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 News

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.

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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 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. 'McAfee', 'Palo Alto Networks', 'Crowdstrike', 'Rapid7', 'Tenable', 'Cisco', 'Microsoft', 'IBM Security', 'Deepwatch', 'Mandiant', 'Accenture Security', 'Deloitte Cyber', 'CyberArk', 'Fortinet', 'Qualys', 'Check Point Software Technologies', 'Sumo Logic', 'SentinelOne', 'Splunk', 'Crowdstrike Falcon'

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.

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.

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.

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