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June 26, 2012

Global vulnerability assessment market to grow at 9.48% during 2011-15: report

Network accessibility issues continue as a challenge in the market

By CBR Staff Writer

The global vulnerability assessment (VA) market is forecast to grow at a rate of 9.48% over the period 2011-2015, according to a recent report by TechNavio.

The research firm reveals that one of the main factors responsible for the market growth is the rising number of regulatory requirements.

Though the market is witnessing integration of vulnerability assessment functionalities with leading security technologies the network accessibility issues could pose a challenge to the growth of this market, the report revealed.

The report, Global Vulnerability Assessment Market 2011-2015, undertakes a detailed study covering the Americas, and the EMEA and APAC regions and aims to aid decision makers’ understanding of the significant trends impacting this market.

TechNaviov IT Security team analyst said with the increasing popularity of vulnerability assessment (VA) technology, the global VA market is witnessing the trend of integration of VA technology with other broad security technologies such as end-point security and unified threat management (UTM) solutions.

"Broad technologies are in demand and integration of VA with these technologies will support the identification of vulnerabilities and protection of data from security threats with high accuracy," he added.

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"Thus, the market is experiencing the integration of VA functionalities with other security technologies. "

Key vendors occupying major share include Hewlett-Packard, IBM, McAfee and Qualys.

The report reveals that mobility and connectivity options for IP-enabled devices like smartphones and tablet PCs are also increasing with the advancement of technology.

Organisations are preferring security applications ranging from Secure Sockets Layer Virtual Private Network (SSL VPN) to DLP tools to secure their networks, which results in increasing network complexity that is driving the global VA market.

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