Patch management is the process of management for a computer network to regularly perform patch deployments and keep computers up-to-date. It helps to test, acquire, and install multiple patches or code changes on software tools as well as existing applications on a computer. The patch management software are mostly used by software companies as part of internal efforts to fix problems related to different software versions of programs and to analyze existing software programs with detection of any possible deficiency of security features or other upgrades.
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Businesses and organizations are spending more to monitor systems for vulnerabilities & threats, and adopting patching applications and systems. It has been observed that average costs to enterprise organizations for prevention, patching, detection, documentation, and reporting on patch management process, and downtime associated with patching is growing rapidly. This investment of time as well as money helps to strengthen the patch management market.
On-premise deployment provides complete control to organizations over data and all application systems that they manage on their own with the help of their IT staff. Businesses in which customer related information are credential prefers on-premises deployment model to avoid any breach of data.
Surge in exploitation of vulnerabilities of unpatched system by cybercriminals majorly drives the global patch management market. As the number of interdependent and interconnected virtual devices & infrastructures grows, demand for proper patch management solutions also becomes more vital. In addition, increase in deployment of third-party applications and favorable government regulations across the globe drive the market. However, patch testing issues and lack of awareness about cybersecurity among users hamper growth of the market. On the other hand, the trend of shifting from manual patch management to automated patch management for regular scan & application of patches is opportunistic for the market growth.
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