Security Assessment Market Size, Trends & Analysis - Forecasts TO 2025 By Product (Security Management Products, Vulnerability Assessment Products [Device Vulnerability Assessment Products, Application Scanners]); By Organization Size (Small & Medium Enterprise, Large Enterprise); By Application (Manufacturing, Healthcare, BFSI, Government & Utilities, Telecommunication & IT, Retail, Others); By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-Use Landscape; Vendor Landscape and Competitor Analysis - Global Market Estimates
Security Assessment Market Insights
The global security assessment market is expected to grow at an exponential rate over the forecast period. The market demand is anticipated to be influenced by increased incidences of cybercrimes and breaches across the world. Security assessment solution optimises the issues related to management of multiple security solutions.
Security assessment plays a crucial role in meeting risk management goals as it provides network security architecture, vulnerability information, and a comprehensive view of enterprise risk management. It also enhances the automation, effectiveness, and proactive nature of security for an enterprise by providing cost efficient risk management plans.
Security Assessment Market: Product Insights
The global security assessment market is segmented into security management products and vulnerability assessment products. The vulnerability assessment segment is further segmented into device vulnerability assessment products and application scanners.
Security management products’ segment is anticipated to grow at a significant rate over the forecast period. It provides companies with the ability to create security policy that drives other security initiatives, thereby influencing the overall segment growth.
Vulnerability assessment refers to a process which defines, recognizes, and classifies the pitfalls or vulnerable security holes in a computer, network, or communications infrastructure. Moreover, vulnerability assessment can predict the efficacy of proposed solutions and gauge its actual effectiveness.
Security Assessment Market: Organization Size Insights
Based on the Organizational site, the security assessment market is divided into Large Enterprises and Small & Medium-Sized Enterprises. The Small & Medium-Sized Enterprises’ application segment is projected to witness a healthy CAGR over the forecast period attributing to increasing incidences of data breaches on these enterprises along with the need to deploy appropriate security assessment solutions. SMEs though small in size, but cater to a large number of clients globally.
Security Assessment Market: Application Insights
The global security assessment market is divided into manufacturing, healthcare, BFSI, government & utilities, telecommunication & it, and retail among others.
The BFSI application segment held the largest market share in 2016 attributing to rising fraud and money laundering cases in the industry. Technological advancements in banking sector such as e-banking, ATM, and mobile banking has increased the vulnerability of customers, thereby driving the demand in the forecast period. Retail and Healthcare Industries are further likely to grow at a substantial rate over the forecast period.
Security Assessment Market: Regional Insights
North America is projected to dominate the global security assessment market over the coming years followed by Europe. The regional growth is attributed to a large number of existing vendors operating in the particular region coupled with growing use of e-tailing and other online-based services.
However, Asia Pacific is expected to see fastest growth due to high adoption of these services, particularly in BFSI, Healthcare, and government sector, on a major scale over the forecast period.
Security Assessment Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global security assessment market. The major consumers of the product are ICBC, Tesco PLC, and El Camino Hospital among others.
Security Assessment Market Share & Competitor Analysis
Major Players operating in the global security assessment market include IBM, HP, Qualys, Rapid7, Tenable, Intel, Veracode, Trustwave, Positive Technologies, and Tripwire among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Security Assessment Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Security Assessment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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