North America Security Advisory Services Market Size, Share & Trends Analysis Report By Vertical, By Enterprise Size (Large Enterprises, and Small & Medium Enterprises), By Service Type, By Country and Growth Forecast, 2023 - 2030
The North America Security Advisory Services Market would witness market growth of 18.6% CAGR during the forecast period (2023-2030).
Cyber threats' escalating frequency and sophistication constitute a primary driver behind adopting security advisory services. High-profile data breaches, ransomware attacks, and other forms of cybercrime have underscored the vulnerabilities present in digital ecosystems. Regardless of size, organizations across industries realize the need for proactive measures to safeguard their digital assets and sensitive information. Adopting security advisory services becomes a strategic imperative to effectively identify, mitigate, and manage potential security risks. Cybercriminals continually evolve their tactics, techniques, and procedures to bypass traditional security measures. The increasing sophistication of cyberattacks, including advanced persistent threats (APTs) and zero-day exploits, necessitates a proactive and adaptive approach to cybersecurity.
Security advisory services bring expertise in understanding and countering evolving threats, helping organizations stay ahead of cyber adversaries. Organizations often engage with a network of suppliers, vendors, and partners in an interconnected business ecosystem. While these third-party relationships enhance business operations, they also introduce potential security risks. The need for effective third-party risk management drives the adoption of security advisory services. These services assess the cybersecurity posture of third parties, identify vulnerabilities, and recommend measures to mitigate associated risks.
Mexico is undergoing digital transformation across industries. For example, as per International Trade Administration, a new payment system utilizing QR (Quick Response) codes was introduced by Banxico, SHCP, and CNBV in January 2019. The Digital Charge (Cobro Digital or CODI) system is part of the government's aim to boost financial inclusion and minimize reliance on cash. CODI creates new opportunities for cybercriminals, such as phishing attacks, malware targeting QR code readers, and data breaches within the CODI ecosystem in Mexico. This necessitates increased security measures and expertise to mitigate these risks, driving the demand for security advisory services in Mexico. It can assist organizations in Mexico in implementing effective cybersecurity measures to safeguard data, addressing the growing risks of data breaches and cyber threats. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Security Advisory Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,452.4 Million by 2030. The Canada market is experiencing a CAGR of 21.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 20.2% during (2023 - 2030).
Based on Vertical, the market is segmented into BFSI, Government & Public Sector, Manufacturing, Healthcare, Energy & Utilities, IT & Telecom, and Others. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Service Type, the market is segmented into CISO Advisory & Support, Vulnerability Management, Incident Response, Security Risk Management, Compliance Management, and Penetration Testing. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Cisco Systems Inc.
- DXC Technology Company
- Deloitte Touche Tohmatsu Limited
- The Sage Group plc
- TATA Consultancy Services Ltd.
- Rapid7, Inc.
- Novacoast, Inc.
- Kudelski Group (Kudelski Security)
- eSentire Inc.
- KPMG International Limited
By Vertical
- BFSI
- Government & Public Sector
- Manufacturing
- Healthcare
- Energy & Utilities
- IT & Telecom
- Others
- Large Enterprises
- Small & Medium Enterprises
- CISO Advisory & Support
- Vulnerability Management
- Incident Response
- Security Risk Management
- Compliance Management
- Penetration Testing
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Security Advisory Services Market, by Vertical
- 1.4.2 North America Security Advisory Services Market, by Enterprise Size
- 1.4.3 North America Security Advisory Services Market, by Service Type
- 1.4.4 North America Security Advisory Services Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Sceario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Aug – 2024, Jan) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Security Advisory Services Market by Vertical
- 5.1 North America BFSI Market by Country
- 5.2 North America Government & Public Sector Market by Country
- 5.3 North America Manufacturing Market by Country
- 5.4 North America Healthcare Market by Country
- 5.5 North America Energy & Utilities Market by Country
- 5.6 North America IT & Telecom Market by Country
- 5.7 North America Others Market by Country
- Chapter 6. North America Security Advisory Services Market by Enterprise Size
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America Small & Medium Enterprises Market by Country
- Chapter 7. North America Security Advisory Services Market by Service Type
- 7.1 North America CISO Advisory & Support Market by Country
- 7.2 North America Vulnerability Management Market by Country
- 7.3 North America Incident Response Market by Country
- 7.4 North America Security Risk Management Market by Country
- 7.5 North America Compliance Management Market by Country
- 7.6 North America Penetration Testing Market by Country
- Chapter 8. North America Security Advisory Services Market by Country
- 8.1 US Security Advisory Services Market
- 8.1.1 US Security Advisory Services Market by Vertical
- 8.1.2 US Security Advisory Services Market by Enterprise Size
- 8.1.3 US Security Advisory Services Market by Service Type
- 8.2 Canada Security Advisory Services Market
- 8.2.1 Canada Security Advisory Services Market by Vertical
- 8.2.2 Canada Security Advisory Services Market by Enterprise Size
- 8.2.3 Canada Security Advisory Services Market by Service Type
- 8.3 Mexico Security Advisory Services Market
- 8.3.1 Mexico Security Advisory Services Market by Vertical
- 8.3.2 Mexico Security Advisory Services Market by Enterprise Size
- 8.3.3 Mexico Security Advisory Services Market by Service Type
- 8.4 Rest of North America Security Advisory Services Market
- 8.4.1 Rest of North America Security Advisory Services Market by Vertical
- 8.4.2 Rest of North America Security Advisory Services Market by Enterprise Size
- 8.4.3 Rest of North America Security Advisory Services Market by Service Type
- Chapter 9. Company Profiles
- 9.1 Cisco Systems, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 DXC Technology Company
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Recent strategies and developments:
- 9.2.4.1 Partnerships, Collaborations, and Agreements:
- 9.2.5 SWOT Analysis
- 9.3 Deloitte Touche Tohmatsu Limited
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Recent strategies and developments:
- 9.3.3.1 Partnerships, Collaborations, and Agreements:
- 9.3.3.2 Acquisition and Mergers:
- 9.3.4 SWOT Analysis
- 9.4 The Sage Group plc
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Tata Consultancy Services Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Rapid7, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.5.2 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 Novacoast, Inc.
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Partnerships, Collaborations, and Agreements:
- 9.7.3 SWOT Analysis
- 9.8 Kudelski Group (Kudelski Security)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Recent strategies and developments:
- 9.8.3.1 Product Launches and Product Expansions:
- 9.8.4 SWOT Analysis
- 9.9 eSentire Inc.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Partnerships, Collaborations, and Agreements:
- 9.9.3 SWOT Analysis
- 9.10. KPMG International Limited
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental Analysis
- 9.10.4 Recent strategies and developments:
- 9.10.4.1 Acquisition and Mergers:
- 9.10.5 SWOT Analysis
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