Security Assurance Market Trends
                     Market Highlights 
According to the latest report by Market Research Future (MRFR), the market is expected to record 
a significant market valuation of USD 6.71 billion by 2024 at a steady CAGR of 10.4% over the 
review period. 
One of the significant factors contributing to market growth is the emergence of increasingly 
complex and strict government regulations to protect enterprise data from illegal access. in 
addition, the rising adoption of cloud-based security assurance solutions among enterprises is also 
anticipated to drive the market over the review period. The rising deployment of third-party 
applications, which protects the computing environment and data, integrated with the core 
software is another major factor which contributes to the market growth. on the other hand, the 
concerns relating to hybrid cloud security are projected to limit the market growth during the 
forecast period. Nevertheless, rising cloud-based applications across various industry verticals and 
the growing trend of IoT and connected mobile devices are anticipated to offer a vast scope of 
lucrative opportunities to the key market players of security assurance in the global market over 
the review period. 
Segmentation: 
The global security assurance market trends have been segmented on the basis of application, 
vertical, organization size, and region/country. 
On the basis of application, the global security assurance market has been segmented into business 
applications, mobility solutions, and system and network infrastructure. The business applications 
segment is likely to account for the largest market share, while the mobility solutions segment is 
anticipated to register the highest CAGR during the review period. 
Based on the organization size, the market for security assurance has been segmented into large 
enterprises and small and medium enterprises (SME). The large enterprise segment is probable to 
have a higher market share during the review period. Large organizations broadly deploy security 
assurance on the cloud as well as on-premise. 
On the basis of  vertical, the global market for security assurance has been segmented into 
telecommunications and IT, government, healthcare and pharmaceuticals, manufacturing, retail 
and e-commerce, banking, financial services and insurance (BFSI), and others. The BFSI vertical is 
projected to account for the largest segment and is estimated to grow with the highest CAGR.  
Regional Analysis: 
The geographic analysis of the global market for security assurance has been conducted by MRFR 
for Europe, Asia-Pacific, North America, and the rest of the world. 
The North American region accounts for the highest market share of the global security assurance 
market and is expected t retain its market valuation over the review period. This is owing to the 
increasing stringency of data protection regulations as well as the rapid adoption of cloud 
technology, in developed countries such as the US and Canada. rising measures to prevent rising 
security attacks and breaches, pose as an essential driver for the growth of the market in the US, 
which is the major contributor towards the market share in North America region. 
The market in Europe is expected to be the second-largest during the review period due to the need 
to mitigate IT security threats. The political unrest in certain arts of Europe along with the augment 
of terrorist attacks in this region has increased the demand for security assurance over the review 
period. 
 Asia-Pacific is anticipated to be the fastest-growing market in the global security assurance market 
during the forecast period. The increase in the adoption of security assurance services among SMEs 
is estimated to contribute towards the growth of the Asia-Pacific security assurance market over 
the assessment period.  
Competitive Dashboard: 
The key players in the global Security assurance market identified by MRFR are Avaya Inc.(US), 
Infosys Limited (India), IBM Corporation (US), Micro Focus (UK), SAS Institute Inc. (US), NETSCOUT 
(US), Capgemini (France), Radix Security Inc (Israel), Spirent Communications (UK), Tenable, Inc. 
(US), Happiest Minds (India), Telos Corporation (US), BizCarta Technologies India Pvt Ltd (India), 
CIPHER Security LLC. (US), and Aura Information Security (Australia).