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As of 2023, the worldwide security assurance industry was worth $4.25 billion. With a predicted CAGR (compound annual growth rate) of 14.45% from 2024 to 2031, the security assurance market is expected to expand from $5.19B in 2024 to $14.11B in 2031. The main factors fueling market growth are rising concerns about network safety and growing support for the bring-your-own-device (BYOD) movement.
The rising complexity of IT environments and the severity of cybersecurity threats are fueling a massive expansion in the worldwide security assurance market. The need for comprehensive Security Assurance solutions is being driven by organizations throughout the world that have come to realize the crucial need for strong security features. The expansion of remote work, the rise of Internet of Things (IoT) devices, and the popularity of cloud computing are all factors that are helping to propel the market forward.
Proactive risk management, strict regulatory compliance, and the integration of cutting-edge technology such as AI and ML to improve chance detection and response are important takeaways. With enterprises increasingly concerned about protecting their digital assets in a constantly changing threat landscape, the security assurance industry is expected to have sustained development.
Many causes are propelling the security assurance market forward. One of them is the fact that it assists businesses in keeping their security effectiveness at a tolerable level, which in turn has led to its successful acceptance in cloud-based services. The relevance of security assurance in safeguarding operations from internal and external threats is growing as new technologies and software are constantly entering the finance and banking sector. Furthermore, security assurance is expected to see a continuous increase in adoption rate among SMEs in the future years, which will open up substantial prospects for market players.
With an emphasis on worldwide market trends, the "Global Security Assurance Market Analysis to 2030" provides a detailed and expert examination of the media, technology, and telecom industries. The purpose of this research is to offer a survey of the security assurance business by breaking it down into several submarkets based on factors such as company size, application, industry, and region. We anticipate that the worldwide security assurance market will expand at a rapid pace over the next few years. Key information on the market status of the top companies in the Security Assurance industry are included in the analysis, along with important market trends and opportunities.
The expansion of cloud-based technology is propelling the security assurance market to a higher CAGR. Businesses have the opportunity to construct extremely secure cloud platforms with the aid of software-defined perimeters and other supplementary infrastructure technologies. The development of cloud platform security standards and legislation by several countries is also contributing to the expansion of the global cyber security market. When it comes to modernizing their applications and infrastructures, a frequent strategy for SMEs is to move to cloud-based platforms such as Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS). Future problems like this are likely to increase the demand for security assurance.
Increased concern about phishing, malware, and cyberattacks among businesses is also driving growth in the worldwide security assurance industry. With the rise of IoT and BYOD policies, the security assurance industry is seeing rapid growth. However, due to privacy and security concerns, the security assurance industry is experiencing a slowdown. Its use in maintaining a satisfactory degree of security for organizations has led to its extensive acceptance among cloud service providers. Because the banking and financial sector is constantly inventing new software and technology, there is an enormous need for security assurance to protect operations from both internal and external threats. Security assurance will also play an increasingly important role in protecting small and medium-sized enterprises (SMEs) in the coming years. Consequently, the worldwide market is growing due to the rising popularity of security assurance.
Report Coverage
Global Security Assurance research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Security Assurance report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Security Assurance competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Security Assurance market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Security Assurance market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Security Assurance market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Avaya Inc., Infosys, Aura Information Security, Tenable Inc., SAS, Radix Security Inc., capgemini, CIPHER Security LLC, Micro Focus, Telos Corporation, NETSCOUT, BizCarta Technologies India Pvt Ltd, Happiest Minds, Accenture, IBM CORPORATION, Spirent Communications, Microsoft Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Security Assurance market based on the below-mentioned segments:
Global Security Assurance Market, By Type
Business Applications
System and Network Infrastructure
Mobility Solutions
Global Security Assurance market, By Vertical
BFSI
Telecommunications and IT
Healthcare and pharmaceuticals
Government
Retail and e-commerce
Manufacturing
Global Security Assurance Market, By Component
Software
Services (Consulting, Training, Support and Maintenance)
Global Security Assurance market, Regional Analysis
The rising complexity of IT environments and the severity of cybersecurity threats are fueling a massive expansion in the worldwide security assurance market. The need for comprehensive Security Assurance solutions is being driven by organizations throughout the world that have come to realize the crucial need for strong security features. The expansion of remote work, the rise of Internet of Things (IoT) devices, and the popularity of cloud computing are all factors that are helping to propel the market forward.
Proactive risk management, strict regulatory compliance, and the integration of cutting-edge technology such as AI and ML to improve chance detection and response are important takeaways. With enterprises increasingly concerned about protecting their digital assets in a constantly changing threat landscape, the security assurance industry is expected to have sustained development.
Many causes are propelling the security assurance market forward. One of them is the fact that it assists businesses in keeping their security effectiveness at a tolerable level, which in turn has led to its successful acceptance in cloud-based services. The relevance of security assurance in safeguarding operations from internal and external threats is growing as new technologies and software are constantly entering the finance and banking sector. Furthermore, security assurance is expected to see a continuous increase in adoption rate among SMEs in the future years, which will open up substantial prospects for market players.
With an emphasis on worldwide market trends, the "Global Security Assurance Market Analysis to 2030" provides a detailed and expert examination of the media, technology, and telecom industries. The purpose of this research is to offer a survey of the security assurance business by breaking it down into several submarkets based on factors such as company size, application, industry, and region. We anticipate that the worldwide security assurance market will expand at a rapid pace over the next few years. Key information on the market status of the top companies in the Security Assurance industry are included in the analysis, along with important market trends and opportunities.
The expansion of cloud-based technology is propelling the security assurance market to a higher CAGR. Businesses have the opportunity to construct extremely secure cloud platforms with the aid of software-defined perimeters and other supplementary infrastructure technologies. The development of cloud platform security standards and legislation by several countries is also contributing to the expansion of the global cyber security market. When it comes to modernizing their applications and infrastructures, a frequent strategy for SMEs is to move to cloud-based platforms such as Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS). Future problems like this are likely to increase the demand for security assurance.
Increased concern about phishing, malware, and cyberattacks among businesses is also driving growth in the worldwide security assurance industry. With the rise of IoT and BYOD policies, the security assurance industry is seeing rapid growth. However, due to privacy and security concerns, the security assurance industry is experiencing a slowdown. Its use in maintaining a satisfactory degree of security for organizations has led to its extensive acceptance among cloud service providers. Because the banking and financial sector is constantly inventing new software and technology, there is an enormous need for security assurance to protect operations from both internal and external threats. Security assurance will also play an increasingly important role in protecting small and medium-sized enterprises (SMEs) in the coming years. Consequently, the worldwide market is growing due to the rising popularity of security assurance.
Report Coverage
Global Security Assurance research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Security Assurance report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Security Assurance competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Security Assurance market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Avaya Inc., Infosys, Aura Information Security, Tenable Inc., SAS, Radix Security Inc., capgemini, CIPHER Security LLC, Micro Focus, Telos Corporation, NETSCOUT, BizCarta Technologies India Pvt Ltd, Happiest Minds, Accenture, IBM CORPORATION, Spirent Communications, Microsoft Corporation |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Security Assurance Market from 2021 to 2031.
- Market Forecast for Security Assurance Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Security Assurance competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Security Assurance
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Security Assurance market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Security Assurance market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Avaya Inc., Infosys, Aura Information Security, Tenable Inc., SAS, Radix Security Inc., capgemini, CIPHER Security LLC, Micro Focus, Telos Corporation, NETSCOUT, BizCarta Technologies India Pvt Ltd, Happiest Minds, Accenture, IBM CORPORATION, Spirent Communications, Microsoft Corporation
Primary Target Market
- Market Players of Security Assurance
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Security Assurance market based on the below-mentioned segments:
Global Security Assurance Market, By Type
Business Applications
System and Network Infrastructure
Mobility Solutions
Global Security Assurance market, By Vertical
BFSI
Telecommunications and IT
Healthcare and pharmaceuticals
Government
Retail and e-commerce
Manufacturing
Global Security Assurance Market, By Component
Software
Services (Consulting, Training, Support and Maintenance)
Global Security Assurance market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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