Dublin, July 24, 2023 /PRNewswire/ — The “Security Assurance – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
According to a recent report, the global market for Security Assurance is projected to reach $13 billion by 2030, with a compound annual growth rate (CAGR) of 8.2% during the analysis period of 2022-2030. In 2022, the market was estimated to be valued at $6.9 billion.
The report analyzed various segments, and one of them was Large Enterprises, which is projected to record a CAGR of 6.5% and reach $7.8 billion by the end of the analysis period. Meanwhile, considering the ongoing post-pandemic recovery, the growth rate for the Small and Medium Enterprises (SMEs) segment has been readjusted to a revised CAGR of 11.3% for the next eight-year period.
The United States market for Security Assurance was estimated to be worth $1.9 billion in 2022. On the other hand, China, the world’s second-largest economy, is expected to reach a market size of $2.9 billion by 2030, with a CAGR of 12.2% during the analysis period from 2022 to 2030. Other notable geographic markets include Japan and Canada, forecasted to grow at rates of 4.1% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is expected to experience a CAGR of approximately 5.4%.
The Security Assurance market is highly competitive, with several key players in the industry. Among the featured competitors are Aura Information Security, Avaya Inc., BizCarta Technologies India Pvt Ltd, Capgemini, Cipher Security LLC, Happiest Minds, IBM Corporation, Infosys Limited, Micro Focus, Netscout, Radix Security Inc., SAS Institute Inc., Spirent Communications, Telos Corporation, and Tenable Inc.
The report covers various key topics, including the market overview, market trends and drivers, global market perspective, and competition analysis. It provides insights into market trajectories, the impact of Covid-19 and a potential global recession, and the market share of key competitors in the year 2022.
For more information about the report, please visit the ResearchAndMarkets.com website at https://www.researchandmarkets.com/report/security-assurance?utm_source=CI&utm_medium=PressRelease&utm_code=n5fbnr&utm_campaign=1871922+-+Global+Security+Assurance+Market+to+Reach+%2413+Billion+by+2030%3a+IBM+Corporation%2c+Capgemini%2c+Infosys+Limited%2c+Micro+Focus+Among+Key+Players&utm_exec=jamu273prd.
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