Business Assurance Market is Driven by Increase Confidence and Improve Efficiency of Business Processes

Global business assurance market was valued at US$ 108,500.2 Mn in 2017, and is expected to exhibit a CAGR of 8.4% over the forecast period to reach US$ 227,564.6 Mn in 2027. 

The Asia Pacific market is witnessing high growth due to increasing demand for business assurance services across the rapidly expanding industrial sector. The Latin America segment is expected to grow at a CAGR of 9.2% during the forecast period (2019-2027).

𝙁𝙤𝙧 𝙄𝙣 𝙙𝙚𝙥𝙩𝙝 𝙄𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙂𝙚𝙩 𝙎𝙖𝙢𝙥𝙡𝙚 𝘾𝙤𝙥𝙮 𝙤𝙛 𝙩𝙝𝙞𝙨 𝙍𝙚𝙥𝙤𝙧𝙩 @ https://www.coherentmarketinsights.com/insight/request-pdf/2816

On-Premises segment by deployment type held the dominant position in the Business Assurance Market in 2017

On the basis of deployment type, the global business assurance market is segmented into 'on-premises' and 'cloud-based'. The on-premises segment accounted for the largest market share of around 59.9% in 2018. On-premise business assurance software systems run on a local computer (or server) with a database which is generally located on the site, and can be accessed from computers in the office. 

The cybersecurity segment is expected to reach US$ 13,981.33 Mn by 2027, with a CAGR of 8.3% over the forecast period. The cybersecurity segment consists of operational technology (OT) and information technology (IT). Cyber security management systems provide protection from cyber-attacks.

Global Business Assurance Market: Key Players
Major players operating in the global business assurance industry include Atkins Global, Baker Engineering and Risk Consultants, Inc., Ciena Corporation, AssuringBusiness, Cognizant, Stress Engineering Services, Inc., INFOSYS, Cyber Risk Assurance, Equinox Information Systems, HCL Technologies, aeSolutions, Tata Consultancy Services Ltd., LexisNexis, NETSCOUT Systems Inc., Prolifics Inc., and Tenea Technologies.

𝙍𝙚𝙦𝙪𝙚𝙨𝙩 𝙁𝙤𝙧 𝘾𝙪𝙨𝙩𝙤𝙢𝙞𝙯𝙖𝙩𝙞𝙤𝙣 𝙤𝙛 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝 𝙍𝙚𝙥𝙤𝙧𝙩 @ https://www.coherentmarketinsights.com/insight/request-customization/2816

Global Business Assurance Market, By Type:
◦ Engineering Modelling, Analysis, Design and Investigation
▪ Natural Hazards Risk Management
▪ Explosion and Thermal Hazards
▪ Facility Siting
▪ Security Vulnerability
▪ Major Incident Investigation
▪ Qualitative Risk Analysis
◦ Risk Management
▪ Security Risk Management
▪ Enterprise Risk Management
◦ Compliance Management
▪ Process Safety Management
▪ Regulatory Compliance
▪ Process Hazard Analysis
◦ Safety & Environment
▪ Health, Safety and Environmental (HSE) Compliance
▪ Emergency Management
▪ Human Factors Engineering
▪ Hazard Identification
▪ Safety Culture
◦ Cybersecurity
▪ Operational Technology (OT)
▪ Information Technology (IT)
◦ Training
• Global Business Assurance Market, By Component:
◦ Software
◦ Services
▪ Managed Services
▪ Training Services
▪ Consulting Services
▪ Engineering Analysis Services
• Global Business Assurance Market, By Deployment Type:
◦ On-Premises
◦ Cloud-based
• Global Business Assurance Market, By Vertical:
◦ Upstream
▪ Offshore E&P
▪ Onshore E&P
◦ Midstream
▪ Pipelines
▪ LNG (Liquefied Natural Gas) Liquefaction
▪ NGL (Natural Gas Liquids) Processing
◦ Downstream
▪ Oil Refineries
▪ Petrochemical Plants
▪ Chemicals
◦ Transport & Logistics
▪ Ports & Terminals
▪ Marine Transport (Shipping)
▪ Rail
▪ Trucking
◦ Engineering, Procurement and Construction (EPC)
◦ Life Sciences
▪ Biotechnology
▪ Pharmaceuticals
◦ Power & Utilities
◦ Industrial Manufacturing
◦ Government

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This release was published on openPR.