Security Advisory Services Market

1. Security Advisory Services Market to 2027 Global Analysis and Forecasts By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management, CISO Advisory and Support, Security Risk Management) The security advisory services market was valued at US$ 8.85 Bn in 2018 and is expected to grow at a CAGR of 17.7% from 2019 to 2027 to reach US$ 37.86 Bn by 2027.

2. Global Analysis and Forecasts By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management) The digitalization revolution around the world presents a massive opportunity for businesses to utilize digital technology and process automation in order to transform their business models and existing processes for increased operational efficiency and revenue. End-to-end business process optimization, operational efficiency, reduction of cost, and human errors are some of the factors that are boosting the growth of digital transformation in any industry. In the past few decades, the proliferation of connected devices, digital services, the internet of things (IoT), and artificial intelligence has increased exponentially.

3. Global Analysis and Forecasts By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management) The paradigm shift of companies from traditional to digital and automated processes is reaping many benefits for enterprises such as improved efficiency, reduced cost, and increased revenue opportunities. Digital transformation has become a critical requirement for the sustainable growth of any enterprise, owing to the growing demands of customers and rising industry competition. Despite offering many advantages, digitalization is also increasing the exposure of enterprises towards cyber-attacks. Government institutions, insurance companies, healthcare institutions, financial firms, and critical infrastructure organizations are some of the most targeted enterprises for cyber-attacks. Increasing risk of cyber-attacks drives the demand of security advisory services In the past few years, the complexity and frequency of cyber-attacks involving APTs, ransomware and other advanced malwares is growing at an unprecedented rate. This scenario is creating a challenging environment for enterprises operating in data driven industries such as government, BFSI, energy & power, IT & telecom, and healthcare. The unprecedented growth in the number of cyber-attacks has further led to an increased need for security solutions and services across enterprises.

4. Global Analysis and Forecasts By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management) Service Type Insights In service type segment, CISO advisory and support captured the largest share in the global security advisory services market. The CISO advisory and support services help enterprises to build a strong security framework and save costs by utilizing temporary CISO services. The CISO advisory and support service providers offer strategic guidance, budgeting input, project support, and presentations to the board of the client companies.

5. Global Analysis and Forecasts By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management) Strategic Insights Merger & acquisition strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in North America and Europe. The players present in the security advisory services market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally. Few of the recent acquisitions are listed below: 2020: Deloitte announced the acquisition of boutique cyber security consultancy SecurePath in Malaysia. This acquisition would help the company to accelerate its cyber risk services. 2018: In August 2018, Cisco Systems, Inc. acquired Duo Security, Inc., a US-based company. The company acquired Duo Security for US$ 2.35 Bn, which offers cloud-based tools to prevent security breaches on devices. This acquisition would enable Cisco to handle areas of concern for its customers, such as security.

6. Global Analysis and Forecasts By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management) • Company Profiles • DXC Technology Company • PricewaterhouseCoopers International Limited • Cisco Systems, Inc. • Tata Consultancy Services Limited • Verizon • Dimension Data Holdings PLC • eSentire, Inc. • Ernst & Young Ltd. • KPMG International Cooperative • Deloitte Touche Tohmatsu Limited

7. Security Advisory Services Market to 2027 - Global Analysis and Forecasts By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management, CISO Advisory and Support, Security Risk Management); Enterprise Size (SMEs, Large Enterprises); Industry Vertical (IT and Telecom, Healthcare, Energy and Power, Manufacturing, BFSI, Government and Public Sector, Others) Thank You Email :sales@theinsightpartners.com Phone : +1-646-491-9876