The global security advisory services market size is slated to garner monumental growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is projected to surpass a valuation of USD 14,612.7 million in 2023. It is predicted to hit a valuation of USD 46,753.3 million by 2033. The market is foreseen to thrive at a striking CAGR of 12.3% from 2023 to 2033.
The rapid technological advancement and development in IT infrastructure are driving the market expansion.
Attribute | Details |
---|---|
Market Share (2022) | USD 13,200.3 million |
Market Share (2023) | USD 14,612.7 million |
Market Share (2033) | USD 46,753.3 million |
Market Share (2023 to 2033) | 12.3% |
With the development of IT infrastructure every day, companies are implementing security advisory services aligned with their respective business models. Security advisory services help companies to identify and evaluate the potential threat in their system. Security advisory services enable organizations to frame the right security strategy against their business goals.
The rising demand for strong security regulations and compliance requirements is driving the security advisory market. Many companies implement periodic audits, which has anticipated fuelling the market expansion. The increase in demand for cloud solutions from enterprises to enhance performance is also driving the security advisory services market.
An effective cyberattack on a business can cause significant damage to the business. Security breaches in the company can cause financial, reputational, and legal consequences for them. A cyberattack in a company can cause the violation of private information of the customers, like their bank information and password.
Even companies are facing cyber-attacks and losing data related to their products and source codes, exposing the companies to larger financial risks. In order to tackle cyber-attacks, companies are implementing security advisory services for detecting and identifying if any breach is there or not in their system.
Security advisory services help companies identify potential risks, spot security weaknesses, and offer solutions to safeguard information and systems. The services and solutions against cyberattacks are driving the demand for security advisory services, fuelling the growth of the market. Furthermore, the developing IT infrastructure and technological advancement mayl also lead to the development of new malware and viruses, which mayl lead to the development of new security advisory services to tackle the effect of such malware, which mayl drive the growth of the security advisory services market in the coming years.
The increase in cyberattacks has motivated companies to invest in security advisory services. However, small and medium-sized enterprises are facing financial challenges to afford security advisory services to maintain security protocols. The high cost connected with security advisory services is restraining the market expansion.
The global security advisory services industry size developed at a CAGR of 10.2% from 2018 to 2022. In 2018, the global market size stood at USD 8,934.5 million. The market witnessed stunning growth in the following years, accounting for USD 13,200.3 million in 2022.
Security advisory services are used to protect and ensure a business's data integrity and security. Organizations use security advisory services to secure and protect data per industrial regulations. In addition, the adoption of cloud services is increasing among organizations, and new regulations are going to be formulated and enforced globally for data security in cloud services, which is expected to drive market expansion in the coming years.
The global security advisory services market is forecasted to record a CAGR of 12.3% and sales worth USD 46,753.3 million by the end of 2033. The United States is likely to continue to be the leading market for security advisory services throughout the analysis period accounting for over USD 9.8 billion absolute dollar opportunity in the coming 10-year epoch.
Historical CAGR (2018 to 2022) | 10.2% |
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Forecasted CAGR (2023 to 2033) | 12.3% |
The lack of budget to hire a dedicated CISO is driving the adoption of CISO advisory and support services among the SMEs, which is driving the segment. It is one of the most economical methods for managing risk and maintaining the information in the security system. However, SMEs are availing the services of virtual CISO (vCISO) to cut down on expenses which are further fuelling the growth of the segment.
The BFSI vertical is prone to cyber-attacks as they hold data associated with financial transactions and private information. For instance, in November 2021, Robinhood Markets Inc. reported a data breach in its server and mentioned that about 7 million users' personal information was compromised, and the culprit demanded payment from the company. The increasing cyber-attacks are raising the demand for well-developed and advanced security advisory services in the BFSI vertical, which is driving the growth of the segment.
The penetration testing segment under service type is predicted to gain impeccable growth in the coming years. As per FMI, the penetration testing segment captured 18.1% of global market shares in 2022. To preserve the privacy and security of sensitive data, governments, and regulatory organizations have implemented several kinds of data protection and cybersecurity laws. Organizations must abide by these rules, which frequently call for regular security evaluations like penetration testing. As businesses try to comply with regulations, the need for penetration testing services rises.
The large enterprise segment dominates the global market and is predicted to continue leading the market during the forecast period. As per FMI, the large enterprises segment captured 72.2% of global market shares in 2022. The potential financial loss and reputational harm that security breaches might cause are of greater concern to large businesses. They are aware that a safety breach may cause business interruption, financial loss, reputational harm to the brand, and legal repercussions.
Large businesses use security consulting services to identify vulnerabilities, implement efficient security measures, and create incident response plans that minimize the effects of security incidents while preserving business continuity.
North America held the leading share of the security advisory services market in 2022. The government policies and regulations related to data security in organizations are fuelling market growth in the region. The adoption of new technologies and well-developed IT infrastructure is boosting the adoption of security advisory services in the IT sector in North America.
The adoption of security advisory services is at a good pace among IT & Telecom industries as they help to improve and protect the data, enhance the working of the enterprises, and help to tackle the companies from cyber-attacks, which is expected to boost the demand for security advisory services over the forecast period.
Security Advisory Services in the Asia Pacific is anticipated to grow at the fastest rate over the forecast period. The developing IT sector and the increasing number of companies in the IT sector is the key factor driving the security advisory services market in this region.
China holds the leading share of the security advisory services market in Asia Pacific. The increasing cyber-attacks in the business vertical have boosted the adoption of security advisory services among them. Furthermore, in November 2021, the Cyberspace Administration of China (CAC) released a draft regulation on Network Data Security Management for public comment.
The draft regulations may strengthen the existing three laws- the Cybersecurity Law (CSL), the Data Security Law (DSL), and the Personal Information Protection Law (PIPL).
The draft regulation is an opportunity to boost the adoption of security advisory services in China, and many key players are using this opportunity to expand their services in the country. The security advisory services market in China is expected to reach a valuation of USD 2.9 billion by the end of the forecast period. In 2022, China occupied 10.3% shares in the global market.
The security advisory services market in the United States was valued at around USD 4 billion in 2021 and surpassed a valuation of USD 4.8 billion in 2022 end. The United States captured 16.2% of global market shares in 2022. The well-developed IT sector and government regulations for data encryption is the key driver fuelling the security advisory service market in the United States.
For example, in the United States, the Federal Information Processing Standards (FIPS), which is implemented by the National Institute of Standards and Technology (NIST), is a computer security program in which specific levels of cryptographic security are required for particular types of data. These Federal standards are applicable to organizations who use cryptography-based security systems to protect their data. The market in the United States is anticipated to reach a valuation of USD 14.6 billion by the end of 2033.
Countries | CAGR (2022) |
---|---|
United States | 16.2% |
United Kingdom | 8.2% |
China | 10.3% |
Japan | 3.3% |
India | 13.2% |
At present, security advisory services providers are developing new service offerings and expanding their existing service offerings with new tools and modules. The key companies operating in the security advisory services market include Cisco, DXC Technology, KPMG, Deloitte, PricewaterhouseCoopers (PwC), Tata Consultancy Services (TCS), Ernst & Young (EY), Verizon, Rapid7, Dimension Data, eSentire Inc., Kudelski Security, NTT Security, ePlus, Coalfire, Novacoast, Inc., Security Compass, Sage Data Security and Avalon Cyber.
Some recent developments by key providers of security advisory services are as follows:
Similarly, recent developments related to companies developing security advisory services have been tracked by the team at Future Market Insights, which is available in the full report.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million for Value |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East & Africa (MEA) |
Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
Key Segments Covered | Service Type, Organization Size, Vertical, Region |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Western Europe Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 15: Western Europe Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 16: Western Europe Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 28: East Asia Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Vertical, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 17: Global Market Attractiveness by Service Type, 2023 to 2033
Figure 18: Global Market Attractiveness by Organization Size, 2023 to 2033
Figure 19: Global Market Attractiveness by Vertical, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 37: North America Market Attractiveness by Service Type, 2023 to 2033
Figure 38: North America Market Attractiveness by Organization Size, 2023 to 2033
Figure 39: North America Market Attractiveness by Vertical, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Service Type, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Organization Size, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Vertical, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Western Europe Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 63: Western Europe Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 64: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Western Europe Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 71: Western Europe Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 74: Western Europe Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 77: Western Europe Market Attractiveness by Service Type, 2023 to 2033
Figure 78: Western Europe Market Attractiveness by Organization Size, 2023 to 2033
Figure 79: Western Europe Market Attractiveness by Vertical, 2023 to 2033
Figure 80: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: Eastern Europe Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 82: Eastern Europe Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 83: Eastern Europe Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 97: Eastern Europe Market Attractiveness by Service Type, 2023 to 2033
Figure 98: Eastern Europe Market Attractiveness by Organization Size, 2023 to 2033
Figure 99: Eastern Europe Market Attractiveness by Vertical, 2023 to 2033
Figure 100: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 101: South Asia and Pacific Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 103: South Asia and Pacific Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 117: South Asia and Pacific Market Attractiveness by Service Type, 2023 to 2033
Figure 118: South Asia and Pacific Market Attractiveness by Organization Size, 2023 to 2033
Figure 119: South Asia and Pacific Market Attractiveness by Vertical, 2023 to 2033
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: East Asia Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 122: East Asia Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 123: East Asia Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 124: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: East Asia Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 131: East Asia Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 134: East Asia Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 137: East Asia Market Attractiveness by Service Type, 2023 to 2033
Figure 138: East Asia Market Attractiveness by Organization Size, 2023 to 2033
Figure 139: East Asia Market Attractiveness by Vertical, 2023 to 2033
Figure 140: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 141: Middle East and Africa Market Value (US$ Million) by Service Type, 2023 to 2033
Figure 142: Middle East and Africa Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 143: Middle East and Africa Market Value (US$ Million) by Vertical, 2023 to 2033
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Service Type, 2018 to 2033
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Vertical, 2018 to 2033
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033
Figure 157: Middle East and Africa Market Attractiveness by Service Type, 2023 to 2033
Figure 158: Middle East and Africa Market Attractiveness by Organization Size, 2023 to 2033
Figure 159: Middle East and Africa Market Attractiveness by Vertical, 2023 to 2033
Figure 160: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The security advisory services market size reaches USD 14,612.7 million in 2023.
The security advisory services market is set to proliferate at a CAGR of 12.3% through 2033.
Given its profound cyber threat insights & proactive approach, penetration testing is gaining the maximum popularity.
Growing cyber threats, digitalization across sectors, and regulatory compliance are key drivers boosting the demand for security advisory services.
Key security advisory services market players include Cisco, KPMG, Deloitte, PricewaterhouseCoopers, Tata Consultancy Services, Ernst & Young, and others.
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