The Security Assurance Market is expected to grow from USD 4.35 billion in 2020 to USD 6.23 billion by 2027, at CAGR of 8.9% during the forecast period. The growth factor being the adoption of cloud-based service.
Security assurance is an advanced technique to implement and manage IT security risks and threats. It is the set of technologies that ensure that software is being designed to operate at a level of security that can deal with the harm that could be faced from the loss, inaccuracy, alteration, unavailability or misuse of the data and resources that it uses. Security assurance services help businesses to detect, analyze, and manage the security risks associated with mobile devices, business applications, and related technology environments.
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Prominent Players in the market: Avaya (US), Micro Focus (UK), IBM (US), NETSCOUT (US), Infosys (India), Accenture (Ireland), Microsoft (US), SAS (US), Sogeti (France), Aura (New Zealand) among others.
Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Security Assurance Market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2027.
The report “Security Assurance Market by Application (Business Applications, System & Network Infrastructure, and Mobility Solutions), Business (large enterprises, small and medium-sized enterprise), End-users (BFSI, Telecommunications, Government, Healthcare), and Geography-Global Forecast 2027” is available now to Reports And
For this report, the market has been segmented on the basis of organization size, Application, industry, and region:
Business (Revenue, USD Million; 2020–2027)
Large enterprises
Small and medium-sized enterprise
Application type (Revenue, USD Million; 2020–2027)
Business application
System and network infrastructure
Mobility solutions
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End-user (Revenue, USD Million; 2020–2027)
BFSI
Healthcare
Government
Retail and manufacturing
Telecommunications
Others
Regional Outlook (Revenue, USD Million; 2020–2027)
North America
Europe
Asia Pacific
Rest of the World
Further key findings from the report suggest:
Growth of Security Assurance Market is done by the increasing knowledge about security assurance in the cloud. The security assurance market is expected to grow from USD 4.35 billion in 2020–2027 to USD 6.23 billion by 2027 at CAGR of 8.9% during the forecast period
Based on application type, the market is segmented as a business application, system, and network infrastructure, mobility solutions. The high rise in the number of mobile devices across the world is considered to be the steering factors for the growth of this market. Due to the increasing demand and use of mobile devices and connectivity, networks are more susceptible to cyber-attacks. This has further accelerated the growth of the mobility solutions segment.
Based on Business, the market is segmented as large enterprises, small and medium-sized enterprises. Security assurance helps businesses to identify, analyze, and manage the security risks associated with business applications, mobile devices, and related technology environments.
Based on End-user, the market is segmented into BFSI, Telecommunications, Government, Healthcare & Retail, Others. The sector of BFSI is actively upgrading its processes and transaction technologies, which results in the need for active end-to-end security solutions to secure operations against both, internal and external threats, in association with unauthorized accesses.
Based on region, the market is being segmented to Europe, APAC, North America, and Row. APAC is estimated to bring the highest CAGR of 10.3% during the forecast period. The IT security threats demand, and emergence in the adoption of security assurance services within SMEs are the reasons for driving the security assurance market growth in this region.
Key Highlights of the TOC:
Security Assurance Market Study Coverage: It includes the key market players, key market segments, the scope of the products offered in the global Security Assurance market, and study objectives and others. Moreover, it includes the segmentation provided in the report on the basis of product types and applications.
Security Assurance Market Executive Summary: This section focuses on the key studies, market growth rate, competitive landscape, market drivers, market challenges trends, and others.
Security Assurance Market Production by Region: The report provides the reader with key information related to import and export, production, revenue share, and key industry players of all regional markets covered in this report.
Security Assurance Market Profile of Manufacturers: Analysis of the profile each market player is detailed in this section. This also includes SWOT analysis, products, production, value, capacity, and other crucial factors of the individual players.
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Role of the Security Assurance Market Report:
Perform entry-level research by identifying the growth, size, leading players and market segments in the global Security Assurance Market
Highlights the key business priorities in order to assist the companies in realigning their business strategies.
The key findings and recommendations highlight the crucial progressive industry trends in the Security Assurance Market, thereby allowing players to develop effective long term strategies.
Modification of business expansion plans by using substantial growth opportunities offered by developed and emerging markets.
In-depth study of global market trends and outlook clubbed with the key factors driving the market, and those hindering it.
Enhance the decision-making process of the readers by understanding the strategies that underpin their commercial interests in accordance with the products, segmentation, and industry verticals.
The global Security Assurance Market has been coming up as one of the most profit-making businesses across the globe. The market has been showing considerable growth figures led by the raw material affluence, increasing population, expanding regions, rapid growth in demands, and advancing technologies.
Various tools such as SWOT analysis, Feasibility analysis, Porter’s Five Forces analysis, Value Chain Analysis, Capacity utilization analysis, and others are implemented while evaluating the Security Assurance Market, which certainly helps a reader to get a deeper insight and perception of the market and its participants. Also, it covers a cardinal evaluation of market history, patterns, changing dynamics, latest market trends, demand and supply activities, technological development, and others.
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