Global Patch Management Market Growth (Status and Outlook) 2023-2029

Global Patch Management Market Growth (Status and Outlook) 2023-2029

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. Managing patches thus becomes easy and simple.

Patch Management is mostly done by software companies as part of their internal efforts to fix problems with the different versions of software programs and also to help analyze existing software programs and detect any potential lack of security features or other upgrades.

Software patches help fix those problems that exist and are noticed only after the software's initial release. Patches mostly concern security while there are some patches that concern the specific functionality of programs as well.

LPI (LP Information)' newest research report, the “Patch Management Industry Forecast” looks at past sales and reviews total world Patch Management sales in 2022, providing a comprehensive analysis by region and market sector of projected Patch Management sales for 2023 through 2029. With Patch Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Patch Management industry.

This Insight Report provides a comprehensive analysis of the global Patch Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Patch Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Patch Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Patch Management and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Patch Management.

The global Patch Management market size is projected to grow from US$ 484.6 million in 2022 to US$ 802.4 million in 2029; it is expected to grow at a CAGR of 7.5% from 2023 to 2029.

United States market for Patch Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Patch Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Patch Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Patch Management players cover IBM, Symantec, Micro Focus, Qualys, SolarWinds, Ivanti, ManageEngine (Zoho Corp.), ConnectWise and Avast, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Patch Management market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Patch Management Software
Patch Management Services

Segmentation by application
BFSI
Government and Defense
Retail
Healthcare
IT and Telecom
Education
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.