Security Assurance Market is Gaining an Upward Trend Due to the Growing Deployment of Third-Party Applications Which Protect the Computing Environment

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Security Assurance Market is Gaining an Upward Trend Due to the Growing Deployment of Third-Party Applications Which Protect the Computing Environment

August 29
06:37 2019
Security Assurance Market is Gaining an Upward Trend Due to the Growing Deployment of Third-Party Applications Which Protect the Computing Environment

Security Assurance Market
Security Assurance Market Research Report by Application (Mobility Solutions, Business Applications, System and Network Infrastructure), Organization Size (Large Enterprise, Small and Medium-Sized Enterprise), Vertical (Telecommunications and IT, BFSI, Healthcare and Pharmaceuticals, Government, Retail and e-Commerce, Manufacturing, others), Region (North America, Europe, Asia-Pacific, Rest of the World) – Forecast till 2024

Market Highlights

Enterprises require security assurance for determining the authenticity of features, practices, processes, procedures, and architecture of the information system. The major factors boosting market growth are the need for compliance with regulations and standards such as PCI DSS, UK DPA, HIPAA, and ISO 27001. Significant increase in cloud-based security solutions is also driving market growth. The increasing demand from SMEs and the growing applications across verticals offer lucrative opportunities for security assurance providers in the market. However, concerns regarding hybrid cloud security can limit market growth during the forecast period.

The Global Security Assurance Market is Expected to Register a CAGR of 10.4% During the Forecast Period to Reach USD 6.71 billion by 2024.

Key Players:

  • Avaya Inc. (US)
  • IBM Corporation (US)
  • Infosys Limited (India)
  • Micro Focus (UK)
  • NETSCOUT (US)
  • SAS Institute Inc. (US)
  • Capgemini (France)
  • Spirent Communications (UK)
  • Radix Security Inc (Israel)
  • Tenable, Inc. (US)
  • Telos Corporation (US)
  • Happiest Minds (India)
  • CIPHER Security LLC. (US)
  • BizCarta Technologies India Pvt Ltd (India)
  • Aura Information Security (Australia)

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Segmentation:

According to Market Research Future, the global security assurance market has been segmented based on application, organization size, vertical, and region/country.

By application, the global security assurance market has been divided into mobility solutions, business applications, and system and network infrastructure. The business applications segment is expected to have the largest market share, while the mobility solutions segment is projected to register the highest CAGR during the forecast period.

Based on organization size, the market has been segmented into large enterprises and small and medium enterprises (SME). The large enterprise segment is expected to have a higher market size during the review period. Large organizations extensively deploy security assurance on premise as well as on the cloud.

By vertical, the global security assurance market has been divided into banking, financial services and insurance (BFSI), telecommunications and IT, healthcare and pharmaceuticals, government, retail and e-commerce, manufacturing, and others. The BFSI vertical is expected to be the largest segment and is expected to grow with the highest CAGR.

By region, the global security assurance market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis:

The Global Security Assurance Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to be the largest market with the US being a technologically advanced country deploying these solutions with the maximum number of leading market players.

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List of Tables

Table 1 Global Security Assurance Market, By Region, 2019–2024

Table 2 North America: Global Security Assurance Market, By Country, 2019–2024

Table 3 Europe: Global Security Assurance Market, By Country, 2019–2024

Table 4 Asia-Pacific: Global Security Assurance Market, By Country, 2019–2024

Table 5 Rest Of The World: Global Security Assurance Market, By Country, 2019–2024

Table 6 North America: Global Security Assurance Application Market, By Country, 2019–2024

Table 7 Europe: Global Security Assurance Application Market, By Country, 2019–2024

Table 8 Asia-Pacific: Global Security Assurance Application Market, By Country, 2019–2024

Table 9 Rest Of The World: Global Security Assurance Application Market, By Country, 2019–2024

Table 10 Global Security Assurance Organization Size Market, By Region, 2019–2024

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