Global Security Assurance Market Overview:
A security assurance can be defined as the confidence that a system meets its security requirements and is resilient against security vulnerabilities and failures. Security assurance is the guarantee provided with regard to access control, security privileges, and enforcement over time as users interact with an application. Security assurance empowers enterprises to timely identify, evaluate, and manage the security risks associated with business applications, mobile devices, and related technology environments. This has led to significant growth of the global security assurance market in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing Deployment of Third-Party Applications Integrated With the Core Software
- Stringent Government Rules and Regulations
Roadblocks
- Difficulty in Providing Hybrid Cloud Security
Opportunities
- Rising Adoption of IoT and Mobile Devices
- Increase in the Adoption of Security Assurance in Cloud
Challenges
- Lack of Skilled Working Professionals
Competitive Landscape:
Some of the key players profiled in the report are Microsoft (United States), Accenture (Ireland), IBM (United States), Infosys (India), Oracle (United States), Avaya (United States), Micro Focus (United Kingdom), NETSCOUT (United States), SAS (United States), Wipro (India) and Sogeti (France). Additionally, following companies can also be profiled that are part of our coverage like Aura (New Zealand), BizCarta (India), Cipher (United States), CRITICAL Software (Portugal), Content Security (Australia), Happiest Minds (India), OpenText (Canada), Telos (United States), Tenable (United States), Radix Security (United States), Signature Consulting Group (United States) and Spirent (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Security Assurance market by 2027. Considering Market by Organization Size, the sub-segment i.e. Small & Medium Enterprises (SMEs) will boost the Security Assurance market. Considering Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Security Assurance market.
Latest Market Insights:
On 15th June 2020, IBM has acquired Spanugo, a provider of cloud cybersecurity posture management solutions. IBM has integrated Spanugo’s software into its public cloud — and promote the capabilities to financial services clientele. Financial terms were not disclosed.
In July 2020, Microsoft has announced that the personal and commercial data transmission from European Union to the US would remain unchanged and the services will continue under the framework of laws propounded by the European Union.
What Can be Explored with the Security Assurance Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Security Assurance Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Security Assurance
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Security Assurance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Security Assurance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Security Assurance Providers, Managed Security Service Providers (MSSPs), Cloud Application Security Vendors, Independent Software Vendors, Consulting Firms, System Integrators, Government Agencies, Value-Added Resellers (VARs) and IT Security Agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.