Security Advisory Services Market Research Report – Global Forecast till 2027

Security Advisory Services Market Research Report: By Service (Risk & Compliance Management, Security Program Development, Incident Management), Organization Size, and Industry Vertical (BFSI, Government, Healthcare) - Global Forecast till 2027

ID: MRFR/ICT/6132-HCR | February 2021 | Region: Global | 100 Pages         

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

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Suppliers

4.1.3 Bargaining Power of Buyers

4.1.4 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of the Global Security Advisory Services Market

5 Industry Overview of the Global Security Advisory Services Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 Global Security Advisory Services Market, by Service

7.1 Introduction

7.2 Risk & Compliance Management

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Security Program Development

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Incident Management

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Penetration Testing

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Vulnerability Management

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027

7.7 Chief Information Security Officer (CISO) Advisory and Support

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast, by Region, 2020-2027

8 Global Security Advisory Services Market, by Organization Size

8.1 Introduction

8.2 Small & Medium-Sized Enterprises

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Region, 2020-2027

8.3 Large Enterprises

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Region, 2020-2027

9 Global Security Advisory Services Market, by Industry Vertical

9.1 Introduction

9.2 BFSI

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast, by Region, 2020-2027

9.3 Government and Public Sector

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast, by Region, 2020-2027

9.4 Healthcare

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast, by Region, 2020-2027

9.5 IT and Telecom

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast, by Region, 2020-2027

9.6 Manufacturing

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast, by Region, 2020-2027

9.7 Energy & Utilities

9.7.1 Market Estimates & Forecast, 2020-2027

9.7.2 Market Estimates & Forecast, by Region, 2020-2027

9.8 Others

9.8.1 Market Estimates & Forecast, 2020-2027

9.8.2 Market Estimates & Forecast, by Region, 2020-2027

10 Global Security Advisory Services Market, by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020-2027

10.2.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, 2020-2027

10.2.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.5.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, 2020-2027

10.2.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.6.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2020-2027

10.2.7.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.7.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2020-2027

10.3.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020-2027

10.3.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.5.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.3.6 UK

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.6.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.3.7 France

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.7.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.3.9 Rest of Europe

10.3.9.1 Market Estimates & Forecast, 2020-2027

10.3.9.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.9.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.9.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2020-2027

10.4.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020-2027

10.4.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.5.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.6.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.7.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.8.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.8.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Subcontinent, 2020-2027

10.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, 2020-2027

10.5.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.5.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.5.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.5.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.6.4 Market Estimates & Forecast, by Industry Vertical, 2020-2027

11 Company Landscape

12 Company Profiles

12.1 Deloitte Touche Tohmatsu Limited

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Ernst & Young Global Limited

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 KPMG International Cooperative

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 PricewaterhouseCoopers Private Limited

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Coalfire Systems, Inc.

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 CybeRisk

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Cisco Systems, Inc.

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Tata Consultancy Services Limited

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 eSentire, Inc.

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Security Compass

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.11 Novacoast, Inc.

12.11.1 Company Overview

12.11.2 Product/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

12.12 Kudelski Security

12.12.1 Company Overview

12.12.2 Product/Business Segment Overview

12.12.3 Financial Updates

12.12.4 Key Developments

12.13 DXC Technology Company

12.13.1 Company Overview

12.13.2 Product/Business Segment Overview

12.13.3 Financial Updates

12.13.4 Key Developments

12.14 Rapid7 LLC

12.14.1 Company Overview

12.14.2 Product/Business Segment Overview

12.14.3 Financial Updates

12.14.4 Key Developments

12.15 Intertek Group plc

12.15.1 Company Overview

12.15.2 Product/Business Segment Overview

12.15.3 Financial Updates

12.15.4 Key Developments

13 Conclusion

LIST OF TABLES

Table 1 Global Security Advisory Services Market, by Region, 2020-2027

Table 2 North America: Security Advisory Services Market, by Country, 2020-2027

Table 3 Europe: Security Advisory Services Market, by Country, 2020-2027

Table 4 Asia-Pacific: Security Advisory Services Market, by Country, 2020-2027

Table 5 Middle East & Africa: Security Advisory Services Market, by Country, 2020-2027

Table 6 Latin America: Security Advisory Services Market, by Country, 2020-2027

Table 7 Global Security Advisory Services Type Market, by Region, 2020-2027

Table 8 North America: Security Advisory Services Type Market, by Country, 2020-2027

Table 9 Europe: Security Advisory Services Type Market, by Country, 2020-2027

Table 10 Asia-Pacific: Security Advisory Services Type Market, by Country, 2020-2027

Table 11 Middle East & Africa: Security Advisory Services Type Market, by Country, 2020-2027

Table 12 Latin America: Security Advisory Services Type Market, by Country, 2020-2027

Table 13 Global Security Advisory Services Organization Size Market, by Region, 2020-2027

Table 14 North America: Security Advisory Services Organization Size Market, by Country, 2020-2027

Table 15 Europe: Security Advisory Services Organization Size Market, by Country, 2020-2027

Table 16 Asia-Pacific: Security Advisory Services Organization Size Market, by Country, 2020-2027

Table 17 Middle East & Africa: Security Advisory Services Organization Size Market, by Country, 2020-2027

Table 18 Latin America: Security Advisory Services Organization Size Market, by Country, 2020-2027

Table 19 Global Security Advisory Services Industry Vertical Market, by Region, 2020-2027

Table 20 North America: Security Advisory Services Industry Vertical Market, by Country, 2020-2027

Table 21 Europe: Security Advisory Services Industry Vertical Market, by Country, 2020-2027

Table 22 Asia-Pacific: Security Advisory Services Industry Vertical Market, by Country, 2020-2027

Table 23 Middle East & Africa: Security Advisory Services Industry Vertical Market, by Country, 2020-2027

Table 24 Latin America: Security Advisory Services Industry Vertical Market, by Country, 2020-2027

Table 25 Global Type Market, by Region, 2020-2027

Table26 Global Organization Size Market, by Region, 2020-2027

Table 27 Global Industry Vertical Market, by Region, 2020-2027

Table 28 North America: Security Advisory Services Market, by Country

Table 29 North America: Security Advisory Services Market, by Service

Table 30 North America: Security Advisory Services Market, by Organization Size

Table 31 North America: Security Advisory Services Market, by Industry Vertical

Table 32 Europe: Security Advisory Services Market, by Country

Table 33 Europe: Security Advisory Services Market, by Service

Table 34 Europe: Security Advisory Services Market, by Organization Size

Table 35 Europe: Security Advisory Services Market, by Industry Vertical

Table 36 Asia-Pacific: Security Advisory Services Market, by Country

Table 37 Asia-Pacific: Security Advisory Services Market, by Service

Table 38 Asia-Pacific: Security Advisory Services Market, by Organization Size

Table 39 Asia-Pacific: Security Advisory Services Market, by Industry Vertical

Table 40 Middle East & Africa: Security Advisory Services Market, by Country

Table 41 Middle East & Africa: Security Advisory Services Market, by Service

Table 42 Middle East & Africa: Security Advisory Services Market, by Organization Size

Table 43 Middle East & Africa: Security Advisory Services Market, by Industry Vertical

Table 44 Latin America: Security Advisory Services Market, by Country

Table 45 Latin America: Security Advisory Services Market, by Service

Table 46 Latin America: Security Advisory Services Market, by Organization Size

Table 47 Latin America: Security Advisory Services Market, by Industry Vertical

LIST OF FIGURES

FIGURE 1 Global Security Advisory Services Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of the Global Security Advisory Services Market

FIGURE 4 Value Chain of the Global Security Advisory Services Market

FIGURE 5 Share of the Global Security Advisory Services Market, by Country, 2020 (in %)

FIGURE 6 Global Security Advisory Services Market, 2020-2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Security Advisory Services Market Size, by Service, 2020

FIGURE 9 Share of the Global Security Advisory Services Market, by Service, 2020-2027

FIGURE 10 Global Security Advisory Services Market Size, by Organization Size, 2020

FIGURE 11 Share of Global Security Advisory Services Market, by Organization Size, 2020-2027

FIGURE 12 Global Security Advisory Services Market Size, by Industry Vertical, 2020-2027

FIGURE 13 Share of Global Security Advisory Services Market, by Industry Vertical, 2020-2027

Security Advisory Services Market Speak to Analyst Request a Free Sample

Security Advisory Services Market overview


The global security advisory services market is expected to register a CAGR of 17.6% from 2018 to 2023. The market was USD 5.24 billion in 2018. It should be worth USD 11.79 billion by 2023.


Many enterprises are tapping into the security advisory services market because these technologies allow them to make their business operations and sensitive information much more secure. Security advisory services also protect their IT infrastructure and make it less vulnerable to cyberattacks.


Security Advisory Services Market COVID-19 analysis


The fallout from COVID-19 has done more to catapult the world into the digital era than any other development in the past one hundred years has. People may have been staying indoors much more often but they still had to shop and work. They just chose to do these online.


Therefore, e-commerce and e-business blossomed. Businesses suddenly increased spending on IT infrastructure manyfold. However, with that came the issue of security. These businesses turned to the security advisory services market to safeguard their business operations, their businesses, and the sensitive data that these entities harbored.


Security Advisory Services Market dynamics



  • Drivers


Unfortunately, as the world has gone digital, hackers have gotten more clever in the ways and methods that they use to hack into various companies’ databases. Therefore, many managers and executives are turning to the global security advisory services market for solutions. This has been a major driver of growth in the market.



  • Opportunities


Many manufacturers of security advisory services are investing heavily in research and development. The objective is to try to develop a new generation of services that will keep businesses, their data, and IT infrastructure and systems even more secure.



  • Restraints


The key restraints to security advisory services market growth are the fact that many organizations are simply unaware of the threats that cyberattacks can pose for them, and lower spending on these services.



  • Challenges


The greatest challenge that companies in the global security advisory services market will face in the future is increasing awareness of the importance of these services to SMEs around the world.



  • Cumulative growth analysis


The global security advisory services market is expected to register a CAGR of 17.6% from 2018 to 2023. The market was USD 5.24 billion in 2018. It should be worth USD 11.79 billion by 2023.


Security Advisory Services Market Technology analysis


Tata Consultancy is a key player in the global security advisory services market. It got to this position by investing heavily in research and development. Therefore, it was able to develop superior services that gave it the sustainable competitive edge it needed to become and remain profitable. The company also became an industry leader in no time.


Security Advisory Services Market Segment overview


By service


This segment can be grouped as follows:



  • Risk and compliance management

  • Security program development

  • Incident management

  • Penetration testing

  • Vulnerability management

  • CIO security advisor and support


By organization


This segment can be grouped as follows:



  • SMEs

  • Large companies


By industry


This segment can be grouped as follows:



  • Banking

  • Financial services

  • Insurance

  • Government

  • Public sector

  • Healthcare

  • IT & Telecom

  • Manufacturing

  • Energy and utilities

  • Others


The government and public sector sub-sector are expected to register the highest CAGR at 19.9% for the time period that this report covers. The reasons for this are that the developed economies of the USA, Canada, Japan, China, and Europe will spend large amounts of money on ensuring that their government systems and IT-related infrastructure is secure from cyberattackers.


The banking and financial services sector itself is expected to register a CAGR of 18.9% for the time period that this report covers. This sub-sector is expected to be worth USD 9.7 billion by 2023.


Security Advisory Services Market Regional analysis


The global security advisory services market can be grouped into the following geographic regions:



  • North America

  • The European Union

  • Asia-Pacific

  • The Rest of the World


The North American region can be grouped into the following countries:


The United States of America



  • Canada

  • Mexico


The European Union can be grouped into the following countries:



  • The United Kingdom

  • Germany

  • France

  • The Rest of Europe


The Asia-Pacific region can be grouped into the following countries:



  • China

  • India

  • Japan


The rest of the Asia-Pacific region


The rest of the world can be grouped into the following regions:



  • South America

  • The Middle East and Africa


The North American region is expected to enjoy the largest share in the global security advisory services market. America, especially, is home to some of the largest providers of security advisory services in the world. This fact alone puts it at an unfair advantage.


The fact that America leads in the number of security advisory services firms also allows the nation to create a sustainable competitive advantage in the global security advisory services industry.


America itself has historically been the first country in the world to adopt new technologies. The technologies that encompass security advisory services are no exception. This is another reason why America is expected to enjoy the largest security advisory services market share for the time period that this report covers.


Since the United States of America is the most digitally wired nation in the world, it makes sense that the nation also faces the greatest number of cyberattacks annually. This is another key factor that’s driving its security advisory services market growth rate.


The Asia-Pacific region is expected to enjoy the highest regional CAGR at 17.7% for the time period that this report covers. The entire Asia-Pacific region is modernizing and industrializing rapidly. Therefore, firms in all nations across Asia are going digital at a phenomenal pace.


It’s interesting to note that COVID-19 has accelerated this trend. In any case, most companies in India and China are going digital at a rapid pace. These firms need a way to safeguard themselves, their infrastructure, and the data that they harbor. That’s why they’re turning to security advisory services providers in exponentially growing numbers.


The demand for these types of providers is expected to accelerate in the coming years for companies throughout the Asia-Pacific region. That said, this trend is not just confined to the Asia-Pacific region. Companies in all regions of the world will have a greater demand for the services that security advisory service firms provide in the future.


The European Union is expected to register a growth rate of 13.6% for the time period that this report covers. Germany, especially, is expected to register the strongest growth rates in the union.


Security Advisory Services Market Competitive landscape


The global security advisory services market is highly competitive. The market itself is extremely lucrative and is registering a high CAGR. Since this trend is expected to continue for many more years, many companies are attracted to the industry (by its vast money-making potential.)


Larger companies, especially those that have larger treasuries can hire software developers and programmers that are more experienced and more talented to deliver superior solutions that will sell better in the general target markets.


There are also relatively few barriers to entry. Therefore, many larger companies find that they face very little resistance when trying to enter the market. All of these factors mean that existing companies must become very creative when trying to survive in the market.


These companies find that they must invest heavily in research and development if they want to continue to generate above-average profit margins and remain financially viable. It’s through research and development that these companies find that they can develop superior services that will not only sell better but allow them to charge higher prices to the end consumers.


Companies also find that they can create a sustainable competitive advantage by entering into strategic partnerships with other successful companies in the same or in parallel industries. The resulting company ends up increasing its knowledge and resource base by doing so. It can then invest much more intensively in research and development. The firm can also invest more in marketing - digital and traditional - so that it can reach more target markets faster.


When companies acquire and merge with other companies, they accomplish the same goals and objectives that those companies that enter into strategic partnerships with other successful companies do. For example, they can invest much more intensively in research and development. Therefore, they can develop and market a new generation of financial services that are far more effective and responsive than previous generations were.


Deloitte is a major American player in the global security advisory services market. It managed to create a sustainable competitive advantage by investing heavily in research and development. Therefore, it was able to develop and market those services that gave it a sustainable competitive advantage and allowed it to outsell the competition.


Deloitte was also able to carve out a specific niche for its services. This allowed it to gain an unfair edge over the competition.


Security Advisory Services Market List of Companies


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), and Intertek Group PLC (UK)


Security Advisory Services Market Recent Developments



  • DXC technologies recently entered new markets around the world

  • Dimension Data Holdings - a South African company - recently expanded its global presence



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 5.24 Billion (2017)
  • USD 11.79 Billion (2023)
  •   CAGR   17.6% (2018-2023)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Service, Organization Size
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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), and Intertek Group PLC (UK).
      Key Market Opportunities   The adoption of cloud computing, social media, IoT, mobile computing, and hyper-connectivity have provided numerous digital businesses the opportunity to enhance the efficiency of their businesses; however, this has also made them more vulnerable by exposing them to a larger cyber-attack surface. For enterprises, the implementation of robust security solutions has become an important area to consider.
      Key Market Drivers

  • The fastest growing market in the global security advisory services market over the forecast period. \r\n
  • Increasing digitalization and growing financial sector are the key driving factors for the adoption of security advisory services in the region.


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    Frequently Asked Questions (FAQ) :

    The limited spending on cybersecurity is expected to create an obstruction in the market expansion.

    The elevated adoption rates from the BFSI sector are expected to motivate the market in the forthcoming period.

    The generation of revenues worth USD 11.79 billion by 2023 is estimated to boost the market in the coming period.

    PricewaterhouseCoopers Private Limited (UK), eSentire, Inc. (Canada), Coalfire Systems, Inc. (US), KPMG International Cooperative (Netherlands), Cisco Systems, Inc. (US), Tata Consultancy Services Limited (India) and CybeRisk (US) are spurring the overall market growth in the coming period.

    The strong contribution of nations such as the US and Canada are expected to motivate the North American regional market in the upcoming period.