Security Advisory Services Market

Security Advisory Services Market by Service Type (Penetration Testing, Vulnerability Management, Incident Response, Security Risk, Compliance Management, and CISCO Advisory and Support), Organization Size, Vertical, and Region - Global Forecast to 2024

Report Code: TC 5699 Oct, 2019, by marketsandmarkets.com

[163 Pages Report] The global security advisory services market size is expected to grow from USD 7.8 billion in 2019 to USD 18.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. Need to increase the agility of business processes without sacrificing security, increased sophistication level of cyber-attacks and need to adhere to regulatory compliances are the significant factors driving the growth of the market.

Security Advisory Services Market

Selected Market Dynamics in Security Advisory Services Market

Strong regulation and compliance requirements

Law enforcement agencies are promoting the efficient and effective use of technology for protecting the individual and organizational data. For an organization, the data needs to be collected, stored, analyzed, and managed to report on the regulatory compliances, such as Gramm–Leach–Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS), and Sarbanes–Oxley (SOX). Some of these organizations demand a periodic audit to validate compliances, while the others enforce compliance requirements. Security advisory services enable the enterprises to meet and deploy security policies. Organizations require security advisory services to guarantee efforts for protecting the data and critical information, as per the industry regulations and mandates. With the increased adoption of cloud services, which provide the benefits of flexibility and scalability, new regulatory compliances are expected to be enforced globally. This, in turn, is likely to bring a huge contribution from various security advisory service providers to meet the growing compliance demands.

Budget constraints

As the frequency of cybersecurity breaches has increased over the past 5 years, organizations have increased their IT security investments to protect themselves from advanced threats, zero-day malware, Trojans, and other targeted threats. However, for many enterprises, including SMEs, these investment costs are a matter of concern. Furthermore, for strong and advanced security, the cost of innovation is still high, and many organizations view budgetary constraints as a barrier to the growth of the security advisory services market. The lack of adequate budget continues to be an important concern for cybersecurity professionals to effectively carry out their IT security operations. The cybersecurity budget in SMEs is not sufficient to fulfill every security need, and therefore, organizations have to understand which information assets are the most important to curb evolving security threats. Companies have to think twice before investing in regions with developing economies, such as Latin America and MEA, due to the lower cyber defense budgets in these regions.

According to the 2016 State of Application Delivery survey conducted by F5 Networks, the security budget being too small (41% of the respondents) is one of the top 5 security challenges. More than half of the Chief Information Officers (CIOs) declared that budget constraints are a general barrier to innovation. Furthermore, according to EY’s Global Information Security Survey 2015, about 62% of the CIOs and other cybersecurity professionals said budget constraints are their biggest concern.

CISO advisory and support to be the largest contributor to the market growth during the forecast period

Among service type, CISO advisory and support segment is expected to grow with the highest CAGR in the security advisory services market. CISO advisory and support helps organizations in forming strategies, technology integrator, monitors the process that prevents the cyber threat and advises the board members about the strategic roadmap of security. It is one of the cost-effective ways to maintain the information security system and manage risk. CISOaaS engagement involves activities such as scoping, assessment, gap analysis, implementation, evaluation, continual maintenance. CISOaaS also caters to preventative maintenance tasks which helps in keeping enterprises security posture checked.

Banking, Financial Services, and Insurance (BFSI) industry vertical to hold the largest market size in the security advisory services market in 2019

The BFSI vertical is estimated to hold the largest market size in the security advisory services market in 2019. The BFSI is the most targeted vertical, as it deals with large volumes of sensitive and private financial data. The enterprises in this vertical are demanding for the security advisory services to ensure irreversible security. Moreover, the BFSI industry vertical is the most regulated, as it has to comply with many security requirements.

Security Advisory Services Market

APAC to grow with the highest CAGR during the forecast period

APAC region is expected to be the fastest-growing in the security advisory market during the forecast period. Due to the rapid digitization and adoption of advanced technologies by the organizations, the instances of advanced attacks are increasing in the APAC region which interrupts the smooth flow of business operations. This is a major driving force into the adoption of security advisory services in this region.

Key security advisory services market Players

The major vendors in the security advisory services market are are Cisco (US), DXC Technologies (US), KPMG (UK), Deloitte (US), PwC (UK), TCS (India), EY (UK), Verizon (US), eSentire (Canada), Rapid7 (US), Dimension Data (South Africa), Kudelski Security (Switzerland), NTT Security (Japan), Sumeru (India), ePlus (US), Coalfire (US), Novacoast (US), Security Compass (Canada), Sage Data Security (US) and Avalon Cyber (US).

Scope of security advisory services market Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Service type, Organization size, Vertical, and Region

Geographies covered

North America, Europe, APAC, Latin America and MEA

Companies covered

Cisco (US), DXC Technologies (US), KPMG (UK), Deloitte (US), PWC (UK), TCS (India), EY (UK), Verizon (US), eSentire (Canada), Rapid7 (US), Dimension Data (South Africa), Kudelski Security (Switzerland), NTT Security (Japan), Sumeru (India), ePlus (US), Coalfire (US), Novacoast (US), Security Compass (Canada), Sage Data Security (US) and Avalon Cyber (US).

This research report categorizes the security advisory services market to forecast revenues and analyze trends in each of the following submarkets:

Based on the Service Type, the security advisory services market has been segmented as follows:

  • Penetration Testing
  • Vulnerability Management
  • Security Risk Management
  • Incident Response
  • Compliance Management
  • Security Program Management
  • CISO Advisory and Support

Based on Organization Size, the security advisory services market has been segmented as follows:

  • SMEs
  • Large Enterprises

Based on the Vertical, the security advisory services market has been segmented as follows:

  • BFSI
  • Government and Public Sector
  • IT and Telecom
  • Healthcare
  • Energy and Power
  • Manufacturing
  • Others

Based on Regions, the security advisory services market has been segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Italy
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • ANZ
    • Rest of APAC
  • MEA
    • Kingdom of Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In August 2019, DXC Technology acquired Syscom, and this would enhance DXC Technology’s capabilities of service management and security operations in Norway. Syscom has expertise in security operations and ITSM.
  • In August 2019, Deloitte and Splunk Inc. partnered to provide automated security monitoring and response capabilities that would help the organizations attain consistent security throughout the workflow and output..
  • In April 2018, PwC partnered with Microsoft to focus on Enterprise Security Architecture (ESA), IAM, information protection, Cloud Application Security (CAS), and threat and vulnerability management.

Key Questions Addressed by the Report:

  • Where would all these developments take the industry in the mid to long term?
  • What are the upcoming security types for the security advisory services market?
  • Which are the major factors expected to drive the market?
  • Which region would offer high growth for vendors in the market?
  • Which service type would gain the largest market share in the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Market Opportunities in the Security Advisory Services Market
    4.2 Market By Service Type, 2019
    4.3 Market By Organization Size, 2019–2024
    4.4 Market Share of Top 3 Verticals and Top 3 Regions, 2019

5 Market Overview and Industry Trends (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rise in the Frequency of Cyberattacks and Increased Sophistications in Attacking Techniques
                    5.2.1.2 Emergence of Disruptive Digital Technologies, Such as Iot, Across Verticals
                    5.2.1.3 Need for Stringent Security Compliances and Government Regulations
           5.2.2 Restraints
                    5.2.2.1 Limited Security Budget Among SMES
           5.2.3 Opportunities
                    5.2.3.1 Increase in the Adoption of Multi-Cloud Services
                    5.2.3.2 Increase in the Ecommerce Penetration Across Verticals
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness Related to Advanced and Sophisticated Cyber Threats Among Enterprises
    5.3 Regulatory Implications
           5.3.1 Introduction
           5.3.2 General Data Protection Regulation
           5.3.3 Payment Card Industry Data Security Standard
           5.3.4 Health Insurance Portability and Accountability Act
           5.3.5 Federal Information Security Management Act
           5.3.6 Gramm-Leach-Bliley Act
           5.3.7 Sarbanes-Oxley Act
           5.3.8 International Organization for Standardization 27001
    5.4 Innovation Spotlight
           5.4.1 Mitkat Advisory Services
           5.4.2 Stickman
    5.5 Use Cases
           5.5.1 Use Case: Coalfire
           5.5.2 Use Case: Veritas
           5.5.3 Use Case: Cisco

6 Security Advisory Services Market By Service Type (Page No. - 49)
    6.1 Introduction
    6.2 Penetration Testing
           6.2.1 Growing Need to Eliminate Vulnerabilities and Launch Secure Product Offerings to Drive Growth of Security Advisory Services Market
    6.3 Vulnerability Management
           6.3.1 Rising Demand for Cybersecurity to Spur the Growth of Vulnerability Management in the Market
    6.4 Security Risk Management
           6.4.1 Need to Secure Organizations From Increasing Cyberattacks to Drive the Adoption of Security Advisory Management Services
    6.5 Incident Response
           6.5.1 Rising Cyber Incidents Worldwide and Associated Losses to Drive the Overall Market During the Forecast Period
    6.6 Compliance Management
           6.6.1 Growing Need to Comply With Regulations to Boost the Growth of the Overall Market
    6.7 Security Program Development
           6.7.1 Growing Need to Execute Quick and Informed Decision-Making to Boost the Overall Market
    6.8 Chief Information Security Officer Advisory and Support
           6.8.1 Increase in Demand for Cost Effective High-Level Security Experts to Boost Ciso-As-A-Service

7 Security Advisory Services Market By Organization Size (Page No. - 58)
    7.1 Introduction
    7.2 Small and Medium-Sized Enterprises
           7.2.1 Rising Security Issues to Drive the Adoption of Security Advisory Services Among Small and Medium-Sized Enterprises
    7.3 Large Enterprises
           7.3.1 Increasing Cyberattacks and Hefty Fines for Regulatory Non-Compliance to Boost the Adoption of Security Advisory Services Among Large Enterprises

8 Security Advisory Services Market By Vertical (Page No. - 62)
    8.1 Introduction
    8.2 Banking, Financial Services and Insurance
           8.2.1 Enhanced Financial Products and Services and Innovative Internet Offerings to Drive the Adoption of Security Advisory Services in the BFSI Vertical
    8.3 IT and Telecom
           8.3.1 Increased Attacks on Critical Infrastructure to Drive Market Growth in IT and Telecom Vertical
    8.4 Government and Public Sector
           8.4.1 Increasing Need to Protect Sensitive Data of Citizens and Organizations Drives the Adoption of Security Advisory Services Solutions in the Government and Public Sector
    8.5 Healthcare
           8.5.1 Need to Protect Patient Data and Payment Information to Drive Market Growth in Healthcare Vertical
    8.6 Energy and Power
           8.6.1 Need to Prevent Physical Damage and Reduce Cyber Risks, Along With Maintaining Infrastructure Security, to Drive Market Growth in the Energy and Power Vertical
    8.7 Manufacturing
           8.7.1 Rising Need for Effective Cyber Threats to Drive the Adoption of Security Advisory Services in Manufacturing
    8.8 Others

9 Security Advisory Services Market By Region (Page No. - 72)
    9.1 Introduction
    9.2 North America
           9.2.1 United States
                    9.2.1.1 Expanding the Scope of Cyberattacks in the US to Drive the Growth of the Market
           9.2.2 Canada
                    9.2.2.1 Need to Adhere to Regulatory Compliances to Drive the Growth of the Market in Canada
    9.3 Europe
           9.3.1 United Kingdom
                    9.3.1.1 Increasing Government Regulations to Drive the Growth of the Market in the UK
           9.3.2 Germany
                    9.3.2.1 High use of Internet Makes German Industry Vulnerable to Cyberattacks Making It a Lucrative Market for Security Advisory Services
           9.3.3 Italy
                    9.3.3.1 Rise in Sophisticated Cyberattack Vectors to Drive the Growth of Security Advisory Services Market in Italy
           9.3.4 France
                    9.3.4.1 Government Initiatives and Requirement of Enhanced Security Services to Drive the Demand for Security Advisory Services
           9.3.5 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 Increased Cyberattacks Owing to High Dependency on the Internet Driving the Market in China
           9.4.2 Japan
                    9.4.2.1 Government Initiatives and an Increase in the Need for Cybersecurity to Spur the Demand for Security Advisory Services in Japan
           9.4.3 South Korea
                    9.4.3.1 Increased Adoption of Smartphones, Mobile Applications, and Other Technologies, Such as Cloud Computing and Artificial Intelligence to Drive the Market in South Korea
           9.4.4 India
                    9.4.4.1 Presence of Local and International Players to Contribute to the Growth of Security Advisory Services in India
           9.4.5 Australia and New Zealand
                    9.4.5.1 Government Initiatives and an Increase in the Need for Cybersecurity to Spur the Demand for Security Advisory Services in ANZ
           9.4.6 Rest of Asia Pacific
    9.5 Middle East and Africa
           9.5.1 Kingdom of Saudi Arabia
                    9.5.1.1 Existing Vulnerable Infrastructure and Growing Cyberattacks to Drive the Adoption of Security Services
           9.5.2 United Arab Emirates
                    9.5.2.1 Increasing Need to Secure Business Sensitive Applications to Drive the Growth of Market in UAE
           9.5.3 South Africa
                    9.5.3.1 Increasing Adoption of Technologies, Such as IoT and Cloud to Boost the Growth of the Market in South Africa
           9.5.4 Rest of Middle East and Africa
    9.6 Latin America
           9.6.1 Brazil
                    9.6.1.1 Growing Adoption of Security Advisory Services Solution By Enterprises to Improve Business Security in Brazil
           9.6.2 Mexico
                    9.6.2.1 Rise in the Adoption of Cloud-Based Applications Across Major Verticals, Such as BFSI and IT and Telecom, to Fuel the Growth of Security Advisory Services Market in Mexico
           9.6.3 Rest of Latin America

10 Competitive Landscape (Page No. - 124)
     10.1 Overview
     10.2 Competitive Leadership Mapping
             10.2.1 Visionary Leaders
             10.2.2 Dynamic Differentiators
             10.2.3 Innovators
             10.2.4 Emerging Companies
     10.3 Competitive Scenario
             10.3.1 New Product Launches and Product Enhancements
             10.3.2 Partnerships and Collaborations
             10.3.3 Mergers and Acquisitions

11 Company Profiles (Page No. - 130)
(Business Overview, Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Cisco
     11.2 DXC Technology
     11.3 KPMG
     11.4 Deloitte
     11.5 PwC
     11.6 TCS
     11.7 EY 
     11.8 Verizon
     11.9 Esentire
     11.10 Rapid7
     11.11 Dimension Data
     11.12 Kudelski Security
     11.13 NTT Security
     11.14 Sumeru Software Solutions
     11.15 ePlus
     11.16 Coalfire
     11.17 Security Compass
     11.18 Novacoast
     11.19 Sage Data Security
     11.20 Avalon Cyber

*Details on Business Overview, Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 157)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (107 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Security Advisory Services Market Size and Growth, 2017–2024 (USD Million, Y-O-Y %)
Table 4 Market Size By Service Type, 2017–2024 (USD Million)
Table 5 Penetration Testing: Market Size By Region, 2017–2024 (USD Million)
Table 6 Vulnerability Management: Market Size By Region, 2017–2024 (USD Thousand)
Table 7 Security Risk Management: Market Size By Region, 2017–2024 (USD Million)
Table 8 Incident Response: Security Advisory Services Market Size, By Region, 2017–2024 (USD Million)
Table 9 Compliance Management: Market Size By Region, 2017–2024 (USD Million)
Table 10 Security Program Development: Market Size By Region, 2017–2024 (USD Million)
Table 11 Chief Information Security Officer Advisory and Support: Market Size By Region, 2017–2024 (USD Million)
Table 12 Security Advisory Services Market Size, By Organization Size, 2017–2024 (USD Million)
Table 13 Small and Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 14 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 15 Security Advisory Services Market Size, By Vertical, 2017–2024 (USD Million)
Table 16 Banking, Financial Services and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 17 IT and Telecomm: Market Size By Region, 2017–2024 (USD Million)
Table 18 Government and Public Sector: Market Size By Region, 2017–2024 (USD Thousand)
Table 19 Healthcare: Market Size By Region, 2017–2024 (USD Million)
Table 20 Energy and Power: Market Size By Region, 2017–2024 (USD Million)
Table 21 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 22 Others: Market Size By Region, 2017–2024 (USD Million)
Table 23 Security Advisory Services Market Size, By Region, 2017–2024 (USD Million)
Table 24 North America: Market Size By Service Type, 2017–2024 (USD Million)
Table 25 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 26 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 27 North America: Market Size By Country, 2017–2024 (USD Million)
Table 28 United States: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Million)
Table 29 United States: Market Size By Organization Size, 2017–2024 (USD Million)
Table 30 United States: Market Size By Vertical, 2017–2024 (USD Million)
Table 31 Canada: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Million)
Table 32 Canada: Market Size By Organization Size, 2017–2024 (USD Million)
Table 33 Canada: Market Size By Vertical, 2017–2024 (USD Million)
Table 34 Europe: Market Size By Service Type, 2017–2024 (USD Million)
Table 35 Europe: Market Size By Organization Size, 2017–2024 (USD Thousand)
Table 36 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 37 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 38 United Kingdom: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Million)
Table 39 United Kingdom: Market Size By Organization Size, 2017–2024 (USD Million)
Table 40 United Kingdom: Market Size By Vertical, 2017–2024 (USD Million)
Table 41 Germany: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Million)
Table 42 Germany: Market Size By Organization Size, 2017–2024 (USD Million)
Table 43 Germany: Market Size By Vertical, 2017–2024 (USD Million)
Table 44 Italy: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Million)
Table 45 Italy: Market Size By Organization Size, 2017–2024 (USD Million)
Table 46 Italy: Market Size By Vertical, 2017–2024 (USD Million)
Table 47 France: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Million)
Table 48 France: Market Size By Organization Size, 2017–2024 (USD Million)
Table 49 France: Market Size By Vertical, 2017–2024 (USD Million)
Table 50 Rest of Europe: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 51 Rest of Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 52 Rest of Europe: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 53 Asia Pacific: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 54 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 55 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 56 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 57 China: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Million)
Table 58 China: Market Size By Organization Size, 2017–2024 (USD Million)
Table 59 China: Market Size By Vertical, 2017–2024 (USD Million)
Table 60 Japan: Market Size By Service Type, 2017–2024 (USD Thousand)
Table 61 Japan: Market Size By Organization Size, 2017–2024 (USD Million)
Table 62 Japan: Market Size By Vertical, 2017–2024 (USD Million)
Table 63 South Korea: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 64 South Korea: Market Size By Organization Size, 2017–2024 (USD Million)
Table 65 South Korea: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 66 India: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 67 India: Market Size By Organization Size, 2017–2024 (USD Million)
Table 68 India: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 69 Australia and New Zealand: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 70 Australia and New Zealand: Market Size By Organization Size, 2017–2024 (USD Million)
Table 71 Australia and New Zealand: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 72 Rest of Asia Pacific: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 73 Rest of Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 74 Rest of Asia Pacific: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 75 Middle East and Africa: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 76 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 77 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 78 Middle East and Africa: Market Size By Country, 2017–2024 (USD Million)
Table 79 Kingdom of Saudi Arabia: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 80 Kingdom of Saudi Arabia: Market Size By Organization Size, 2017–2024 (USD Million)
Table 81 Kingdom of Saudi Arabia: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 82 United Arab Emirates: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 83 United Arab Emirates: Market Size By Organization Size, 2017–2024 (USD Million)
Table 84 United Arab Emirates: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 85 South Africa: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 86 South Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 87 South Africa: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 88 Rest of Middle East and Africa: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 89 Rest of Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 90 Rest of Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 91 Latin America: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 92 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 93 Latin America: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 94 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 95 Brazil: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 96 Brazil: Market Size By Organization Size, 2017–2024 (USD Million)
Table 97 Brazil: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 98 Mexico: Market Size By Service Type, 2017–2024 (USD Thousand)
Table 99 Mexico: Market Size By Organization Size, 2017–2024 (USD Million)
Table 100 Mexico: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 101 Rest of Latin America: Security Advisory Services Market Size, By Service Type, 2017–2024 (USD Thousand)
Table 102 Rest of Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 103 Rest of Latin America: Market Size By Vertical, 2017–2024 (USD Thousand)
Table 104 Evaluation Criteria
Table 105 New Product Launches and Product Enhancements, 2018–2018
Table 106 Partnerships and Collaborations, 2018–2019
Table 107 Mergers and Acquisitions, 2018–2018
 
 
List of Figures (29 Figures)
 
Figure 1 Global Security Advisory Services Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up and Top-Down Approaches
Figure 4 Global Security Advisory Services Market to Witness a Significant Growth During the Forecast Period
Figure 5 Incident Response Segment to Grow at the Highest CAGR During the Forecast Period
Figure 6 North America to Hold the Highest Market Share in 2019
Figure 7 Fastest-Growing Segments of the Market
Figure 8 Increase in the Frequency and Sophistication of Cyber Threats to Drive the Growth of Market
Figure 9 Chief Information Security Officer Advisory and Support Segment to Have the Highest Market Share During the Forecast Period
Figure 10 Large Enterprises Segment to Have a Higher Market Share During the Forecast Period
Figure 11 Banking, Financial Services and Insurance Vertical, and North American Region to Have the Highest Market Shares in 2019
Figure 12 Drivers, Restraints, Opportunities, and Challenges: Security Advisory Services Market
Figure 13 Chief Information Security Officer Advisory and Support Segment to Dominate During the Forecast Period
Figure 14 Small and Medium-Sized Enterprises Segment to Hold a Higher CAGR During the Forecast Period
Figure 15 Banking, Financial Services, and Insurance Vertical to Hold the Largest Market Size During the Forecast Period
Figure 16 North America to Hold the Largest Market Size in the Security Advisory Services Market During the Forecast Period
Figure 17 North America: Market Snapshot
Figure 18 Asia Pacific: Market Snapshot
Figure 19 Security Advisory Services Market (Global), Competitive Leadership Mapping, 2018
Figure 20 Key Developments By the Leading Players in the Market During 2017–2019
Figure 21 Cisco Systems: Company Snapshot
Figure 22 Cisco: SWOT Analysis
Figure 23 DXC Technology: Company Snapshot
Figure 24 DXC Technology: SWOT Analysis
Figure 25 KPMG: Company Snapshot
Figure 26 KPMG: SWOT Analysis
Figure 27 Deloitte: Company Snapshot
Figure 28 PwC: Company Snapshot
Figure 29 TCS: Company Snapshot

The study involved four major activities in estimating the current market size for the security advisory services market. Exhaustive secondary research was done to collect information on the security advisory services market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The security advisory services market comprises several stakeholders, such as security advisory services vendors, regulatory bodies, system integrators, resellers and distributors, research organizations, government agencies, enterprise users, venture capitalists, private equity firms, and startup companies. The demand-side of the security advisory services market consists of enterprises across different industries including BFSI, government and public sector, IT and telecom, manufacturing, energy and power, and healthcare. The supply-side includes security advisory services providers, offering security advisory services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

Security Advisory Services Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the security advisory services market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the security advisory services market service type, organization size, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze the market for individual growth trends, prospects, and contributions to the market
  • To forecast the market size of five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To profile the key players in the market and comprehensively analyze their core competencies in each subsegment
  • To analyze the competitive developments, such as agreements, partnerships, acquisitions, and product/solution launches, in the security advisory services market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the European market into the Spain, Sweden, Switzerland and Rest of Europe
  • Further breakup of the APAC market into Singapore, Malaysia, and Rest of APAC
  • Further breakup of the MEA market into Africa and the Middle East
  • Further breakup of the Latin American market into Uruguay, Colombia, and Rest of Latin America

Company Information

  • Detailed analysis and profiling of additional market players

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 5699
Published ON
Oct, 2019
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