Vulnerability Management Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

Vulnerability Management Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRCMSTR22373

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Vulnerability Management Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The vulnerability management will grow at a CAGR of 8.98% during 2021-2025. Prices will increase by 4%-6% during the forecast period and suppliers will have a Moderate bargaining power in this market. International Business Machines Corp., Qualys Inc., Tenable Holdings Inc., Rapid7 Inc., Kenna Security Inc., Tripwire Inc., Skybox Security Inc., Hewlett Packard Enterprise Co., Veracode Inc., and WhiteHat Security Inc. are among the prominent suppliers in vulnerability management market.

Who are the Top Suppliers in the Vulnerability Management Market?

Browse the table of contents & list of exhibits and sample illustrations on spend growth, pricing trends, etc.

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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts in areas such as supplier synergies, reducing total ownership cost, manage ad hoc spend, negotiate on pricing and contractual terms, conference participation, managing labor price volatility, adoption of automation, quality management, and horizontal integration. Collaborations with global suppliers will also help buyers in cost-saving and ensuring high-quality procurement in the dynamic market.

This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their vulnerability management requirements. Some of the leading vulnerability management suppliers profiled extensively in this report include:

  • International Business Machines Corp.
  • Qualys Inc.
  • Tenable Holdings Inc.
  • Rapid7 Inc.
  • Kenna Security Inc.
  • Tripwire Inc.
  • Skybox Security Inc.
  • Hewlett Packard Enterprise Co.
  • Veracode Inc.
  • WhiteHat Security Inc.

Supplier Selection and Evaluation

Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in vulnerability management.

This report evaluates suppliers based on flexibility in deployment, virtual and cloud solutions, reporting process, and recognition and credibility. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, evaluation criteria, pricing models, penalty clauses, sla nuances, and acceptance criteria.

What are the Major Pricing Trends in Vulnerability Management Procurement?

The pressure from substitutes and a high level of threat from new entrants has resulted in the Moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for vulnerability management with the wider industry and identify the cost-saving potential.

subscription-based pricing, user-based pricing, and perpetual license pricing are the most widely adopted pricing models in the vulnerability management. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.

Price Strategies and Benchmark

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To optimize the value of the purchase it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 4%-6%.

  • Identify favorable opportunities in vulnerability management TCO (total cost of ownership)
  • Expected changes in price forecast and factors driving the current and future price changes
  • Identify pricing models that offer the most rewarding opportunities

Will there be an Increase in the Spend Growth for Vulnerability Management Procurement?

The report provides a complete drill-down on global vulnerability management spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend, and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC.

Spend Growth and Demand Segmentation

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The vulnerability management market will register an incremental spend of about 1,203.56 $ million during the forecast period. Only a few regions will drive the majority of this growth. On the supply side, North America, South America, Europe, Middle East and Africa, and APAC will have the maximum influence owing to the supplier base.

The drivers and inhibitors that influence these global and regional outlooks are also elaborated in detail. Our in-depth growth decomposition analysis covers details on:

  • Factors driving the growth (or lack of it) in individual geographies
  • Regions that hold the most rewarding opportunities for buyers and suppliers
  • Is the spend growth cyclical and when will the growth curve peak?

What are the Major Category Management Objectives for Vulnerability Management Sourcing?

A targeted strategic approach to vulnerability management sourcing will provide several opportunities to buyers. However, in the absence of actionable intelligence on vulnerability management, buyers have resulted in a transaction-based approach towards the category. The buyers have moderate bargaining power in this market and a holistic category management approach will help buyers maximize the value on their vulnerability management procurement.

The report explains key category management objectives that should form the base for sourcing strategy, including:

  • Top-line growth
  • Scalability of inputs
  • Category innovations
  • Supply base rationalization
  • Minimalization of ad hoc purchases
  • Adherence to regulatory nuances
  • Cost savings
  • Customer retention
  • Reduction of TCO
  • Supply assurance
  • Green initiatives

In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report will also help create the necessary support structure to facilitate implementation. This report provides in-depth inputs on streamlining category management practices and provides detailed answers on:

  • The strategic sourcing objectives, activities, and enablers for vulnerability management category
  • Vulnerability management procurement best practices to promote in my supply chain

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Category Pricing Insights

    Executive Summary

      Market Insights

        Cost-saving Opportunities

          Category Pricing Insights

            Best Practices

              Category Ecosystem

                Cost-saving Opportunities

                  Best Practices

                    Category Management Strategy

                      Category Ecosystem

                        Category Management Enablers

                          Category Management Strategy

                            Suppliers Selection

                              Category Management Enablers

                                Suppliers under Coverage

                                  Suppliers Selection

                                    US Market Insights

                                      Suppliers under Coverage

                                        Category scope

                                          Appendix

                                            US Market Insights

                                              Category scope

                                                Appendix

                                                  Research Framework

                                                  SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                                                  INFORMATION SOURCES

                                                  Primary sources

                                                  • Procurement heads
                                                  • Category managers
                                                  • Sourcing consortium professionals
                                                  • Industry experts and thought leaders
                                                  • Procurement managers
                                                  • Category heads of suppliers
                                                  • Client account heads/managers
                                                  • Client and industry consultants

                                                  Secondary sources

                                                  • Industry journals and reports
                                                  • Periodicals and new articles
                                                  • Category webinars
                                                  • Internal categiry playbooks
                                                  • Industry and government websites on regulations and compliance
                                                  • Internal databases
                                                  • Industry blogs/thought leader briefings

                                                  DATA ANALYSIS

                                                  Vulnerability Management Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025
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