As such, vulnerability assessment products have become a requirement of many government and industry regulations. This combination has resulted in a high-growth market that is also very competitive and difficult to penetrate.
New analysis from Frost & Sullivan (networksecurity.frost.com), World Vulnerability Assessment Products Markets, finds that the market earned revenues of $297.5 million in 2007 and estimates this to reach just under $1 billion in 2014.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the world vulnerability assessment products markets, then send an email to Mireya Castilla, Corporate Communications, at mireya.castilla[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
"Vulnerability assessment products are important tools that help organizations achieve and demonstrate compliance with government and industry regulations," notes Frost & Sullivan Research Analyst Chris Rodriguez. "Growth in this market has traditionally been driven by the fear of penalty, and will be further spurred by renewed focus on existing laws and passed deadlines."
Existing regulations provide a set of guidelines that an organization must meet, and most laws directly require a vulnerability management system. This has primarily affected government organizations, financial institutions, and retailers, also resulting in high adoption rates across every vertical market.
However, vulnerability assessment products have been around for a long time, considering the high rate of change in technology markets. As this market moves toward maturity, there has been less competition based on innovative features. Competing solely on price, in a period of slowed economic growth, is a dangerous proposition.
"The vulnerability assessment products market is starting to show symptoms of commoditization," explains Rodriguez. "In this market, it is vital to differentiate and innovate through new features or business models."
Vulnerability assessment products are well established in terms of what customers expect but vendors must continue to innovate. Vendors that offer on-demand services through internal development or partnerships have been very successful.
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World Vulnerability Assessment Products Markets