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Security Advisory Services Market by Service Type, Organization Size, Vertical And Region - Global Forecast to 2022

Security Advisory Services Market: Global Forecast until 2022

  • November 2017
  • 106 pages
  • ID: 5206170
In this report:
THE GLOBAL SECURITY ADVISORY SERVICES MARKET IS EXPECTED TO GROW FROM USD ##,##.## MILLION IN 2017 TO USD ##,##.## BY 2022, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.
THE SECURITY ADVISORY SERVICES MARKET SIZE IS EXPECTED TO GROW FROM USD ##,##.## MILLION IN 2017 TO USD ##,##.## MILLION BY 2022, AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF ##.##% DURING THE FORECAST PERIOD.

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Increase in security breaches and gained sophistication level of cyber-attacks is predicted to push the security advisory services market

The security advisory services market size is forecasted to grow from ~$5.8B in 2017 to ~$13.6B by 2022, at a CAGR of 18.70 percent. The security advisory services market is influenced by factors, including the increase in security breaches and rised sophistication level of cyber-attacks, and strong regulations and compliance requirements. Nevertheless, high deployment cost of security advisory services is still a concern in front of the organizations. As well, lack of end-user knowledge about advanced threats is the biggest challenge for institutions.

The incident response service type is anticipated to rise at the maximal CAGR during the estimate period

The incident response service type is intended to have the maximal CAGR (Compound annual growth rate) during the outlook 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 several incident response service types contain incident response readiness assessment, incident record management and forensics, user behavior analytics, remediation and recovery, and containment. The occurrence of security breach across any area requires instant response. Therefore, the industry demand for incident response services to handle the security breaches is said to be gaining pace in the security advisory services market.

Government and public market vertical is anticipated to grow at the maximal compound annual growth rate (CAGR) during the estimate period

The public industry and government organizations are involved with info and info that are of critical nature. There has been a strong adoption of advanced technologies in the government and public market in the recent years. The applications used in the government and public industry are becoming the prime targets for cybercriminals to access the sensitive data. Accordingly, the government and public market vertical is said to be increasingly adopting security advisory services and is anticipated to grow at the highest CAGR (Compound annual growth rate) during the outlook period.

Asia-Pacific is forecasted to have the maximum growth rate during the estimate period

Asia Pacific (APAC) includes emerging economies, including India and China (CN), which are quickly deploying security advisory services. This is primarily due to an growth in sophistication of cyber-attacks in institutions. Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. Additionally, North America continent is projected to have the biggest industry size in 2017.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the security advisory services marketplace.

- By Company Type: Tier 1: 27.0 percent, Tier 2: 48.0 percent, and 1/3 3: 25.0 percent

- By Designation: C-Level: 30.0 percent, Director Level: 25.0 percent, and Others: 45.0 percent

- By area: North america (NA): 57.0 percent, Europe: 16.0 percent, APAC: 15.0 percent, and RoW: 12.0 percent

The analysis includes the study of main players offering security advisory services, including EY, PwC, eSentire, Kudelski Security, Novacoast, Security Compass, Deloitte, KPMG, Delta Risk, TCS, CybeRisk, and Coalfire. The market research includes exhaustive competitive study of these top actors in the security advisory services market, with their company descriptions, latest developments, and key industries strategies.

Segment Research

The industry report includes the security advisory services across several segments. It aims at evaluating the market value and the future increase potential of this market, across several segments, including service types, organization sizes, verticals, and localities. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions, main observations associated to product and business offerings, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global security advisory services market and the sub-segments. This industry report will facilitate partners distinguish the competitive landscape and obtain additional insights to better option their businesses and to plan suitable go-to-market approaches. The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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