Business Assurance services are those services that cater to the regulatory, compliance and governance requirements of different functions within the organization. The services related to risk management, security and environmental safety, data management, adherence to several statutory norms, etc. come under the scope of business assurance services. The expansion of the industrial sector, the boom in the IT industry, growing demand for data privacy and stringent regulatory norms are the forces that are driving the market towards growth. The expansion in the scope of business assurance market is fueled by ever changing regulations, business environment and gradual shift towards the emphasis on promoting data privacy. The evolution of branches of technology such as AI and Big Data are providing the necessary boost towards further refinements in the existing business assurance services in-turn improving their efficiency and reliability.
Market Dynamics
Advanced database management tools, software solutions for streamlining business processes, designing tools to improve manufacturing and other industrial processes are all the sub-sets of the global business assurance market. These services are implemented in various functions of businesses to improve the speed, accuracy and reliability of the processes. The major segment in the global business assurance market cater to the field of risk assessment. The risk assessment segment is vital in majority of the industries like manufacturing, services and industrial processes. The services related to identification, evaluation and mitigation of risks involved in manufacturing processes including the use of hazardous elements, as well as the services related to assessment of financial and operational risks of proposed changes or proposed investments come under the sub-sect of risk assessment. With growing inclination of the organizations towards the adoption of systems to eliminate possible future risks and making proactive strategic decisions is expected to be the trend that boosts the global business assurance market.
Key features of the study:
- This report provides an in-depth analysis of the global business assurance market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices 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 the leading market players
- It profiles leading players in the Global Business Assurance Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study are 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 and Others.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- Global business assurance market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- 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 Offering 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:
- Global Business Assurance Market, By Vertical:
- Upstream
- 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
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- 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
- LexisNexis
- NETSCOUT Systems Inc.
- Prolifics Inc.
- Tenea Technologies
- Others
