The North America Security Assurance Market would 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 would 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.
Free Valuable Insights: The Worldwide Security Assurance Market is Projected to reach USD 9.7 Billion by 2028, at a CAGR of 9.3%
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.
By Type
By Organization Size
By Vertical
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 