Security Assurance Market is expected to grow at a CAGR of 11.20% through 2030F
The
Global Security Assurance Market is expected to be led by the BFSI sector due
to its critical need for compliance, risk management, and protection of
sensitive financial data, during the forecast period 2026-2030F
According to TechSci Research report, “Security Assurance Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global Security Assurance Market was valued at USD 5.58 Billion in 2024 and is
expected to reach USD 10.55 Billion by 2030 with a CAGR of 11.20% through 2030.
Smaller enterprises, and even some large
organizations lacking internal expertise, are increasingly outsourcing their
security assurance needs to specialist service providers. Managed security
service providers and niche consultancies offer comprehensive assurance—from
penetration testing to control audits—at predictable costs. Outsourcing
provides access to expert teams, threat intelligence, and industry
benchmarking, making it cost-effective and scalable for organizations without
mature in-house security operations. In 2024, 38 percent of mid-sized
enterprises outsourced at least one security assurance function, up from 24
percent in 2022. This shift reflects growing reliance on external expertise for
compliance audits, penetration testing, and risk validation—especially among
firms lacking internal security teams but facing increasing regulatory and
operational cybersecurity demands.
This trend also aligns with the broader shift toward
security as a service models. Organizations are seeking flexible,
subscription-based assurance programs that scale with their digital footprints.
This outsourcing trend lowers barriers to entry and drives adoption across
mid-market and emerging firms.
Organizations are increasingly turning to managed
service providers for security assurance due to the growing complexity of
technology environments and a persistent shortage of cybersecurity expertise.
Managed Security Assurance Services offer scalable, on-demand access to
penetration testing, vulnerability management, cloud configuration reviews, and
compliance audits. This model is particularly attractive to small and mid-sized
enterprises that lack internal security assurance capabilities but face growing
regulatory and cyber risk obligations.
The trend is also accelerating in large enterprises,
where assurance providers offer advanced analytics, automation platforms, and
continuous monitoring services at lower cost and faster deployment times.
Outsourcing these capabilities allows internal teams to focus on core business
operations while still maintaining a strong risk posture. Managed assurance
also brings the advantage of threat intelligence sharing and benchmarking,
enabling companies to measure their performance against industry standards. As
the market matures, managed services will likely evolve into hybrid models that
integrate with in-house security operations, delivering both flexibility and
control.
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In
2024, the Telecom vertical emerged as the fastest-growing segment in the Global
Security Assurance Market, driven by the growing complexity of network
platforms, expanding mobile and 5G deployments, and the rising threat of
cyberattacks against telecom infrastructure. Telecom operators manage vast
volumes of subscriber data—including billing records, call metadata, and
location-based services—making them high-value targets for ransomware, data
exfiltration, and sabotage. As services become increasingly cloud-native and
virtualized (e.g. network functions virtualization), security assurance tools
are being deployed to continuously validate the configuration, access controls,
and resilience of critical systems supporting mobile networks and subscriber
platforms.
Telecom
companies operate in highly regulated environments. Governments impose data
protection laws and require proof of network integrity, privacy compliance, and
availability guarantees. As digital services such as mobile banking, Internet
of Things connectivity, and fixed broadband growth accelerate, there is a
strong demand for penetration testing, compliance audits, and control
validation frameworks tailored for telecom-specific use cases. Security
assurance helps telco operators demonstrate regulatory adherence to regulators
while proactively reducing risk of service disruptions and reputational damage.
Telecom
operators are also undergoing rapid digital transformation initiatives—adopting
cloud-native orchestration, edge computing, private and public 5G networks, and
software-defined networking. These new architectures introduce rapidly shifting
threat vectors, making traditional vulnerability scanning insufficient.
Security assurance tools embedded in DevSecOps pipelines and
infrastructure-as-code validation are being used to continuously assess
deployment configurations against best practice baselines. As telecom firms
strive to bring innovation to market without compromising security, assurance
solutions that validate at every deployment stage are increasingly essential.
This combination of regulatory demand, digital transformation, and technical
complexity makes telecom the dominant growth vertical in the security assurance
space in 2024.
In
2024, the Asia Pacific region emerged as the fastest-growing market in the
Global Security Assurance Market, driven by rapid digital transformation,
increased adoption of cloud-based services, and rising cyberattacks targeting
critical sectors. Countries such as China, India, Japan, and South Korea
significantly increased investments in cybersecurity frameworks and regulatory
compliance, fostering demand for robust security assurance solutions. The
expansion of e-commerce, digital banking, and smart city initiatives has
further elevated the need for continuous risk monitoring and system validation.
Additionally, government-led cybersecurity mandates and rising awareness among
enterprises about securing digital assets contributed to market momentum. With
ongoing digital expansion and regulatory modernization, Asia Pacific is
expected to sustain its high growth trajectory in the coming years.
Key
market players in the Security Assurance Market are: -
- IBM
Corporation
- Microsoft
Corporation
- Cisco
Systems, Inc.
- Broadcom
Inc.
- Fortinet,
Inc.
- Check
Point Software Technologies Ltd.
- Trend
Micro Incorporated
- Palo
Alto Networks, Inc.
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“The
Global Security Assurance Market is poised for sustained growth due to
increasing cyber threats, expanding digital infrastructures, and evolving
regulatory compliance requirements. As enterprises accelerate cloud adoption,
embrace remote work, and integrate artificial intelligence, the need for
continuous security validation and risk mitigation becomes critical. Advanced
technologies like zero-trust architecture, threat intelligence platforms, and
automated security testing will drive demand. Sectors such as finance,
healthcare, and government are investing heavily in proactive cybersecurity
strategies. Emerging regions are also contributing to growth through rising
digitalization and regulatory modernization. Overall, the market will expand as
security becomes a foundational business imperative.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Security Assurance
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Application (Mobility Solutions, Business Applications, System
Infrastructure, Network Infrastructure), By Organization Size (SMEs, Large
Enterprises), By Vertical (BFSI, Telecom & IT, Healthcare &
Pharmaceuticals, Government, Retail & E-Commerce, Manufacturing, Others),
By Region & Competition, 2020-2030F”, has evaluated the future growth
potential of Security Assurance Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Security Assurance Market.
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