Security Assurance Market Research Report- Forecast till 2027
Market Highlights
Companies across the globe rely on software to secure their cloud storagerninfrastructure and data as well as on the premise that has increased therninformation protection requirement. The companies use information protection torndetermine their application suppliers / partners' protection assurancernactivities. One of the major factors leading to market growth is the introductionrnof ever more complex and strict government legislation to protect data fromrnunauthorized access by corporations. Additionally, the growing adoption byrnenterprises of cloud-based security assurance solutions is also expected torndrive the market. Another factor contributing to the size of the market is thernincreasing deployment of third party applications that protect the computingrnenvironment and data, integrated with the core software. Nonetheless, hybridrncloud protection issues are expected to hinder market growth over the forecastrnperiod. Growing cloud-based applications across vertical lines and thernincreasing trend of IoT and connected mobile devices are expected to creaternprofitable opportunities for key security assurance providers in the globalrnmarket.
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In its research report, Market Research Future (MRFR), emphasizes that thernglobal security assurance market 2020 is expected to grow exponentially overrnthe review period, securing a substantial market valuation of USD 6.71 billionrnby 2027, and a healthy 10.4% CAGR over the review period.
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Regional Analysis
Thernglobal business regional analysis was conducted in four major regions includingrnAsia Pacific, North America, Europe and the rest of the world.
NorthrnAmerica accounts for the largest market share due to the rapid introduction ofrncloud technologies as well as rising data privacy laws becoming stricter. Underrnthe area the analysis included the U.S., Canada, and Mexico. Increasing stepsrnto avoid increased security threats and breaches are serving as a catalyst ofrnUS business growth. Due to the need to counter IT security risks, the demand inrnEurope is projected to be second-largest during the analysis period. Over thernforecast period Asia-Pacific is projected to be the fastest growing region onrnthe global security assurance sector. The increase in the adoption of securityrnassurance services between SMEs is expected to contribute to the growth of thernAsia-Pacific security insurance sector.
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Competitive Overview
Thernmajor market players operating in the global security assurance market asrnidentified by MRFR are Avaya Inc.(US), IBM Corporation (US), Infosys Limitedrn(India), Micro Focus (UK), NETSCOUT (US), SAS Institute Inc. (US), Capgeminirn(France), Spirent Communications (UK), Radix Security Inc (Israel), Tenable,rnInc. (US), Telos Corporation (US), Happiest Minds (India), CIPHER Security LLC.rn(US), BizCarta Technologies India Pvt Ltd (India), and Aura InformationrnSecurity (Australia). Security assurance vendors are increasingly focused onrnproviding creative products and services and thus make significant investmentsrnin their R&D activities. App releases, service expansion, mergers,rnacquisitions, and alliances are the main approaches vendors follow in thernsecurity assurance industry to satisfy clients' diverse demands and grow intornnew regions.
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Segmentation:
Thernglobal market for security assurance was segmented based on application, sizernof company, vertical, and area.
Thernglobal security assurance market was divided by application into mobilernsolutions, business applications, and device and network infrastructure. Thernsegment of business applications is expected to have the largest market sharernwhile the segment of mobile solutions is expected to experience the highestrnCAGR over the forecast period.
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Basedrnon organization size, the global security assurance market has been dividedrninto small- and medium-sized enterprise (SME) and large enterprise. The largernenterprise segment is slated to have a higher market size during the reviewrnperiod. Large organizations extensively deploy security assurance on premise asrnwell as on the cloud.
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On thernbasis of vertical, the global security assurance market has been divided intornbanking, financial services and insurance (BFSI), telecommunications and IT,rnhealthcare and pharmaceuticals, government, manufacturing, retail andrne-commerce, and others. The BFSI vertical is poised to be the most significantrnsegment and is expected to grow with the highest CAGR.
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Browse Complete Report @ https://www.marketresearchfuture.com/reports/security-assurance-market-7873
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SecurityrnAssurance Market Research Report by Application (Mobility Solutions, BusinessrnApplications, System and Network Infrastructure), Organization Size (LargernEnterprise, Small and Medium-Sized Enterprise), Vertical (Telecommunicationsrnand IT, BFSI, Healthcare and Pharmaceuticals, Government, Retail andrne-Commerce, Manufacturing, others), Region (North America, Europe,rnAsia-Pacific, Rest of the World) - Forecast till 2027
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About Market Research Future:
At Market ResearchrnFuture (MRFR), we enablernour customers to unravel the complexity of various industries through ourrnCooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw ResearchrnReports (3R), Continuous-Feed Research (CFR), and Market Research &rnConsulting Services.
MRFRrnteam have supreme objective to provide the optimum quality market research andrnintelligence services to our clients. Our market research studies by products,rnservices, technologies, applications, end users, and market players for global,rnregional, and country level market segments, enable our clients to see more,rnknow more, and do more, which help to answer all their most importantrnquestions.
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Contact:
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