• According to Dhirtek Business Research, “global patch management market by component (solution, services), deployment model (on-premises and cloud-based), enterprise size (small & medium enterprises and large enterprises), feature (vulnerability management, compliance management and reporting) and industry banking, financial services, and insurance (BFSI), information technology (IT) and telecom, healthcare, government and defense, retail, education, others)” generated revenue of US$ 595.2 million in 2020 and is expected to reach US$ 966.6 million by 2025 with a CAGR of 10.2% in the forecast period.
• Based on the region, the patch management market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a dominant position in the market in 2020 and expected to remain dominant over the forecast period. Moreover, Asia Pacific expected to grow with the highest CAGR in the forecast period. China, India, and Japan are some of the market-driven countries in this region.
• Based on industry, the banking, financial services, and insurance (BFSI) sector holds a leading market position in 2020 and expected to remain in the lead over the forecast period.
• Based on the size of the enterprise, the segment of small and medium-sized enterprises is projected to expand at the fastest CAGR in the forecast period. Also, the large enterprise segment holds a dominant market position in 2020 and expected to remain dominant throughout the forecast period.
• Based on the deployment model, the cloud-based deployment model expected to grow with the highest CAGR during the forecast period. Moreover, the on-premises deployment model holds the dominating position of the market in 2020 and expected to retain its dominance throughout the forecast period.
• The research report provides a detailed analysis of the global market dynamics in patch management. Considering 2019 as the base year, the study presents estimated market data for the 2020 to 2025 forecast period.
• The report includes the patch management market for various industries across different geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). It also focuses on key developments and threats impacting the market and the vendor landscape.
• The study contains a chapter explaining the impact of COVID 19 on the global market for patch management. The study further discusses the key factors, the business environment, and emerging developments in the patch management market. The study ends with an overview of the patch management providers and provides comprehensive profiles of the key players in the global patch management market.

Scope of the report:

Patch Management Market Players:

• Some of the major players of patch management market are Automox, Inc., Avast Software, Inc., Chef Software, Connectwise, LLC, Gfi Languard Software, IBM Corporation, Ivanti, Inc., Jamf Software, LLC, Manageengine, A Division Of Zoho Corporation, Micro Focus International PLC, Microsoft Corporation, Qualys, Inc., Solarwinds Worldwide, LLC., Symantec BV, Sysaid Technologies Ltd. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks.