Regional Analysis
A geographical analysis of the global Security Advisory Services market is conducted for North America, Europe, Asia-Pacific, and the rest of
the world.
The North American market has been segmented into the US, Canada, and
Mexico. The regional market is expected to be the largest contributor to the Security
Advisory Services market during the forecast period. The high adoption of the
services in the region can be attributed to the presence of many key service
providers, fast adoption of new technologies, and the occurrence of the highest
number of cyber attacks. The US is the dominating country in terms of market
share while Canada is expected to grow at the highest CAGR during the forecast
period, 2018–2023.
In terms of market share, Europe is expected to be the second largest
region. The region has further been segmented into the UK, Germany, France, and
the rest of Europe. The presence of leading service providers, wide adoption of
advanced technologies, and stringent government regulations drive the Security
Advisory Services market in the region. In terms of market size, the UK is the
leading country while France is expected to witness the highest CAGR during the
forecast period.
The market in Asia-Pacific is expected to be the fastest-growing during
the forecast period, 2018-2023. The regional market has been segmented into
China, Japan, India, and the rest of Asia-Pacific. The countries in the region,
such as China, India, Japan, Singapore, and South Korea are expected to show a
fast adoption of Security Advisory Services in the upcoming years.
Growing economies in the Middle East & Africa and South America are
expected to show significant growth in terms of technology adoption, resulting
in the high demand for Security Advisory Services. These regions are expected
to offer numerous opportunities to the service providers as the services are
yet to be adopted in most of its countries.
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Market Highlights
The global Security Advisory Services market has also been segmented
based on service, organization size, and industry vertical.
By service, the market has been segmented into risk & compliance
management, security program development, incident management, penetration
testing, vulnerability management, and chief information security officer
(CISO) advisory and support. By services, the CISO advisory and support
services is expected to hold the largest share while the penetration testing
services segment is expected to grow at the highest CAGR during the forecast
period.
By organization size, the market has been segmented into large
enterprises and small & medium-sized enterprises (SMEs). Large enterprises
are expected to contribute the larger share while the SMEs segment is expected
to grow at the higher CAGR from 2018 to 2023.
Based on industry vertical, the market has been segmented into banking,
financial services, and insurance (BFSI), government & public sector,
healthcare, IT & telecom, manufacturing, energy & utilities, and others.
The BFSI segment is expected to be the largest contributor whereas the
manufacturing segment is expected to grow at the highest CAGR during the
forecast period.
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Key Players:
The key players
in Security Advisory Services market are Deloitte Touche Tohmatsu Limited (US),
Ernst & Young Global Limited (UK), KPMG International Cooperative
(Netherlands), PricewaterhouseCoopers Private Limited (UK), Coalfire Systems,
Inc. (US), CybeRisk (US), Cisco Systems, Inc. (US), Tata Consultancy Services Limited
(India), eSentire, Inc. (Canada), Security Compass (Canada), Novacoast, Inc.
(US), Kudelski Security (Switzerland), DXC Technology Company (US), Rapid7 LLC
(US), and Intertek Group PLC (UK).
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