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OverviewThe security advisory services market is anticipated to grow by US$11.79 billion by 2023 rapidly growing at a CAGR of 17.6% during the forecast period 2018 to 2023.

The global security advisory services market is driven by increasing number of cyberattacks and adoption of cloud computing.

These factors have helped shape the security advisory services market and are expected to boost the growth.

Companies in the security advisory services market could also face challenges such as stringent risk and compliance issues.

The global market for security advisory services is also covered based on organization size segment which is further split into small and medium sized enterprises, and large enterprises.Factors like hyper-connectivity, emergence of IoT, and growing use of social media, support the security advisory services market growth.

The performance of the security advisory services market has also been studied for the past and current years.

It is much more than just a technology to streamline your business operations.

Cloud allows organizations to experiment with technology, develop new sectors, devise new distribution strategies, and carry out several other tasks related to the IT sector.

Here are some of the ways how the cloud can help in innovating your business.Capture the dataThe cloud advisory services allow you to capture new data easily.

Sell your dataAll of the businesses have a large amount of stored data to support their businesses, with some amount of data that can be put on record.

This data which is not confidential can be very valuable to others and they might be even willing to pay for acquiring this data.

This is why you need the help of cloud advisory services.

According to a research report "Security Advisory Services Market by Service Type (Penetration Testing, Vulnerability Management, Incident Response, Security Risk, Compliance Management, and CISCO Advisory and Support), Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global security advisory services market size is expected to grow from USD 7.8 billion in 2019 to USD 18.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period.

Increasing in push from regulatory bodies to maintain security posture to safeguard the crucial data and increase in the frequency of cyber-attack and increased sophistication in attacking techniques are the major factors driving the growth of the security advisory services market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100127547The CISO advisory and support segment is estimated to dominate the security advisory services market with the larger market size during the forecast periodChief Information Security Officer-as-a-Service (CISOaaS) or vCISO is a service where enterprises can avail comprehensive leadership in terms of information security from the pool of highly qualified technical resources.

The CISOaaS helps in forming strategies, technology integrator, monitors the process that prevents the threat and advises the board members about the strategic roadmap of security.

CISOaaS engagement involves activities, such as scoping, assessment, gap analysis, implementation, evaluation, and continual maintenance.

With the emerging trend of connected devices, large enterprises not only have to protect the systems and endpoints that are interconnected to the enterprise network but also have to defend the applications running on these endpoints.The BFSI vertical is expected to grow at a rapid pace, during the forecast periodThe BFSI vertical is one of the significant users of cybersecurity solutions as banks have a directory of personal and financial data of individuals and organizations.

This vertical frequently introduces new and improved financial products and services to enhance business operations, making it attractive for fraudsters to target sensitive customer information.