What is Security Assurance Market Scope?
A security assurance can be defined as the confidence that a system meets its security requirements and is resilient against security vulnerabilities and failures. Security assurance is the guarantee provided with regard to access control, security privileges, and enforcement over time as users interact with an application. Security assurance empowers enterprises to timely identify, evaluate, and manage the security risks associated with business applications, mobile devices, and related technology environments. This has led to significant growth of the global security assurance market in the forecast period.
The Security Assurance market study is being classified, by Application (Business Applications, System and Network Infrastructure and Mobility Solutions) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Security Assurance market throughout the predicted period.
Microsoft (United States), Accenture (Ireland), IBM (United States), Infosys (India), Oracle (United States), Avaya (United States), Micro Focus (United Kingdom), NETSCOUT (United States), SAS (United States), Wipro (India) and Sogeti (France) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aura (New Zealand), BizCarta (India), Cipher (United States), CRITICAL Software (Portugal), Content Security (Australia), Happiest Minds (India), OpenText (Canada), Telos (United States), Tenable (United States), Radix Security (United States), Signature Consulting Group (United States) and Spirent (United States).
Analyst at AMA have segmented the market study of Global Security Assurance market by Type, Application and Region.
On the basis of geography, the market of Security Assurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 15th June 2020, IBM has acquired Spanugo, a provider of cloud cybersecurity posture management solutions. IBM has integrated Spanugo’s software into its public cloud — and promote the capabilities to financial services clientele. Financial terms were not disclosed.
In July 2020, Microsoft has announced that the personal and commercial data transmission from European Union to the US would remain unchanged and the services will continue under the framework of laws propounded by the European Union.
Influencing Market Trend
- Rapid Adoption of Cloud-Based Services
- Increasing Deployment of Third-Party Applications Integrated With the Core Software
- Stringent Government Rules and Regulations
- Rising Adoption of IoT and Mobile Devices
- Increase in the Adoption of Security Assurance in Cloud
- Difficulty in Providing Hybrid Cloud Security
- Lack of Skilled Working Professionals
Key Target AudienceSecurity Assurance Providers, Managed Security Service Providers (MSSPs), Cloud Application Security Vendors, Independent Software Vendors, Consulting Firms, System Integrators, Government Agencies, Value-Added Resellers (VARs) and IT Security Agencies
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