Market Overview:
The global patch management market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for patch management software and services due to the growing number of cyber-attacks and data breaches. In addition, the increasing adoption of cloud-based solutions is also contributing to the growth of this market. However, lack of awareness about patch management among end users is restraining the growth of this market. On the basis of type, the global patch management market can be segmented into software and services. The software segment is expected to grow at a higher CAGR than services during 2018-2030 owing to its growing demand in various industries such as BFSI, government and defense, retail, healthcare, IT and telecom, education and others. On account o f t he high vulnerability o f critical infrastructure t o cyber-attacks an d data breaches , th e gove rnment an d defense segm ent i s expec ted t o gr ow at a hig her rate tha n ot her segm ents durin g th e forecast period .
Product Definition:
Patch management is a process that allows organizations to identify and install software patches in a controlled manner. The importance of patch management is that it helps organizations ensure the security and stability of their systems by keeping them up-to-date with the latest patches.
Patch Management Software:
Patch management software is a tool that helps enterprises to manage the patching process. It provides an automated and integrated environment for managing patches, which includes assessment, distribution, installation and maintenance of patches in an enterprise network. Patch management software also allows enterprises to receive real-time information on patch deployments across networks.
Patch Management Services:
Patch management services are used to deploy, manage and test software updates or patches. It helps organizations to reduce the risk of IT downtime by providing a framework for testing and deploying software updates in an automated manner. Patch management solutions help enterprises in tracking, identifying, installing and troubleshooting patch deployments while reducing the time to market with minimal IT impact.
Application Insights:
The government and defense application segment led the market in 2017. The growing need for managing security patches across various systems is expected to drive the demand for global patch management solutions in this segment. Furthermore, increasing investments by governments to enhance cyber security are likely to propel growth over the forecast period.
Patch management services have been gaining traction among large enterprises and organizations as they offer efficient patch deployment while reducing overall costs associated with it. These services enable real-time monitoring of updates across multiple systems, along with their respective hosts, networks, and domain controllers; followed by a determination of appropriate deployment windows (for instance: night/day time). Deployment windows are further refined based on various factors such as location & type of system (desktops or laptops), version number & build number of operating system; availability of Patch Management Services; etc., which eventually results in optimal Patch Management Service implementation schedule at a specific place or throughout an entire organization globally.
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, streamlined infrastructure, and high adoption rate of IT security products are some factors driving the regional growth. Moreover, increasing government regulations to protect data from cyber-attacks are also expected to drive demand for patch management solutions over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising investments by governments in developing countries such as India and China for improving network security systems. In addition, growing number of attacks from state-sponsored hackers is also expected to drive demand for patch management software and services in APAC during the forecast period.
Growth Factors:
- Increased demand for patch management solutions from small and medium-sized businesses (SMBs) due to the growing awareness of cyber threats and the need for robust security measures.
- The increasing number of sophisticated malware attacks that can easily penetrate unpatched systems, resulting in data breaches and other financial losses.
- The growing popularity of cloud-based patch management solutions as they offer several advantages over traditional on-premises solutions, such as scalability, flexibility, and lower costs.
- The increasing use of mobile devices in organizations which has led to a surge in the number of vulnerabilities that need to be patched regularly.
- The rising trend of Bring Your Own Device (BYOD) policies among organizations that are looking to reduce their IT costs while allowing employees to use their personal devices for work purposes
Scope Of The Report
Report Attributes
Report Details
Report Title
Patch Management Market Research Report
By Type
Patch Management Software, Patch Management Services
By Application
BFSI, Government and Defense, Retail, Healthcare, IT and Telecom, Education, Others
By Companies
IBM, Symantec, Micro Focus, Qualys, SolarWinds, Ivanti, ManageEngine (Zoho Corp.), ConnectWise, Avast, ITarian, Automox, Microsoft, GFI Software (Aurea SMB Solutions), Jamf, Chef Software, SysAid Technologies, PDQ.com Corporation, Kaseya, LogMeIn, Quest Software, Datto, Inc., Autonomic Software, Verismic Software, Ecora Software
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Patch Management Market Report Segments:
The global Patch Management market is segmented on the basis of:
Types
Patch Management Software, Patch Management Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government and Defense, Retail, Healthcare, IT and Telecom, Education, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Symantec
- Micro Focus
- Qualys
- SolarWinds
- Ivanti
- ManageEngine (Zoho Corp.)
- ConnectWise
- Avast
- ITarian
- Automox
- Microsoft
- GFI Software (Aurea SMB Solutions)
- Jamf
- Chef Software
- SysAid Technologies
- PDQ.com Corporation
- Kaseya
- LogMeIn
- Quest Software
- Datto, Inc.
- Autonomic Software
- Verismic Software
- Ecora Software
Highlights of The Patch Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Patch Management Software
- Patch Management Services
- By Application:
- BFSI
- Government and Defense
- Retail
- Healthcare
- IT and Telecom
- Education
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Patch Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Patch management is the process of managing updates to software. Patch management includes identifying and assessing vulnerabilities, determining which patches should be applied, testing the patches before applying them, and monitoring the effectiveness of patch deployment.
Some of the major companies in the patch management market are IBM, Symantec, Micro Focus, Qualys, SolarWinds, Ivanti, ManageEngine (Zoho Corp.), ConnectWise, Avast, ITarian, Automox, Microsoft, GFI Software (Aurea SMB Solutions), Jamf, Chef Software, SysAid Technologies, PDQ.com Corporation, Kaseya, LogMeIn, Quest Software, Datto, Inc., Autonomic Software, Verismic Software, Ecora Software.
The patch management market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Patch Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Patch Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Patch Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Patch Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Patch Management Market Size & Forecast, 2018-2028
4.5.1 Patch Management Market Size and Y-o-Y Growth
4.5.2 Patch Management Market Absolute $ Opportunity
Chapter 5 Global Patch Management Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Patch Management Market Size Forecast by Type
5.2.1 Patch Management Software
5.2.2 Patch Management Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Patch Management Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Patch Management Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government and Defense
6.2.3 Retail
6.2.4 Healthcare
6.2.5 IT and Telecom
6.2.6 Education
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Patch Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Patch Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Patch Management Analysis and Forecast
9.1 Introduction
9.2 North America Patch Management Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Patch Management Market Size Forecast by Type
9.6.1 Patch Management Software
9.6.2 Patch Management Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Patch Management Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government and Defense
9.10.3 Retail
9.10.4 Healthcare
9.10.5 IT and Telecom
9.10.6 Education
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Patch Management Analysis and Forecast
10.1 Introduction
10.2 Europe Patch Management Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Patch Management Market Size Forecast by Type
10.6.1 Patch Management Software
10.6.2 Patch Management Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Patch Management Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government and Defense
10.10.3 Retail
10.10.4 Healthcare
10.10.5 IT and Telecom
10.10.6 Education
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Patch Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Patch Management Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Patch Management Market Size Forecast by Type
11.6.1 Patch Management Software
11.6.2 Patch Management Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Patch Management Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government and Defense
11.10.3 Retail
11.10.4 Healthcare
11.10.5 IT and Telecom
11.10.6 Education
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Patch Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Patch Management Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Patch Management Market Size Forecast by Type
12.6.1 Patch Management Software
12.6.2 Patch Management Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Patch Management Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government and Defense
12.10.3 Retail
12.10.4 Healthcare
12.10.5 IT and Telecom
12.10.6 Education
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Patch Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Patch Management Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Patch Management Market Size Forecast by Type
13.6.1 Patch Management Software
13.6.2 Patch Management Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Patch Management Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government and Defense
13.10.3 Retail
13.10.4 Healthcare
13.10.5 IT and Telecom
13.10.6 Education
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Patch Management Market: Competitive Dashboard
14.2 Global Patch Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Symantec
14.3.3 Micro Focus
14.3.4 Qualys
14.3.5 SolarWinds
14.3.6 Ivanti
14.3.7 ManageEngine (Zoho Corp.)
14.3.8 ConnectWise
14.3.9 Avast
14.3.10 ITarian
14.3.11 Automox
14.3.12 Microsoft
14.3.13 GFI Software (Aurea SMB Solutions)
14.3.14 Jamf
14.3.15 Chef Software
14.3.16 SysAid Technologies
14.3.17 PDQ.com Corporation
14.3.18 Kaseya
14.3.19 LogMeIn
14.3.20 Quest Software
14.3.21 Datto, Inc.
14.3.22 Autonomic Software
14.3.23 Verismic Software
14.3.24 Ecora Software
