Global Security Advisory Services Market to Reach $26.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Security Advisory Services estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$26.1 Billion by 2027, growing at a CAGR of 18.5% over the analysis period 2020-2027. BFSI, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$9.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the IT & Telecom segment is readjusted to a revised 19.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 17.7% CAGR
The Security Advisory Services market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2027 trailing a CAGR of 17.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.4% and 15.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.
Government Segment to Record 20.1% CAGR
In the global Government segment, USA, Canada, Japan, China and Europe will drive the 19.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$986.8 Million in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2027.
Select Competitors (Total 38 Featured):
Amid the COVID-19 crisis, the global market for Security Advisory Services estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$26.1 Billion by 2027, growing at a CAGR of 18.5% over the analysis period 2020-2027. BFSI, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$9.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the IT & Telecom segment is readjusted to a revised 19.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 17.7% CAGR
The Security Advisory Services market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2027 trailing a CAGR of 17.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.4% and 15.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.
Government Segment to Record 20.1% CAGR
In the global Government segment, USA, Canada, Japan, China and Europe will drive the 19.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$986.8 Million in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2027.
Select Competitors (Total 38 Featured):
- Coalfire Systems, Inc.
- CybeRisk Security Solutions
- Deloitte Touche Tohmatsu Ltd.
- Delta Risk LLC
- Ernst & Young Global Limited
- eSentire Inc.
- KPMG International Cooperative
- Kudelski Security
- Novacoast
- PWC
- Security Compass
- Tata Consultancy Services Ltd.
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I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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