The Security Assurance Market size was valued at USD 5.39 billion in 2022 and is projected to reach USD 11.80 billion by 2030, growing at a CAGR of 9.1% from 2022 to 2030.

Security Assurance Market Overview

A high-level approach to implementing and managing IT security risks and threats is security assurance. It is a set of technologies that ensures that software is created with a level of security that can withstand possible damage from loss, misuse, alteration, disappearance, and resources it depends on.
In addition, the growing concern of companies in connection with cyber attacks, as well as phishing and malicious threats, stimulates the growth of the global market. In addition, IoT and BYOD have a positive impact on the growth of the market, but the lack of privacy and security hinders the development of the market. On the contrary, it is expected that the growing use of mobile platforms and applications will open up profitable opportunities for expansion during the forecast period.

The Security Assurance Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Security Assurance market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Accenture, Avaya, IBM, Infosys, Micro Focus, Microsoft, Netscout, SAS Institute, Sogeti, Aura Information Security, Bizcarta, Cipher, Critical Software, Content Security, Happiest Minds, Opentext, Oracle, and others.

Industry Development:

• In January 2020, Avaya launched a private cloud solution called Avaya ReadyNow for enterprises in the ASEAN region.
• In October 2019, Avaya reported a key association with RingCentral to unlock new growth opportunities.
• In October 2018, IBM Corp. announced the $34 billion acquisition of Red Hat Inc. to bolster its software and cloud computing capabilities.
• In September 2017, Micro Focus International Plc acquired a stake in Hewlett Packard Enterprise Co. $8.8 billion in asset transactions.

What are the major Applications, Types, and Regions for the Security Assurance Market?

Type     

• Business Applications
• System and Network Infrastructure
• Mobility Solutions

Enterprise Size 

• Large Enterprises
• SMEs

Industry Vertical              

• BFSI
• IT and Telecom
• Government
• Healthcare
• Retail
• Manufacturing
• Manufacturing Type
• Food and Beverages
• Industrial Machinery and Heavy Equipment
• High Tech and Consumer Electronics
• Automotive
• Others

Security Assurance Market Regional Insights:

North America dominated the market in 2021. In North America, companies are investing in developing technologies to improve productivity. The growth of the market is driven by growing Cloud-based opposition provider companies in North America as a key driver for increasing information protection by ensuring quick access and customer service circles. Driven by smart players. Moreover, a key factor driving the growth in North America is the increase in the usage of mobile devices.

Geographically, the global Security Assurance market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Security Assurance Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 9.1% from 2022 to 2030.
By Type	Business Applications System and Network Infrastructure Mobility Solutions
By Application	Large Enterprises SMEs
Industry Vertical	BFSI IT and Telecom Government Healthcare Retail Manufacturing Manufacturing Type Food and Beverages Industrial Machinery and Heavy Equipment High Tech and Consumer Electronics Automotive Others
By Companies	Accenture, Avaya, IBM, Infosys, Micro Focus, Microsoft, Netscout, SAS Institute, Sogeti, Aura Information Security, Bizcarta, Cipher, Critical Software, Content Security, Happiest Minds, Opentext, Oracle
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Frequently Asked Questions (FAQ) about the Security Assurance market:

What is the CAGR of the global Security Assurance market?

The Security Assurance Market is growing at a CAGR of 9.1% during the forecast period.

Which region would offer high growth for vendors in the Security Assurance market?

North America dominated the security assurance market in 2021.

Which Is the Most potential market segment?

By Types- Business Applications, System and Network Infrastructure, Mobility Solutions

By Applications - BFSI, Telecommunications, Government, Healthcare, Retail, Manufacturing, Others(Media, Energy and Utilities, Travel and Hospitality, Education and ITES)

Which are the top industry players in the Security Assurance market?

Accenture, Avaya, IBM, Infosys, Micro Focus, Microsoft, Netscout, SAS Institute, Sogeti, Aura Information Security, Bizcarta, Cipher, Critical Software, Content Security, Happiest Minds, Opentext, Oracle

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