Vulnerability Scanner Software Market Size, Share, Growth, And Industry Analysis By Type (Cloud Based, Web Based) By Application (Large Enterprises, SMEs) and Regional Forecast to 2028

Updated On: 15 April 2024

Report Overview

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The global vulnerability scanner software market size expanded rapidly in 2021. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a high CAGR during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the vulnerability scanner software market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over.

Vulnerability scanner software is a type of security software that is used to identify vulnerabilities and potential security threats in computer networks, systems, and applications. The software is designed to scan and analyze the network or system for any weaknesses or security gaps that could be exploited by hackers, malware, or other malicious entities. Vulnerability scanner software works by scanning the network or system for known vulnerabilities, such as outdated software or misconfigured settings, and generating a report of the identified vulnerabilities. The software can also prioritize the identified vulnerabilities based on their severity, impact, and likelihood of exploitation. This helps organizations to focus their resources on addressing the most critical vulnerabilities first. Vulnerability scanner software can be used by businesses, governments, and individuals to improve the security of their IT infrastructure and to protect against cyber-attacks. The software can help organizations to proactively identify and address potential security threats before they can be exploited by hackers and other malicious entities. This helps to prevent data breaches, theft of sensitive information, and other types of cyber-attacks that can have significant financial and reputational consequences.

Vulnerability scanner software can be used by businesses, governments, and individuals to improve the security of their IT infrastructure and to protect against cyber-attacks. The software can help organizations to proactively identify and address potential security threats before they can be exploited by hackers and other malicious entities. This helps to prevent data breaches, theft of sensitive information, and other types of cyber-attacks that can have significant financial and reputational consequences. Hence, the increasing number of cyber-attacks and data breaches is driving the demand for vulnerability scanner software in the market.

COVID-19 Impact: Lockdown Caused Increased Reliance on Digital Technologies Boosted the Market Growth

The COVID-19 pandemic has had a significant impact on the vulnerability scanner software market. With the shift towards remote work and the increased reliance on digital technologies, the threat of cyber-attacks has increased significantly. As a result, there has been a growing demand for vulnerability scanner software to protect against cyber-attacks and to ensure the security of IT infrastructure. The pandemic has also led to an increase in the adoption of cloud-based vulnerability scanner software, as more businesses move towards cloud-based technologies to support remote work.

Latest Trends

"Adoption Of Artificial Intelligence (AI) and Machine Learning (ML) Technologies to Bolster the Market Development"

One of the major trends in the vulnerability scanner software market is the adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are being used to improve the accuracy and efficiency of vulnerability scanning and to identify potential threats and vulnerabilities in real-time. Another trend in the market is the adoption of cloud-based vulnerability scanner software, which provides greater flexibility, scalability, and cost-effectiveness for businesses.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Cloud Based, Web Based. Cloud Based being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into Large Enterprises, SMEs. Large Enterprises being the leading segment of the market by application analysis.

Driving Factors

"Increasing Number of Cyber Attacks to Drive the Market Growth"

The increasing number of cyber-attacks is driving the demand for vulnerability scanner software in the market. The rise of sophisticated and advanced cyber threats, such as ransomware and malware, is making it more challenging for businesses to protect their IT infrastructure. Vulnerability scanner software can help to identify and address potential security threats before they can be exploited by hackers and other malicious entities.

"Stringent Regulatory Compliance to Drive the Market Development"

Many businesses are required to comply with various regulatory frameworks and standards, such as GDPR and PCI-DSS, to ensure the security and privacy of sensitive data. The use of vulnerability scanner software can help businesses to comply with these regulations by identifying potential vulnerabilities and addressing them before they can be exploited.

Restraining Factors

"Lack of Skilled Cybersecurity Professionals to Hamper the Market Development"

One of the major challenges in the vulnerability scanner software market is the lack of skilled cybersecurity professionals. The growing demand for vulnerability scanner software has led to a shortage of skilled professionals who can effectively operate the software and analyze the results. This has led to a growing need for training and education programs to develop cybersecurity skills and expertise.

Regional Insights

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"High Adoption Rate of Advanced Technologies to Boost the Market Growth in North America"

North America is expected to hold a significant share in the vulnerability scanner software market due to the high adoption rate of advanced technologies such as cloud computing and the Internet of Things (IoT) in the region. The United States is the largest market for vulnerability scanner software in North America, driven by the high demand for cyber security solutions among businesses, government agencies, and individuals. The increasing number of cyber-attacks and data breaches in the region is also driving the demand for vulnerability scanner software. The growing trend of Bring Your Own Device (BYOD) and remote working is further boosting the demand for vulnerability scanner software, as businesses seek to protect their networks and data from potential threats.

The Asia Pacific region is expected to witness significant growth in the vulnerability scanner software market in the coming years, driven by the growing adoption of cloud computing and digital transformation initiatives in the region. The increasing use of mobile devices and the Internet of Things (IoT) is also driving the demand for vulnerability scanner software in the region. Countries such as China, Japan, India, and South Korea are expected to be the major markets for vulnerability scanner software in Asia Pacific, driven by the high adoption rate of advanced technologies and the growing focus on cyber security among businesses and government agencies. The increasing number of cyber-attacks and data breaches in the region is also driving the demand for vulnerability scanner software. The growing trend of Bring Your Own Device (BYOD) and remote working is further boosting the demand for vulnerability scanner software, as businesses seek to protect their networks and data from potential threats.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Nessus (U.S.)
• Qualys (U.S.)
• Nexpose (U.S.)
• Acunetix (Malta)
• Netsparker (U.K.)
• AlienVault (U.S.)
• Burp Suite (U.K.)
• Clarity (U.S.)
• Tenable.io (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.