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The Global Security Advisory Services Market is expected to grow at a CAGR of around 20% during the forecast period. Growing requirement to enhance the responsiveness of business processes with no safety compromises is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, growing incidence of cyber espionage & increasing utilization of cyber security solutions in the BFSI sector is expected to bolster the growth of the market over the next few years.
The Global Security Advisory Services Market is segmented based on service type, enterprise size, vertical, company, and region. Based on service type, the market can be categorized into penetration testing, vulnerability management, risk management strategy, incident response, compliances management, security program development & chief information security officer advisory and support. Out of which, the security program development & chief information security officer advisory and support segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period as well as it helps organizations to form strategies and monitors the process for preventing cyber threat.
Based on the end-user industry, the market is fragmented into BFSI, IT and telecommunication, government and public sector, healthcare, energy and power, manufacturing and others. Among them, the BFSI segment is estimated to dominate the market through 2026 due to growing adoption of security advisory services in the end-user industry.
The major players operating in the Global Security Advisory Services Market are Cisco, DXC Technologies, KPMG, Deloitte, PwC, TCS, EY, Verizon, Kudelski Security, NTT Security and Others. The key market players are adopting some competitive strategies such as mergers & acquisitions, partnership, agreements in order to expand their geographic reach and to increase their customer basis.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze and estimate the market size of the Global Security Advisory Services Market from 2016 to 2019.
- To estimate and forecast the market size of the Global Security Advisory Services Market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast the Global Security Advisory Services Market based on service type, enterprise size, vertical, company and regional distribution.
- To identify dominant region or segment in the Global Security Advisory Services Market.
- To identify drivers and challenges for the Global Security Advisory Services Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Security Advisory Services Market.
- To conduct pricing analysis for the Global Security Advisory Services Market.
- To identify and analyze the profile of leading players operating in the Global Security Advisory Services Market.
- To identify key sustainable strategies adopted by market players in the Global Security Advisory Services Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of service providers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the hospitals/clinics which could not be identified due to the limitations of secondary research. The publisher analyzed the service providers and presence of all major players across the globe.
The publisher calculated the market size of the Global Security Advisory Services Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Security advisory services service provider
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to security advisory services
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global Security Advisory Services Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Security Advisory Services Market, By Service Type:
- Penetration Testing
- Vulnerability Management
- Risk Management Strategy
- Incident Response
- Compliances Management
- Security Program Development & Chief Information Security Officer Advisory and Support
Global Security Advisory Services Market, By Enterprise Size:
- Large Enterprises
- SMEs
Global Security Advisory Services Market, By Vertical:
- BFSI
- IT and Telecommunication
- Government and public sector
- Healthcare
- Energy and Power
- Manufacturing
- Others
Global Security Advisory Services Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Security Advisory Services Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cisco Systems, Inc.
- DXC Technologies Co.
- KPMG LLP
- Deloitte Touche Tohmatsu Limited
- PwC LLP
- Tata Consultancy Services Limited
- Ernst & Young LLP
- Verizon Communications Inc.
- NTT Security Corp.
