Business Assurance Market Report, By Type (engineering modeling, analysis, design and investigation, risk management, compliance management, safety and environment management, cybersecurity, and training), By Component (Software and Services), By Deployme

Business Assurance Market Report, By Type (engineering modeling, analysis, design and investigation, risk management, compliance management, safety and environment management, cybersecurity, and training), By Component (Software and Services), By Deployment Type (On-Premises and Cloud-based), By Vertical (upstream, midstream, downstream, transport and logistics, engineering, procurement and construction (EPC), life sciences, power & utilities, industrial manufacturing, and government), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Trends, and Forecast, 2022 - 2028

Business assurance allows organizations to address various challenges including risk management, compliance maintenance, and effective governance of the organization among others. Business assurance incorporates a suite of dedicated software applications that interact to provide automatic monitoring of controls across the enterprise, and consistent monitoring of crucial indicators that offer the management personnel an overview of all key functions. Various applications of business assurance services include risk management, audit management, compliance management, e-Learning, contract management, business continuity management, and corporate legal management among others.
Market Drivers: Growing Adoption of Business Assurance to Increase Confidence and Improve Efficiency of Business Processes
Growing adoption of business assurance to increase confidence and improve efficiency within business processes is driving growth of the global business assurance market. Business risk assurance services help companies to perform business with confidence by identifying, measuring, and managing risk effectively. Business assurance software and business assurance services support companies in governance, compliance, and risk management. Business assurance or risk management is an integral part of major companies such as Schlumberger Limited and Siemens AG, which helps them to manage their business, protect value, and improve performance. These services help to build a complete understanding of risk that can enhance the company’s ability to achieve its business goals, help to make business processes more reliable by taking a practical approach to risk, and enhance the company’s reputation through more reliable and transparent corporation communication. Therefore, business assurance services and software boost the performance, processes, and communication within companies.
Key features of the study:
This report provides an in-depth analysis of the business assurance market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
It profiles leading players in the global business assurance market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
Companies covered as part of this study 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.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global business assurance industry report caters to various stakeholders in the industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global business assurance market
Detailed Segmentation:
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
Global Business Assurance Market, By Region:
North America
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
By Component:
Software
Services
Managed Services
Training Services
Consulting Services
Engineering Analysis Services
By Deployment Type:
On-Premises
Cloud-based
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
By Country:
U.S.
Canada
Europe
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
By Component:
Software
Services
Managed Services
Training Services
Consulting Services
Engineering Analysis Services
By Deployment Type:
On-Premises
Cloud-based
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
By Country:
Germany
Italy
France
Spain
U.K.
Rest of Europe
Asia Pacific
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
By Component:
Software
Services
Managed Services
Training Services
Consulting Services
Engineering Analysis Services
By Deployment Type:
On-Premises
Cloud-based
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
By Country:
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
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
By Component:
Software
Services
Managed Services
Training Services
Consulting Services
Engineering Analysis Services
By Deployment Type:
On-Premises
Cloud-based
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
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
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
By Component:
Software
Services
Managed Services
Training Services
Consulting Services
Engineering Analysis Services
By Deployment Type:
On-Premises
Cloud-based
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
By Country:
GCC Country
South Africa
Rest of the Middle East & Africa
Company Profiles-Consultancy Companies
Atkins Global
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
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.
Tenea Technologies


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Component
Market Snippet, By Deployment Type
Market Snippet, By Vertical
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Impact Analysis
Mergers & Acquisitions
Industry Trends
Porter’s Five Forces Analysis
4. Global Business Assurance Market, By Type, 2017 - 2028 (US$ Mn)
Introduction
Segment Trends
Engineering Modeling, Analysis, Design and Investigation
Introduction
Market Size and Forecast, 2017 - 2028 (US$ Mn)
Natural Hazards Risk Management
Explosion and Thermal Hazards
Facility Siting
Security Vulnerability
Major Incident Investigation
Qualitative Risk Analysis
Risk Management
Introduction
Market Size and Forecast, 2017 - 2028 (US$ Mn)
Security Risk Management
Enterprise Risk Management
Compliance Management
Introduction
Market Size and Forecast, 2017 - 2028 (US$ Mn)
Process Safety Management
Regulatory Compliance
Process Hazard Analysis
Safety & Environment Management
Introduction
Market Size and Forecast, 2017 - 2028 (US$ Mn)
Health, Safety and Environmental (HSE) Compliance
Emergency Management
Human Factors Engineering
Hazard Identification
Safety Culture
Cybersecurity
Introduction
Market Size and Forecast, 2017 - 2028 (US$ Mn)
Operational Technology (OT)
Information Technology (IT)
Training
Introduction
Market Size and Forecast, 2017 - 2028 (US$ Mn)
5. Global Business Assurance Market, By Component, 2017 - 2028 (US$ Mn)
Introduction
Segment Trends
Software
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Services
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Managed Services
Training Services
Consulting Services
Engineering Analysis Services
Classroom
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
6. Global Business Assurance Market, By Deployment Type, 2017 - 2028 (US$ Mn)
Introduction
Segment Trends
On-Premises
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Cloud-based
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
7. Global Business Assurance Market, By Vertical, 2017 - 2028 (US$ Mn)
Introduction
Segment Trends
Upstream
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Offshore E&P
Onshore E&P
Midstream
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Pipelines
LNG (Liquefied Natural Gas) Liquefaction
NGL (Natural Gas Liquids) Processing
Downstream
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Oil Refineries
Petrochemical Plants
Chemicals
Transport & Logistics
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Ports & Terminals
Marine Transport (Shipping)
Rail
Trucking
Engineering, Procurement and Construction (EPC)
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Life Sciences
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Biotechnology
Pharmaceuticals
Power & Utilities
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Industrial Manufacturing
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
Government
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Mn)
8. Global Business Assurance Market, By Region, 2017 - 2028 (US$ Mn)
Introduction
Market Share Analysis, By Region, 2022 and 2028 (%)
North America
Introduction
Regional Trends
Market Size and Forecast, By Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Component, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Deployment Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Mn)
Market Share Analysis, By Country, 2022 and 2028 (%)
U.S.
Canada
Europe
Introduction
Regional Trends
Market Size and Forecast, By Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Component, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Deployment Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Mn)
Market Share Analysis, By Country, 2022 and 2028 (%)
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Regional Trends
Market Size and Forecast, By Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Component, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Deployment Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Mn)
Market Share Analysis, By Country, 2022 and 2028 (%)
China
Japan
South Korea
India
Australia
Rest of Asia Pacific
Latin America
Introduction
Regional Trends
Market Size and Forecast, By Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Component, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Deployment Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Mn)
Market Share Analysis, By Country, 2022 and 2028 (%)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
Introduction
Regional Trends
Market Size and Forecast, By Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Component, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Deployment Type, 2017 - 2028 (US$ Mn)
Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Mn)
Market Share Analysis, By Country, 2022 and 2028 (%)
GCC Countries
South Africa
Rest of the Middle East & Africa
9. Competitive Landscape
Company Profiles
Atkins Global
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
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.
Tenea Technologies
10. Section
References
Research Methodology
About us and Sales Contact
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