The vulnerability management to be a billion dollar industry by 2023

The vulnerability management market is expected to grow at a CAGR of 12.9% to become a $1.6bn industry by 2023, according to new research.

ResearchAndMarkets has completed its Global Vulnerability Management Market, Forecast to 2023 report which claims the sector is set to grow from $893m in 2018 to $1.6bn in 2023.

This growth is being attributed to the rising threats, growing network complexity, customer in-house expertise declining and data volumes skyrocketing.

While the companies may think to fix all vulnerabilities they can find, ResearchAndMarkets claims this is not the best route. The company claims they should not aim to fix them all or all zero-day vulnerabilities, instead, they should only focus on ones which pose a direct threat to the company.

It claims, trying to fix everything costs too much time and resources and the wrong vulnerabilities end up getting fixed.

A vulnerability management platform offers a holistic picture of a client’s security posture, correlating the assets of the organization and once a vulnerability is detected, it should offer information for remediation.

There is a growing consensus in the market to not try and fix all vulnerabilities. A recent report from Rezilion claimed that only half of the vulnerabilities in cloud containers actually pose a threat. The company also offered companies the advice they should not look to fix everything but prioritise the ones which are exploitable.

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