Security Assurance Market by Deployment and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71917
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The security assurance market share is expected to increase by USD 3.14 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.78%.

This security assurance market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers security assurance market segmentation by deployment (on-premises and cloud-based) and geography (North America, APAC, Europe, MEA, and South America). The security assurance market report also offers information on several market vendors, including Accenture Plc, Aura Information Security, Avaya Holdings Corp., Capgemini SE, Infosys Ltd., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., NetScout Systems Inc., and SAS Institute Inc. among others.

What will the Security Assurance Market Size be During the Forecast Period?

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Security Assurance Market: Key Drivers and Challenges

The growing need to improve security is notably driving the security assurance market growth, although factors such as budget constraints may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the security assurance industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Security Assurance Market Driver

With the increase in the frequency and complexity of cyberattacks, there is an urgent need for companies to improve the quality of protection. Cybersecurity attacks across the world have become a major cause of concern. The use of outdated technologies has led to an increase in the number of such attacks. Managed network security solutions are, therefore, used to safeguard the confidential data of organizations. Such data are prone to attacks from malicious software as well as unauthorized external access, further increasing the need for security solutions. Thus, the need to improve security has significantly increased, which, in turn, will drive the growth of the market during the forecast period. Several organizations have taken steps to maintain the secrecy of their data, which gives an opportunity to vendors to launch various services for security purposes. 

Key Security Assurance Market Challenge

Security assurance was of high priority in 2020, and this is expected to remain the same as organizations contend with more threats and vulnerabilities. At the same time, they must adhere to specific compliance and regulatory requirements. The shift to remote working also has created a greater need for endpoint security so workers can access corporate resources beyond the physical network. This has increased the need for security assurance, such as cyber security assurance. The cyber threat landscape is constantly evolving, and computer technology changes rapidly. Thus, organizations must exercise security assurance, validate the effectiveness of controls, and ensure compliance with regulatory and legal requirements. These guidelines can help to ensure proper cyber risk management oversight. Such factors have increased the need for spending on security services, which pose budget constraints, especially on growing economies. Thus, the growing cyber threat that has increased the need for IT budget on cyber security assurance poses a challenge, which, in turn, has hampered the market growth. Thus, the increasing need for an IT budget regarding security assurance may act as a challenge for the market during the forecast period. 

This security assurance market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Security Assurance Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Aura Information Security
  • Avaya Holdings Corp.
  • Capgemini SE
  • Infosys Ltd.
  • International Business Machines Corp.
  • Micro Focus International Plc
  • Microsoft Corp.
  • NetScout Systems Inc.
  • SAS Institute Inc.

 

This statistical study of the security assurance market encompasses successful business strategies deployed by the key vendors. The security assurance market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The security assurance market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Security Assurance Market?

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35% of the market’s growth will originate from North America during the forecast period. The US is a key market for security assurance in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The need for compliance with regulations imposed by the government due to the growing instances of cyberattacks on hosted servers will facilitate the security assurance market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Deployment Segments in the Security Assurance Market?

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The security assurance market share growth by the on-premises segment will be significant during the forecast period. On-premises is the traditional and preferred method of security assurance. Hence, the segment holds the largest share of the global security assurance market. On-premises deployments enable the real-time monitoring of security assurance. Such deployments also ensure the complete security of enterprise data, such as source codes, version enhancements, and source code change histories, as they only require licensed or purchased copies of software solutions from independent software vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the security assurance market size and actionable market insights on post COVID-19 impact on each segment.

 

Security Assurance Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.78%

Market growth 2022-2026

$ 3.14 billion

Market structure

Fragmented

YoY growth (%)

10.24

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 35%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Aura Information Security, Avaya Holdings Corp., Capgemini SE, Infosys Ltd., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., NetScout Systems Inc., and SAS Institute Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Security Assurance Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive security assurance market growth during the next five years
  • Precise estimation of the security assurance market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the security assurance industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of security assurance market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • On-premises - Market size and forecast 2021-2026
    • Cloud-based - Market size and forecast 2021-2026
    • Market opportunity by Deployment

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Accenture Plc
      • Aura Information Security
      • Avaya Holdings Corp.
      • Capgemini SE
      • Infosys Ltd.
      • International Business Machines Corp.
      • Micro Focus International Plc
      • Microsoft Corp.
      • NetScout Systems Inc.
      • SAS Institute Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The security assurance market growth will increase by $3142.50 million during 2021-2026.
      The security assurance market is expected to grow at a CAGR of 10.78% during 2021-2026.
      Technavio has segmented the security assurance market by deployment (On-premises and Cloud-based) and geographic (North America, APAC, Europe, MEA, and South America).
      Accenture Plc, Aura Information Security, Avaya Holdings Corp., Capgemini SE, Infosys Ltd., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., NetScout Systems Inc., SAS Institute Inc. are a few of the key vendors in the security assurance market.
      North America will register the highest growth rate of 34.67% among the other regions. Therefore, the security assurance market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the security assurance market growth are:
      • Growing need to improve security
      The security assurance market vendors should focus on grabbing business opportunities from the on-premises segment as it accounted for the largest market share in the base year.
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