Patch Management Market Share, Size, Trends, Industry Analysis Report, By Solution (Software, Services); By Deployment; By Enterprise Size (Small & Medium-sized Enterprises, Large Enterprises); By Vertical; By Region, And Segment Forecasts, 2023 - 2032

Patch Management Market Share, Size, Trends, Industry Analysis Report, By Solution (Software, Services); By Deployment; By Enterprise Size (Small & Medium-sized Enterprises, Large Enterprises); By Vertical; By Region, And Segment Forecasts, 2023 - 2032

The global patch management market size is expected to reach USD 1,718.92 million by 2032, according to a new study by Polaris Market Research. The report “Patch Management Market Share, Size, Trends, Industry Analysis Report, By Solution (Software, Services); By Deployment; By Enterprise Size (Small & Medium-sized Enterprises, Large Enterprises); By Vertical; By Region, And Segment Forecasts, 2019 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing trend of cloud adoption, and the integration of advanced technologies like AI & ML into security systems are driving the market forward. These advancements have introduced new capabilities, automation, and improved operational efficiencies across industries such as retail, banking, defense, manufacturing, and information technology. However, they have also brought about new risks in the form of exploits, vulnerabilities, and malware, making the implementation of effective patch management crucial for enterprises to ensure compliance with industry regulations.

These systems leverage advanced techniques such as threat intelligence, machine learning, and behavioral analysis to detect and prevent security breaches. The integration of cutting-edge technologies like machine learning and artificial intelligence is expected to enable organizations to automate their network and infrastructure security.

Vulnerability management companies are developing AI-based solutions, such as extended detection and response, that gather and analyze data across various levels, including servers, networks, endpoints, cloud, and email, to enhance investigation capabilities and detect threats more efficiently. This leads to faster incident response and improved threat mitigation. These factors will contribute to the growth of the market throughout the forecast period.

The high expenses associated with on-premise solutions have led many businesses to embrace cloud computing. Consequently, as the demand for cloud computing grows, there is an increasing inclination towards adopting cloud-based patch management solutions. With organizations increasingly adopting cloud-based platforms for data exchange, the need for cloud-based patch management solutions is expected to surge. The substantial cost savings offered by cloud-based platforms are driving commercial enterprises and government agencies to migrate to cloud storage and cloud-based platforms, thereby fueling the demand for cloud-based patch management solutions in the forecast period.

Patch Management Market Report Highlights

Services segment registered steady CAGR, due to rising need for secure devices such as servers, network devices, & mobile devices

Cloud segment anticipated to grow at the fastest rate, as there is a rapid shift in companies to the cloud-based deployments

Healthcare segment grown at the steady rate, owing to rising necessity of securing personal healthcare records

North America region led the market, due to the presence of key innovative companies seeking robust systems to secure their sensitive data

The global key market players include Microsoft Corporation, Broadcom, Qualys, Solar Winds, ConnectWise, IBM, VMware, Avast Software, Automox, Freshworks, NinjaOne, Pulseway, Kaseya Limited, Heimdal, & SysAid

Polaris Market Research has segmented the patch management market report based on solution, deployment, enterprise size, vertical, and region:

Patch Management, Solution Outlook (Revenue - USD Million, 2019 - 2032)

Software

Services

Patch Management, Deployment Outlook (Revenue - USD Million, 2019 - 2032)

Cloud

On-premise

Patch Management, Enterprise Size Outlook (Revenue - USD Million, 2019 - 2032)

Small and Medium-sized Enterprises

Large Enterprises

Patch Management, Vertical Outlook (Revenue - USD Million, 2019 - 2032)

BFSI

IT and Telecom

Retail & E-commerce

Healthcare

Manufacturing

Government

Energy & Utilities

Others

Patch Management, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa