Security Advisory Services Market Revenue, Future Growth, Top Key Players, Trend Insights and Investment Opportunities Forecast to 2027, The Insight Partners

The global security advisory services market was valued US$ 8,846.5 million in 2018 and is expected to reach US$ 37,860.6 million by 2027, with a CAGR growth rate of 17.7% in the forecast period from 2019 to 2027. According to McAfee Labs Threats Report (2019), the ransomware attacks increased by 118% in the first quarter of 2019 and many new ransomwares are being detected at a regular basis. In general, most of the large scale cyber-attacks were focused on large enterprises and cyber criminals are using user-execution and spear-phishing file attachments to target the networks of these enterprises. In addition to the common attacks, the frequency of zero-day attacks is also increasing at a fast pace and cyber criminals are taking advantage of inadequate security systems employed by majority of enterprises globally. Hence, the need to understand potential threats, identify vulnerabilities, and take remedial steps to prevent & counter attacks is growing at a fast pace across enterprises. All these developments are expected to drive the growth of security advisory services market during the forecast period of 2019 to 2027.

Get Sample PDF Copy at @ https://www.theinsightpartners.com/sample/TIPRE00008346/?utm_source=OpenPR&utm_medium=10212

The Innovative Key Players Are:

•Cisco Systems, Inc
•PricewaterhouseCoopers International Limited (PWC)
•DXC Technology Company
•Tata Consultancy Services Limited
•Verizon
•Deloitte Touche Tohmatsu Limited
•KPMG International Cooperative
•Ernst & Young Ltd
•eSentire, Inc.
•Dimension Data Holdings PLC (NTT Group)

With rising trend of digital transformation among industries and increasing proliferation of connected devices among customers, the frequency and complexity of cyber-attacks is also growing at an unprecedented rate. The enterprises of all sizes, both large and SMEs are facing the threat of cyber-attacks. According to Gemalto, a digital security company, the number of data breaches rose 140% in the first half of 2018 in comparison to same time period in 2017 and more than 3 billion data records were compromised in these incidents. Similarly, according to CISCO's "SMB Cyber Security Report", around 53% of medium sized companies suffered some kind of data breach in more than 25 Countries.

On the basis of service type, the global security advisory services market is segmented into penetration testing, security program management, vulnerability management, incident response, compliance management, CISO advisory and support, and security risk management. The increasing digitalization across various industry verticals is resulting in rising susceptibility of businesses towards cyber-attacks. The rising sophistication and complexity of cyber-attacks is driving the demand for efficient security solutions and services among enterprises in diverse industry verticals such as BFSI, government, manufacturing, healthcare, and IT & telecom among others. All these factors are projected to drive the demand for security advisory services among enterprises of all sizes during the forecast period of 2019 to 2027.

Speak To Analyst @ https://www.theinsightpartners.com/speak-to-analyst/TIPRE00008346/?utm_source=OpenPR&utm_medium=10212

Enterprise Size Market Insight

In the digital age, security from both internal and external threats is one of the major concerns for organizations. The growing trend of process automation, digitalization, and adoption of cloud based solutions are some of the major factors that are driving the demand for security advisory services among large and small enterprises. There are various types of security advisory services offered by companies such as Deloitte, KPMG, PwC, and others. On the basis of enterprise size, the security advisory services market is segmented into small and medium enterprises (SMEs) and large enterprises. In this market study, small & medium enterprises (SMEs) are defined as companies that comprise of employees up to 500 and companies with more than 500 employees are defined as large enterprises. The growing awareness about cyber security among enterprises is anticipated to boost the growth of global security advisory services market during the forecast period of 2019 to 2027.

Industry Vertical Market Insight

With fast evolving technology landscape and growing adoption of cloud based solutions, today's organizations are going through a paradigm shift into the digital world. The increasing automation at the operational level is making companies more vulnerable to cyber-attacks and security breaches. In addition to this, the stringent compliance rules and regulations by governments are also pushing organization to invest in efficient security solutions. The security advisory services help organizations in institutionalizing their risk management and to increase their risk awareness. Enterprises of diverse sectors are investing heavily in advanced security solutions and services. On the basis of industry vertical, the global security advisory services market is segmented into BFSI, government & public sector, IT and telecom, healthcare, energy & power, manufacturing, and others. The others section includes industry verticals such as education & research and retail & ecommerce among others. The rising incidents of cyber-attacks across industries especially in government and BFSI sectors are expected to drive the demand for security advisory services during the forecast period of 2019 to 2027.

The research provides answers to the following key questions:

1.What is the estimated growth rate of the market for the forecast period 2020-2027? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Security Advisory Services market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Security Advisory Services market?
4. What are the prominent market trends influencing the development of the Security Advisory Services market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Security Advisory Services market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Click To Buy @ https://www.theinsightpartners.com/buy/TIPRE00008346/?utm_source=OpenPR&utm_medium=10212

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.