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Patch management refers to the process of identifying and detecting missing patches to deploy and install them on the required endpoints. In other words, patch management deals with applying firmware and software updates to several endpoints, such as mobile devices, servers, and computers.

Often considered a part of vulnerability management, patch management aims at improving functionality, closing security vulnerabilities and optimizing performance. In this blog post, we detail the main types of software patches and explain the different stages of patch management. Also, we shed light on the industry analysis and cover the major factors that are driving the patch management market demand.

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Types of Software Patching

There are several different kinds of patches, each designed to address specific issues in systems. The three main categories of software patching are:

Security patches: As their name implies, these patches are developed to address vulnerability issues in software. Security patches secure software systems being exploited by hackers and other software systems.

Bug fix patches: The severity of bugs in software systems can range from minor to critical. But fix patches ensure that the software system is updated with the latest, bug-free version.

Feature update patches: These patches are used to add new features and functionality to the software. Besides, they’re used to improve performance and make software more efficient.

What’s Driving the Market Growth?

The market for patch management is anticipated to witness robust growth. The patch management market size was USD 655.24 million in 2022 and is anticipated to grow to USD 1718.92 million by 2032, exhibiting a CAGR of 10.1% during the forecast period.

The industry growth is being driven by:

·??????? Increase in vulnerabilities in software systems

·??????? Rising deployment of third-party applications

·??????? Incorporation of several security features like real-time behavior analysis

The Patch Management Lifecycle

Patch management is treated as a continuous lifecycle by many firms. The main stages of a patch management lifecycle are:

Asset management: IT teams develop inventories of their network assets to keep a check on their IT resources.

Patch monitoring: After developing an inventory of their assets, IT teams can look for available patches and identify assets that are missing patches.

Patch prioritization: Some patches may be more important than others, especially when it comes to security patches. So, this stage involves the prioritization of patches.

Patch testing: When applying new patches, occasional problems may occur. As such, the testing of patches is done before installing them on the entire network.

Patch deployment: This stage deals with how and when the patches are deployed. Also, it often includes plans to monitor assets after patching.

Patch documentation: The documentation of patches is done to ensure their compliance with the IT systems.

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Cloud Based Segment Accounted for a Significant Market Share

By deployment, the cloud-based segment accounted for a significant patch management market share. Cloud computing has undergone significant transformation in the past decade. But despite that, they are at risk of cybercrimes and data breaches. To deal with these issues, cloud management systems use cloud-based tools to manage and apply patches effectively. Also, these systems offer the benefit of centralized management and eliminate the need for extensive versioning maintenance.

Securing Software Systems

To conclude, patch management plays an important role in correlating vulnerabilities with patches. The ability of patch management systems to identify threats swiftly and monitor them in real-time is anticipated to drive the patch management market growth over the forecast period.