The market size of the security and vulnerability management market is projected to reach US $31.8 billion by 2033 at CAGR of 7.31% during the forecast period of 2025 to 2033. During the forecast period, the expansion of the market for security and vulnerability management is likely to be driven by an increase in the utilisation of various technologies for the assessment and management of security risks and vulnerabilities. The evaluation, identification, and reporting of security vulnerabilities are all made easier with the assistance of security and vulnerability management solutions. To reduce the risk of potential safety breaches, a significant number of companies are implementing security and vulnerability assessment and management systems. As of 2024, Snyk has significantly enhanced its security and vulnerability management offerings, introducing major updates aimed at improving security efficiency and developer experience. During the SnykLaunch event in October 2024, the company highlighted its advancements in AI-driven security through tools like DeepCode AI Fix, now generally available. This tool integrates directly into the development environment, allowing developers to rapidly secure AI-generated code with high accuracy, emphasizing a developer-first approach to application security

High Monetary Losses and Loss of Crucial Data Driving the Market Security and Vulnerability Management Market

Organizations are progressively adopting various technological innovations, such as enterprise mobility, virtualization, and cloud storage, to enhance business efficiency. Since business data can be easily accessed on mobile devices from the cloud and virtual storage, these developments have enabled firms to operate effectively and in real time. However, this mobile access to vital corporate information increases the danger of data loss and theft. Misconfigurations in regards to strong password policy, firewall port access, web server hardening, Windows Defender, and various other antivirus detection systems, as well as administrative permission privileges, can be detected by vulnerability management solutions. When adopting a security plan or installing a security solution, numerous firms incur astronomical costs in the event of a security breach.

Integration of advanced technology with vulnerability management solutions is an opportunity for the market players

The use of AI and ML in vulnerability management provides IT professionals with in-depth risk insights based on the most critical and valid vulnerabilities. Combined with the security and vulnerability management platform, the AI platform expedites the correction of vulnerabilities based on real-time and predictive threat intelligence assessments, thereby reducing the frequency of data breaches. The VM solution providers harness the power of AI, ML, and threat analytical capabilities to provide end users with comprehensive insight into their IT infrastructures, along with real-time threat prioritization and response. The Qualys VMDR solution uses advanced machine learning, correlation, and threat intelligence analysis to automatically prioritize and remediate vulnerabilities in on-premises, cloud, container, OT, and endpoint settings.

Vulnerabilities in the internal network cause security breaches

There are many different types of internal vulnerabilities, some of the most common of which are insider threats, irresponsible workers, personnel recruited by competitors for the purpose of contaminating corporate data, unhappy employees, and employees who actively utilise data for personal advantage. Structured Query Language (SQL) injection, email phishing, and man-in-the-middle assaults are the primary forms of cybercrime that enable cybercriminals to accomplish the financially driven objectives they set for themselves (MiTM). Businesses do not even report these losses due to their reputation in the ecosystem because they regard such events to be embarrassing incidents. This is because these companies consider their reputation to be their most valuable asset. The bulk of the time, internal breaches and vulnerabilities aren't found out until it's too late.

Market Segmentation By Component

Companies are collaborating with the providers of security and vulnerability management to strengthen their threat intelligence and risk management operations. This allows the companies to design more efficient security systems for their operational infrastructure. Software segment contributed a largest share of about 70% of market revenues in 2024. However, the service segment is expected to grow at the fastest pace therefore, registering a CAGR of 9.52% during the forecast period of 2025 to 2033. 

Market Segmentation By Vertical

Banking, Financial Services & Insurance (BFSI) led the market revenues in 2024 with a revenue contribution of about 27%. However, the healthcare segment is anticipated to grow at the highest CAGR of around 10.73% during the forecast period of 2025 to 2033. Banking, financial services & insurance (BFSI), healthcare, it & ites, energy & utilities, retail, manufacturing, and other industries make up the vertical segment. The healthcare industry has developed a global infrastructure in order to manage the continuous influx of data pertaining to medical conditions. There has been an increase in the number of cyberattacks on healthcare institutions that have personally identifiable information (PII), electronically protected health information (ePHI), and electronic health records (EHR), such as ransomware and misinformation campaigns. This increase coincides with the outbreak of COVID-19. PHI security policies and procedures have been upgraded and implemented thanks to the efforts of healthcare IT departments.

Market Segmentation By Region

In 2024, the market for security and vulnerability management was most robust in North America, making it the largest regional segment overall. The Asia-Pacific region is anticipated to experience the highest rate of growth throughout the course of the projection period. In Europe, the market for security and vulnerability management is expected to have a positive growth outlook during the course of the forecast period. This is projected to be the case due to many factors. This is due to a growth in the region's digital infrastructure, as well as an increase in the number of businesses and organisations that are embracing cloud-based infrastructure. Both of these factors contributed to the development of this trend.

Competitive Landscape

The top companies operating in this market include IBM Corporation, AT&T, Qualys, Rapid7, Tenable, Inc., RSA Security, Inc., McAfee, Foreseeti, F-Secure Corporation, Acunetix, Skybox Security, SecPod, Tripwire, Gen Digital Inc., Dell EMC, Balbix, Microsoft, BreachLock Inc., Positive Technologies and other notable players.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Security and Vulnerability Management market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Security and Vulnerability Management market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Security and Vulnerability Management market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Security and Vulnerability Management market?
• Which is the largest regional market for Security and Vulnerability Management market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Security and Vulnerability Management market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Security and Vulnerability Management market worldwide?