|
(Wireless-NewsWire.Com, October 23, 2019 ) Market Overview:
Patch management is the process that helps acquire, test and install multiple patches (code changes) on existing applications and software tools on a computer, enabling systems to stay updated on existing patches and determining which patches are the appropriate ones. Therefore, increasing deployment of third-party applications is one of the key factors which will drive the growth of global patch management market over the forecast period.
Market Dynamics:
The Patch Management market growth is primarily driven by a rise in the adoption of cloud solutions. As the cloud computing market continues to grow, enterprises are exploring different cloud models in search of the right balance of functionality, flexibility, and investment protection.
Moreover, rising security concerns and an increase in number of cyber attacks is expected to drive the market over the forecast period.
Therefore, rising number cyber-attacks globally will force various organizations to regularly fix bugs and use patch management to reduce the number of vulnerabilities of their software’s and application. Hence, driving the Patch Management Market.
Market Segmentation:
By deployment, the Patch Management market is segmented into On-premise and cloud. In 2018, On-premise deployment segment accounted for the largest market share in the global market. On-premises deployment widely used in verticals like BFSI, and government and defense; mainly to secure sensitive data, financial records, accounting information, and money transfers. On-Premise deployment is a traditional approach to implement patch management solutions across enterprises.
By vertical, the Patch Management market is segmented into BFSI, Healthcare & Life sciences, Telecommunications and ITES, Government and defense, Education, and Others. In 2018, BFSI vertical accounted for the majority share in the market. The BFSI is the most targeted industry vertical, as it deals with large volumes of sensitive and private financial data.
Download free Report Sample: https://www.datamintelligence.com/download-sample/patch-management-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
In 2018, North America accounted for the largest market share. However, APAC is expected to witness a higher CAGR than other regions during the forecast period. North America is a matured market, due to various factors, such as standards, regulations, advanced IT infrastructure, the presence of a large number of enterprises, and the availability of proficient technical expertise. Therefore, North America is expected to grow at a steady and maintain its dominant position in the global market over the forecast period.
In Europe, patch management market is expected to witness strong growth over the forecast period. The European countries have formed a regulatory body named ENISA, which has been working to make Europe cyber secure. Moreover, awareness regarding the benefits of patching, coupled with an increase in the number of applications and Operating System (OS), has led to the widespread acceptance of patch management solutions.
APAC Patch Management market is expected to grow exponentially over the forecast period due to an increased demand for cloud computing among small and medium-sized enterprises (SMEs).
Competitive Analysis:
Some major players in the market are IBM, Microsoft Corporation, Symantec, Micro Focus, ITarian, ManageEngine (Zoho Corporation), ConnectWise, Avast, Automox, GFI Languard Software, Chef Software, SysAid Technologies, and among others.
Enquire about the report: https://www.datamintelligence.com/enquiry/patch-management-market
View Full Report Sample: https://www.datamintelligence.com/research-report/patch-management-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
|
