The security assurance market is expected to register a CAGR of 10.6% during 2023–2031. The growing acceptance of IoT and BYOD is likely to remain a key trend in the market.
Security Assurance Market Analysis
- The surge in the use of cloud-based services is propelling the security assurance market forward. The ongoing advancement of technologies and software in the BFSI sector underscores the critical need for security assurance to fend off threats and maintain robust security measures within enterprises.
- Conversely, the increasing uptake of security assurance in Small and Medium Enterprises (SMEs) is anticipated to offer substantial opportunities to the security assurance market.
Security Assurance Market Overview
- Security Assurance helps to minimize risk from cyber threats and data loss. Security assurance provides customized product security as per customers' preferences. It ensures that information is secure and helps in the decision-making process. Moreover, it also helps to secure real-time confidential data.
- Moreover, the rise in apprehensions regarding cyberattacks and the increasing threat of phishing and malware within businesses are driving the expansion of the worldwide security assurance market. Additionally, the influence of IoT and BYOD is contributing to the positive development of the security assurance market.
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Security Assurance Market: Strategic Insights
Security Assurance Market
-
Market Size 2023
US$ XX Billion
-
Market Size 2031
US$ XX Billion
Market Dynamics
GROWTH DRIVERS
- Rising Adoption of Cloud-Based Services in Organizations
FUTURE TRENDS
- Growing Adoption of Security Assurance in Small and Medium Enterprises (SMEs)
OPPORTUNITIES
- The Growing Acceptance of IoT and BYOD
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Organization Size
- SMEs
- Large Enterprises
Application
- System and Network Infrastructure
- Business Applications
- Mobility Solutions
Industry Vertical
- BFSI
- Manufacturing
- Public Sector
- Healthcare
- Retail
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Security Assurance Market: Strategic Insights
-
Market Size 2023
US$ XX Billion -
Market Size 2031
US$ XX Billion
Market Dynamics
- Rising Adoption of Cloud-Based Services in Organizations
- Growing Adoption of Security Assurance in Small and Medium Enterprises (SMEs)
- The Growing Acceptance of IoT and BYOD
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- SMEs
- Large Enterprises
- System and Network Infrastructure
- Business Applications
- Mobility Solutions
- BFSI
- Manufacturing
- Public Sector
- Healthcare
- Retail
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Security Assurance Market Drivers and Opportunities
Rising Adoption of Cloud-Based Services in Organizations
- The increasing integration of cloud-based services in organizations results in a greater volume of real-time sensitive data. This creates a significant imperative for safeguarding this data, thereby propelling the growth of the security assurance market.
- The shift towards remote work culture within organizations directly influences the security of confidential information, thereby necessitating the adoption of security assurance measures. Cloud-based services require regular updating to address the escalating threat of cyber-attacks, making security assurance instrumental in safeguarding organizations from such risks.
Growing Adoption of Security Assurance in Small and Medium Enterprises (SMEs)
- The increasing embrace of security assurance within enterprises is aimed at safeguarding their business operations, such as sales, employee training, and financial standing. Additionally, real-time data used for decision-making is shielded from cyber threats through the execution of security assurance.
- The confidentiality and authentication of both small and medium-sized enterprises are further bolstered with the assistance of security assurance. Furthermore, the protection of enterprises' intellectual property rights (IPR) is also ensured through security assurance measures.
Security Assurance Market Report Segmentation Analysis
Key segments that contributed to the derivation of the security assurance market analysis are organization size, application, and industry vertical.
- Based on organization size, the market is bifurcated into SMEs and large enterprises. The large enterprises segment held a significant market share in 2023.
- Based on application, the market is segmented into system and network infrastructure, business applications, and mobility solutions. The system and network infrastructure segment held a significant market share in 2023.
- In terms of industry vertical, the market is segmented into BFSI, manufacturing, public sector, healthcare, retail, and others. The BFSI segment held a substantial share of the market in 2023.
Security Assurance Market Share Analysis by Geography
The geographic scope of the security assurance market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
In the dynamic landscape of North America, businesses are proactively investing in emerging technologies to enhance their operational efficiency. With the intensifying competition among cloud-based service providers in the region, industry leaders are prioritizing the fortification of data security by ensuring rapid accessibility and expanding their service outreach to clients. This concerted effort is propelling the growth of the security assurance market in North America, fostering a climate of heightened protection for critical information. Moreover, the increased utilization of mobile devices stands as a foundational element contributing to the burgeoning expansion of security assurance in the region, reflecting the evolving digital ecosystem's influence on business strategies and technological advancements.
Security Assurance Market Market Report Scope
Report Attribute
Details
Market size in 2023
US$ XX Billion
Market Size by 2031
US$ XX Billion
Global CAGR (2023 - 2031)
10.6%
Historical Data
2021-2023
Forecast period
2024-2031
Segments Covered
By Organization Size - SMEs
- Large Enterprises
By Application - System and Network Infrastructure
- Business Applications
- Mobility Solutions
By Industry Vertical - BFSI
- Manufacturing
- Public Sector
- Healthcare
- Retail
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
AT&T, Inc. Accenture Avaya Inc. IBM Corporation Infosys Micro Focus Microsoft Corporation NETSCOUT SAS BizCarta Technologies India Pvt Ltd
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Billion |
Market Size by 2031 | US$ XX Billion |
Global CAGR (2023 - 2031) | 10.6% |
Historical Data | 2021-2023 |
Forecast period | 2024-2031 |
Segments Covered |
By Organization Size
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Security Assurance Market News and Recent Developments
The security assurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the security assurance market are listed below:
- DNV, a global leader in management system certification, is pleased to announce that it has acquired Auvaro, a privately owned assurance company primarily providing information security assurance statements and management system audits.
(Source: DNV, Company Website, October 2023)
Security Assurance Market Report Coverage and Deliverables
The “Security Assurance Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Security assurance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Security assurance market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Security assurance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the security assurance market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global security assurance market is estimated to register a CAGR of 10.6% during the forecast period 2023–2031.
The rising adoption of cloud-based services in organizations is driving market growth.
The growing acceptance of IoT and BYOD is a key trend in the market.
AT&T, Inc., Accenture, Avaya Inc., IBM Corporation, Infosys, Micro Focus, Microsoft Corporation, NETSCOUT, SAS, BizCarta Technologies India Pvt Ltd, and Capgemini are key players operating in the market.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on the request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The List of Companies
1. Accenture Plc
2. BizCarta
3. Infosys Limited
4. Micro Focus
5. Microsoft Corporation
6. NETSCOUT
7. Open Text Corporation
8. SAS Institute Inc.
9. Telos Corporation
10. Wipro Limited