The global security and vulnerability management market was valued at US$13.5 billion in 2021 and is expected to grow at a CAGR of 7.5% from 2022 to 2030. Factors driving the market growth include increasing vulnerabilities, high monetary losses due to the absence of security and vulnerability management solutions, stringent regulatory standards and data privacy compliances, the surge in the adoption of IoT and cloud trends, and integration of advanced technologies such as AI and ML with security and vulnerability management solutions.
