Cover Image
Market Research Report

Security Assurance Market by Application (Business Applications, System & Network Infrastructure, and Mobility Solutions), Organization Size, Industry Verticals (BFSI, Telecommunications, Government, Healthcare), and Region - Global Forecast to 2023

Published by MarketsandMarkets Product code 718230
Published Content info 112 Pages
Delivery time: 1-2 business days
Price
Back to Top
Security Assurance Market by Application (Business Applications, System & Network Infrastructure, and Mobility Solutions), Organization Size, Industry Verticals (BFSI, Telecommunications, Government, Healthcare), and Region - Global Forecast to 2023
Published: October 3, 2018 Content info: 112 Pages
Description

"The rising use of Internet of Things (IoT)-based devices, resulting in upshifting the amount of digital data, is expected to drive the growth of the security assurance market"

The global security assurance market size is expected to grow from USD 3.53 billion in 2018 to USD 5.48 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. Security assurance is a modern approach to assess and manage IT security risks and vulnerabilities proactively. Security assurance services empower enterprises to timely detect, assess, and manage the security risks associated with mobile devices, business applications, and related technology environments. However, difficulty in providing hybrid cloud security is one of the major restraining factors faced by the security assurance vendors currently.

Among applications, the mobility solutions segment is expected to account for the larger market share during the forecast period

The mobility solutions segment is expected to account for the larger market share by 2023. Rapid growth in the number of mobile devices across the globe is one of the driving factors for the growth of this market.

By vertical, the Banking, Financial Services, and Insurance (BFSI) vertical is expected to account for the largest market share during the forecast period

The BFSI vertical is expected to account for the largest market share during the forecast period. The BFSI vertical is continuously upgrading its processes and transaction technologies, and therefore requires agile end-to-end security solutions to secure operations against both, internal and external threats, followed by unauthorized accesses. This has resulted in BFSI accounting for a prominent share in the security assurance market.

By region, Asia Pacific is expected to grow at the highest CAGR during the forecast period

APAC is expected to grow at the highest CAGR during the forecast period. The need to mitigate IT security threats and rise in the adoption of security assurance services among SMEs are factors driving the security assurance market growth in this region. MEA and Latin America are expected to witness steady growth during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the security assurance market.

The breakup of the profiles of the primary participants is given below:

  • By Company: Tier 1 - 26%, Tier 2 - 36%, and Tier 3 - 38%
  • By Designation: C-Level - 44%, Director Level - 50%, and Others - 6%
  • By Region: North America - 35%, Europe - 29%, APAC - 30%, and RoW - 6%

The key security assurance vendors profiled in the report are as follows:

  • Sogeti (France)
  • Avaya (US)
  • Content (Australia)
  • Radix (US)
  • BizCarta (India)
  • Infosys (India)
  • OpenText (Canada)
  • Tenable (US)
  • Microsoft (US)
  • Aura (New Zealand)
  • SAS (US)
  • Happiest Minds (India)
  • CIPHER (US)
  • IBM (US)
  • Accenture plc (Ireland)
  • Micro Focus (UK)
  • NETSCOUT (US)
  • Oracle (US)
  • Wipro (India)
  • Telos (US)
  • Critical (Portugal)
  • Spirent (US)
  • Signature Consulting Group (US).

Research Coverage:

The security assurance market has been segmented based on application, organization size, industry vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; expansions; and competitive landscape associated with the global security assurance market.

Reasons to Buy the Report:

The report would help the market leaders/new entrants in the following ways:

  • It comprehensively segments the security assurance market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
  • It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.
  • It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.
Table of Contents
Product Code: TC 6648

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. OBJECTIVES OF THE STUDY
  • 1.2. MARKET DEFINITION
  • 1.3. MARKET SCOPE
  • 1.4. YEARS CONSIDERED FOR THE STUDY
  • 1.5. CURRENCY
  • 1.6. STAKEHOLDERS

2. RESEARCH METHODOLOGY

  • 2.1. RESEARCH DATA
    • 2.1.1. SECONDARY DATA
    • 2.1.2. PRIMARY DATA
      • 2.1.2.1. Breakdown of primaries
      • 2.1.2.2. Key industry insights
  • 2.2. MARKET SIZE ESTIMATION
    • 2.2.1. BOTTOM-UP APPROACH
    • 2.2.2. TOP-DOWN APPROACH
  • 2.3. RESEARCH ASSUMPTIONS
  • 2.4. LIMITATIONS

3. EXECUTIVE SUMMARY

4. PREMIUM INSIGHTS

  • 4.1. ATTRACTIVE MARKET OPPORTUNITIES IN THE SECURITY ASSURANCE MARKET
  • 4.2. SECURITY ASSURANCE MARKET: MARKET SHARE OF TOP 4 INDUSTRY VERTICALS AND REGIONS, 2018
  • 4.3. MARKET INVESTMENT SCENARIO

5. MARKET OVERVIEW

  • 5.1. MARKET DYNAMICS
    • 5.1.1. DRIVERS
      • 5.1.1.1. Stringent government regulations
      • 5.1.1.2. Growing deployment of third-party applications integrated with the core software
      • 5.1.1.3. Rapid adoption of cloud-based services
    • 5.1.2. RESTRAINTS
      • 5.1.2.1. Difficulty in providing hybrid cloud security
    • 5.1.3. OPPORTUNITIES
      • 5.1.3.1. Growing adoption of IoT and mobile devices
      • 5.1.3.1. Increase in the adoption of security assurance in cloud
    • 5.1.4. CHALLENGES
      • 5.1.4.1. Limited certified security experts

6. SECURITY ASSURANCE MARKET, BY APPLICATION

  • 6.1. INTRODUCTION
  • 6.2. BUSINESS APPLICATIONS
  • 6.3. SYSTEM AND NETWORK INFRASTRUCTURE
  • 6.4. MOBILITY SOLUTIONS

7. SECURITY ASSURANCE MARKET, BY ORGANIZATION SIZE

  • 7.1. INTRODUCTION
  • 7.2. LARGE ENTERPRISES
  • 7.3. SMALL AND MEDIUM-SIZED ENTERPRISES

8. SECURITY ASSURANCE MARKET, BY INDUSTRY VERTICAL

  • 8.1. INTRODUCTION
  • 8.2. BANKING, FINANCIAL SERVICES, AND INSURANCE
  • 8.3. TELECOMMUNICATIONS
  • 8.4. GOVERNMENT
  • 8.5. HEALTHCARE
  • 8.6. RETAIL
  • 8.7. MANUFACTURING
  • 8.8. OTHERS

9. SECURITY ASSURANCE MARKET, BY REGION

  • 9.1. INTRODUCTION
  • 9.2. NORTH AMERICA
    • 9.2.1. UNITED STATES
    • 9.2.2. CANADA
  • 9.3. EUROPE
    • 9.3.1. UNITED KINGDOM
    • 9.3.2. GERMANY
    • 9.3.3. FRANCE
    • 9.3.4. REST OF EUROPE
  • 9.4. ASIA PACIFIC
    • 9.4.1. CHINA
    • 9.4.2. JAPAN
    • 9.4.3. AUSTRALIA AND NEW ZEALAND
    • 9.4.4. REST OF ASIA PACIFIC
  • 9.5. MIDDLE EAST AND AFRICA
    • 9.5.1. MIDDLE EAST
    • 9.5.2. AFRICA
  • 9.6. LATIN AMERICA
    • 9.6.1. BRAZIL
    • 9.6.2. MEXICO
    • 9.6.3. REST OF LATIN AMERICA

10. COMPETITIVE LANDSCAPE

  • 10.1. OVERVIEW
    • 10.1.1. PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
    • 10.1.2. NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT ENHANCEMENTS
    • 10.1.3. MERGERS AND ACQUISITIONS

11. COMPANY PROFILES (Business Overview, Product/Solutions Offered, Recent Developments, MnM View)*

  • 11.1. INTRODUCTION
  • 11.2. ACCENTURE
  • 11.3. AVAYA
  • 11.4. IBM
  • 11.5. INFOSYS
  • 11.6. MICRO FOCUS
  • 11.7. MICROSOFT
  • 11.8. NETSCOUT
  • 11.9. SAS INSTITUTE
  • 11.10. SOGETI
  • 11.11. AURA INFORMATION SECURITY
  • 11.12. BIZCARTA
  • 11.13. CIPHER
  • 11.14. CRITICAL SOFTWARE
  • 11.15. CONTENT SECURITY
  • 11.16. HAPPIEST MINDS
  • 11.17. OPENTEXT
  • 11.18. ORACLE
  • 11.19. TELOS CORPORATION
  • 11.20. TENABLE
  • 11.21. RADIX SECURITY
  • 11.22. SIGNATURE CONSULTING GROUP
  • 11.23. SPIRENT COMMUNICATIONS
  • 11.24. WIPRO

*Business Overview, Product/Solutions Offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

12. APPENDIX

  • 12.1. DISCUSSION GUIDE
  • 12.2. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 12.3. AVAILABLE CUSTOMIZATIONS
  • 12.4. RELATED REPORTS
  • 12.5. AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1: SECURITY ASSURANCE MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 2: BUSINESS APPLICATIONS: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 3: SYSTEM AND NETWORK INFRASTRUCTURE: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 4: MOBILITY SOLUTIONS: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 5: SECURITY ASSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
  • TABLE 6: LARGE ENTERPRISES: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 7: SMALL AND MEDIUM-SIZED ENTERPRISES: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 8: SECURITY ASSURANCE MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
  • TABLE 9: BANKING, FINANCIAL SERVICES, AND INSURANCE: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 10: TELECOMMUNICATIONS: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 11: GOVERNMENT: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 12: HEALTHCARE: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 13: RETAIL: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 14: MANUFACTURING: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 15: OTHERS: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 16: SECURITY ASSURANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 17: NORTH AMERICA: SECURITY ASSURANCE MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 18: NORTH AMERICA: SECURITY ASSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
  • TABLE 19: NORTH AMERICA: SECURITY ASSURANCE MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
  • TABLE 20: NORTH AMERICA: SECURITY ASSURANCE MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 21: EUROPE: SECURITY ASSURANCE MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 22: EUROPE: SECURITY ASSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
  • TABLE 23: EUROPE: SECURITY ASSURANCE MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
  • TABLE 24: EUROPE: SECURITY ASSURANCE MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 25: ASIA PACIFIC: SECURITY ASSURANCE MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 26: ASIA PACIFIC: SECURITY ASSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
  • TABLE 27: ASIA PACIFIC: SECURITY ASSURANCE MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
  • TABLE 28: ASIA PACIFIC: SECURITY ASSURANCE MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 29: MIDDLE EAST AND AFRICA: SECURITY ASSURANCE MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 30: MIDDLE EAST AND AFRICA: SECURITY ASSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
  • TABLE 31: MIDDLE EAST AND AFRICA: SECURITY ASSURANCE MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
  • TABLE 32: MIDDLE EAST AND AFRICA: SECURITY ASSURANCE MARKET SIZE, BY SUB-REGION, 2016-2023 (USD MILLION)
  • TABLE 33: LATIN AMERICA: SECURITY ASSURANCE MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 34: LATIN AMERICA: SECURITY ASSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
  • TABLE 35: LATIN AMERICA: SECURITY ASSURANCE MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
  • TABLE 36: LATIN AMERICA: SECURITY ASSURANCE MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 37: PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2018
  • TABLE 38: NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT ENHANCEMENTS, 2018
  • TABLE 39: MERGERS AND ACQUISITIONS, 2018

LIST OF FIGURES

  • FIGURE 1: SECURITY ASSURANCE MARKET: MARKET SEGMENTATION
  • FIGURE 2: SECURITY ASSURANCE MARKET: RESEARCH DESIGN
  • FIGURE 3: BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
  • FIGURE 4: DATA TRIANGULATION
  • FIGURE 5: MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 6: MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7: SECURITY ASSURANCE MARKET: ASSUMPTIONS
  • FIGURE 8: SECURITY ASSURANCE MARKET SHARE: TOP 3 INDUSTRY VERTICALS, 2018
  • FIGURE 9: SECURITY ASSURANCE MARKET SHARE, BY APPLICATION, 2018
  • FIGURE 10: SECURITY ASSURANCE MARKET SHARE, BY ORGANIZATION SIZE, 2018
  • FIGURE 11: SECURITY ASSURANCE MARKET: REGIONAL SNAPSHOT
  • FIGURE 12: GROWING NEED TO SECURE BUSINESS-CRITICAL DATA AND PROCESSES IS EXPECTED TO FUEL THE GROWTH OF THE SECURITY ASSURANCE MARKET DURING THE FORECAST PERIOD
  • FIGURE 13: BFSI AND NORTH AMERICA ARE ESTIMATED TO HAVE THE LARGEST MARKET SHARES IN 2018
  • FIGURE 14: ASIA PACIFIC IS EXPECTED TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT 5 YEARS
  • FIGURE 15: SECURITY ASSURANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 16: MOBILITY SOLUTIONS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 17: SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
  • FIGURE 18: HEALTHCARE INDUSTRY VERTICAL IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 19: ASIA PACIFIC IS EXPECTED TO BE AN ATTRACTIVE DESTINATION FOR THE SECURITY ASSURANCE MARKET DURING THE FORECAST PERIOD
  • FIGURE 20: NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 21: ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 22: ACCENTURE: COMPANY SNAPSHOT
  • FIGURE 23: AVAYA: COMPANY SNAPSHOT
  • FIGURE 24: IBM: COMPANY SNAPSHOT
  • FIGURE 25: INFOSYS: COMPANY SNAPSHOT
  • FIGURE 26: MICRO FOCUS: COMPANY SNAPSHOT
  • FIGURE 27: MICROSOFT: COMPANY SNAPSHOT
  • FIGURE 28: NETSCOUT: COMPANY SNAPSHOT
  • FIGURE 29: SAS: COMPANY SNAPSHOT
  • FIGURE 30: SOGETI: COMPANY SNAPSHOT
  • FIGURE 31: OPENTEXT: COMPANY SNAPSHOT
  • FIGURE 32: ORACLE: COMPANY SNAPSHOT 96  
  • FIGURE 33: TELOS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 34: TENABLE: COMPANY SNAPSHOT
  • FIGURE 35: SPIRENT: COMPANY SNAPSHOT
  • FIGURE 36: WIPRO: COMPANY SNAPSHOT
Back to Top