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Regulatory Compliance Drives Growth in Competitive Vulnerability Assessment Products Market - Vulnerability assessment technology is a crucial tool for an organization to properly secure its network infrastructure
Regulatory Compliance Drives Growth in Competitive Vulnerability Assessment Products Market

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2008/09/15 - Vulnerability assessment technology is a crucial tool for an organization to properly secure its network infrastructure.

   
 
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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.

World Vulnerability Assessment Products Markets is part of the Network Security Growth Partnership Service program, which also includes research in the following markets: IDS/IPS, SSL-VPNs, Vulnerability Management, Managed Security Service Providers, and more. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

World Vulnerability Assessment Products Markets
N414-74

 
 
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Regulatory Compliance Drives Growth in Competitive Vulnerability Assessment Products Market

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Frost & Sullivan |
Publisher Contact: Mireya Castilla 
210.247.3830 mireya.castilla[.]frost.com
 
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