The security assurance market is anticipated to grow by US$6.71 billion by 2024 rapidly growing at a CAGR of 10.4% during the forecast period. The global security assurance market is driven by the emergence of increasingly complex and stringent government regulations. These factors have helped shape the security assurance market and are expected to boost the growth. Companies in the security assurance market could also face challenges such as concerns regarding hybrid cloud security and lack of skilled professional teams. The details covered in the security assurance market report cover all the aspects of the industry. Analysts studying the security assurance market have also shared growth projections in the report and have suggested security assurance market players to plan business strategies accordingly.

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Market Segmentation

The global security assurance market has been segmented based on application, organization size, and vertical. Because of application, the market for security assurance is segmented based on business applications, mobility solutions, and system and network infrastructure. Additionally, the market based on organization size, is segmented into medium-sized enterprise (SME) and large enterprise. The global market for security assurance is also covered based on vertical segment which is further split into financial services and insurance (BFSI), government, healthcare and pharmaceuticals, manufacturing, retail and e-commerce, telecommunications and IT, banking, and others.

Factors like growing adoption of cloud-based security assurance solutions among enterprises, support the security assurance market growth. The performance of the security assurance market has also been studied for the past and current years. Additionally, the security assurance market report provides analysis of these segments. The security assurance market segmental analysis provided in the report offers major details about the security assurance market based on the data and forecasts till 2024.

Regional Overview

Companies in the security assurance market are spread across the world. The security assurance market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American security assurance market has many companies across the United States, Canada, and Mexico. The security assurance market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the security assurance market can be found in the market research report. Europe has companies in the security assurance market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the security assurance market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

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Competitive Landscape

The security assurance market is supported by growing deployment of third-party applications. The population growth around the world and increasing demand of security assurance market-based services and products also support the market growth. However, the security assurance market growth can be affected due to lack of awareness and infrastructure. The report covers all such details which will help companies in the security assurance market to strengthen their business plan and improve their product portfolio. The security assurance market research report also provides company profiles of major companies. The company profiles of many organizations operating in the security assurance market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the security assurance market. New companies and established businesses can plan their strategies based on this data provided in the security assurance market research report.

Industry News

Utimaco, a major global IT protection solutions company, reported that it has purchased MYHSM, the leading Payment HSM as a Service provider. This acquisition would rapidly advance the Cloud and as-a-Service offering of Utimaco, especially for, but not limited to, the retail, banking and financial services sectors, and eliminate the need for consumers to invest in infrastructure, stable facilities, management, and continuous enforcement, audit and help with PCI. The personnel and clients of MYHSM will be absorbed into the Information Security sector of Utimaco.

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