Patch Management Software Market Size to grow by USD 536.32 Mn | Market Research Insights highlight growing demand for identifying vulnerable versions of software as Key Driver | Technavio

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).

For more insights on YOY and CAGR, Read our FREE Sample Report

Vendor Insights 

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. 

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

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.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

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. 

Customize Your Report 

Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.  

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now! 

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Patch Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.59%

Market growth 2021-2025

$ 536.32 million

Market structure

Fragmented

YoY growth (%)

10.21

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, Canada, UK, China, and India

Competitive landscape

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.

Market dynamics

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

Customization purview

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

                             2.2.1 Inputs

                             2.2.1.1 Developers

                             2.2.2 Software development

                             2.2.2.1 IP licensing

                             2.2.2.2 Product research

                             2.2.2.3 Product management

                             2.2.2.4 Product development

                             2.2.2.5 Production and packaging

                             2.2.3 Marketing and distribution

                             2.2.3.1 Marketing and release

                             2.2.3.2 Implementation

                             2.2.4 Post-selling services

                             2.2.4.1 Training and certification

                             2.2.4.2 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                       

              6.1    Overview           

                             Exhibit 29:  Customer landscape

7. Geographic Landscape                   

              7.1 Geographic segmentation

                             The regions covered in the report are:

  • North America
  • Europe
  • APAC
  • South America
  • MEA

                             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                          

              9.1    Overview           

                             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. Appendix                          

              11.1 Scope of the report        

                             11.1.1 Market definition

                             11.1.2 Objective

                             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

About Us: 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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Website: www.technavio.com/ 

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SOURCE Technavio

Patch Management Software Market Size to grow by USD 536.32 Mn | Market Research Insights highlight growing demand for identifying vulnerable versions of software as Key Driver | Technavio WeeklyReviewer

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