The North America Security Assurance Market should witness market growth of 8.0% CAGR during the forecast period (2022-2028).
Businesses must urgently improve the quality of their security due to the frequency and complexity of cyberattacks. Attacks on cyberspace have become a serious source of worry for everyone. The use of antiquated technologies has led to an increase in the frequency of these assaults. Thus, managed network security solutions safeguard businesses' confidential information. However, security precautions must be taken because malicious software and unauthorized external access could compromise such data.
As a result, there is an urgent need to improve security, fueling market growth for the projection period. Many companies have taken steps to safeguard their customer's personal information, enabling providers to provide various security-related services. Since enterprises face more risks and vulnerabilities, security assurance is expected to remain a top concern.
They are also subject to severe regulatory and compliance requirements. With the advent of remote working, endpoint security is now more important than ever because employees may access business resources outside the network. As a result, the demand for security assurance, including cyber security assurance, has risen dramatically. Computer technology is developing quickly, and the cyber threat scenario is always shifting. To ensure compliance with regulations and laws, firms must assess the effectiveness of their controls and exercise security assurance.
The Mexican eCommerce sector grew at a rate of 20% annually, reaching a value of USD 21 billion in 2017. The market is expected to continue expanding due to improvements in connectivity, financial inclusion, logistics, and higher levels of digital literacy. Almost 75% of Canadians, or around 27 million people, will utilize eCommerce in 2022. This percentage is anticipated to rise to 77.6% in 2025. Retail e-commerce sales in the country are rising due to increased online shoppers. The retail and e-commerce industries are expanding, and with that growth comes increased security risks. It is anticipated that this will provide market participants active in the regional security assurance market with lucrative growth prospects.
The US market dominated the North America Security Assurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,410.1 Million by 2028. The Canada market is poised to grow at a CAGR of 10.5% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 9.5% during (2022-2028).
Based on Type, the market is segmented into Business Applications, System & Network Infrastructure, and Mobility Solutions. Based on Organization Size, the market is segmented into Large Size Organizations, and Small & Medium Sized Organizations. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail, Government, Manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Microsoft Corporation, Infosys Limited, IBM Corporation, Capgemini SE, Avaya, Inc. (Avaya Holdings Corp.), Spirent Communications plc, Tenable Holdings, Inc., Happiest Minds Technologies Limited and SAS Institute, Inc.
Businesses must urgently improve the quality of their security due to the frequency and complexity of cyberattacks. Attacks on cyberspace have become a serious source of worry for everyone. The use of antiquated technologies has led to an increase in the frequency of these assaults. Thus, managed network security solutions safeguard businesses' confidential information. However, security precautions must be taken because malicious software and unauthorized external access could compromise such data.
As a result, there is an urgent need to improve security, fueling market growth for the projection period. Many companies have taken steps to safeguard their customer's personal information, enabling providers to provide various security-related services. Since enterprises face more risks and vulnerabilities, security assurance is expected to remain a top concern.
They are also subject to severe regulatory and compliance requirements. With the advent of remote working, endpoint security is now more important than ever because employees may access business resources outside the network. As a result, the demand for security assurance, including cyber security assurance, has risen dramatically. Computer technology is developing quickly, and the cyber threat scenario is always shifting. To ensure compliance with regulations and laws, firms must assess the effectiveness of their controls and exercise security assurance.
The Mexican eCommerce sector grew at a rate of 20% annually, reaching a value of USD 21 billion in 2017. The market is expected to continue expanding due to improvements in connectivity, financial inclusion, logistics, and higher levels of digital literacy. Almost 75% of Canadians, or around 27 million people, will utilize eCommerce in 2022. This percentage is anticipated to rise to 77.6% in 2025. Retail e-commerce sales in the country are rising due to increased online shoppers. The retail and e-commerce industries are expanding, and with that growth comes increased security risks. It is anticipated that this will provide market participants active in the regional security assurance market with lucrative growth prospects.
The US market dominated the North America Security Assurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,410.1 Million by 2028. The Canada market is poised to grow at a CAGR of 10.5% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 9.5% during (2022-2028).
Based on Type, the market is segmented into Business Applications, System & Network Infrastructure, and Mobility Solutions. Based on Organization Size, the market is segmented into Large Size Organizations, and Small & Medium Sized Organizations. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail, Government, Manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Microsoft Corporation, Infosys Limited, IBM Corporation, Capgemini SE, Avaya, Inc. (Avaya Holdings Corp.), Spirent Communications plc, Tenable Holdings, Inc., Happiest Minds Technologies Limited and SAS Institute, Inc.
Scope of the Study
By Type
- Business Applications
- System & Network Infrastructure
- Mobility Solutions
By Organization Size
- Large Size Organizations
- Small & Medium Sized Organizations
By Vertical
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Government
- Manufacturing
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- Microsoft Corporation
- Infosys Limited
- IBM Corporation
- Capgemini SE
- Avaya, Inc. (Avaya Holdings Corp.)
- Spirent Communications plc
- Tenable Holdings, Inc.
- Happiest Minds Technologies Limited
- SAS Institute, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Security Assurance Market by Type
Chapter 5. North America Security Assurance Market by Organization Size
Chapter 6. North America Security Assurance Market by Vertical
Chapter 7. North America Security Assurance Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Accenture PLC
- Microsoft Corporation
- Infosys Limited
- IBM Corporation
- Capgemini SE
- Avaya, Inc. (Avaya Holdings Corp.)
- Spirent Communications plc
- Tenable Holdings, Inc.
- Happiest Minds Technologies Limited
- SAS Institute, Inc.
Methodology
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About the Security Assurance Market
The Security Assurance market is a subset of the IT Security industry that focuses on providing assurance that an organization's security measures are effective and up-to-date. This includes services such as vulnerability assessments, penetration testing, security audits, and incident response. Security Assurance services are designed to help organizations identify and address potential security risks, as well as ensure compliance with industry regulations. Security Assurance providers offer a Read more
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