New York, NY -- (SBWIRE) -- 04/15/2021 -- The Security Assurance Market is expected to grow from USD 4.35 billion in 2018 to USD 6.23 billion by 2023, at CAGR of 8.9% during the forecast period. The growth factor being the adoption of cloud-based service.

Security assurance is an advanced technique to implement and manage IT security risks and threats. It is the set of technologies that ensure that software is being designed to operate at a level of security that can deal with the harm that could be faced from the loss, inaccuracy, alteration, unavailability or misuse of the data and resources that it uses. Security assurance services help businesses to detect, analyze, and manage the security risks associated with mobile devices, business applications, and related technology environments.

Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Security Assurance Market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

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Further key findings from the report suggest

Growth of Security Assurance Market is done by the increasing knowledge about security assurance in the cloud. The security assurance market is expected to grow from USD 4.35 billion in 2018 to USD 6.23 billion by 2026 at CAGR of 8.9% during the forecast period
Based on application type, the market is segmented as a business application, system, and network infrastructure, mobility solutions. The high rise in the number of mobile devices across the world is considered to be the steering factors for the growth of this market. Due to the increasing demand and use of mobile devices and connectivity, networks are more susceptible to cyber-attacks. This has further accelerated the growth of the mobility solutions segment.
Based on Business, the market is segmented as large enterprises, small and medium-sized enterprises. Security assurance helps businesses to identify, analyze, and manage the security risks associated with business applications, mobile devices, and related technology environments.
Based on End-user, the market is segmented into BFSI, Telecommunications, Government, Healthcare & Retail, Others. The sector of BFSI is actively upgrading its processes and transaction technologies, which results in the need for active end-to-end security solutions to secure operations against both, internal and external threats, in association with unauthorized accesses.
Based on region, the market is being segmented to Europe, APAC, North America, and Row. APAC is estimated to bring the highest CAGR of 10.3% during the forecast period. The IT security threats demand, and emergence in the adoption of security assurance services within SMEs are the reasons for driving the security assurance market growth in this region.
The major Key players in the security assurance market are Avaya (US), Micro Focus (UK),  IBM (US), NETSCOUT (US),  Infosys (India), Accenture (Ireland), Microsoft (US), SAS (US), Sogeti (France), Aura (New Zealand) among others.

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For this report, the market has been segmented on the basis of organization size, Application, industry, and region:

Business (Revenue, USD Million; 2016–2026)
Large enterprises
Small and medium-sized enterprise
Application type (Revenue, USD Million; 2016–2026)
Business application
System and network infrastructure
Mobility solutions
End-user (Revenue, USD Million; 2016–2026)
BFSI
Healthcare
Government
Retail and manufacturing
Telecommunications
Others

Regional Outlook (Revenue in USD Billion; 2017–2027)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2016 - 2026

Chapter 3. Security Assurance Market Segmentation & Impact Analysis

    3.1. Security Assurance Market Segmentation Analysis

    3.2. Security Assurance Market Value Chain Analysis, 2016-2026

………….

Chapter 8. Competitive Landscape

    8.1. Market Revenue Share by Manufacturers

    8.2. Manufacturing Cost Breakdown Analysis

    8.3. Mergers & Acquisitions

    8.4. Market positioning

    8.5. Strategy Benchmarking

    8.6. Vendor Landscape

Chapter 9. Company Profiles

    9.1. Infosys

           9.1.1. Company Overview

           9.1.2. Financial Performance

                     9.1.2.1. Revenue

                     9.1.2.2. Price

                     9.1.2.3. Gross Margin

           9.1.3. Type Benchmarking

           9.1.4. Strategic Initiatives

    9.2. IBM

           9.2.1. Company Overview

           9.2.2. Financial Performance

                     9.2.2.1. Revenue

                     9.2.2.2. Price

                     9.2.2.3. Gross Margin

           9.2.3. Type Benchmarking

           9.2.4. Strategic Initiatives

    9.3. Accenture

           9.3.1. Company Overview

           9.3.2. Financial Performance

                     9.3.2.1. Revenue

                     9.3.2.2. Price

                     9.3.2.3. Gross Margin

           9.3.3. Type Benchmarking

           9.3.4. Strategic Initiatives

Continued……….

The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Security Assurance market and its competitive landscape.

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