The report of Global Patch and Remediation Software Market Segmentation by Component (Solution and Services) Deployment (On-premise and Cloud-based), Industry Vertical, (Banking Financial Services and Insurance, Healthcare and Life Sciences, IT and Telecommunication, Energy and Utilities, Manufacturing, Transportation, Retail, Education, Government & Defence and Others), and Organization Size (Large Enterprises and Small Medium Enterprises), By Region (North America, APAC, Europe, ME & Africa and South Africa) is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.
Digital transformation strategies and developments such as cloud migration and business mobility have also greatly increased the attack surface in many organisations. The introduction of DevOps, continuous integration, and distribution (CI/CD) and other application development and delivery models in recent years has focused attention on incorporating vulnerability scanning and remediation far earlier in the life cycle of software development. The opportunities surrounding the Patch Management Software include a rising market for mobile and web platforms and cultural changes from manual to automated patch management. For instance, in April 2019, SolarWinds enhanced its SolarWinds MSP product portfolio by adding patch management for Mac capabilities. With the capability of integration with built-in controls and automated maintenance activities, including a special managed patch solution, and the ability to use templates or custom scripts.
However, work from home culture has been adopted by the organizations due to the novel Covid-19 leads to demand in the patch and remediation software. Patch solutions enable SMEs and large companies to offer reliable, frictionless, and enhanced user experience which drives the growth of the global patch and remediation software market. For instance, in February 2019, Qualys, Inc. has launched Patch Management (PM), which consolidates threat prioritization, vulnerability assessment and remediation that helps the company to attract more customers by offering wide range of solutions. Some companies have merged to make presence in the market such as LANDesk and Heat Software merged into Ivanti that will accelerate the shift from traditional endpoint management software into offering its products as SaaS-based tools. The company will offer wide range of offerings, ranging from privilege and patch management, protection, IT asset management, ITSM, password control, desktop management.
By geography, global Patch and Remediation Software market is segmented into North America, APAC, Europe, ME & Africa, and South Africa. Among these, North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the presence of major IT and software market players in this region. The service in the market in APAC is forecasted to expand a significant pace on account of the growing digitization across the enterprises and rapid adoption of IoT, cloud computing, artificial intelligence.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Some of the key players covered in this market are Broadcom, Flехеrа Ѕоftwаrе LLС, GFІ Ѕоftwаrе, IBM Соrроrаtіоn, Ivanti, LоgМеІn Іnс., Lumеnѕіоn Ѕесurіtу Іnс., Місrоѕоft Соrроrаtіоn, JetPatch, Chef Software Inc., Puppet, Red Hat, Inc., Zoho Corp., Qualys, Inc, SolarWinds Worldwide, LLC, BMC Software, Inc., Patchworx, Comodo Group, Inc. amongst others. These key players are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Patch and Remediation Software Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Patch and Remediation Software Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Patch and Remediation Software Market positioning of competitors.
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