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.
Scope of the Study
Market Segments Covered in the Report:
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Security Assurance Market, by Type
1.4.2 North America Security Assurance Market, by Organization Size
1.4.3 North America Security Assurance Market, by Vertical
1.4.4 North America Security Assurance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2019, Sep – 2022, Oct) Leading Players
Chapter 4. North America Security Assurance Market by Type
4.1 North America Business Applications Market by Country
4.2 North America System & Network Infrastructure Market by Country
4.3 North America Mobility Solutions Market by Country
Chapter 5. North America Security Assurance Market by Organization Size
5.1 North America Large Size Organizations Market by Country
5.2 North America Small & Medium Sized Organizations Market by Country
Chapter 6. North America Security Assurance Market by Vertical
6.1 North America BFSI Market by Country
6.2 North America IT & Telecom Market by Country
6.3 North America Healthcare Market by Country
6.4 North America Retail Market by Country
6.5 North America Government Market by Country
6.6 North America Manufacturing Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Security Assurance Market by Country
7.1 US Security Assurance Market
7.1.1 US Security Assurance Market by Type
7.1.2 US Security Assurance Market by Organization Size
7.1.3 US Security Assurance Market by Vertical
7.2 Canada Security Assurance Market
7.2.1 Canada Security Assurance Market by Type
7.2.2 Canada Security Assurance Market by Organization Size
7.2.3 Canada Security Assurance Market by Vertical
7.3 Mexico Security Assurance Market
7.3.1 Mexico Security Assurance Market by Type
7.3.2 Mexico Security Assurance Market by Organization Size
7.3.3 Mexico Security Assurance Market by Vertical
7.4 Rest of North America Security Assurance Market
7.4.1 Rest of North America Security Assurance Market by Type
7.4.2 Rest of North America Security Assurance Market by Organization Size
7.4.3 Rest of North America Security Assurance Market by Vertical
Chapter 8. Company Profiles
8.1 Accenture PLC
8.1.1 Company Overview
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expenses
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 Microsoft Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Partnerships, Collaborations & Agreements
8.2.6 SWOT Analysis
8.3 Infosys Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 IBM Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Capgemini SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Acquisition and Mergers:
8.5.4.2 Geographical Expansions:
8.6 Avaya Inc. (Avaya Holdings Corp.)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.7 Spirent Communications plc
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.8 Tenable Holdings, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.9 Happiest Minds Technologies Limited
8.9.1 Company Overview
8.10. SAS Institute, Inc.
8.10.1 Company Overview
TABLE 1 North America Security Assurance Market, 2018 - 2021, USD Million
TABLE 2 North America Security Assurance Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Security Assurance Market
TABLE 4 Product Launches And Product Expansions– Security Assurance Market
TABLE 5 Acquisition and Mergers– Security Assurance Market
TABLE 6 geographical Expansions– Security Assurance Market
TABLE 7 North America Security Assurance Market by Type, 2018 - 2021, USD Million
TABLE 8 North America Security Assurance Market by Type, 2022 - 2028, USD Million
TABLE 9 North America Business Applications Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Business Applications Market by Country, 2022 - 2028, USD Million
TABLE 11 North America System & Network Infrastructure Market by Country, 2018 - 2021, USD Million
TABLE 12 North America System & Network Infrastructure Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Mobility Solutions Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Mobility Solutions Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Security Assurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 16 North America Security Assurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 17 North America Large Size Organizations Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Large Size Organizations Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Small & Medium Sized Organizations Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Small & Medium Sized Organizations Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Security Assurance Market by Vertical, 2018 - 2021, USD Million
TABLE 22 North America Security Assurance Market by Vertical, 2022 - 2028, USD Million
TABLE 23 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 24 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 25 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 26 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Security Assurance Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Security Assurance Market by Country, 2022 - 2028, USD Million
TABLE 39 US Security Assurance Market, 2018 - 2021, USD Million
TABLE 40 US Security Assurance Market, 2022 - 2028, USD Million
TABLE 41 US Security Assurance Market by Type, 2018 - 2021, USD Million
TABLE 42 US Security Assurance Market by Type, 2022 - 2028, USD Million
TABLE 43 US Security Assurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 44 US Security Assurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 45 US Security Assurance Market by Vertical, 2018 - 2021, USD Million
TABLE 46 US Security Assurance Market by Vertical, 2022 - 2028, USD Million
TABLE 47 Canada Security Assurance Market, 2018 - 2021, USD Million
TABLE 48 Canada Security Assurance Market, 2022 - 2028, USD Million
TABLE 49 Canada Security Assurance Market by Type, 2018 - 2021, USD Million
TABLE 50 Canada Security Assurance Market by Type, 2022 - 2028, USD Million
TABLE 51 Canada Security Assurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 52 Canada Security Assurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 53 Canada Security Assurance Market by Vertical, 2018 - 2021, USD Million
TABLE 54 Canada Security Assurance Market by Vertical, 2022 - 2028, USD Million
TABLE 55 Mexico Security Assurance Market, 2018 - 2021, USD Million
TABLE 56 Mexico Security Assurance Market, 2022 - 2028, USD Million
TABLE 57 Mexico Security Assurance Market by Type, 2018 - 2021, USD Million
TABLE 58 Mexico Security Assurance Market by Type, 2022 - 2028, USD Million
TABLE 59 Mexico Security Assurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 60 Mexico Security Assurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 61 Mexico Security Assurance Market by Vertical, 2018 - 2021, USD Million
TABLE 62 Mexico Security Assurance Market by Vertical, 2022 - 2028, USD Million
TABLE 63 Rest of North America Security Assurance Market, 2018 - 2021, USD Million
TABLE 64 Rest of North America Security Assurance Market, 2022 - 2028, USD Million
TABLE 65 Rest of North America Security Assurance Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of North America Security Assurance Market by Type, 2022 - 2028, USD Million
TABLE 67 Rest of North America Security Assurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 68 Rest of North America Security Assurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 69 Rest of North America Security Assurance Market by Vertical, 2018 - 2021, USD Million
TABLE 70 Rest of North America Security Assurance Market by Vertical, 2022 - 2028, USD Million
TABLE 71 Key information – Accenture PLC
TABLE 72 key information – Microsoft Corporation
TABLE 73 Key Information – Infosys Limited
TABLE 74 Key information – IBM Corporation
TABLE 75 Key Information – Capgemini SE
TABLE 76 Key Information – Avaya, Inc.
TABLE 77 Key Information – Spirent Communications plc
TABLE 78 Key Information – Tenable Holdings, Inc.
TABLE 79 Key Information – Happiest Minds Technologies Limited
TABLE 80 Key information – SAS Institute, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2019, Sep – 2022, Oct) Leading Players
FIG 5 Recent strategies and developments: Accenture PLC
FIG 6 Swot analysis: Accenture plC
FIG 7 Recent strategies and developments: Microsoft Corporation
FIG 8 SWOT Analysis: Microsoft Corporation
FIG 9 SWOT Analysis: Infosys Limited
FIG 10 Swot analysis: IBM Corporation
FIG 11 Recent strategies and developments: Capgemini SE
