Security Advisory Services Market Research Report – Global Forecast till 2023 Market Research Future published a research report on “Security Advisory Services Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Synopsis Globally, 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. The growth can be attributed to the growing complexity of the IT infrastructure of enterprises, an increasing number of cyber attacks, and the need to adhere to various government regulations. The adoption of cloud computing, social media, IoT, mobile computing, and hyper-connectivity have provided numerous digital business the opportunity to enhance the efficiency of their businesses; however, this has also made them more vulnerable byexposing them to a larger cyber-attack surface. 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. It also provides support in implementing a robust security infrastructure for the enterprise to protect its digital assets from advanced cyber-attacks. 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. The industry vertical has always been the most lucrative target for cybercriminals who aim at gaining huge monetary benefits quickly. 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.
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