Market Highlights
Market 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 & Challenges
The 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. These factors have also provided numerous digital businesses the opportunity to enhance the efficiency of the companies. 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. Besides, as per the study conducted, the security advisory services have a wide adoption mainly in the BFSI industry vertical that has provided with lucrative chances for cybercriminals who aim at gaining huge monetary benefits quickly. 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.
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Key players
The 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 Analysis
The 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. The United States (US) along with Canada and Mexico have emerged as the most lucrative markets for security advisory services and the main reasons behind this can be the fast-paced adoption of the latest technologies among others. The regional market growth is also backed by the high number of cyber-attacks combined with the presence of a large number of renowned service providers. Elevated awareness about cyber risks as well as security breaches has boosted the scope of security advisory services since several companies are joining forces to utilize these services that can give them information as well as guidelines to safeguard their company from threats.
APAC has the most potential to gain the fastest growth rate in the global security advisory services market in the following years. Surging digitalization coupled with the expanding financial sector are some of the top factors contributing towards the market growth in the region. Increasing complexity in the IT infrastructure, rising number of cyber-attacks, and the requirement for sufficing compliance requirements are also projected to favor the market growth in the ensuing years.
Surging frequency of cyber espionage, high number of start-ups that provide cyber security, denial of service attacks, high demand for cyber security solutions in the BFSI sector and the elevated focus on customization of cyber security services has induced the growth of the security advisory services market in Europe.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Security Advisory Services Market, By Region, 2017–2023
Table 2 North America: Security Advisory Services Market, By Country, 2017–2023
Table 3 Europe: Security Advisory Services Market, By Country, 2017–2023
Table 4 Asia-Pacific: Security Advisory Services Market, By Country, 2017–2023
Table 5 Middle East & Africa: Security Advisory Services Market, By Country, 2017–2023
Table 6 Latin America: Security Advisory Services Market, By Country, 2017–2023
Table 7 Global Security Advisory Services Type Market, By Region, 2017–2023
Table 8 North America: Security Advisory Services Type Market, By Country, 2017–2023
Table 9 Europe: Security Advisory Services Type Market, By Country, 2017–2023
Table 10 Asia-Pacific: Security Advisory Services Type Market, By Country, 2017–2023
Continued…
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Security Advisory Services Market Research Report: By Service (Risk & Compliance Management, Security Program Development, Incident Management), Organization Size, and Industry Vertical (BFSI, Government, Healthcare) - Global Forecast till 2023Regional AnalysisA geographical analysis of the global security advisory services market is conducted for North America, Europe, Asia-Pacific, and the rest of the world.The North American market has been segmented into the US, Canada, and Mexico.
The high adoption of the services in the region can be attributed to the presence of many key service providers, fast adoption of new technologies, and the occurrence of the highest number of cyber attacks.
The region has further been segmented into the UK, Germany, France, and the rest of Europe.
The presence of leading service providers, wide adoption of advanced technologies, and stringent government regulations drive the security advisory services market in the region.
The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific.
The countries in the region, such as China, India, Japan, Singapore, and South Korea are expected to show a fast adoption of security advisory services in the upcoming years.Growing economies in the Middle East & Africa and South America are expected to show significant growth in terms of technology adoption, resulting in the high demand for security advisory services.
Market SynopsisGlobally, the security advisory services market is expected to grow from USD 5.24 billion to USD 11.79 billion by 2023 at the CAGR of 17.6% from 2018 to 2023.
For enterprises, the implementation of robust security solutions has become an important area to consider.A security advisory service enables enterprises to build a security strategy as per the business model and needs.
Major services that are offered as part of security advisory services includes security risk management, threat & vulnerability management, and guidance in implementing the security operations center (SOC).
Although, the service is gaining traction among enterprises of all scale, lack of awareness about various cyber threats and limited spending on cybersecurity areexpected to hinder the growth of the Security Advisory Services Market.Security advisory services have a wide adoption across the globe, particularly in the BFSI industry vertical.
In recent years, the manufacturing industry has also experienced a high frequency of cyber attacks, due to which, it is expected to show the fastest adoption of security advisory services in the next five years.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/7601Segmentation.The global security advisory services market has also been segmented based on service, organization size, and industry vertical.By service, the market has been segmented into risk & compliance management, security program development, incident management, penetration testing, vulnerability management, and chief information security officer (CISO) advisory and support.
By services, the CISO advisory and support services is expected to hold the largest share while the penetration testing services segment is expected to grow at the highest CAGR during the forecast period.By organization size, the market has been segmented into large enterprises and small & medium-sized enterprises (SMEs).
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
OverviewThe security advisory services market size 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 market and are expected to boost the growth.
Companies in the security advisory 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 share.
The performance of the security advisory market has also been studied for the past and current years.
