Global Security Assurance Market by Organizations, Applications, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.
The global security assurance market was valued at USD 4 billion in 2019 and is projected to reach over USD 6 billion by 2026, expanding at a CAGR of more than 9% during the forecast period, 2020–2026. The growth of the market is attributed to the rising adoption of digital transformation frameworks across various industries worldwide.
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Security assurance is an advanced system to execute and oversee IT security risks and vulnerabilities proactively. It is the group of technologies that guarantee that software is being intended to work at a degree of security that can manage the dangers that could be faced from the loss, inaccuracy, modification, inaccessibility or abuse of the information and assets that it uses. Security assurance administrations help organizations to recognize, assess, and deal with the security hazards in technology environments.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising number of users for smart gadgets such mobile phones and connected devices globally is driving the growth of the market.
- Growing adoption of cloud computing platforms across the world is a favourable factor driving the market growth.
- Rising adherence to various cyber security frameworks developed worldwide is acting as a restraint for the growth of the market.
- Increasing advancements in cyber attacks adopted by hackers is a restraint in the market growth.
- The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.
Competitive Landscape:
Some of the other key players operating in the market include Avaya Inc., Micro Focus International plc, IBM Corp., Infosys Ltd., Microsoft Corp., NETSCOUT Systems Inc., SAS, Sogeti Group, and Accenture plc. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.
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The global security assurance market has been segmented on the basis of
Organizations
- Large Enterprises
- Medium-sized Enterprises
- Small Enterprises
Applications
- Business
- System & Network
- Mobility
End-users
- Banking & Insurance
- Telecommunications
- Government
- Healthcare
Regions
- Asia Pacific
China
India
Japan
- North America
U.S.
Canada
- Latin America
Brazil
Mexico
- Europe
Germany
U.K.
France
- Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Security Assurance Market Overview
- Global Security Assurance Market Analysis and Forecast by Type
- Global Security Assurance Market Analysis and Forecast by Application
- Global Security Assurance Market Analysis and Forecast by Sales Channel
- Global Security Assurance Market Analysis and Forecast by Region
- North America Security Assurance Market Analysis and Forecast
- Latin America Security Assurance Market Analysis and Forecast
- Europe Security Assurance Market Analysis and Forecast
- Asia Pacific Security Assurance Market Analysis and Forecast
- Middle East & Africa Security Assurance Market Analysis and Forecast
- Competition Landscape
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