"New laws typically aren’t retroactive, but the ICO’s statement acknowledges the importance of patch management and effective information security management systems. The ICO often lists poor patch management as the reason for fining organizations, as was the case in the recent £400,000 fine levied against the Carphone Warehouse for a 2015 breach that exposed more than three million people’s personal data. Installing patches and updates when they’re available is one of the simplest ways of staying cyber secure. Any organization concerned about its patch management policy should consider certifying to Cyber Essentials, a government-backed scheme that sets out a baseline of cybersecurity."
The article cited AMA's "Global Patch and Remediation Software Market Study" explored CAGR of %. According to the report, High Profile Attacks and Government Regulation in Security Policies is one of the primary growth factors for the market. Increasing Number of Vulnerabilities
is also expected to contribute significantly to the Patch and Remediation Software market. Overall, applications of Patch and Remediation Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Model, such as On-premises, is boosting the Patch and Remediation Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Patch and Remediation Software market identified that the demand is rising in many different parts of the world as "Advancements in Patch and Remediation Software".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Patch and Remediation Software market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Patch and Remediation Software market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Patch and Remediation Software market size is calculated using market estimation process, the Patch and Remediation Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Patch and Remediation Software market size has been validated using both top-down and bottom-up approaches.