HOME Top Market Reports Security Advisory Services Market by Service Type (Penetration Testing, Vulnerability Management, Risk Management Strategy, Incident Response, Compliance Management, Security Program Development), Organization Size, Vertical, and Region - Global Forecast to 2022

Security Advisory Services Market by Service Type (Penetration Testing, Vulnerability Management, Risk Management Strategy, Incident Response, Compliance Management, Security Program Development), Organization Size, Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: TC 5699

 

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The security advisory services market size is estimated to be USD 5.24 Billion in 2016, at a Compound Annual Growth Rate (CAGR) of 18.7%. The base year considered for the study is 2016, and the market size is calculated from 2017 to 2022.

The objective of the report is to define, describe, and forecast the security advisory services market, by service type, organization size, vertical, and region. The report analyzes the opportunities in the market for stakeholders by identifying the high-growth segments of the market. Furthermore, the report profiles the key players of the market and comprehensively analyzes their core competencies, such as new service launches, acquisitions, partnerships, agreements, and collaborations. Moreover, the report also covers detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the security advisory services market begins with capturing data from various industry associations and consortiums, such as SANS Institute, RSA Security, SC Magazine, and other sources, including company financials, journals, press releases, paid databases, and annual reports. The vendor service offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall security advisory services market size from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, executives, and cyber deception technologists. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of primary profiles is depicted in the below figure:

Security Advisory Services Market

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

The security advisory services market comprises major vendors, such as EY (UK), PwC (UK), eSentire (Canada), Kudelski Security (Switzerland), Novacoast (US), Security Compass (Canada), Deloitte (US), KPMG (UK), Delta Risk (US), TCS (India), CybeRisk (Israel), and Coalfire (US). The stakeholders include security advisory service providers, consulting firms, cybersecurity vendors, Value-added Resellers (VARs), telecom providers, and Information Technology (IT) security agencies.

Key target audience of the security advisory services market report is given below:

  • Government agencies
  • Cybersecurity vendors
  • Telecom providers
  • Security advisory service providers
  • Independent software vendors
  • Consulting firms
  • System integrators
  • VARs
  • IT security agencies
  • Managed Security Service Providers (MSSPs)

“The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing their efforts and investments.”

Scope of the Report

The research report segments the security advisory services market into the following submarkets:

By Service Type

  • Penetration testing
  • Vulnerability management
  • Risk management strategy
  • Incident response
  • Compliance management
  • Security program development
  • Chief Information Security Officer (CISO) advisory and support

By Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • IT and telecommunication
  • Government and public sector
  • Healthcare
  • Energy and power
  • Manufacturing
  • Others (retail, education, and travel and transportation)

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

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:

Geographic Analysis

  • Further breakdown of the North American security advisory services market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

Detailed analysis and profiling, along with the MicroQuadrant analysis was performed to get detailed information regarding the competitors in the security advisory services market, on the basis of their service offerings and business strategies. The report reviews the major players who offer security advisory services. In addition, the report will outline the findings and analysis on how well each security advisory service vendor performs within the MarketsandMarkets criteria.

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 14)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions and Limitations
           2.3.1 Research Assumptions
           2.3.2 Limitations

3 Executive Summary (Page No. - 20)

4 Premium Insights (Page No. - 23)
    4.1 Attractive Market Opportunities in the Security Advisory Services Market
    4.2 Market By Vertical and Region
    4.3 Market By Service Type
    4.4 Market By Region

5 Security Advisory Services Market Overview (Page No. - 26)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rise in Security Breaches and Increased Sophistication Level of Cyber-Attacks
                    5.2.1.2 Strong Regulation and Compliance Requirements
           5.2.2 Restraints
                    5.2.2.1 Budget Constraints
           5.2.3 Opportunities
                    5.2.3.1 Rise in the Adoption of Security Advisory Services in Smes
                    5.2.3.2 Increasing Digital Transformation in the Developing Economies
           5.2.4 Challenges
                    5.2.4.1 Lack of End-User Knowledge About Advanced Threats

6 Security Advisory Services Market Analysis, By Service Type (Page No. - 30)
    6.1 Introduction
    6.2 Penetration Testing
    6.3 Vulnerability Management
    6.4 Risk Management Strategy
    6.5 Incident Response
    6.6 Compliance Management
    6.7 Security Program Development
    6.8 Chief Information Security Officer Advisory and Support

7 Security Advisory Services Market Analysis, By Organization Size (Page No. - 40)
    7.1 Introduction
    7.2 Small and Medium-Sized Enterprises
    7.3 Large Enterprises

8 Security Advisory Services Market Analysis, By Vertical (Page No. - 44)
    8.1 Introduction
    8.2 Banking, Financial Services, and Insurance
    8.3 IT and Telecommunication
    8.4 Government and Public Sector
    8.5 Healthcare
    8.6 Energy and Power
    8.7 Manufacturing
    8.8 Others

9 Geographic Analysis (Page No. - 52)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia Pacific
    9.5 Middle East and Africa
    9.6 Latin America

10 Competitive Landscape (Page No. - 65)
     10.1 Introduction
     10.2 Competitive Situations and Trends
             10.2.1 New Service Launches, 2015–2017
             10.2.2 Partnerships, 2016–2017
             10.2.3 Business Expansions, 2016–2017
             10.2.4 Acquisitions, 2017
     10.3 Market Ranking of Players

11 Company Profiles (Page No. - 68)
     11.1 PWC
(Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments)*
     11.2 EY
     11.3 Deloitte
     11.4 KPMG
     11.5 Kudelski Security
     11.6 Coalfire
     11.7 Cyberisk
     11.8 Delta Risk
     11.9 Esentire
     11.10 Novacoast
     11.11 TCS
     11.12 Security Compass

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 98)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (38 Tables)

Table 1 Security Advisory Services Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 2 Market Size By Region, 2015–2022 (USD Million)
Table 3 Market Size By Service Type, 2015–2022 (USD Million)
Table 4 Penetration Testing: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Vulnerability Management: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Risk Management Strategy: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Incident Response: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Compliance Management: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Security Program Development: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Chief Information Security Officer Advisory and Support: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Security Advisory Services Market Size, By Organization Size, 2015–2022 (USD Million)
Table 12 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Security Advisory Services Market Size, By Vertical, 2015–2022 (USD Million)
Table 15 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 16 IT and Telecommunication: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Government and Public Sector: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Healthcare: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Energy and Power: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Manufacturing: Market Size, By Region, 2015–2022 (USD Million)
Table 21 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Security Advisory Services Market Size, By Region, 2015–2022 (USD Million)
Table 23 North America: Market Size, By Service Type, 2015–2022 (USD Million)
Table 24 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 25 North America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 26 Europe: Market Size, By Service Type, 2015–2022 (USD Million)
Table 27 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 28 Europe: Market Size, By Vertical, 2015–2022 (USD Million)
Table 29 Asia Pacific: Security Advisory Services Market Size, By Service Type, 2015–2022 (USD Million)
Table 30 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 31 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Million)
Table 32 Middle East and Africa: Market Size, By Service Type, 2015–2022 (USD Million)
Table 33 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 34 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 35 Latin America: Market Size, By Service Type, 2015–2022 (USD Million)
Table 36 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 37 Latin America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 38 Security Advisory Services Market: Ranking Analysis, 2017


List of Figures (26 Figures)

Figure 1 Global Security Advisory Services Market Segmentation
Figure 2 Global Market: Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Security Advisory Services, By Service Type (2017–2022)
Figure 7 Security Advisory Services, By Organization Size (2017–2022)
Figure 8 Security Advisory Services, By Vertical (2017–2022)
Figure 9 Security Advisory Services, By Region (2017–2022)
Figure 10 Rise in Security Breaches and Increased Sophistication Level of Cyber-Attacks are Expected to Boost the Security Advisory Services Market Growth
Figure 11 BFSI Vertical, and North America are Estimated to Have the Largest Market Shares in 2017
Figure 12 Ciso Advisory and Support Estimated to Have the Largest Market Shares in 2017
Figure 13 North America is Estimated to Have the Largest Market Share in 2017
Figure 14 Security Advisory Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Chief Information Security Officer Advisory and Support Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 16 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 17 Banking, Financial Services, and Insurance Vertical is Expected to Have the Largest Market Size During the Forecast Period
Figure 18 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 PWC: Company Snapshot
Figure 22 EY: Company Snapshot
Figure 23 Deloitte: Company Snapshot
Figure 24 KPMG: Company Snapshot
Figure 25 Kudelski Security: Company Snapshot
Figure 26 TCS: Company Snapshot

The security advisory services market is expected to grow from USD 5.77 Billion in 2017 to USD 13.57 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.7%.

The rise in security breaches and increased sophistication level of cyber-attacks are said to be the main drivers of the market. The security advisory services market is segmented by service type, organization size, vertical, and region. The security advisory services market by service type includes penetration testing, vulnerability management, risk management strategy, incident response, compliance management, security program development, Chief Information Security Officer (CISO) advisory and support. The CISO advisory and support service type in the market is expected to have the largest market size during the forecast period. The market for the service type segment is expected to be growing, as the individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are concerned about securing their network infrastructure.

The SMEs segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing incidences of data breaches on these enterprises, as well as, rise in the sophistication level of cyber-attacks. SMEs are small in terms of their size, but cater to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. However, the large enterprises segment is estimated to account for a larger share of the security advisory services market in 2017.

Security advisory services have been deployed across various verticals, including the government and public sector; Banking, Financial Services, and Insurance (BFSI); energy and power; government and public sector; healthcare; IT and telecommunication; transportation; and manufacturing, and others (travel and transportation, retail, and education). The government and public sector vertical is expected to witness the highest CAGR during the forecast period. However, the BFSI vertical is estimated to have the largest market size in 2017.

Security Advisory Services Market

The global security advisory services market has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. North America, followed by Europe, is estimated to become the largest revenue-generating region for the security advisory service providers in 2017. The increasing fraudulent activities in various industries is one of the key factors that is expected to fuel the growth of the market in North America. The APAC security advisory services market is said to be gaining traction, as it provides proactive security measures against the evolving data breach techniques. SMEs as well as large enterprises in the APAC region have become more aware of the increasing fradulent activities and started adopting security advisory services to combat them.

However, the budget constraints may restrict the security advisory services market growth. The major vendors that offer security advisory services across the globe are EY (UK), PwC (UK), eSentire (Canada), Kudelski Security (Switzerland), Novacoast (US), Security Compass (Canada), Deloitte (US), KPMG (UK), Delta Risk (US), TCS (India), CybeRisk (Israel), and Coalfire (US). These vendors have adopted various types of organic and inorganic growth strategies, such as new service launches, partnerships and collaborations, and acquisitions, to expand their offerings in the market.

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