Security Assurance Industry Analysis, Growth Rate, Business Opportunities and Competitive Landscape | Coronavirus Effects

 Market Highlights

According to the latest report by Market Research Future (MRFR), the market is expected to record a significant market valuation of USD 6.71 billion by 2024 at a steady CAGR of 10.4% over the review period.

Drivers and Restraints

Companies across the globe rely on software to secure their cloud storage infrastructure and data as well as on the premise that has increased the information protection requirement. The companies use information protection to determine their application suppliers / partners' protection assurance activities. One of the major factors leading to market growth is the introduction of ever more complex and strict government legislation to protect data from unauthorized access by corporations. Additionally, the growing adoption by enterprises of cloud-based security assurance solutions is also expected to drive the market. Another factor contributing to the size of the market is the increasing deployment of third party applications that protect the computing environment and data, integrated with the core software. Nonetheless, hybrid cloud protection issues are expected to hinder market growth over the forecast period. Growing cloud-based applications across vertical lines and the increasing trend of IoT and connected mobile devices are expected to create profitable opportunities for key security assurance providers in the global market.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7873

Segmentation:

The global market for security assurance was segmented based on application, size of company, vertical, and area.

The global security assurance market was divided by application into mobile solutions, business applications, and device and network infrastructure. The segment of business applications is expected to have the largest market share while the segment of mobile solutions is expected to experience the highest CAGR over the forecast period.

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

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

Regional Analysis

The geographic analysis of the global market for security assurance has been conducted by MRFR for Europe, Asia-Pacific, North America, and the rest of the world.

The North American region accounts for the highest market share of the global security assurance market and is expected t retain its market valuation over the review period. This is owing to the increasing stringency of data protection regulations as well as the rapid adoption of cloud technology, in developed countries such as the US and Canada. Rising measures to prevent rising security attacks and breaches, pose as an essential driver for the growth of the market in the US, which is the major contributor towards the market share in North America region.

The market in Europe is expected to be the second-largest during the review period due to the need to mitigate IT security threats. The political unrest in certain arts of Europe along with the augment of terrorist attacks in this region has increased the demand for security assurance over the review period.

 Asia-Pacific is anticipated to be the fastest-growing market in the global security assurance market during the forecast period. The increase in the adoption of security assurance services among SMEs is estimated to contribute towards the growth of the Asia-Pacific security assurance market over the assessment period.

Competitive Overview

The major market players operating in the global security assurance market as identified by MRFR are 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), and Aura Information Security (Australia). Security assurance vendors are increasingly focused on providing creative products and services and thus make significant investments in their R&D activities. App releases, service expansion, mergers, acquisitions, and alliances are the main approaches vendors follow in the security assurance industry to satisfy clients' diverse demands and grow into new regions.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/security-assurance-market-7873

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

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                    

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

IT Asset Management Software Market Share, Growth Factors, Comprehensive Research, Analysis by Leading Companies with Forecast till 2027 | Coronavirus Effects

  Market Highlights The IT assets include the hardware component as well as the software component. IT asset management software has a prominent role in the growth strategy of an enterprise. It helps the senior level management to make accurate purchase decisions. IT asset management is also referred to as IT inventory management as it largely involves the collection of information, regarding hardware and software used in an organization. The IT asset management software market is estimated to reach a valuation of USD 3 Bn towards the end of 2023. The software has developed a significant role in devising growth strategies of enterprises which is likely to accelerate its adoption over the next couple of years. Additionally, the reduced cost of software licensing by relocating non-utilized resources is expected to fuel the growth of the market. IT asset management can be categorized as hardware asset management, digital asset management, and software asset management. Get a F...
Read more

Intelligent Railway Transport System Market Key Findings, Regional Analysis, Top Key Players, Profiles and Future Prospects | Impact of COVID-19

  Market Scenario: The intelligent railway transport system facilitates the use of information technology for managing the services provided by the railways. The railway relies on the radio network and the GPS system for effective implementation of intelligent transport system. The intelligent railway transport system market is majorly driven by its ability of providing high security for the passengers and the high service quality to the customers. The market will also grow with the increase in adoptions of internet of things technology in the railway system. The increasing trend of internet services is contributing in the growth of Intelligent Railway Transport System Market. The increasing use of rail transport among all modes of transportation has created an effective and timely management of services among others such as scheduling of trains. Whereas, the increased need for adoption of intelligent transport system in railways has made this possible and hence has increased the...
Read more

Network Slicing Market Research Report- Forecast till 2026

  Market Highlights The global network slicing market is projected to reach USD 1,936.67 million by 2026, registering a CAGR of 51.48% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the network slicing market to offer a better glimpse into the coming years Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/10624 Segmentation: The global network slicing market has been segmented based on component, end user, application, and region Based on component, the global network slicing market has been segmented into solution and services. The services segment is further sub-divided into professional and managed services. The solution segment is expected to account for a significant market share over the projected period. The increasing adoption of network slicing solutions in the market for delivering high-speed network coverage services across various end users contributes to the growth of...
Read more