$6.9 Bn Security Assurance Markets - Global Trajectory & Analytics to 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2021--
The “Security Assurance - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Security Assurance Market to Reach $6.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Security Assurance estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$6.9 Billion by 2027, growing at a CAGR of 7.9% over the period 2020-2027.
Large Enterprises, one of the segments analyzed in the report, is projected to record 7.3% CAGR and reach US$4.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMEs segment is readjusted to a revised 9.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 12.1% CAGR
The Security Assurance market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Select Competitors (Total 34 Featured)
- Aura Information Security
- Avaya Inc.
- BizCarta Technologies India Pvt Ltd
- Cipher Security LLC
- Happiest Minds
- IBM Corporation
- Infosys Limited
- Micro Focus
- Radix Security Inc.
- SAS Institute Inc.
- Spirent Communications
- Telos Corporation
- Tenable Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9e2mga
View source version on businesswire.com:https://www.businesswire.com/news/home/20210820005213/en/
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INDUSTRY KEYWORD: TECHNOLOGY SECURITY
SOURCE: Research and Markets
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PUB: 08/20/2021 08:57 AM/DISC: 08/20/2021 08:57 AM