Business Assurance Market,By Offering Type, By Component, By Deployment Type, By Vertical,By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

PUBLISHED: June 12, 2023

PAGES: 203 Pages

DELIVERY TIME: 2-3 business days

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Description

Business Assurance services are those services that cater to the regulatory, compliance and governance requirements of different functions within the organization. The services related to risk management, security and environmental safety, data management, adherence to several statutory norms, etc. come under the scope of business assurance services. The expansion of the industrial sector, the boom in the IT industry, growing demand for data privacy and stringent regulatory norms are the forces that are driving the market towards growth. The expansion in the scope of business assurance market is fueled by ever changing regulations, business environment and gradual shift towards the emphasis on promoting data privacy. The evolution of branches of technology such as AI and Big Data are providing the necessary boost towards further refinements in the existing business assurance services in-turn improving their efficiency and reliability.

Market Dynamics

Advanced database management tools, software solutions for streamlining business processes, designing tools to improve manufacturing and other industrial processes are all the sub-sets of the global business assurance market. These services are implemented in various functions of businesses to improve the speed, accuracy and reliability of the processes. The major segment in the global business assurance market cater to the field of risk assessment. The risk assessment segment is vital in majority of the industries like manufacturing, services and industrial processes. The services related to identification, evaluation and mitigation of risks involved in manufacturing processes including the use of hazardous elements, as well as the services related to assessment of financial and operational risks of proposed changes or proposed investments come under the sub-sect of risk assessment. With growing inclination of the organizations towards the adoption of systems to eliminate possible future risks and making proactive strategic decisions is expected to be the trend that boosts the global business assurance market.

Key features of the study:

This report provides an in-depth analysis of the global business assurance market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the Global Business Assurance Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study are Atkins Global, Baker Engineering and Risk Consultants, Inc., Ciena Corporation, AssuringBusiness, Cognizant, Stress Engineering Services, Inc., INFOSYS, Cyber Risk Assurance, Equinox Information Systems, HCL Technologies, aeSolutions, Tata Consultancy Services Ltd., LexisNexis, NETSCOUT Systems Inc., Prolifics Inc., and Tenea Technologies and Others.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
Global business assurance market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Business Assurance Market

Detailed Segmentation

Global Business Assurance Market, By Offering Type:
- Engineering Modelling, Analysis, Design and Investigation
  - Natural Hazards Risk Management
  - Explosion and Thermal Hazards
  - Facility Siting
  - Security Vulnerability
  - Major Incident Investigation
  - Qualitative Risk Analysis
- Risk Management
  - Security Risk Management
  - Enterprise Risk Management
- Compliance Management
  - Process Safety Management
  - Regulatory Compliance
  - Process Hazard Analysis
- Safety & Environment
  - Health, Safety and Environmental (HSE) Compliance
  - Emergency Management
  - Human Factors Engineering
  - Hazard Identification
  - Safety Culture
- Cybersecurity
  - Operational Technology (OT)
  - Information Technology (IT)
- Training
Global Business Assurance Market, By Component:
- Software
- Services
  - Managed Services
  - Training Services
  - Consulting Services
  - Engineering Analysis Services
Global Business Assurance Market, By Deployment Type:
- On-Premises
- Cloud-based
Global Business Assurance Market, By Vertical:
- Upstream
  - Offshore E&P
  - Onshore E&P
- Midstream
  - Pipelines
  - LNG (Liquefied Natural Gas) Liquefaction
  - NGL (Natural Gas Liquids) Processing
- Downstream
  - Oil Refineries
  - Petrochemical Plants
  - Chemicals
- Transport & Logistics
  - Ports & Terminals
  - Marine Transport (Shipping)
  - Rail
  - Trucking
- Engineering, Procurement and Construction (EPC)
- Life Sciences
  - Biotechnology
  - Pharmaceuticals
- Power & Utilities
- Industrial Manufacturing
- Government
Global Business Assurance Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Company Profiles
- Atkins Global *
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Baker Engineering and Risk Consultants, Inc.
- Ciena Corporation
- AssuringBusiness
- Cognizant
- Stress Engineering Services, Inc.
- INFOSYS
- Cyber Risk Assurance
- Equinox Information Systems
- HCL Technologies
- aeSolutions
- LexisNexis
- NETSCOUT Systems Inc.
- Prolifics Inc.
- Tenea Technologies
- Others

"*" marked represents similar segmentation in other categories in the respective section.

Product Code: CMI2816

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Offering Type
- Market Snippet, By Component
- Market Snippet, By Deployment Type
- Market Snippet, By Vertical
Market Snippet, By Region
- Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Growing Adoption of Business Assurance to Increase Confidence and Improve Efficiency of Business Processes
Expansion of the Industrial Sector Restraints
Market Opportunities
- Significant growth of the IT services sector
- Growing regulations from the governments across the world regarding effective governance of the organizations
Market restraints
- High Cost Associated With Installation and Maintenance of Business Assurance Systems
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Business Assurance Market, By Offering Type, 2017-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Engineering Modeling, Analysis, Design and Investigation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Natural Hazards Risk Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Explosion and Thermal Hazards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Facility Siting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Security Vulnerability
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Major Incident Investigation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Qualitative Risk Analysis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Risk Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Security Risk Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Enterprise Risk Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Compliance Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Process Safety Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Regulatory Compliance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Process Hazard Analysis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Safety & Environment Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth 2017-2030,(US$ Bn)
Health, Safety and Environmental (HSE) Compliance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Emergency Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Human Factors Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Hazard Identification
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Safety Culture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Cybersecurity
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Operational Technology (OT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Information Technology (IT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Training
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

5. Global Business Assurance Market, By Component, 2017-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Managed Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Training Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Consulting Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Engineering Analysis Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Classroom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

6. Global Business Assurance Market, By Deployment, 2017-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
On-Premises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Cloud-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

7. Global Business Assurance Market, By Vertical, 2017-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Upstream
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Offshore E&P
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Onshore E&P
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Midstream
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Pipelines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
LNG (Liquefied Natural Gas) Liquefaction
NGL (Natural Gas Liquids) Processing
Downstream
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Oil Refineries
Petrochemical Plants
Chemicals
Transport & Logistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Ports & Terminals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Marine Transport (Shipping)
Rail
Trucking
Engineering, Procurement and Construction (EPC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Life Sciences
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Biotechnology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Power & Utilities
Industrial Manufacturing
Government

8. Global Business Assurance Market, By Region, 2017-2030, (US$ Billion)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2017-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Offering Type, 2017-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2017-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2017-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030, (US$ Billion)
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
GCC Countries
Rest of the Middle East & Africa

9. Competitive Landscape

Company Profiles
- Atkins Global
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Baker Engineering and Risk Consultants, Inc.
- Ciena Corporation
- AssuringBusiness
- Cognizant
- Stress Engineering Services, Inc.
- INFOSYS
- Cyber Risk Assurance
- Equinox Information Systems
- HCL Technologies
- aeSolutions
- Tata Consultancy Services Ltd.
Analyst Views