The Global Device Vulnerability Management Market is anticipated to grow at a substantial rate during the forecast period 2020-2026. The growth of the market is attributed to the rising number of cyber-security threats in various industry verticals. Moreover, the growing trend of Bring Your Own Device (BYOD) in the corporate arena is anticipated to proliferate the growth of the market. Device Vulnerability management involves the tools that monitor, identify, and detects the vulnerabilities in the computer infrastructure. It also evaluates smartphones, tablets, and other personal devices. Security is one of the major vulnerable assets of various industry verticals and to avoid the cyberattack or threat, enterprises are increasingly employing the device vulnerability systems. Upon the deployment, the tools scan all the weak spots and suggest remediation action if there any.
Market Drivers, Restrainers, and Opportunities:
- Many of the enterprises are shifting their data to the cloud which is raising the security concerns among them. Thus, to avoid the theft and leakage of data, they’re increasing deploying device vulnerability management system that is proliferating the market growth.
- Governments and private organizations are heavily investing in the data security tools which is expected to fuel the demand in the forecast period. Moreover, the growing adoption of cloud computing is spurring the growth of the market.