USD 7.37 billion
Security Assurance Market Size, Share, Growth Analysis, By Component(Software, Services (Consulting, Training, Support and Maintenance)), By Deployment Mode(On-Premises, Cloud-Based), By Application(Network Security, Application Security, Cloud Security, Endpoint Security), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2139 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
92
|Figures:
76
Security Assurance Market Insights
Global Security Assurance Market size was valued at USD 7.37 billion in 2022 and is poised to grow from USD 8.04 billion in 2023 to USD 16.14 billion by 2031, growing at a CAGR of 9.10% during the forecast period (2024-2031).
The global Security Assurance market is experiencing giant boom driven by way of escalating cybersecurity threats and the increasing complexity of IT environments. Organizations global are recognizing the critical want for sturdy security features, fueling the demand for comprehensive Security Assurance answers. Factors inclusive of the upward push of cloud computing, the proliferation of IoT devices, and the surge in far off work make a contribution to the market's growth.
Key insights include the emphasis on proactive danger management, compliance with stringent regulations, and the combination of advanced technology like AI and machine learning for greater chance detection and response. The Security Assurance market is poised for continued growth as organizations prioritize safeguarding their digital property in an evolving hazard landscape.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Software
Fastest Growth
Services
Growth Rate
9.10% CAGR
Global Security Assurance Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Security Assurance Market Segmental Analysis
The global Security Assurance market is segmented into four major segments i.e. by By Component, Deployment Mode, Application, and region. Based on Type, it is divided into Software, Services (Consulting, Training, Support and Maintenance). Based on Deployment Mode, it is bifurcated as On-Premises, Cloud-Based. Based on Application it is segregated into, Network Security, Application Security, Cloud Security, Endpoint Security, Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Component
Software is anticipated to dominate the Security Assurance market because of the growing call for for advanced protection solutions. As cybersecurity threats become more sophisticated, organizations seek complete software answers for risk detection, vulnerability management, and protection analytics. The versatility of safety software, providing a huge range of functionalities, positions it as a fundamental element in safeguarding digital belongings.
Services are anticipated to be the quickest-developing thing kind. The evolving threat landscape necessitates non-stop updates and know-how. Organizations are increasingly making an investment in consulting services for tailored protection techniques, education programs to decorate in-residence abilties, and ongoing support and protection for effective safety guarantee.
Analysis byApplication
Network Security is poised to dominate the marketplace because it plays a critical role in defensive agencies from a wide range of cyber threats. With the growing complexity of IT environments and the developing wide variety of related gadgets, securing network infrastructure turns into a pinnacle priority. The dominance of Network Security is in addition pushed by using the upward thrust in sophisticated cyberattacks targeting networks, making it an fundamental issue of comprehensive Security Assurance techniques.
Cloud Security is expected to be the fastest-growing software section. The surge in cloud adoption across industries needs sturdy security features to protect touchy data stored and processed in cloud environments. As companies migrate to the cloud, the want for advanced Cloud Security solutions rises, addressing precise demanding situations related to virtualized and disbursed infrastructures.
Global Security Assurance Market By Component
To get detailed analysis on other segments, Request For Free Sample Report
Security Assurance Market Regional Insights
North America is predicted to dominate the Security Assurance market. The area boasts a mature and technologically superior IT landscape, coupled with a excessive consciousness of cybersecurity threats. The presence of several key players, full-size research and improvement sports, and stringent regulatory frameworks pressure the adoption of Security Assurance answers.
Asia-Pacific is expected to be the quickest-growing area in the Security Assurance marketplace. The place's fast monetary improvement, digital transformation projects, and growing connectivity contribute to heightened cybersecurity issues. Governments and establishments in Asia-Pacific are spotting the importance of sturdy safety features, fostering the adoption of Security Assurance answers.
Global Security Assurance Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Security Assurance Market Dynamics
Drivers
Increasing Frequency And Sophistication Of Cyber Threats
- The escalating frequency and sophistication of cyber threats global power the call for for complete Security Assurance solutions. Organizations, throughout diverse industries, are increasingly spotting the vital to protect their virtual belongings and touchy facts from evolving protection dangers.
Restraints
High Shortage Of Skilled Cybersecurity Professionals
- One of the main market restraints is the shortage of skilled cybersecurity professionals, creating a gap between the demand for stylish security measures and the to be had expertise to enforce them. Additionally, the high implementation fees associated with advanced Security Assurance answers can pose a barrier, specially for small and medium-sized corporations with restricted sources.
Request Free Customization of this report to help us to meet your business objectives.
Security Assurance Market Competitive Landscape
The competitive surroundings of the Security Assurance market is dynamic and characterised by way of excessive opposition among key players striving to establish a strong foothold. Numerous cybersecurity corporations, each set up international entities and emerging innovators, make contributions to the market's range. Key tendencies in the competitive landscape encompass a focus on developing advanced risk detection and response capabilities, frequently integrating synthetic intelligence and gadget mastering.
Top Player’s Company Profiles
- Crowdstrike
- Rapid7
- Tenable
- Cisco
- IBM Security
- Deepwatch
- Mandiant
- Accenture Security
- Deloitte Cyber
- CyberArk
- Fortinet
- Qualys
- Check Point Software Technologies
- Sumo Logic
- SentinelOne
- Splunk
- Crowdstrike Falcon
Recent Developments
- August 2023: Accenture has finished the purchase of Innotec Security, a privately held company with understanding in cybersecurity-as-a-carrier, cyber resilience, and cyber danger management. This strategic circulate enhances Accenture's abilties and presence in Spain, similarly strengthening its position in the cybersecurity domain.
- October 2023: Accenture (NYSE: ACN) has successfully obtained MNEMO Mexico, a privately held corporation with a focal point on managed cybersecurity offerings. The economic details of the transaction have not been disclosed.
Security Assurance Key Market Trends
- Rising Emphasis On Proactive Threat Intelligence And Risk Management: The growing emphasis on proactive threat intelligence and risk control. Organizations are adopting Security Assurance solutions that leverage advanced analytics and artificial intelligence to are expecting and save you potential protection threats earlier than they materialize. Additionally, there is a growing fashion in the direction of integrated and automated security answers that streamline processes and beautify the performance of incident response.
Security Assurance Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Security Assurance marketplace analysis reveals a dynamic market with a number of standout traits and difficulties. The marketplace witnesses sturdy growth pushed through escalating cyber threats and technological advancements. Key drivers encompass the growing adoption of advanced technology like cloud computing and IoT, fostering demand for sturdy security measures. However, restraints consist of a shortage of skilled experts and high implementation expenses.
Network Security dominates product types because of rising state-of-the-art cyber threats. Regionally, North America leads, propelled through a mature IT panorama. Key tendencies encompass the combination of AI for predictive analytics and the convergence of protection and compliance. The market is poised for continual growth as companies prioritize comprehensive Security Assurance techniques in an evolving danger panorama.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.37 billion |
| Market size value in 2031 | USD 16.14 billion |
| Growth Rate | 9.10% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Security Assurance Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Security Assurance Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Security Assurance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Security Assurance Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Security Assurance Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Security Assurance Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
