Market Overview
The global security advisory services market is expected to register a CAGR of 17.6% from 2018 to 2023. It should be worth USD 11.79 billion by 2023.
The security advisory service enables all enterprises to build a proper security strategy with respect to business needs and models. It also offers a lot of support in implementing a robust security infrastructure for enterprises to protect all digital assets from severe cyber-attacks. There are several services offered with the adaptation of security advisory services. Some of those services include threat & vulnerability management, security risk management, and others. The service is leveraged to its maximum potential through industries of all kinds. But the world is still unknown to all the deep secrets of cyber-security and cyber threats. Therefore, this is one restraint that might object to the growth of the global security advisory services market.
The key players are putting up their efforts to test these services in the complex sectors to eradicate the restraints. The adoption of these advisory services is high across the globe. The BFSI industry is the most crucial end-user for this sector! Industrial end-users are at the highest risk of getting attacked by cyber threats. Cyber criminals often target industries that earn great money in a short span of time. The manufacturing vertical is also experiencing a high frequency of cyber-attacks. Therefore, such end-users are showing faster adoption of security advisory services to secure their business and growth for the thriving years.
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The report briefly elaborates on market segments, regional analysis, and industry news of the global security advisory services market. The market size of the global security advisory services market was stupendously high in the previous forecast period. But, with the substantial growth ratio in the present forecast years, it is expected that the market would generate an even higher revenue than the predicted figures.
Market Segmentation
The service segmentation of the global security advisory services market is segmented into different aspects that are covered within the operations of this industry. The services are risk & compliance management, incident management, program development, vulnerability management, CISO advisory & support and penetration testing.
The organization size segmentation of the global security advisory services market is ready to offer its efficacies to small, medium and large enterprises.
The industry vertical or end-user segmentation of the global security advisory services market states the acceptance of these benefits by different industries. The industries that accept these services include Banking, Financial Services & Insurance (BFSI), healthcare, energy & utilities, IT & Telecom, government & public sector, manufacturing and others.
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Key Players
- Deloitte Touche Tohmatsu Limited (US)
- Ernst & Young Global Limited (UK)
- KPMG International Cooperative (Netherlands)
- PricewaterhouseCoopers Private Limited (UK)
- Coalfire Systems Inc. (US)
- CybeRisk (US)
- Cisco Systems Inc. (US)
- Tata Consultancy Services Limited (India)
- eSentire Inc. (Canada)
- Security Compass (Canada)
- Novacoast Inc. (US)
- Kudelski Security (Switzerland)
- DXC Technology Company (US)
- Rapid7 LLC (US)
- Intertek Group PLC (UK)
Regional Analysis
Based on the regional classification, this market is exposed positively across various regions of the world. The top regions contributing to the collective growth of this market are Europe, North America and Asia-Pacific. North America is predicted to generate the highest share in the market for the present forecast years. And Mexico, Canada and the US are the leading countries within this region.
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Industry News
Deloitte is one of the biggest names in the world for its business hold and is a key player in this market. For the 10th consecutive year, Deloitte retains its first position by Gartner for security consulting. Hence, they are in the top line for offering impactful security advisory services.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued...
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