According to a new report, published by KBV research, The Global Security Advisory Services Market size is expected to reach $48.3 billion by 2030, rising at a market growth of 19.3% CAGR during the forecast period.
The Government & Public Sector segment is registering a CAGR of 20% during (2023 - 2030). Government & public sector are high-priority targets for cyber espionage. Security advisory services provide specialized guidance to detect and counteract cyber espionage attempts, protecting sensitive government information and intellectual property. As government & public sector adopt cloud technologies, security advisory services guide securing government cloud environments, ensuring data protection and compliance with security standards. Government & public sector handle classified information that requires the highest level of security. Security advisory services assist in implementing stringent controls, encryption, and access management to protect classified data.
The Large Enterprises segment is leading the Global Security Advisory Services Market by Enterprise Size in 2022; thereby, achieving a market value of $34.4 billion by 2030. Large enterprises deal with a wide range of cybersecurity risks. Security advisory services specialize in comprehensive risk management, conducting thorough assessments, identifying vulnerabilities, and prioritizing risks based on their potential impact. This proactive approach ensures that large enterprises can effectively mitigate and manage risks. Large enterprises often require a strategic alignment of cybersecurity measures with overall business objectives. Security advisory services contribute by developing cybersecurity strategies that support large enterprises' business goals and growth plans, ensuring a harmonized approach to security.
The Incident Response segment is experiencing a CAGR of 19.8% during (2023 - 2030). Incident response services enable organizations to identify and contain security incidents quickly. This swift response is critical in preventing the escalation of cyber threats and limiting potential damage to systems, data, and networks. Incident response plans involve training and awareness programs for employees. Security advisory services enhance staff’s cybersecurity awareness, ensuring they understand their roles in incident response and are well-prepared to recognize and report potential security incidents.
Full Report: https://www.kbvresearch.com/security-advisory-services-market/
The Asia Pacific region dominated the Global Security Advisory Services Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.9 Billion by 2030. The North America region is poised to grow a CAGR of 6.9% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 7.4% during (2023 - 2030).
By Vertical
By Enterprise Size
By Service Type
By Geography
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