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The global security assurance market size was valued at USD 6.6 billion in 2022 and is expected to reach USD 16.51 billion by 2032, registering a revenue CAGR of 10%. The growth in market revenue is driven by the increasing demand for security assurance products and services across various sectors such as healthcare, banking, financial services and insurance (BFSI), retail, and IT & telecom. Additionally, the adoption of Internet of Things (IoT) devices and cloud-based services has amplified the need for security assurance solutions. Furthermore, the integration of Artificial Intelligence (AI) and Machine Learning (ML) technology in security assurance solutions has bolstered market revenue growth.
