Market HighlightsMarket Research Future reports say the global security advisory services market would reach 11.79 billion of its expected detailed valuation by 2023, above its recent valuation of USD 5.24 billion.
The expected rate of growth for the market is calculated to be 17.6% CAGR during the years from 2018 to 2023.Market’s Key Driver & ChallengesThe story for the Security Advisory Services Market past years from now might be about its shift into something exceptional as the trading is a big thing for it.
The growth of the market is attributing to the rising complexity of the IT infrastructure of enterprises, rising cyber-attacks, as well as the need to adhere to various government regulations.
These factors have been influential to the market’s growth since past years which is still going on keeping the market on the right track of development.Apart from this, the factor of adoption of cloud computing, social media, IoT, hyper-connectivity, and mobile computing has also impacted the market with growth opportunities.
In this way, the market has got a substantial push which leads it towards gaining more valuation in the future.Furthermore, for enterprises, across the globe, the implementation of vigorous security solutions has become an important area to consider, which has solely helped the market to gain more prominence in the forecast period.
Such an outburst of the market has shown the fastest adoption of security advisory services, which is anticipated to continue in the next five years.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7601Key playersThe prominent 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).Segmentation.The global market for security advisory services has been segmented with respect to service, organization size and industry vertical.Depending on the service, the market segments are security program development, risk & compliance management, penetration testing, incident management, chief information security officer (CISO) advisory and support as well as vulnerability management.Given the organization size, the market has been divided into large enterprises as well as small & medium-sized enterprises (SMEs).Considering the industry vertical, the market caters to government & public sector, banking, financial services, and insurance (BFSI), IT & telecom, healthcare, energy & utilities, manufacturing, and others.Regional AnalysisThe market for security advisory services has been geographically segmented into Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW).North America is all set to take over the leading position in the global security advisory services market.