“The emergence of RBVM has been pushed by a number of components,” stated Andrew Braunberg, Principal Analyst with Omdia and creator of the report. “Conventional vulnerability administration instruments, which enterprises use to determine, prioritize, and remediate software program safety vulnerabilities, have more and more struggled to satisfy the wants of the trendy enterprise due to the challenges of digital transformation, the expanded and diversified assault floor, the proliferation of IoT units, and the acceleration of the applying growth lifecycle.”
“The purpose of higher understanding and assessing threat is on the coronary heart of RBVM,” Braunberg added. “As a substitute of making an attempt to determine methods to patch every part sooner, RBVM tackles the size drawback by smarter, better-informed prioritization, serving to enterprises calculate what to patch rapidly and what to delay or ignore.”
Vulnerability administration is the very best space of funding for 2022/23, in accordance with Omdia’s analysis. Omdia is monitoring the funding exercise happening throughout the market with most of the bigger gamers buying startups over the previous couple of years.
“Omdia Cyber has been monitoring not solely in the present day’s most essential cybersecurity applied sciences, but additionally tomorrow’s,” stated Eric Parizo, Managing Principal Analyst, Omdia Cybersecurity. “We imagine RBVM represents a seismic shift in how organizations handle vulnerabilities and can, eventually, present cybersecurity operations groups with the instruments to measure and make choices primarily based on vulnerability threat.”
In keeping with Omdia analysis, the entire world vulnerability administration market income for 2022 of $2.008bn. Regardless of a lowered year-over-year progress charge of 4.8%, Omdia anticipates stronger progress, powered by the rise of RBVM, in 2023 and 2024.
Omdia is offering complimentary entry to the report, Omdia Universe: Threat-Based mostly Vulnerability Administration Options, 2023, through Omdia.com, with free registration. Entry the report right here.
Omdia, a part of Informa Tech, is a know-how analysis and advisory group. Our deep data of tech markets mixed with our actionable insights empower organizations to make good progress choices.