Key players have adopted various strategies to grow in the global Security Assurance Market
Security assurance empowers enterprises to timely identify, evaluate, and manage security risks associated with the business applications, mobile devices, and related technology environments. MarketsandMarkets expects the security assurance market size to grow from USD 3.53 billion in 2018 to USD 5.48 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.
The key and emerging market players include Accenture (Ireland), Avaya (US), IBM (US), Infosys (India), Micro Focus (UK), Microsoft (US), NETSCOUT (US), SAS (US), Sogeti (France), Aura (New Zealand), BizCarta (India), Cipher (US), CRITICAL Software (Portugal), Content Security (Australia), Happiest Minds (India), OpenText (Canada), Oracle (US), Telos (US), Tenable (US), Radix Security (US), Signature Consulting Group (US), Spirent (US), and Wipro (India). These players have adopted various strategies to grow in the global security assurance market.
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Micro Focus offers security and compliance solutions for modern enterprises. It offers a software security assurance product under the category, application security solution, which helps resolve security vulnerabilities. The company invests in both, organic and inorganic growth strategies. For instance, in September 2018, Micro Focus launched new data protection solutions for virtualized and hybrid IT environments. These solutions are expected to help the company address new security, availability, cost, and data governance needs.
NETSCOUT Systems is another player in the security assurance market; it focuses on expanding its reach in adjacent complementary markets by expanding, enhancing, and integrating its product portfolio. For instance, in February 2018, NETSCOUT announced new security capabilities for its nGenius platform, nGenius 5000. This enhancement helps network experts with a common, unified packet acquisition plane that is both software-driven and cost-effective.
NETSCOUT Systems is another player in the security assurance market; it focuses on expanding its reach in adjacent complementary markets by expanding, enhancing, and integrating its product portfolio. For instance, in February 2018, NETSCOUT announced new security capabilities for its nGenius platform, nGenius 5000. This enhancement helps network experts with a common, unified packet acquisition plane that is both software-driven and cost-effective.
Related Reports:
Security Assurance Market by Application (Business Applications, System & Network Infrastructure, and Mobility Solutions), Organization Size, Industry Verticals (BFSI, Telecommunications, Government, Healthcare), and Region - Global Forecast to 2023
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