보안 자문 서비스 시장 규모 : 서비스 유형별, 조직 규모별, 최종 이용 업계별, 지역별(2024-2031년)

Security Advisory Services Market Valuation - 2024-2031

The rising complexity and frequency of cyber threats are driving up demand for security advisory services. In today's digital age, businesses and organizations are vulnerable to sophisticated cyberattacks such as ransomware, phishing, and data breaches which can cause considerable financial losses and reputational damage. As fraudsters deploy more sophisticated strategies, businesses recognize the importance of seeking competent advice to secure their digital assets by enabling the market to surpass a revenue of USD 16.55 Billion valued in 2023 and reach a valuation of around USD 66.31 Billion by 2031.

The regulatory landscape is growing more stringent as governments and industry bodies enact stronger data protection and privacy regulations. Organizations must have comprehensive security measures to comply with requirements such as Europe's General Data Protection Regulation (GDPR) and the United States' California Consumer Privacy Act (CCPA) by enabling the market to grow at a CAGR of 18.95% from 2024 to 2031.

Security Advisory Services Market: Definition/ Overview

Security advisory services are professional services provided by professionals to assist firms in protecting their digital assets, data, and overall IT infrastructure against cyber threats. These services include reviewing an organization's present security posture detecting potential weaknesses, and making strategic recommendations for improving cybersecurity measures.

Security consultancy services are becoming increasingly important for enterprises across industries as they navigate the complicated world of cybersecurity threats and regulatory compliance. One of the key applications for these services is risk assessment and management. Security advisers help firms discover potential vulnerabilities in their IT infrastructure estimate the likelihood and effect of various types of cyber threats, and implement risk mitigation solutions.

Security advisory services are expected to grow more important in the future as businesses and organizations face evolving and complicated security threats. With the rapid progress of technology, particularly in cloud computing, the Internet of Things (IoT), and artificial intelligence (AI), the cybersecurity landscape is getting more complex and difficult. As a result, the demand for specialist expertise offered by security advisory services is likely to rise.

Will the Rising Demand for Security as a Service among Enterprises Drive the Security Advisory Services Market?

The growing demand for security as a service (SECaaS) among organizations is a major driver of the security advisory services market. As enterprises increasingly appreciate the importance of strong cybersecurity measures, they are turning to SECaaS solutions to improve their security posture without the burden of managing complicated infrastructure in-house. This significant increase demonstrates the growing popularity of cloud-based security services among organizations of all sizes. Furthermore, the U.S. Bureau of Labor Statistics indicates that employment of information security analysts is anticipated to expand by 35% by 2021.

The increasing frequency and sophistication of cyber threats drive SECaaS adoption even more strongly. The FBI's 2021 Internet Crime Report indicated that the IC3 received 847,376 complaints in 2021, a 7% increase over 2020, with possible losses reaching $6.9 billion. This concerning trend emphasizes the necessity for modern security solutions and expert advising services. Furthermore, the National Institute of Standards and Technology (NIST) underlines the need for continuous monitoring and real-time security management, which SECaaS models can effectively provide. As businesses attempt to traverse this complicated threat landscape, they are increasingly turning to security advisory services to assist their SECaaS installations, enhance their security policies, and maintain compliance with changing requirements.

Will the High Cost of Security Advisory Services Hamper the Security Advisory Services Market?

The high cost of security advising services may hinder market expansion, particularly for smaller firms and organizations with restricted resources. Security consulting services which include risk assessments, compliance audits, and strategic cybersecurity assistance are frequently regarded as critical for mitigating the digital landscape's growing risks. However, the expenses of these services might be exorbitant for many businesses. Smaller organizations, in particular, may struggle to justify the investment, especially when weighed against other operational costs. This financial hardship may cause companies to delay or completely avoid investing in comprehensive security advisory services thus leaving them vulnerable to cyber assaults.

While the high cost is a barrier, it does not necessarily imply that the market will be severely hampered in the long run. Larger organizations which frequently have more complicated security requirements and larger budgets are likely to continue investing extensively in these services. Furthermore, the increasing frequency and severity of cyberattacks make it difficult for businesses to avoid the need for expert guidance, even if it comes at a premium cost. Despite cost worries, this necessity has the potential to propel the market ahead. Furthermore, if demand rises and more players enter the market, competition may result in more reasonable pricing models such as subscription-based or tiered offers making security advisory services more accessible to a broader spectrum of enterprises.

Category-Wise Acumens

Will the Increasing Regulatory Requirements for Data Protection and Cybersecurity Influence the Service Type Segment?

Penetration testing is the most common service kind. Penetration testing, also known as ethical hacking is critical for enterprises of all sizes because it replicates real-world intrusions and identifies and addresses vulnerabilities before bad actors exploit them. This proactive approach is highly respected since it provides a clear awareness of an organization's security vulnerabilities allowing them to prioritize and address these issues before they cause serious breaches or data loss. As cyber threats become more complex, the demand for penetration testing has increased making it a necessary component of any comprehensive cybersecurity plan. This tool not only assists in discovering vulnerabilities but also assesses the effectiveness of existing security measures giving enterprises actionable insights to improve their defenses.

Penetration testing is preferred because it provides rapid, measurable data that may be acted upon. Unlike other services, which may focus on larger assessments or long-term planning, penetration testing produces specific discoveries that firms may handle swiftly. This promptness is especially critical in today's fast-paced digital environment where new vulnerabilities and threats appear quickly. Furthermore, the increasing legal requirements for data protection and cybersecurity compliance in numerous businesses are driving up demand for penetration testing. Organizations are frequently required to conduct regular security assessments including penetration testing to meet regulatory requirements.

Will the Complex Cybersecurity Needs Drive Growth in the Organization Size Segment?

Large enterprises is projected to hold major share in the market. This dominance stems primarily from the rigorous cybersecurity requirements that larger enterprises face. Large businesses often have significant IT infrastructure, several business units, and a large amount of sensitive data making them excellent targets for cyberattacks. To properly manage these risks, comprehensive security advisory services are required including threat assessments, compliance audits, strategy planning, and incident response. Furthermore, major businesses frequently operate in regulated fields such as finance, healthcare, and energy, where strict security standards are required. This creates a high demand for professional security advisory services that may help clients meet regulatory obligations and protect their assets.

Large businesses typically have the financial capacity to invest in top-tier security services. They recognize that the cost of a big data leak, both financially and reputationally justifies the investment in strong security measures. As a result, they are more likely to work with top-tier security advice organizations that offer customized, high-quality services. These services frequently feature advanced threat detection, vulnerability management, and continuous monitoring which are crucial for protecting complex networks and systems. Furthermore, major corporations may employ specialist security teams who collaborate closely with external experts to design and manage comprehensive security programs.

Country/Region-wise Acumens

Will the Adoption of Technologies and Well-Developed IT Infrastructure Drive the Growth in the North American Region?

The adoption of new technologies and a well-developed IT infrastructure are important drivers of growth in North America's security advisory services market. The region's robust technological landscape marked by widespread digital transformation across industries drives up demand for cybersecurity knowledge and advisory services. One major reason is the rising usage of cloud computing. According to the United States Bureau of Labor Statistics, employment in cloud computing is expected to expand 15% between 2021 and 2031 substantially faster than the overall average. This expansion indicates an increased reliance on cloud services which mandates the need for specialized security advisory services to protect sensitive data and maintain compliance.

Furthermore, the increasing frequency and sophistication of cyber-attacks create a demand for security advising services. The FBI's Internet Crime Complaint Center received a record 847,376 cybercrime complaints in 2021 with possible losses exceeding $6.9 billion. This disturbing trend highlights the vital necessity for enterprises to seek competent security guidance to bolster their defenses. Another major driver of market expansion is North America's tough regulatory environment. The implementation and enforcement of data protection legislation, such as the California Consumer Privacy Act (CCPA) and Canada's Personal Information Protection and Electronic Documents Act (PIPEDA), forces firms to seek expert compliance advice. According to an ISACA survey, 47% of respondents identified regulatory compliance as a main impetus for their cybersecurity strategies.

Will the Increasing Number of Companies in the IT Sector Boost the Market in the Asia Pacific Region?

The Asia Pacific region is expected to experience significant growth in the security advisory services market driven primarily by the rapid expansion of the IT sector. An important driver is the growing number of IT companies in the region. According to the Asia Pacific Economic Cooperation (APEC), the digital economy in the Asia Pacific is estimated to be worth USD 3.1 Trillion by 2025 accounting for a sizable 25% of regional GDP. The multiplication of startups as well as the expansion of major tech enterprises are driving this increase. According to the National Association of Software and Service Companies (NASSCOM), 1,300 new technology firms were founded in India alone in 2019. Furthermore, China's IT industry revenue has surpassed 39.2 trillion yuan (approximately).

Cloud security advisory services are expected to be the fastest-growing segment in Asia Pacific's security advisory services market. This rise is being driven by the widespread usage of cloud computing across industries. According to Asia Cloud Computing Association research, cloud readiness in the Asia Pacific has improved dramatically with the region's average score rising from 56.1 in 2018 to 65.4 by 2020. Furthermore, the International Data Corporation (IDC) forecasts that public cloud spending in Asia Pacific (excluding Japan) will reach USD 124 Billion by 2025 with a compound annual growth rate (CAGR) of 28.8%. This transition to cloud infrastructure generates a pressing demand for specialized security advisory services to handle the unique difficulties of the cloud.

Competitive Landscape

The security advisory services market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the security advisory services market include:

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

Latest Developments

In January 2024, Cisco Systems Inc. partnered with Kyndryl, an IT services company specializing in managing and updating enterprise IT infrastructure. During this collaboration, both firms created two innovative security edge services to help clients improve their security measures and take proactive efforts to respond to and manage cyber incidents.

In February 2024, Deloitte Touche Tohmatsu Limited formed a relationship with ParaFlare, an advanced analytics platform aimed to improve financial services decision-making and operational efficiency. Deloitte's agreement enhances its commitment to offering sophisticated active cyber defense capabilities, protecting Australian businesses and organizations from rising cyber threats.

Security Advisory Services Market, By Category

• Service Type:
• Penetration Testing
• Risk Assessment
• Incident Response Planning
• Security Program Development
• Security Awareness Training
• Vulnerability Management
• Organization Size:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
• End-User Industry:
• IT and Telecommunications
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Government
• Retail
• Manufacturing
• Energy and Utilities
• Education
• Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Security Advisory Services Market, By Service Type

• Penetration Testing
• Risk Assessment
• Incident Response Planning
• Security Program Development
• Security Awareness Training
• Vulnerability Management

5. Security Advisory Services Market, By Organization Size

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

6. Security Advisory Services Market, By Industry Vertical

• IT and Telecommunications
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Government
• Retail
• Manufacturing
• Energy and Utilities

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Deloitte
• Ernst & Young (EY)
• KPMG
• PricewaterhouseCoopers (PwC)
• Cisco
• DXC Technology
• IBM
• Microsoft
• Rapid7
• Coalfire Systems
• Crowdstrike
• MacAfee
• Palo Alto Networks
• Symantec

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References