Frost Radar : 취약성 관리(VM) 시장(2025년)

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

As the enterprise landscape becomes more complex, the enterprise attack surface has expanded significantly. Enterprises embracing digital transformation must contend with a massive number of vulnerabilities daily. Although vulnerability management (VM) tools have been around for decades, the technology remains essential for organizations.

VM tools have evolved from mere scanners assisting with vulnerability discovery to become platforms that help security teams prioritize and remediate vulnerabilities in a seamless workflow. VM vendors are in different stages of developing their legacy solutions into unified risk management tools.

In this Frost Radar™, Frost & Sullivan shortlisted and assessed 11 VM vendors from a pool of about 25 market participants. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Analyst: Swetha Krishnamoorthi

Strategic Imperative and Growth Environment

Strategic Imperative

• As traditional vulnerability management (VM) evolves to broader exposure management, adjacent solutions, such as automated security validation, penetration testing, and threat intelligence, are converging. As competition intensifies, VM vendors face more pressure to deliver comprehensive solutions, forcing out niche players. Price pressures will mount, which will affect profitability. Mergers and acquisitions, new market entrants, portfolio expansion/restructuring, and partnerships with service providers will take center stage in the next 5 years.
• AI is driving significant shifts in product architecture and business models across the technology landscape, and VM is no exception. Most VM vendors are actively integrating AI into prioritization algorithms, workflow automation, and user experience enhancements. Some vendors are addressing AI as a potential attack surface, offering solutions to identify vulnerabilities introduced by AI agents.
• AI will become a core differentiator. As traditional capabilities such as discovery and prioritization become commoditized, vendors that effectively integrate AI into their platforms will gain a competitive edge. AI will specifically support vendors in transitioning from VM to exposure management, leveraging its ability to correlate data across attack surfaces and enhance risk scoring. The VM market will also witness the entry of new vendors specializing in AI security or SecOps.
• VM tools share overlapping features with other categories of security solutions, such as breach and attack simulation (BAS), digital risk protection (DRP), extended detection and response (XDR), threat intelligence platforms, and automated penetration testing.
• As organizations move toward holistic, single-pane-of-glass security, vendors will integrate capabilities from upstream, downstream, or complementary applications. Frost & Sullivan envisions the emergence of an integrated security posture assessment tool within the next decade that will provide end-to-end risk management for enterprises.

Growth Environment

• Growth momentum has been decelerating over the last 4 years. Market revenue is poised to increase at a moderate compound annual growth rate (CAGR) of 10.3% between 2024 and 2029, reaching $3.07 billion market by 2029.
• The VM market is on the cusp of a technology refresh cycle. As vulnerability discovery becomes standardized, prioritization and remediation have become focus areas for VM vendors' innovation pipelines.
• The vulnerability assessment (VA) segment will continue to see steady growth, recording a CAGR of 9.2% between 2025 and 2029. The vulnerability prioritization and remediation (VPR) and vulnerability management as a service (VMaaS) segments will record higher CAGRs of 12.1% over the same period.
• North America will continue to contribute the most revenue. However, regulatory mandates, business owners' awareness of the importance of security, and a preference for regional vendors will accelerate growth in Europe and Asia-Pacific.
• Expanding attack surfaces including cloud and AI, regulatory pressure mandating VM, and the evolution of VM solutions from traditional scanners to exposure management will influence growth. At the same time, competitive pressures, geopolitical factors, and market saturation will restrain momentum.
• AI will shape product directions and disrupt the competitive structure. Vendors intelligently leveraging AI in their product strategy and capable of going to market rapidly will gain a competitive edge.

Best Practices & Growth Opportunities

Best Practices

AI integration is the most transformative trend in VM. Of particular focus are applications in automated vulnerability prioritization, predictive threat analytics, false positive reduction, and natural language processing for remediation guidance. AI-driven solutions allow organizations by processing the overwhelming volume of vulnerabilities to identify a small fraction that pose high risk, reducing security analysts' workloads. AI integrations must be foundational rather than supplementary.

Leading VM vendors are transitioning from traditional vulnerability scanners to comprehensive exposure management solutions, incorporating as many elements of risk management into their portfolio as possible. Elements include external attack surface management, automated security validation, predictive threat intelligence, web application scanning, cloud security, and endpoint security. Product development roadmaps feature these as near-term plans through in-house development, partnerships, or acquisitions.

The VM market is at the cusp of a technology refresh cycle. As vulnerability discovery becomes standardized, prioritization and remediation have become focus areas for the innovation pipeline. Traditional CVSS-based prioritization is inadequate for the modern threat landscape. Top vendors are developing prioritization algorithms that incorporate contextual risk factors, such as threat intelligence feeds, attack path analysis, and business context awareness, into their risk scoring algorithms.

Growth Opportunities

• Managed security services are a growth area, particularly for organizations lacking in-house expertise. VMaaS vendors compete based on service-level agreements, resource availability, and turnaround time. Demand for VMaaS has risen recently because of cyber skill shortages and organizations' perceptions of VM operations' complexity. The large volume of vulnerabilities to be fixed, despite assigning criticality ratings, is a key factor in the emergence of VMaaS as a separate segment.
• The integration of AI and machine learning is one of the most significant growth opportunities for VM vendors. Organizations are seeking AI-powered solutions that can analyze vast data sets to identify patterns and anomalies, reduce false positives, and automate remediation workflows. AI-driven VM tools improve efficiency and accuracy across all stages of the VM lifecycle.
• A significant opportunity exists for specialized solutions and go-to-market strategies that cater to organizations with limited budgets or access to cybersecurity expertise. VM vendors must have flexible licensing options, such as usage-based pricing or monthly subscription plans, to appeal to SMEs that recognize the imminent impact of the evolving threat landscape. SMEs would benefit from managed or outsourced VM services.

Table of Contents

Strategic Imperative and Growth Environment

Frost RadarTM: Vulnerability Management

Companies to Action

• Absolute Security
• Brinqa
• Intruder
• ManageEngine
• NopSec
• Nucleus Security
• Outpost24
• Qualys
• Rapid7
• SecPod
• Tenable

Best Practices & Growth Opportunities

Frost Radar Analytics

Next Steps: Leveraging the Frost Radar to Empower Key Stakeholders

• Significance of Being on the Frost Radar
• CEO's Growth Team
• Investors
• Customers
• Board of Directors

Next Steps

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