Global Security Assurance Market to Reach $13 Billion by 2030
The global market for Security Assurance estimated at US$7.2 Billion in the year 2023, is expected to reach US$13 Billion by 2030, growing at a CAGR of 8.9% over the period 2023-2030. Security Assurance for Large Enterprises, one of the segments analyzed in the report, is expected to record 7.6% CAGR and reach US$7.8 Billion by the end of the analysis period. Growth in the Security Assurance for SMEs segment is estimated at 11.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 11.9% CAGR
The Security Assurance market in the U.S. is estimated at US$1.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 7.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR.
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