Global Security Assessment Market Analysis Report 2021: Market to Reach $9.3 Billion by 2027 - Endpoint Segment to Account for $2.8 Billion - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Security Assessment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Security Assessment Market to Reach $9.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Security Assessment estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$9.3 Billion by 2027, growing at a CAGR of 20.9% over the analysis period 2020-2027.

Endpoint, one of the segments analyzed in the report, is projected to record a 19.1% CAGR and reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Network segment is readjusted to a revised 22.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $665.2 Million, While China is Forecast to Grow at 26% CAGR

The Security Assessment market in the U.S. is estimated at US$665.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 25.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 19.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.9% CAGR.

Application Segment to Record 20.3% CAGR

In the global Application segment, USA, Canada, Japan, China and Europe will drive the 19.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$368 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a 21.6% CAGR through the analysis period.

Select Competitors (Total 34 Featured)

• Absolute Software
• Check Point
• Cynergistek
• Fireeye
• IBM
• Kaspersky
• Optiv Security
• Positive Technologies
• Qualys
• Rapid7
• Trustwave
• Veracode

For more information about this report visit https://www.researchandmarkets.com/r/azf0ch