26.1% Growth Rate for Security Assessment Market by 2022 | Top Technologies, Overview, Key Insights and Company Profiles

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The Security Assessment Market size is expected to grow from US$ 1.26 Billion in 2017 to US$ 4.03 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. The market is driven by the increased usage of commercially available interconnected devices and the need to protect organizations digital assets and cyber infrastructure. Similarly, stringent regulations across the globe are fueling the growth of security assessment market.

“Endpoint security type security assessment services segment is expected to hold a larger market size in the security assessment market”
The endpoint security type security assessment services segment is estimated to contribute a larger market share in 2017. In organizations, endpoint security is provided for network devices, such as servers, desktops, laptops, smart phones, tablets, barcode readers, and Point of Sale (PoS) machines, which are connected to a client server. Security assessment services offer endpoint security by identifying the flaws in security posture across all the endpoints.

“North America is expected to hold the largest market share; and Asia Pacific (APAC)to grow at the highest CAGR”
North America is estimated to hold the largest market share and dominate the global security assessment market in2017. The increasing in the level of sophistication of cyber-attacks and increasing adoption of internet of Things (IoT) and Bring your own Device (BYOD), along with meeting strict compliance regulations are pushing organizations in North America to adopt security assessment services. APAC offers growth opportunities for vendors in security assessment market, as countries in this region are investing heavily in deploying new and advanced technologies to upgrade their traditional security systems.

The break-up of primary interviews is given below:
• By Company: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
• By Designation: C level – 60% , Director level – 25%, Others – 15%
• By Region: North America – 35%, Europe – 25%, APAC – 15%, MEA – 10%, Latin America- 15%

Study Objectives:
The main objective of the report is to define, describe, and forecast the security assessment market size by security type, assessment type, deployment mode, organization size, industry vertical, and region. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth. The report attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies.

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Top Key Players in the “Security Assessment Market” include are Kaspersky (Russia), IBM (US), Fire Eye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US), andPositive Technologies (UK).

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