Product Code: MCP-6765
Global Patch and Remediation Software Market to Reach $1.2 Billion by 2030
The global market for Patch and Remediation Software estimated at US$885.5 Million in the year 2023, is expected to reach US$1.2 Billion by 2030, growing at a CAGR of 4% over the period 2023-2030.
The U.S. Market is Estimated at $261.6 Million, While China is Forecast to Grow at 3.7% CAGR
The Patch and Remediation Software market in the U.S. is estimated at US$261.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$205.5 Million by the year 2030 trailing a CAGR of 3.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Introducing Our Exciting New Report Features for 2024
Full access to influencer engagement stats
Free access to our digital archives & "MarketGlass" research platform. Our proprietary MarketGlass platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. Our state-of-art tools bring world class market perspectives while protecting participants' privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.
Select Competitors (Total 32 Featured) -
- Autonomic Software, Inc.
- CA Technologies, Inc.
- Comodo Group, Inc.
- Flexera Software LLC
- GFI Software
- IBM Corp.
- Kaseya Limited
- Landesk
- LogMeIn, Inc.
- Lumension Security, Inc.
- Microsoft Corp.
- SolarWinds Worldwide, LLC
- Symantec Corporation
- ZOHO Corporation
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- IT Patch Management: An Important Component of Lifecycle Management
- Patching - A Key Solution to Address Vulnerabilities
- Recent Market Activity
- How Automated Patching Works?
- Types of Patches
- Challenges in Patch Management
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Patch and Remediation Software - Global Key Competitors Percentage Market Share in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Omnipresence of IT Vulnerabilities: A Review
- Increase in Threats for Mobile Devices Drives the Need for Mobile Patching & Patching at End-Points
- Exploits On Websites, Browsers & Operating Systems
- Focus on Security Vulnerabilities in IoT Systems Drives the Need for IoT Patching
- High Network Availability Needs Drives Demand for Runtime Patching/Dynamic Patching/Hotpatching
- Patching in the BYOD Environment Becomes All Consuming
- Cost Savings Drive the Popularity of Third Party Patches Over Vendor Supported Patches
- The Need for More Effective Patch Prioritization Fuels Interest in Patch Management Software
- Unviability of Manual Patching Drives the Era of Automated Patch Management
- "A Patch in Time" Saves Time & Money
- Enterprise Patch Fatigue as a Result of Continuous Patch Assessment & the Need to Pre-Test Patches Drives Interest in Automated Patch Testing Solutions
- Cloud Based Patch Management Software/ Services Witness a Spike in Commercial Value Over Traditional In-House Programs
- Cloud Computing Preps the Market for a New Patching Experience
- Will the Market Be Jumping Onto the Cloud Bandwagon? Not So Fast...Challenges Still Linger
- Standalone Solutions Give Way for Bundled Solutions
- Opportunistic MSPs Target SMBs as a Lucrative Customer Cluster in an Increasingly Commoditized Market
- Healthcare Sector Emerges as the Rapidly Growing End-Use Market for Patch & Remediation Software
- Strong Investments in "Healthcare IT" Lays the Foundation for the Growth of Patch Software
- IoT in Healthcare & the Rise of Connected Equipment Brings Patching Into the Spotlight as the Most Vital Inoculation against Security BreacheS
- Regulations Exert Pressure on Mandatory Patching Needs
- Developing Markets: The Focal Point for Future Growth
- Key Challenges Restraining Growth
- Competition: A Qualitative Review
- Market Outlook
- Major Market Trends & Drivers
- Focus On Vulnerability Management Lifecycle: The Cornerstone for Growth in the Market
- Rise in Cyber Crime Throws the Spotlight on Patching & Remediation
- Growing Concerns Over Cyber Security & Information Security Drives Demand for Security Patch Management Solutions
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Patch and Remediation Software Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Patch and Remediation Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Patch and Remediation Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Patch and Remediation Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 5: USA Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 6: USA Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- CANADA
- TABLE 7: Canada Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 8: Canada Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- JAPAN
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 9: Japan Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 10: Japan Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- CHINA
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 11: China Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 12: China Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- EUROPE
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 13: Europe Recent Past, Current & Future Analysis for Patch and Remediation Software by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 14: Europe Historic Review for Patch and Remediation Software by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 15: Europe 16-Year Perspective for Patch and Remediation Software by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- FRANCE
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 16: France Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 17: France Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- GERMANY
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 18: Germany Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 19: Germany Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- ITALY
- TABLE 20: Italy Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 21: Italy Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- UNITED KINGDOM
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 22: UK Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 23: UK Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- REST OF EUROPE
- TABLE 24: Rest of Europe Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 25: Rest of Europe Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- ASIA-PACIFIC
- Patch and Remediation Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 26: Asia-Pacific Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 27: Asia-Pacific Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- REST OF WORLD
- TABLE 28: Rest of World Recent Past, Current & Future Analysis for Patch and Remediation Software by Segment - Patch and Remediation Software - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 29: Rest of World Historic Review for Patch and Remediation Software by Segment - Patch and Remediation Software Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
IV. COMPETITION