Security and Vulnerability Assessment Market will reach US$ 15 Billion by 2024

  • 6 years ago
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Vulnerability assessment is the process of identifying, classifying and ranking the vulnerabilities in a system. The vulnerability assessment process may include automated or manual techniques with an importance on comprehensive coverage and several degrees of severity. Using a risk based perspective, vulnerability assessments may aim various layers of technology; the most common of which are network, host and application-layer assessments. Security and Vulnerability Assessment Market will reach US$ 15 Billion by the year 2024.

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These days, vulnerability assessments are used in several systems, including information technology, communication, energy supply, water supply and transportation. These assessments can be conducted on behalf of a choice of different organizations, from small enterprises to large regional infrastructures. For instance: software vulnerability includes:

• A flaw in software or a bug in code that can be subjugated to cause harm. Software exploitation may crop up by an authenticated or unauthenticated invader.
• A fault in internal procedures or a gap in security systems that when compromised, out-turns in a security breach.

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With increasing threats of cyber attacks, vulnerability assessment for any organization has become more essential. Today, organizations of any size or even an individual who have an increased risk of cyber attacks, can be benefitted from some sort of vulnerability assessment, but large business firms and other types of organizations such as social, political, environmental or economic that are subject to ongoing cyber attacks will benefit the most from vulnerability assessment. Vulnerability from the outlook of disaster management means assessing the threats from potential risk to the infrastructure and to the population.

Today, security and vulnerability assessment has gone from being something that only big organizations do to an increasingly important part of the security function for any individual or organization. A number of reasons can be attributed to this such as the adoption of cloud, the ever increasing threat of data infiltration, the sudden increase of devices interacting with data and regulatory requirements affecting companies of all sizes. As a result, security and vulnerability assessment market is expected to grow vigorously in the forthcoming years. In addition; reduction in the cost of vulnerability assessment services and increasing number of service providers is also expected to drive Global Vulnerability Assessment Market positively in the near future.