South Korea Patch Management Market Size & Outlook
The patch management market in South Korea is expected to reach a projected revenue of US$ 40.2 million by 2030. A compound annual growth rate of 13.5% is expected of South Korea patch management market from 2024 to 2030.
- Enterprise Technology & Automation
- Enterprise Software & SaaS
- Patch Management Market Outlook
- Enterprise Software & SaaS
Revenue, 2023 (US$M)
$16.6
Forecast, 2030 (US$M)
$40.2
CAGR, 2024 - 2030
13.5%
Report Coverage
South Korea
South Korea Patch Management Market, 2018-2030 (US$M)
Global Market
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South Korea patch management market highlights
- The South Korea patch management market generated a revenue of USD 16.6 million in 2023 and is expected to reach USD 40.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.5% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Patch management market data book summary
| Market revenue in 2023 | USD 16.6 million |
| Market revenue in 2030 | USD 40.2 million |
| Growth rate | 13.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Microsoft Corp, Broadcom Inc, International Business Machines Corp, VMware, Qualys Inc, Freshworks Inc Ordinary Shares Class A, SolarWinds Corp Ordinary Shares, Thoma Bravo, Symantec, Automox, Kaseya, NinjaOne, Pulseway, Heimdal, SysAid |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global patch management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China patch management market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 65.3 million by 2030.
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Patch Management Market Scope
Patch Management Market segmentation & scope
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Patch Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| Broadcom Inc | View profile | 20,000 | 3421 Hillview Avenue, Palo Alto, CA, United States, 94304 | www.broadcom.com |
| VMware | View profile | 10001+ | Palo Alto, California, United States, North America | www.vmware.com |
| Qualys Inc | View profile | 2,210 | 919 East Hillsdale Boulevard, 4th Floor, Foster City, CA, United States, 94404 | www.qualys.com |
| Freshworks Inc Ordinary Shares Class A | View profile | 4,900 | 2950 S. Delaware Street, Suite 201, San Mateo, CA, United States, 94403 | www.freshworks.com |
| SolarWinds Corp Ordinary Shares | View profile | 2,077 | 7171 Southwest Parkway, Building 400, Austin, TX, United States, 78735 | www.solarwinds.com |
| Thoma Bravo | View profile | 251-500 | Chicago, Illinois, United States, North America | www.thomabravo.com |
| Symantec | View profile | 10001+ | Mountain View, California, United States, North America | www.broadcom.com |
| Automox | View profile | 101-250 | Austin, Texas, United States, North America | www.automox.com/ |
South Korea Patch Management Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Patch Management Market Outlook will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 62.65% in 2023.
Horizon Databook has segmented the South Korea patch management market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Patch Management Market Solution Outlook (Revenue, USD Million , 2018-2030)
- Software
- Services
- South Korea Patch Management Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- Cloud
- On-premise
- South Korea Patch Management Market Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
- Small and medium-sized enterprises
- Large enterprises
- South Korea Patch Management Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- BFSI
- IT and Telecom
- Retail & E-commerce
- Healthcare
- Manufacturing
- Government
- Energy & Utilities
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Patch Management Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Patch Management Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Patch Management Market, 2018-2030 (US$M)
South Korea patch management market statistics, by solution, 2018-2030 (US$M)
