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Patch Management Software Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72013
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The patch management software market share is expected to increase by USD 536.32 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 10.59%. 

This patch management software market research report extensively covers market segmentation by deployment (on-premises and cloud-based) and geography (North America, Europe, APAC, South America, and MEA).

The patch management software market report also offers information on several market vendors, including Avast Plc, ConnectWise LLC, International Business Machines Corp., Jamf Software LLC, Micro Focus International Plc, Microsoft Corp., NortonLifeLock Inc., Progress Software Corp., SolarWinds Corp., and SysAid Technologies Ltd. among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Patch Management Software Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Patch Management Software Market Size for the Forecast Period and Other Important Statistics

 

Patch Management Software Market: Key Drivers, Trends, and Challenges

The growing demand for identifying vulnerable versions of software is notably driving the patch management software market growth, although factors such as increasing use of mobile devices in workplaces may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the patch management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Patch Management Software Market Driver

The growing demand for identifying vulnerable versions of software is one of the key drivers supporting the patch management software market growth. With the evolving technology landscape and the periodic launch of new malware, enterprise IT software regularly requires software updates and patches to avoid cyberattacks. Vulnerable and outdated software increases the chances of cyberattacks that can cause significant loss to confidential and sensitive data. The market is witnessing the advent of cyberattack tools that are programmed to exploit newly discovered vulnerabilities across software and hardware. Such attacks can lead to data loss and theft, causing considerable financial and operational loss to companies, which is driving the demand for patch management software.

Key Patch Management Software Market Trend

One of the latest trends in the global patch management software market is the growing demand for automation of the patch management process. Automatic patch management allows end-users to automatically update patches and deploy them without human intervention. Also, automated patch management software is more efficient than traditional systems, as it keeps a continuous check on vulnerabilities across enterprise systems without human intervention. Once the automated patch management software recognizes any security gap in software, patch updates can be scheduled. Thus, the advent of the automated patch management system is expected to be a positive trend for the market in focus during the forecast period.

Key Patch Management Software Market Challenge

The increasing use of mobile devices in workplaces is hindering the patch management software market growth. Patch management software capabilities are limited to systems and devices connected to the company network. Any remote user operating a mobile device outside office premises cannot be effectively monitored and managed by patch management software and solutions. On the other hand, companies allow employees to use the corporate network to connect to personal mobile devices for increased flexibility at the workplace and during training, seminars, or other business events. The inability of patch management software to monitor remote devices for the effective deployment of software patches renders such devices vulnerable to cyberattacks, which is expected to be a major challenge for the global patch management software market during the forecast period.

This patch management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the patch management software market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the patch management software market during the forecast period.

Who are the Major Patch Management Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Avast Plc
  • ConnectWise LLC
  • International Business Machines Corp.
  • Jamf Software LLC
  • Micro Focus International Plc
  • Microsoft Corp.
  • NortonLifeLock Inc.
  • Progress Software Corp.
  • SolarWinds Corp.
  • SysAid Technologies Ltd.

 

This statistical study of the patch management software market encompasses successful business strategies deployed by the key vendors. The patch management software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Micro Focus International Plc - The company offers patch management software that provides both operating system and application software patching for Windows, Linux, and Mac endpoint devices, under the brand name Microfocus.

  • Micro Focus International Plc - The security segment focuses on new Artificial Intelligence and Machine Learning capabilities, expanded multi-cloud support, and enhanced capabilities to support customers in their key data privacy initiatives.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The patch management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Patch Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the patch management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the systems software market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Patch Management Software Market?

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35% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for patch management software market in North America. Market growth in this region will be faster than the growth of the market in MEA and Europe.

The increasing deployment of IT systems across industries and verticals, primarily led by the high penetration of technology will facilitate the patch management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic had spread widely across North America, especially in the US, in 2020. Various countries across the region, such as the US and Canada, imposed lockdowns to contain the spread of the disease. Owing to the lockdown, Internet usage increased because of the work-from-home culture, online classes, and other uses. Most government organizations are also adopting the work-from-home culture, and the healthcare industry is also adopting digitalization. This increases the adoption of patch management software in the region, which will drive the growth of the market during the forecast period.

What are the Revenue-generating Deployment Segments in the Patch Management Software Market?

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The patch management software market share growth by the on-premises segment will be significant during the forecast period. On-premises systems are managed and maintained by businesses and enterprises in their premises, primarily by in-house IT staff. In-house IT staff manage these systems and solutions, periodically upgrade software components, and install data protection mechanisms. The major driver of the demand for on-premises patch management software is the need for safeguarding sensitive data, such as company financials, accounting information, patent information, and vital monetary transactions.

This report provides an accurate prediction of the contribution of all the segments to the growth of the patch management software market size and actionable market insights on post COVID-19 impact on each segment.

 

Patch Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.59%

Market growth 2021-2025

$ 536.32 million

Market structure

Fragmented

YoY growth (%)

10.21

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, Canada, UK, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Avast Plc, ConnectWise LLC, International Business Machines Corp., Jamf Software LLC, Micro Focus International Plc, Microsoft Corp., NortonLifeLock Inc., Progress Software Corp., SolarWinds Corp., and SysAid Technologies Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Patch Management Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive patch management software market growth during the next five years
  • Precise estimation of the patch management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the patch management software industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of patch management software market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • On-premises - Market size and forecast 2020-2025
    • Cloud-based - Market size and forecast 2020-2025
    • Market opportunity by Deployment

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Avast Plc
      • ConnectWise LLC
      • International Business Machines Corp.
      • Jamf Software LLC
      • Micro Focus International Plc
      • Microsoft Corp.
      • NortonLifeLock Inc.
      • Progress Software Corp.
      • SolarWinds Corp.
      • SysAid Technologies Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The patch management software market growth will increase by $536.32 million during 2020-2025.
      The patch management software market is expected to grow at a CAGR of 10.59% during 2020-2025.
      Technavio has segmented the patch management software market by deployment (On-premises and Cloud-based) and geographic (North America, Europe, APAC, South America, and MEA).
      Avast Plc, ConnectWise LLC, International Business Machines Corp., Jamf Software LLC, Micro Focus International Plc, Microsoft Corp., NortonLifeLock Inc., Progress Software Corp., SolarWinds Corp., SysAid Technologies Ltd. are a few of the key vendors in the patch management software market.
      North America will register the highest growth rate of 35.04% among the other regions. Therefore, the patch management software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the patch management software market growth are:
      • Growing demand for identifying vulnerable versions of software
      The patch management software market vendors should focus on grabbing business opportunities from the on-premises segment as it accounted for the largest market share in the base year.
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