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Security Advisory Services Market Set to Reach US$41.4 Bn Valuation by End of 2032 – Future Market Insights, Inc.

Security Advisory Services Market Set to Reach US.4 Bn Valuation by End of 2032 – Future Market Insights, Inc.
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Security Advisory Services Market Set to Reach US.4 Bn Valuation by End of 2032 – Future Market Insights, Inc.

CISO advisory and support services register a CAGR of around 12% over the entire analysis period.

NEWARK, DE / ACCESSWIRE / Aug 11, 2022 / global Market for security advisory services was valued at $11.1 billion in 2021 and is expected to reach $41.4 billion by 2032, find Future Market Insights (FMI) in a recent market survey. According to the report finding, revenue generated through CISO Advice and Support grew at a CAGR of 19% during 2015-2021.

CISO advice and support will develop and implement an information security program, which is designed to protect valuable business information from internal and external threats.

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BFSI Vertical continues to be the axis of growth in revenue from security advisory services

Security advisory services are mostly used in BFSI verticals as they deal with a lot of sensitive information. The BFSI sector is rapidly emerging around the world, which has resulted in increased adoption of security advisory services in this vertical. BFSI vertical revenue grew at a CAGR of 19.1% from 2015 to 2021.

“The developers of Security Advisory Services are carrying out strategies such as mergers and acquisitions to increase their presence in the market. Some players are setting up new operating centers to specifically focus on regional markets.” comments an analyst from Future Market Insights.

Security Advisory Services Market: Competitor Insights

Currently, security advisory service providers are developing new service offerings and expanding their existing service offerings with the addition of new tools and modules.

Key companies operating in the security advisory services market include Cisco, DXC Technology, KPMG, Deloitte, PricewaterhouseCoopers (PwC), Tata Consultancy Services, Ernst & Young, Verizon, Rapid7, Dimension Data, eSentire Inc., Kudelski Security , NTT Security, ePlus, Coalfire, Novacoast, Inc., Security Compass, Sage Data Security, and Avalon Cyber.

Key recent developments from security advisory service developers are as follows:

  • In July 2022, Deloitte announced the expansion of its managed extended detection and response (MXDR) platform by adding four new modules for dynamic opponent intelligence, mobile device security, threat hunting and digital risk prevention. The platform also includes enhanced intelligence from the cybersecurity industry. The new MXDR expansion will help organizations take defensive measures against cyber attacks.
  • In June 2022, DXC Technologies announced a new advisory service for Australian state government agencies. The new service will help the government maximize the value and efficiency of Oracle technology and provide better techniques and advice across processes and technologies.
  • In June 2021, CISCO announced its CX Business Critical Services for Cloud at the ‘Future Cloud Event’. CX Business Critical Services for Cloud provide advisory services and insights to design, implement, secure and maximize digital change.

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  • In January 2020, CISCO released Cisco Cyber ​​Vision, an advanced threat detection powered by Cisco Talos. Cisco Cyber ​​Vision can detect and provide up-to-the-minute monitoring of cybersecurity risks to industrial processes and assets that impact uptime, production, and security.
  • In November 2019, DXC Technology announced the acquisition of Virtual Clarity, a provider of IT transformation consulting services as a service. The acquisition will help DXC Technology’s ability to assess, manage and design transformations to the cloud.
  • In June 2019, DXC Technology announced the opening of the DXC Innovation Center in London. The innovation center will help the company develop and deliver highly efficient solutions to customers.
  • In April 2019, DXC Technology launched the operation of its Next Generation Security Operations center in Malaysia to deal with cybersecurity threats in Asia. The new Security Operations Center helps improve the overall security of businesses by joining advanced security analytics across information technology and operations technology to provide better visibility and response to potential cyberattacks and threats. .

More information available

Future Market Insights, in its new offering, presents an unbiased analysis of the Security Advisory Services market, presenting historical market data (2015-2021) and forecast statistics for the period 2022-2032.

The study reveals a huge growth in the authentication and access control market in terms of service type (penetration testing, vulnerability management, security risk management, incident response, compliance management, security program management, CISO advice and support), by organization size (SMEs, large Enterprises), by Vertical (BFSI, Government and Public Sector, IT and Telecommunications, Health, Energy and Power, Manufacturing, Others), in five regions (North America , Asia Pacific, Europe, Middle East and Africa, and Latin America).

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in more than 150 countries. FMI is headquartered in Dubai with delivery centers in the UK, US and India.

FMI’s latest market research and industry analysis reports help companies face challenges and make critical decisions with confidence and clarity amid dizzying competition. Our custom, syndicated market research reports provide actionable insights that drive sustainable growth. A team of analysts led by experts at FMI continuously monitor emerging trends and events across a wide range of industries to ensure our clients prepare for the changing needs of their consumers.

Table of Contents

1. Executive Summary

1.1. World Market Outlook

1.2. Statistics Summary

1.3. Key characteristics and attributes of the market

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Assessment of trends and market risks

3.1. Risks evaluation

3.1.1. COVID-19 crisis and impact on security advisory services

3.1.2. Reference impact of COVID-19 with previous crises

3.1.3. Impact on Market Value (US$ Mn)

3.1.4. Evaluation by key countries

3.1.5. Evaluation by key market segments

To continue TOC…

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About us

Future market prospects (ESOMAR Certified Market Research Organization and member of the Greater New York Chamber of Commerce) provides detailed information on the factors driving the rise in market demand. Reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end use over the next 10 years.


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