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Security and Vulnerability Management Market worth $24.04 billion by 2030- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 14, 2024 /PRNewswire/ — The global Security and Vulnerability Management Market size is projected to grow from USD 16.51 billion in 2024 to USD 24.04 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, according to new research report by MarketsandMarkets™.

Browse in-depth TOC on “Security and Vulnerability Management Market “

250 – Tables 
50 – Figures
300 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD Billion) 

Segments Covered

Component, Software, Services, Type, Target, Deployment Mode, Organization Size, Vertical, And Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America  

Companies covered

Major vendors in the global Security and vulnerability management  Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US)

High financial losses due to security breaches and the growing demand for real-time monitoring and continuous vulnerability assessment drive the Security and Vulnerability Management Market. Organizations are thus striving to minimize these financial risks and they demand for robust security and vulnerability management solutions to strengthen their security posture.

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Based on the offerings, the solutions segment accounts for the largest market size during the forecast period.

According to PT Security, 98% of web applications are vulnerable to attacks resulting in malware, redirection to malicious websites, and more. This rising complexity of such cyber risks has spurred the demand for comprehensive security and vulnerability management solutions. The shift to cloud computing and remote work has amplified the demand for adaptive security tools, with AI-driven analytics and automation strengthening their role in security and vulnerability management. Furthermore, providers such as Microsoft, IBM, Qualys, Tenable, Rapid7, and CrowdStrike offering advanced security and vulnerability management solutions also contribute to position solutions as the largest market segment during the forecast period.

By the organization size segment, the SME segment is expected to grow at the highest CAGR during the forecast period.

The SME segment is expected to grow at the highest rate in the Security and Vulnerability Management Market due to increasing digital transformation, which exposes these businesses to heightened cyber threats. Most SMEs lack the resources and expertise of larger organizations, thus becoming vulnerable to cyber-attacks. Growing regulatory compliance requirements and the affordability of effective security solutions drive SMEs to invest in robust protection measures. As awareness about security risks grows, SMEs focus more on security investments, fueling rapid growth in this market segment.

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By region, North America accounts for the largest market size during the forecast period.

North America is expected to hold the most significant Security and Vulnerability Management Market, driven by its advanced digital infrastructure and the increasing frequency of cyber threats. Cybersecurity technologies have a high adoption rate in the region, and many established vendors make it relatively easier for organizations to implement integrated security measures. Strict regulatory frameworks also make companies have stringent vulnerability management practices to comply with the regulatory requirements and strengthen their security posture. The rapid growth of cloud computing, IoT, and digital transformation agendas further propels the demand for advanced solutions, amplifying North America’s stronghold in this market.

Top Key Companies in Security and Vulnerability Management Market:

Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US) are the key players and other players in the Security and Vulnerability Management Market.

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

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Get access to the latest updates on Security and Vulnerability Management Companies and Security and Vulnerability Management Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Technology

BlueWave Investment Partners Rallies Behind PETE’s AI Workforce Training Platform

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ORLANDO, Fla., Oct. 14, 2024 /PRNewswire/ — PETE (pete.com), the Orlando-based edtech startup, is proud to announce BlueWave Investment Partners, led by Charlie Lewis, as the newest investor group supporting the rising startup.

PETE was founded by Jacques Fu, Co-Founder of Stax, Orlando’s first unicorn, and Luis Garcia, former Vice President of Emerging Technologies at Full Sail University. Since its launch in June 2023, PETE has quickly gained recognition as a leader in AI-powered learning solutions, working with notable customers such as Orlando City SC, the City of Orlando, and Addition Financial. These partnerships reflect the confidence and support of the local community, who see PETE as a key player in transforming workforce learning and development.

“We’re honored to have the support of Orlando’s community as we continue to push the boundaries of workforce training,” said Luis Garcia, Co-Founder and President of PETE. “The backing we’ve received from early customers like the City of Orlando and Orlando City SC, along with the investment from leaders Charlie, demonstrates confidence in our product and reflects the potential of Orlando’s tech ecosystem. We’re excited to build on this momentum and continue contributing to the growth and innovation of our local community.”

The PETE platform features a comprehensive suite of AI tools that streamline course creation and enhance learning outcomes. These include a powerful Skills Simulation Engine that offers interactive role-play scenarios and personalized feedback. From onboarding to compliance, PETE provides a complete learning solution designed to optimize training initiatives and maximize impact.

BlueWave Investment Partners Founder Charlie Lewis, an active figure in the Orlando tech scene, shared his enthusiasm for this new chapter: “PETE exemplifies what the Orlando tech community is all about—innovation, collaboration, and growth. Since founding BlueWave Investment Partners in 2014, we have focused on scaling startups and supporting new ventures. PETE is a shining example of what’s possible when great ideas meet the support of a thriving ecosystem. I’m excited to be part of their journey.”

Discover why customers and investors are excited about PETE’s innovative approach to workforce training, and book a call with the team at www.pete.com. Explore how PETE’s AI-powered solutions can revolutionize training for your organization.

For press inquiries and interview requests, kindly contact Lauren Thomas at lauren@petelearning.com.

About PETE
Founded in the heart of Orlando, Florida, PETE is a pioneering leader in AI-driven learning platforms.

PETE offers a suite of cost-effective and customizable solutions that enable organizations to deliver personalized workforce learning at scale.

PETE specializes in enabling the development of AI-powered courses tailored for diverse training needs, spanning from onboarding to regulatory compliance, product knowledge, technical skill, and more. The platform offers seamless hosting and distribution of content through PETE’s Learning Management System (LMS), and access to a suite of management tools to track learners’ progress.

PETE’s vision is to become an indispensable part of education and training through pioneering technology that enables adaptive, engaging, and effective learning.

The team at PETE is dedicated to helping organizations of all sizes to optimize their training initiatives and maximize their impact, without having to hire additional training resources.

Unlock the full potential of your team with training experiences that are engaging, personalized, and scalable. For more information about PETE, visit www.pete.com.

About Charlie Lewis
Charlie Lewis is the Founder and CEO of BlueWave Resource Partners and BlueWave Investment Partners, focusing on scaling rapid-growth startups and funding new ventures. An active figure in the Orlando tech scene, Charlie’s involvement includes the Orlando Tech Council, Downtown Orlando Partnership, and the new technology group, Project Orlando. His dedication to fostering growth in the local tech community is evident through his various initiatives and investments.

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SOURCE PETE

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Renaissance Launches New RenConnect℠ Platform To Enable Quick and Seamless Connections and Data Exchanges for Customers

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INDIANAPOLIS, Oct. 14, 2024 /PRNewswire/ — Renaissance Life & Health Insurance Company of America has launched a new technology initiative called RenConnect℠ to increase efficiency and ease of doing business for its customers. RenConnect℠ enables quick and seamless connections and data exchanges between Renaissance and its customers and partners across all its product lines, including dental, vision, life, disability and accident insurance.

Innovation, Customer-focus and Teamwork Are the Foundation of RenConnect℠

“Three primary areas of emphasis for Renaissance are innovation, customer-focus and teamwork,” said Earl Shaw, Chief Information Officer at Renaissance. “We are continually looking at ways to make the insurance process easier and more efficient for our customers, and RenConnect℠ is a prime example of how our teams are working together to apply new technology to do this.”

Using a stable, secure platform, RenConnect℠ offers a reliable way for group customers to rapidly connect and transfer data to Renaissance. It also facilitates real-time data insights that help to ensure more streamlined processes and accuracy.

“When brokers and customers sign on with Renaissance, they expect immediate results and service. So, from a technology perspective we want to be able to connect almost instantly,” added Shaw. “RenConnect℠ provides smooth integration as well as rapid setup processes.”

Ongoing Focus on Technology and Innovation Propels Success

RenConnect℠ is the latest step in the Renaissance innovation strategy, which has included significant technology enhancements in recent years. It follows the launch of new online portals for benefits administrators and customers as well as the adoption of a new cloud-based operating system that brings together all the company’s product lines on a single platform. This means benefits can be managed from one convenient system with 24/7 access, real-time eligibility updates, claim status and the ability to print ID cards, as well as receive consolidated billing statements.

“What’s going to define Renaissance as the premier insurance company over the next couple of years is our focus on technology and innovation to make sure that we’re the ‘easy-to-do-business-with’ company,” said Shaw. “That focus will strengthen our ability to deliver quality insurance products that support our clients’ health and wellbeing.”

Renaissance offers customizable ancillary insurance coverage throughout the United States and serves individuals and groups, with a special emphasis on groups of 2 to 250.

About Renaissance
Renaissance Life & Health Insurance Company of America and its sister company Renaissance Life & Health Insurance Company of New York offer ancillary benefits for employer groups and individuals nationwide. Dental, vision, life and disability insurance comprise the core lines of the companies’ ancillary benefits solutions. With headquarters in Indianapolis, Ind., Renaissance companies are focused on providing their members and partners with outstanding products and services. Visit renaissancebenefits.com, and find us on Facebook, LinkedIn and X (formerly Twitter).

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SOURCE Renaissance Life & Health Insurance Company of America

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mPATH Health in the Spotlight as Part of the NCI Investor Initiatives Program

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Winston-Salem based digital health company will showcase its technology at world-famous HLTH Conference

WINSTON-SALEM, N.C., Oct. 14, 2024 /PRNewswire/ — mPATH® Health, a digital health company dedicated to improving cancer screening, has been selected as a showcase company for the National Cancer Institute’s (NCI) Small Business Innovation Research (SBIR) Investor Initiatives program. As part of this program, mPATH has been invited to showcase its technology at the annual HLTH Conference, the world’s number one event for healthcare innovation, in Las Vegas, NC, on October 20-23, 2024.

mPATH Health selected as a showcase company for the NCI’s Investor Initiates program at HLTH in Las Vegas on 10/20/24.

Awardees were chosen through a competitive application process by a team of 60 venture capitalists and strategic partners including Johnson and Johnson and GE Healthcare. The selection committee chose 30 showcase companies out of an application pool of 100. Selection to the NCI SBIR Investor Initiatives Program provides companies with invaluable opportunities to connect with new investors, collaborate with leaders in healthcare technology and access resources in NCI’s network of healthcare innovators and strategic advisors.

“Being selected for the Investor Initiatives Program is a great honor,” said Dr. David Miller, CEO and Founder of mPATH Health. “We developed mPATH to increase the uptake of preventive screening tests and save lives. Being featured as an NCI showcase company at the HLTH Conference will help us form the strategic partnerships needed to reach this goal faster.”

As part of this program, mPATH will showcase at the NIH pavilion at the HLTH Conference October 20-23, 2024 in Las Vegas, NV. The HLTH Conference is the world’s preeminent event for healthcare innovation, with an average attendance of 12,000 from across the world of healthcare technology, investment and research.

“We are thrilled to have mPATH Health featured in the NCI Investor Initiative Program at HLTH 2024,” said Rich Scarfo, President of HLTH. “HLTH continues to connect industry leaders and serve as the global platform for healthcare innovation, and it is companies like mPATH that showcase the transformative potential of digital health technologies in saving lives and advancing preventive care.”

About mPATH Health
mPATH Health is a digital health company dedicated to transforming preventive cancer screening by integrating automation and behavioral science. By leveraging cutting-edge technology and personalized outreach, mPATH empowers individuals to prioritize their health and undergo regular screenings for early cancer detection. For more information, visit www.mpathhealth.com.

About The National Cancer Institute (NCI)
NCI is the federal government’s principal agency for cancer research and training. NCI is one of 11 agencies that make up the Department of Health and Human Services (HHS). Learn more at www.cancer.gov/about-nci.

Media contact
Cassie Allen
mPATH Head of Commercial Development
(919) 675-4949
cassie.allen@mpathhealth.com

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SOURCE mPATH Health

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