The global patch management is expected to generate highly lucrative gains over the next decade, expected to grow at a CAGR of 9.4%, which will benefit from long-term technological advances and application developments.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Patch Management market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Patch Management market.
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Key findings of the Patch Management market study:
- Regional breakdown of the Patch Management market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Patch Management vendors in detail.
- Region-wise and country-wise fragmentation of the Patch Management market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Patch Management market.
Key Companies Profiled
- IBM Corporation
- Symantec (NortonLifeLock Inc.)
- Micro Focus
- Qualys Inc.
- SolarWinds Corporation
- Ivanti
- ManageEngine
- ConnectWise
- Avast
- Automox
Competitive Landscape
An increase in product functionality is a key reason behind the increasing demand for patch managements. Therefore, market players are increasing their R&D spending in order to launch new products in the market. Furthermore, both acquisitions & mergers, collaborations, and regulatory approvals are also crucial components of effective growth.
- In July 2021, Atera raised $77 million in venture funding at a valuation of $500 million. The company helps SMBs manage their remote networks like businesses. With this funding, Atera plans to grow its customer base as well as enhance its product specifically, by adding more features to the artificial intelligence (AI). Atera currently uses to run predictive analytics, which is one of the technologies found in solutions aimed at large enterprises but missing from many SMB software solutions.
- Private equity firm TA Associates (TA) has invested in PDQ.com (PDQ), a provider of data asset management software for small and mid-sized businesses. A joint venture between TA and PDQ’s founders and management team is designed to accelerate PDQ’s growth through the expansion of its scalable portfolio of easy-to-use IT asset management and scanning products. With this partnership, the company can offer added value to global partners.
Key Market Segments Covered in Patch Management Market
- by Component :
- Patch Management Software Market
- Patch Management Services Market
- Patch Management Support and Integration Services Market
- Patch Management Training and Education Services Market
- Patch Management Consulting Services Market
- by Deployment :
- On-premises Market
- Cloud Market
- by Vertical :
- BFSI
- Information Technology (IT) and Telecom
- Healthcare
- Government and Defense
- Retail
- Education
- Other Verticals
- by Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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Queries addressed in the Patch Management market report:
- Why are the Patch Management market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Patch Management market?
- Which regions are displaying the fastest growth in the Patch Management market?
- What are the underlying micro- macroeconomic factors affecting the global Patch Management market?
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