The global threat and vulnerability management market is expected to grow from $5.3 billion in 2015 to $8.6 billion in 2020, according to a new report from ABI Research. The study, Threat and Vulnerability Management, identifies two key factors that are leading to increased demand for threat and vulnerability management solutions.
One is the impact of design flaws and weaknesses. These lead to frequent patches, which represent a major financial burden. The other is government and industry regulation mandates. Regulations such as the Health Insurance Portability and Accountability Act (HIPAA), the Health Information Technology for Economic and Clinical Health (HITECH), PCI Data Security Standard) and Sarbanes-Oxley mandate rigorous vulnerability management practices, the report notes.
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