Security Advisory Services Market - Global Forecast 2022

  • ID: 4426889
  • Report
  • Region: Global
  • 106 Pages
  • Markets and Markets
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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 CAGR of 18.7%

FEATURED COMPANIES

  • Coalfire
  • Deloitte
  • Esentire
  • KPMG
  • Novacoast
  • Security Compass
  • MORE

The security advisory services market size 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 security advisory services market is driven by factors, such as the rise in security breaches and increased sophistication level of cyber-attacks, and strong regulations and compliance requirements. However, high deployment cost of security advisory services is still a concern in front of the organizations. Furthermore, lack of end-user knowledge about advanced threats is the biggest challenge for organizations.

The incident response service type is expected to have the highest CAGR during the forecast period. Incident response refers to a set of abilities to respond to an attack or a security breach before or after it has occurred. The various incident response service types include incident response readiness assessment, incident record management and forensics, user behavior analytics, remediation and recovery, and containment. The occurrence of security breach across any region requires instant response. Thus, the demand for incident response services to handle the security breaches is said to be gaining pace in the security advisory services market.

The public sector and government organizations are involved with data and information that are of critical nature. There has been a strong adoption of advanced technologies in the government and public sector in the recent years. The applications used in the government and public sector are becoming the prime targets for cybercriminals to access the sensitive data. Therefore, the government and public sector vertical is said to be increasingly adopting security advisory services and is expected to grow at the highest CAGR during the forecast period.

Asia Pacific (APAC) includes emerging economies, such as India and China, which are rapidly deploying security advisory services. This is mainly due to an increase in sophistication of cyber-attacks in organizations. APAC is expected to grow at the highest CAGR during the forecast period. Furthermore, North America is estimated to have the largest market size in 2017.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the security advisory services marketplace.

  • By Company Type: Tier 1: 27%, Tier 2: 48%, and Tier 3: 25%
  • By Designation: C-Level: 30%, Director Level: 25%, and Others: 45%
  • By Region: North America: 57%, Europe: 16%, APAC: 15%, and RoW: 12%

The report includes the study of key players offering security advisory services, 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 report includes in-depth competitive analysis of these key players in the security advisory services market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The report covers the security advisory services across different segments. It aims at estimating the market size and the future growth potential of this market, across different segments, such as service types, organization sizes, verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall security advisory services market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Coalfire
  • Deloitte
  • Esentire
  • KPMG
  • Novacoast
  • Security Compass
  • MORE

1 Introduction
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
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

4 Premium Insights
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
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
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
7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.3 Large Enterprises

8 Security Advisory Services Market Analysis, By Vertical
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
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
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
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
12.1 Discussion Guide

List of 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

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

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  • Coalfire
  • Cyberisk
  • Deloitte
  • Delta Risk
  • EY
  • Esentire
  • KPMG
  • Kudelski Security
  • Novacoast
  • PWC
  • Security Compass
  • TCS
Note: Product cover images may vary from those shown
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