch-management-software-market-size-industry-analysis
Key Segment Analysis
During the projected period, the on-premises segment’s patch management software market share will expand significantly. Businesses and corporations operate and maintain on-premises systems on their own premises, primarily by in-house IT professionals. These systems and solutions are managed by in-house IT experts, who also upgrade software components and implement data protection mechanisms on a regular basis. The necessity to protect sensitive data, such as firm financials, accounting information, patent information, and essential monetary transactions, is a primary driver of demand for on-premises patch management software.
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Key Market Drivers & Challenges:
One of the major factors driving the patch management software industry is the increased requirement for identifying vulnerable software versions. To stay safe from cyberattacks, enterprise IT software needs to be updated and patched on a regular basis, according to the changing technology landscape and the regular release of new viruses. Vulnerable and obsolete software raises the risk of cyberattacks, which can result in the loss of sensitive and valuable data. Cyberattack tools are now available on the market that is built to exploit freshly identified vulnerabilities in software and hardware. Such attacks can result in data loss and theft, resulting in significant financial and operational losses for businesses, fueling the need for patch management software.
However, the increasing use of mobile devices in workplaces is hindering the patch management software market growth.
Download a free sample for highlights on market Drivers & Challenges affecting the Patch Management Software market.
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Patch Management Software Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 10.59%
Market growth 2021-2025
$ 536.32 million
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 35%
Key consumer countries
US, Canada, UK, China, and India
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Avast Plc, ConnectWise LLC, International Business Machines Corp., Jamf Software LLC, Micro Focus International Plc, Microsoft Corp., NortonLifeLock Inc., Progress Software Corp., SolarWinds Corp., and SysAid Technologies Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent market
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
2.2 Value chain analysis
Exhibit 10: Value chain analysis : Systems Software
2.2.2 Software development
184.108.40.206 IP licensing
220.127.116.11 Product research
18.104.22.168 Product management
22.214.171.124 Product development
126.96.36.199 Production and packaging
2.2.3 Marketing and distribution
188.8.131.52 Marketing and release
2.2.4 Post-selling services
184.108.40.206 Training and certification
220.127.116.11 Maintenance and support
2.2.5 Market innovation
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Global – Market size and forecast 2020 – 2025 ($ million)
Exhibit 14: Global market: Year-over-year growth 2020 – 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition – Five forces 2020
5. Market Segmentation by Deployment
5.1 Market segments
The segments covered in this chapter are:
- On premises
- Cloud based
Exhibit 22: Deployment – Market share 2020-2025 (%)
5.2 Comparison by Deployment
Exhibit 23: Comparison by Deployment
5.3 On premises – Market size and forecast 2020-2025
Exhibit 24: On-premises – Market size and forecast 2020-2025 ($ million)
Exhibit 25: On-premises – Year-over-year growth 2020-2025 (%)
5.4 Cloud based – Market size and forecast 2020-2025
Exhibit 26: Cloud-based – Market size and forecast 2020-2025 ($ million)
Exhibit 27: Cloud-based – Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Deployment
Exhibit 28: Market opportunity by Deployment
6. Customer landscape
Exhibit 29: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
The regions covered in the report are:
- North America
- South America
Exhibit 30: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 31: Geographic comparison
7.3 North America – Market size and forecast 2020-2025
Exhibit 32: North America – Market size and forecast 2020-2025 ($ million)
Exhibit 33: North America – Year-over-year growth 2020-2025 (%)
7.4 Europe – Market size and forecast 2020-2025
Exhibit 34: Europe – Market size and forecast 2020-2025 ($ million)
Exhibit 35: Europe – Year-over-year growth 2020-2025 (%)
7.5 APAC – Market size and forecast 2020-2025
Exhibit 36: APAC – Market size and forecast 2020-2025 ($ million)
Exhibit 37: APAC – Year-over-year growth 2020-2025 (%)
7.6 South America – Market size and forecast 2020-2025
Exhibit 38: South America – Market size and forecast 2020-2025 ($ million)
Exhibit 39: South America – Year-over-year growth 2020-2025 (%)
7.7 MEA – Market size and forecast 2020-2025
Exhibit 40: MEA – Market size and forecast 2020-2025 ($ million)
Exhibit 41: MEA – Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 42: Key leading countries
7.9 Market opportunity by geography
Exhibit 43: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing demand for identifying vulnerable versions of software
8.1.2 Increasing demand for regulatory compliance
8.1.3 Increasing malware attacks
8.2 Market challenges
8.2.1 Increasing use of mobile devices in workplaces
8.2.2 Application compatibility issues
8.2.3 Unexpected patch failures
Exhibit 44: Impact of drivers and challenges
8.3 Market trends
8.3.1 Advent of automated patch management system
8.3.2 Growing vulnerabilities in software applications and platforms
8.3.3 Increasing adoption of virtual patch management software
9. Vendor Landscape
Exhibit 45: Vendor landscape
9.2 Landscape disruption
Exhibit 46: Landscape disruption
Exhibit 47: Industry risks
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 48: Vendors covered
10.2 Market positioning of vendors
Exhibit 49: Market positioning of vendors
10.3 Avast Plc
Exhibit 50: Avast Plc – Overview
Exhibit 51: Avast Plc – Business segments
Exhibit 52: Avast Plc – Key news
Exhibit 53: Avast Plc – Key offerings
Exhibit 54: Avast Plc – Segment focus
10.4 ConnectWise LLC
Exhibit 55: ConnectWise LLC – Overview
Exhibit 56: ConnectWise LLC – Product and service
Exhibit 57: ConnectWise LLC – Key offerings
10.5 International Business Machines Corp.
Exhibit 58: International Business Machines Corp. – Overview
Exhibit 59: International Business Machines Corp. – Business segments
Exhibit 60: International Business Machines Corp. – Key news
Exhibit 61: International Business Machines Corp. – Key offerings
Exhibit 62: International Business Machines Corp. – Segment focus
10.6 Jamf Software LLC
Exhibit 63: Jamf Software LLC – Overview
Exhibit 64: Jamf Software LLC – Product and service
Exhibit 65: Jamf Software LLC – Key offerings
10.7 Micro Focus International Plc
Exhibit 66: Micro Focus International Plc – Overview
Exhibit 67: Micro Focus International Plc – Product and service
Exhibit 68: Micro Focus International Plc – Key news
Exhibit 69: Micro Focus International Plc – Key offerings
10.8 Microsoft Corp.
Exhibit 70: Microsoft Corp. – Overview
Exhibit 71: Microsoft Corp. – Business segments
Exhibit 72: Microsoft Corp. – Key offerings
Exhibit 73: Microsoft Corp. – Segment focus
10.9 NortonLifeLock Inc.
Exhibit 74: NortonLifeLock Inc. – Overview
Exhibit 75: NortonLifeLock Inc. – Business segments
Exhibit 76: NortonLifeLock Inc. – Key news
Exhibit 77: NortonLifeLock Inc. – Key offerings
Exhibit 78: NortonLifeLock Inc. – Segment focus
10.10 Progress Software Corp.
Exhibit 79: Progress Software Corp. – Overview
Exhibit 80: Progress Software Corp. – Business segments
Exhibit 81: Progress Software Corp. – Key offerings
Exhibit 82: Progress Software Corp. – Segment focus
10.11 SolarWinds Corp.
Exhibit 83: SolarWinds Corp. – Overview
Exhibit 84: SolarWinds Corp. – Product and service
Exhibit 85: SolarWinds Corp. – Key offerings
10.12 SysAid Technologies Ltd.
Exhibit 86: SysAid Technologies Ltd. – Overview
Exhibit 87: SysAid Technologies Ltd. – Product and service
Exhibit 88: SysAid Technologies Ltd. – Key offerings
11.1 Scope of the report
11.1.1 Market definition
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 89: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 90: Research Methodology
Exhibit 91: Validation techniques employed for market sizing
Exhibit 92: Information sources
11.4 List of abbreviations
Exhibit 93: List of abbreviations
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