Security Advisory Services

Security Advisory Services

Global Security Advisory Services Market to Reach US$47.1 Billion by 2030

The global market for Security Advisory Services estimated at US$18.9 Billion in the year 2023, is expected to reach US$47.1 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2023-2030. Security Advisory Services for Large Enterprises, one of the segments analyzed in the report, is expected to record a 11.4% CAGR and reach US$25.3 Billion by the end of the analysis period. Growth in the Security Advisory Services for SMEs segment is estimated at 17.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.1 Billion While China is Forecast to Grow at 13.0% CAGR

The Security Advisory Services market in the U.S. is estimated at US$5.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 13.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.3% and 11.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.

Global Security Advisory Services Market - Key Trends and Drivers Summarized

Security Advisory Services: Are They the Key to Navigating the Complex Cybersecurity Landscape?

Security advisory services are becoming increasingly vital for organizations as they navigate the complex cybersecurity landscape characterized by evolving threats and regulatory pressures. These services provide expert guidance on identifying vulnerabilities, assessing risks, and developing comprehensive cybersecurity strategies tailored to specific organizational needs. As cyber threats become more sophisticated and frequent, organizations across sectors such as finance, healthcare, retail, and government are seeking specialized advisory services to strengthen their security posture and ensure compliance with data protection regulations like GDPR, HIPAA, and CCPA. Security advisory services also include threat intelligence, incident response planning, and cybersecurity training to help organizations stay ahead of potential threats and minimize the impact of security breaches. With the rising focus on digital transformation and cloud adoption, security advisory services are becoming indispensable for enterprises looking to protect their digital assets and maintain business continuity.

How Are Technological Developments Shaping Security Advisory Services?
Technological advancements in threat intelligence, risk assessment, and incident response are significantly shaping the evolution of security advisory services. Modern security advisory firms are increasingly leveraging AI and ML to provide more accurate and proactive threat detection and risk assessment capabilities. These technologies enable the analysis of vast amounts of data to identify patterns and predict potential threats, helping organizations prioritize and mitigate risks more effectively. The integration of cloud-based platforms and tools is also enhancing the delivery of security advisory services, allowing for real-time collaboration, monitoring, and reporting. Additionally, advancements in threat intelligence platforms and cyber risk quantification models are providing organizations with more actionable insights to enhance their cybersecurity strategies. These technological developments are making security advisory services more dynamic, responsive, and aligned with the rapidly changing cybersecurity landscape.

Which Market Segments Are Driving the Adoption of Security Advisory Services?
The security advisory services market is segmented by service type, end-use industry, organization size, and region. Service types include risk management, compliance management, incident response, threat intelligence, and cybersecurity training. Risk management and compliance management are the largest segments, driven by the increasing need to comply with data protection regulations and manage cyber risks effectively. The financial services sector is a major adopter of security advisory services, given its high exposure to cyber threats and regulatory scrutiny. Other significant end-users include healthcare, government, energy, and retail sectors, where data security and risk management are critical. Large enterprises continue to be the primary users of security advisory services due to their complex IT environments and higher risk exposure. However, SMEs are also increasingly adopting these services to enhance their cybersecurity posture in a cost-effective manner.

What Are the Key Drivers of Growth in the Security Advisory Services Market?
The growth in the security advisory services market is driven by several factors, including the increasing frequency and sophistication of cyber attacks, the growing need for regulatory compliance, and the rising demand for digital transformation and cloud security strategies. The proliferation of advanced persistent threats (APTs) and targeted attacks is compelling organizations to seek expert guidance on risk management and threat mitigation. The expanding regulatory landscape, with stringent data protection laws, is driving the demand for compliance management and advisory services. Technological advancements in AI, ML, and threat intelligence are enhancing the effectiveness of security advisory services, making them more proactive and data-driven. The increasing adoption of cloud and digital technologies is also creating new opportunities for advisory services focused on securing cloud environments and digital assets. Additionally, the emphasis on employee training and awareness to combat human-related cyber risks is further supporting market growth.

Select Competitors (Total 11 Featured) -
  • Coalfire Systems, Inc.
  • CybeRisk Security Solutions
  • Deloitte Touche Tohmatsu Ltd.
  • Delta Risk LLC
  • Ernst & Young Global Limited
  • eSentire Inc.
  • KPMG International Cooperative
  • Kudelski Security
  • Novacoast
  • PWC
  • Security Compass
  • Tata Consultancy Services Ltd.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Security Advisory Services – Global Key Competitors Percentage Market Share in 2024 (E)
Global Economic Update
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Demand for Expert Guidance on Cybersecurity Risk Management Drives Market Growth
Increasing Need for Compliance with Data Protection Regulations Spurs Adoption of Advisory Services
Focus on Developing Comprehensive Cybersecurity Strategies Throws Spotlight on Security Advisory Services
Growth of Digital Transformation Initiatives Strengthens Business Case for Security Advisory Services
Technological Advancements in Threat Intelligence and Risk Assessment Propel Market Innovation
Increasing Use of Managed Security Services (MSS) for Continuous Monitoring Drives Market Adoption
Emergence of Specialized Advisory Services for Cloud Security Expands Market Opportunities
Rising Threat of Advanced Persistent Threats (APTs) Generates Demand for Advanced Security Advisory Solutions
Growing Emphasis on Security Awareness Training and Incident Response Planning Spurs Market Growth
Rising Investments in Cybersecurity Insurance and Risk Mitigation Strategies Drives Adoption
Shift Towards Integrated Security Advisory and Managed Security Service Offerings Expands Market Reach
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 2: World 7-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 3: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 4: World 7-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 5: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 6: World 7-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 7: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 8: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 9: World Recent Past, Current & Future Analysis for Energy & Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 10: World 7-Year Perspective for Energy & Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 11: World Recent Past, Current & Future Analysis for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 12: World 7-Year Perspective for Other Verticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 13: World Recent Past, Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 14: World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 15: World Recent Past, Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 16: World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 17: World Security Advisory Services Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
TABLE 18: World Recent Past, Current & Future Analysis for Security Advisory Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 19: World 7-Year Perspective for Security Advisory Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 20: USA Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 21: USA 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 22: USA Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 23: USA 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
CANADA
TABLE 24: Canada Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 25: Canada 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 26: Canada Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 27: Canada 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
JAPAN
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 28: Japan Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 29: Japan 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 30: Japan Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 31: Japan 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
CHINA
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 32: China Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 33: China 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 34: China Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 35: China 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
EUROPE
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 36: Europe Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 37: Europe 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 38: Europe Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 39: Europe 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
TABLE 40: Europe Recent Past, Current & Future Analysis for Security Advisory Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 41: Europe 7-Year Perspective for Security Advisory Services by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
FRANCE
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 42: France Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 43: France 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 44: France Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 45: France 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
GERMANY
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 46: Germany Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 47: Germany 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 48: Germany Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 49: Germany 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
ITALY
TABLE 50: Italy Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 51: Italy 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 52: Italy Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 53: Italy 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
UNITED KINGDOM
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 54: UK Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 55: UK 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 56: UK Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 57: UK 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
REST OF EUROPE
TABLE 58: Rest of Europe Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 59: Rest of Europe 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 60: Rest of Europe Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 61: Rest of Europe 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
ASIA-PACIFIC
Security Advisory Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 62: Asia-Pacific Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 63: Asia-Pacific 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 64: Asia-Pacific Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 65: Asia-Pacific 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
REST OF WORLD
TABLE 66: Rest of World Recent Past, Current & Future Analysis for Security Advisory Services by Vertical - BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 67: Rest of World 7-Year Perspective for Security Advisory Services by Vertical - Percentage Breakdown of Value Sales for BFSI, IT & Telecom, Government, Healthcare, Energy & Power and Other Verticals for the Years 2024 & 2030
TABLE 68: Rest of World Recent Past, Current & Future Analysis for Security Advisory Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 69: Rest of World 7-Year Perspective for Security Advisory Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
IV. COMPETITION

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