Market Overview

The global Patch Management market expected to reach $XX billion by 2026, at a CAGR of over 11% during the forecast period. This is mainly due to the rising need for compliance with regulatory requirements and increases in instances and complexity of security breaches due to insider and outsider threats.

Market Overview

**Source: DataM Intelligence Analysis (2019)

Patch management is the process that helps acquire, test and install multiple patches (code changes) on existing applications and software tools on a computer, enabling systems to stay updated on existing patches and determining which patches are the appropriate ones. Therefore, increasing deployment of third-party applications is one of the key factors which will drive the growth of global patch management market over the forecast period.

 

The report covers all the major trends and drivers playing a vital role in the growth of the global Patch Management market. The market has been segmented based on region, deployment, component, and vertical.

Global Patch Management Market Value (USD Bn), 2018-2026

Market Dynamics

The global Patch Management market growth is primarily driven by a rise in the adoption of cloud solutions. As the cloud computing market continues to grow, enterprises are exploring different cloud models in search of the right balance of functionality, flexibility, and investment protection. Moreover, hybrid cloud lets organizations provision, use, and manage IT resources across their on-site data center and a compatible public cloud.  The demand for public cloud solutions is rising, and this translates to growing opportunities for market players.

 

Moreover, rising security concerns and an increase in number of cyber attacks is expected to drive the market over the forecast period. According to FBI’s Internet Crime Complaint Center (IC3), Internet-enabled theft, fraud, and exploitation remain pervasive and were responsible for a staggering $2.7 billion in financial losses in 2018.

Number of Complaints (Cyber-Enabled Crimes)

Therefore, rising number cyber-attacks globally will force various organizations to regularly fix bugs and use patch management to reduce the number of vulnerabilities of their software’s and application. Hence, driving the global patch management market.

Market Segmentation

By deployment, the global Patch Management market is segmented into On-premise and cloud. In 2018, On-premise deployment segment accounted for the largest market share in the global market. On-premises deployment widely used in verticals like BFSI, and government and defense; mainly to secure sensitive data, financial records, accounting information, and money transfers. On-Premise deployment is a traditional approach to implement patch management solutions across enterprises. The organizations where user credentials are critical for business operations would prefer the on-premises deployment, as it provides them with the flexibility to control their IT systems. However, cloud deployment segment is expected to grow at an exponential rate, mainly due to the rising adoption of cloud-based solutions.

Global Patch Management Market, By Deployment, 2018, (% share)

By vertical, the global Patch Management market is segmented into BFSI, Healthcare & Life sciences, Telecommunications and ITES, Government and defense, Education, and Others. In 2018, BFSI vertical accounted for the majority share in the market. The BFSI is the most targeted industry vertical, as it deals with large volumes of sensitive and private financial data. The enterprises in BFSI are demanding for security policy management solutions to ensure irreversible security. Moreover, BFSI vertical is the most regulated, as it has to comply with many security requirements.

 

Regional Analysis

By geography, the global Patch Management market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

 

In 2018, North America accounted for the largest market share. However, APAC is expected to witness a higher CAGR than other regions during the forecast period. North America is a matured market, due to various factors, such as standards, regulations, advanced IT infrastructure, the presence of a large number of enterprises, and the availability of proficient technical expertise. Therefore, North America is expected to grow at a steady and maintain its dominant position in the global market over the forecast period.

 

In Europe, patch management market is expected to witness strong growth over the forecast period. The European countries have formed a regulatory body named ENISA, which has been working to make Europe cyber secure. Moreover, awareness regarding the benefits of patching, coupled with an increase in the number of applications and Operating System (OS), has led to the widespread acceptance of patch management solutions.

Global Patch Management Market, by Region, 2018, (% share)

APAC Patch Management market is expected to grow exponentially over the forecast period due to an increased demand for cloud computing among small and medium-sized enterprises (SMEs). Countries like Singapore, which has seen ICT infrastructure as a key enabler in boosting the overall competitiveness in the region, based on creating new industries and new businesses, thereby encouraging economic growth.

Competitive Analysis

Global Patch Management Market is moderately concentrated with the presence of global and regional players in the market. Major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability.

Some major players in the market are IBM, Microsoft Corporation, Symantec, Micro Focus, ITarian, ManageEngine (Zoho Corporation), ConnectWise, Avast, Automox, GFI Languard Software, Chef Software, SysAid Technologies, and among others.

Copitative Landscpae

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  • Deep Sector-Specific Intelligence
  • Attractiveness and consumer behavior analysis for every region
  • Highlights of the competitive landscape

 

Target Audience:

  • Cloud service providers
  • System integrators
  • Government agencies
  • Independent software vendors
  • Small and medium enterprises who would like to lessen their operational costs
  • Software application developers
  • Vendors who supply internet connection
  • Enterprises and businesses that require business-specific applications based on demand

 

**The Global Patch Management Market report would provide an access to an approx, 67 market data table, 78 figures and 150 pages.

  1. Patch Management Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Patch Management Market – Market Definition and Overview

  3. Patch Management Market – Executive Summary

    1. Market Snippet by Component
    2. Markey Snippet by Deployment
    3. Market Snippet by Vertical
    4. Market Snippet by Region
  4. Patch Management Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rise in the adoption of cloud solutions
      2. Restraints
        1. Data breach and security concerns
    2. Market Opportunities
    3. Impact Analysis
  5. Patch Management Market – Industry Analysis

    1. Porter's Five Forces Analysis
  6. Patch Management Market – By Component

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      2. Market Attractiveness Index, By Component
    2. Software*
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Services
        1. Consulting
        2. Training and Education
        3. Support and Integration
        4. Others
  7. Patch Management Market – By Deployment

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      2. Market Attractiveness Index, By Deployment
    2. Cloud*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. On-Premise
  8. Patch Management Market – By Vertical

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      2. Market Attractiveness Index, By Vertical
    2. BFSI*
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Healthcare & Life sciences
    4. Telecommunications and ITES
    5. Government and Defense
    6. Education
    7. Others
  9. Patch Management Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Deployment
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vertical
  10. Patch Management Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Company Profiles

    1. IBM*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Microsoft Corporation
    3. Symantec
    4. Micro Focus
    5. ITarian
    6. ManageEngine (Zoho Corporation)
    7. ConnectWise
    8. Avast
    9. Automox
    10. GFI Languard Software
    11. Chef Software
    12. SysAid Technologies (** List not exhaustive)
  12. Patch Management Market – Premium Insights

  13. Patch Management Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables
Table 01 Global Patch Management Market Value, By Deployment, 2018,2022 & 2026 ($ Million)
Table 02 Global Patch Management Market Value, By Component, 2018,2022 & 2026 ($ Million)
Table 03 Global Patch Management Market Value, By Vertical, 2018,2022 & 2026 ($ Million)
Table 04 Global Patch Management Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 05 Global Patch Management Market Value, By Deployment, 2018,2022 & 2026 ($ Million)
Table 06 Global Patch Management Market Value, By Deployment, 2017-2026 ($ Million)
Table 07 Global Patch Management Market Value, By Component, 2018,2022 & 2026 ($ Million)
Table 08 Global Patch Management Market Value, By Component, 2017-2026 ($ Million)
Table 09 Global Patch Management Market Value, By Vertical, 2018,2022 & 2026 ($ Million)
Table 10 Global Patch Management Market Value, By Vertical, 2017-2026 ($ Million)
Table 11 Global Patch Management Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 12 Global Patch Management Market Value, By Region, 2017-2026 ($ Million)
Table 13 North America Patch Management Market Value, By Deployment, 2017-2026 ($ Million)
Table 14 North America Patch Management Market Value, By Component, 2017-2026 ($ Million)
Table 15 North America Patch Management Market Value, By Vertical, 2017-2026 ($ Million)
Table 16 North America Patch Management Market Value, By Country, 2017-2026 ($ Million)
Table 17 South America Patch Management Market Value, By Deployment, 2017-2026 ($ Million)
Table 18 South America Patch Management Market Value, By Component, 2017-2026 ($ Million)
Table 19 South America Patch Management Market Value, By Vertical, 2017-2026 ($ Million)
Table 20 South America Patch Management Market Value, By Country, 2017-2026 ($ Million)
Table 21 Europe Patch Management Market Value, By Deployment, 2017-2026 ($ Million)
Table 22 Europe Patch Management Market Value, By Component, 2017-2026 ($ Million)
Table 23 Europe Patch Management Market Value, By Vertical, 2017-2026 ($ Million)
Table 24 Europe Patch Management Market Value, By Country, 2017-2026 ($ Million)
Table 25 Asia-Pacific Patch Management Market Value, By Deployment, 2017-2026 ($ Million)
Table 26 Asia-Pacific Patch Management Market Value, By Component, 2017-2026 ($ Million)
Table 27 Asia-Pacific Patch Management Market Value, By Vertical, 2017-2026 ($ Million)
Table 28 Asia-Pacific Patch Management Market Value, By Country, 2017-2026 ($ Million)
Table 29 Middle East & Africa Patch Management Market Value, By Deployment, 2017-2026 ($ Million)
Table 30 Middle East & Africa Patch Management Market Value, By Component, 2017-2026 ($ Million)
Table 31 Middle East & Africa Patch Management Market Value, By Vertical, 2017-2026 ($ Million)
Table 32 IBM: Overview
Table 33 IBM: Product Portfolio
Table 34 IBM: Key Developments
Table 35 Microsoft Corporation: Overview
Table 36 Microsoft Corporation: Product Portfolio
Table 37 Microsoft Corporation: Key Developments
Table 38 Symantec: Overview
Table 39 Symantec: Product Portfolio
Table 40 Symantec: Key Developments
Table 41 Micro Focus: Overview
Table 42 Micro Focus: Product Portfolio
Table 43 Micro Focus: Key Developments
Table 44 ITarian: Overview
Table 45 ITarian: Product Portfolio
Table 46 ITarian: Key Developments
Table 47 ManageEngine (Zoho Corporation): Overview
Table 48 ManageEngine (Zoho Corporation): Product Portfolio
Table 49 ManageEngine (Zoho Corporation): Key Developments
Table 50 ConnectWise: Overview
Table 51 ConnectWise: Product Portfolio
Table 52 ConnectWise: Key Developments
Table 53 Avast: Overview
Table 54 Avast: Product Portfolio
Table 55 Avast: Key Developments
Table 56 Automox: Overview
Table 57 Automox: Product Portfolio
Table 58 Automox: Key Developments
Table 59 GFI Languard Software: Overview
Table 60 GFI Languard Software: Product Portfolio
Table 61 GFI Languard Software: Key Developments 

List of Figures
Figure 01 Global Patch Management Market Share, By Deployment, 2018 & 2026 (%)
Figure 02 Global Patch Management Market Share, By Component, 2018 & 2026 (%)
Figure 03 Global Patch Management Market Share, By Vertical, 2018 & 2026 (%)
Figure 04 Global Patch Management Market Share, By Region, 2018 & 2026 (%)
Figure 05 Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 06 Global Patch Management Market Y-o-Y Growth, By Deployment, 2018-2026 (%)
Figure 07 On-Premise: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 08 Cloud: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 09 Global Patch Management Market Y-o-Y Growth, By Component, 2018-2026 (%)
Figure 10 Software: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 11 Services: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 12 Global Patch Management Market Y-o-Y Growth, By Vertical, 2018-2026 (%)
Figure 13 BFSI: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 14 Telecommunications and ITES: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 15 Government and Defense: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 16 Education: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 17 Others: Global Patch Management Market Value, 2017-2026 ($ Million)
Figure 18 Global Patch Management Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 19 North America Patch Management Market Value, 2017-2026 ($ Million)
Figure 20 North America Patch Management Market Share, By Deployment, 2018 & 2026 (%)
Figure 21 North America Patch Management Market Share, By Component, 2018 & 2026 (%)
Figure 22 North America Patch Management Market Share, By Vertical, 2018 & 2026 (%)
Figure 23 North America Patch Management Market Share, By Country, 2018 & 2026 (%)
Figure 24 South America Patch Management Market Value, 2017-2026 ($ Million)
Figure 25 South America Patch Management Market Share, By Deployment, 2018 & 2026 (%)
Figure 26 South America Patch Management Market Share, By Component, 2018 & 2026 (%)
Figure 27 South America Patch Management Market Share, By Vertical, 2018 & 2026 (%)
Figure 28 South America Patch Management Market Share, By Country, 2018 & 2026 (%)
Figure 29 Europe Patch Management Market Value, 2017-2026 ($ Million)
Figure 30 Europe Patch Management Market Share, By Deployment, 2018 & 2026 (%)
Figure 31 Europe Patch Management Market Share, By Component, 2018 & 2026 (%)
Figure 32 Europe Patch Management Market Share, By Vertical, 2018 & 2026 (%)
Figure 33 Europe Patch Management Market Share, By Country, 2018 & 2026 (%)
Figure 34 Asia-Pacific Patch Management Market Value, 2017-2026 ($ Million)
Figure 35 Asia-Pacific Patch Management Market Share, By Deployment, 2018 & 2026 (%)
Figure 36 Asia-Pacific Patch Management Market Share, By Component, 2018 & 2026 (%)
Figure 37 Asia-Pacific Patch Management Market Share, By Vertical, 2018 & 2026 (%)
Figure 38 Asia-Pacific Patch Management Market Share, By Country, 2018 & 2026 (%)
Figure 39 Middle East & Africa Patch Management Market Value, 2017-2026 ($ Million)
Figure 40 Middle East & Africa Patch Management Market Share, By Deployment, 2018 & 2026 (%)
Figure 41 Middle East & Africa Patch Management Market Share, By Component, 2018 & 2026 (%)
Figure 42 Middle East & Africa Patch Management Market Share, By Vertical, 2018 & 2026 (%)
Figure 43 IBM: Financials
Figure 44 Microsoft Corporation: Financials
Figure 45 Symantec: Financials
Figure 46 Micro Focus: Financials
Figure 47 ITarian: Financials
Figure 48 ManageEngine (Zoho Corporation): Financials
Figure 49 ConnectWise: Financials
Figure 50 Avast: Financials
Figure 51 Automox: Financials
Figure 52 GFI Languard Software: Financials
 

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