Security Advisory Services Market Size By Service Type, By Vertical, By Organisation Size, By Geographic Scope and Forecast


Posted March 2, 2020 by jennysmith

Security Advisory Services Market was valued at USD 7.09 Billion in 2018 and is expected to witness a growth of 18.1% from 2019-2026 and reach USD  25.73 Billion by 2026.

 
Security Advisory Services Market Size And Forecast
According to Verified Market Research, the Global Security Advisory Services Market was valued at USD 7.09 Billion in 2018 and is expected to witness a growth of 18.1% from 2019-2026 and reach USD  25.73 Billion by 2026.

The latest survey on Global Security Advisory Services Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunities available and trend in the Security Advisory Services Market. The report aims to present the analysis of Global Security Advisory Services Market By Type, By End User, By Geographic Scope – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What is Security Advisory Services Market?
Modernization has compelled the market for contemporary services and increased connectivity along with the security services. Security advisory services are responsible to make sure that the devices in use are secured. It should take several parameters into consideration such as system & integration, support & maintenance, and many others. Companies tha are running on platforms such as JAVA, Cloud, etc. are all equally vulnerable to threats. Security advisory services are required to prevent the vulnerabilities from becoming a threat or challenge in the global market.

Security Advisory Services is a measure developed to protect the organizations from vulnerabilities. Security advisory services are developed to organize the potential threats and challenges a company would face which can be internal as well as external. It mainly involves components such as risk & strategic consulting, regular assessments of the products and incident response.

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Security Advisory Services Market Outlook
Growing cybersecurity risks is one of the factors booming in the global market. The impact of cybersecurity cannot be anticipated. With growing awareness, large enterprises are actively adopting solutions/services which can help them prevent vulnerabilities. The scope of security services has grown beyond technology. There are various factors that are expected to be optimized using security advisory services. These security services determine the major weaknesses in a company as the level of cyber-attacks is increasing with rising adoption rates of cloud computing solutions.

Budget constraints can be one of the potential restraints for the Global Security Advisory Services Market. The U.S. government has recognized cybersecurity as “one of the most serious economic and national security challenges faced by the nation.” It has been observed that small & medium-sized enterprises are not able to cope up with the high cost of investment required for setting up the security advisory services market.

Global Security Advisory Services Market Segmentation
The Global Security Advisory Services Market is classified on the basis of Service Type, Vertical, Organization Size, and Region. The gist of breaking down the market into various segments is to gather information about various aspects of the market. On the basis of Service Type, the market is bifurcated on the basis of Penetration Testing, Vulnerability Management, Incident Response, Compliance Management, Risk Management Strategy, and CISO Advisory and Support. The CISO Advisory and Support is expected to be dominating in the market.

In terms of Organization Size, the market study encompasses various aspects such as Small and Medium-Sized Enterprises (SMEs) products and Large Enterprises. The growing adoption rate of security advisory services is boosting the growth of large enterprises in the global market. These services are of great importance for the enterprises as along with safety measures it also makes sure that the company is following standardized guidelines.

On the basis of Vertical, the Global Security Advisory Services Market has been segmented into BFSI, IT & Telecommunication, Government & Public Sector, Healthcare, Energy & Power, Manufacturing and Others. The market size of security advisory services in the Banking, Financial Services, and Insurance (BFSI) is expected to be the largest owing to various applications required in the industry such as fraud detection, prevention of data loss or theft as well as the overall maintenance of the integrity of the system.

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The awareness of cyber risks and security breaches has increased the scope of security advisory services in the U.S. as various companies are coming together to adopt such services which can provide the information and guidelines to protect their company from threats and improve the business agility. This suggests that the scope of Security Advisory Services is expected to be the largest in the North America region.

Security Advisory Services Market Competitive Landscape
The “Security Advisory Services Market” study report offers a valuable insight with an emphasis on the global market including some of the major players such as PWC, EY, Deloitte, KPMG, Kudelski Security, Coalfire, Cyberisk, Delta Risk, Esentire, Novacoast, TCS and Security Compass. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Issued By vmr
Country United States
Categories Business
Tags security advisory services market
Last Updated March 2, 2020