• In August 2019, DXC Technology acquired Syscom, and this would enhance DXC Technology’s capabilities of service management and security operations in Norway. Syscom has expertise in security operations and ITSM.

• In August 2019, Deloitte and Splunk Inc. partnered to provide automated security monitoring and response capabilities that would help the organizations attain consistent security throughout the workflow and output.

In this report, the Security Advisory Services Market has been segmented by Service Type, Organization Size, Vertical, and Geography.

Security Advisory Services Market, Segmentation by Service Type

The Security Advisory Services Market has been segmented by Service Type into Penetration Testing, Vulnerability Management, Security Risk Management, Incident Response, Compliance Management, Security Program Management, and CISO Advisory & Support.

Penetration Testing

Penetration testing involves simulating real-world cyberattacks to discover vulnerabilities before hackers do. It plays a vital role in strengthening digital defenses. In fact, nearly 70% of enterprises conduct regular penetration tests to safeguard their systems against potential breaches.

Vulnerability Management

Vulnerability management is essential for identifying, prioritizing, and fixing software and system weaknesses. With 85% of cyber incidents linked to known but unpatched vulnerabilities, proactive vulnerability management is key to minimizing security risks.

Security Risk Management

Security risk management empowers organizations to evaluate cyber threats and develop strategies for risk mitigation. Approximately 68% of companies now follow a risk-based security model, ensuring resources are allocated to the most critical threats.

Incident Response

Incident response services help organizations quickly detect, respond to, and recover from cyberattacks. Companies with dedicated response teams report 60% faster recovery times, emphasizing the need for prepared and agile security operations.

Compliance Management

Compliance management helps businesses meet industry and government cybersecurity regulations. With over 40% of organizations facing penalties due to non-compliance, maintaining up-to-date practices is vital for operational and legal protection.

Security Program Management

Security program management ensures that all cybersecurity initiatives align with an organization's broader business goals. Given that 65% of firms operate without a unified security strategy, this service is crucial for cohesive and effective security governance.

CISO Advisory & Support

CISO advisory and support services provide expert leadership in shaping security policies and frameworks. About 55% of mid-sized companies depend on virtual or part-time CISOs to meet growing regulatory and cybersecurity challenges.

Security Advisory Services Market, Segmentation by Organization Size

The Security Advisory Services Market has been segmented by Organization Size into Small & Medium-Sized Enterprises and Large Enterprises.

Small & Medium-Sized Enterprises

Small and medium-sized enterprises face growing cyber threats, often without the internal resources to address them effectively. With 58% of SMEs ranking cybersecurity among their top challenges, advisory services provide much-needed expertise for risk assessment, regulatory compliance, and incident readiness—all within budget constraints.

Large Enterprises

Large enterprises rely on security advisory services to manage their expansive and complex IT environments. About 72% of these organizations engage external advisors for strategic planning, governance support, and compliance enforcement. These services are essential for maintaining resilience in the face of sophisticated cyber threats.

Security Advisory Services Market, Segmentation by Vertical

The Security Advisory Services Market has been segmented by Vertical into BFSI, Government & Public Sector, IT & Telecom, Healthcare, Energy & Power, Manufacturing, and Others.

BFSI

The BFSI (Banking, Financial Services, and Insurance) sector remains one of the most targeted by cybercriminals, with 75% of attacks driven by financial gain. Security advisory services help institutions strengthen their fraud prevention mechanisms, meet compliance standards like PCI DSS, and secure their growing digital ecosystems.

Government & Public Sector

Governments and public sector agencies face increasing cybersecurity threats targeting sensitive citizen data and infrastructure. With 65% of agencies reporting attempted breaches each year, advisory services play a key role in enhancing threat detection, data governance, and national cyber resilience.

IT & Telecom

IT and telecom companies operate at the heart of digital infrastructure, making them prime targets for advanced persistent threats. Over 70% of these firms now rely on advisory services to assess risks, design secure systems, and respond quickly to evolving cyber incidents.

Healthcare

The healthcare industry is under constant cyber risk due to the high value of patient health records. With 60% of healthcare providers facing data breach attempts, advisory services are essential for ensuring HIPAA compliance, securing medical devices, and protecting electronic health records.

Energy & Power

Cyberattacks on the energy and power sector pose major risks to national security and continuity of service. More than 55% of organizations in this space are investing in advisory services to safeguard operational technology (OT), meet industry regulations, and improve response to sophisticated threats.

Manufacturing

Manufacturers are adopting Industry 4.0 technologies, but this digital shift increases their vulnerability to cyberattacks. About 50% of manufacturers have integrated advisory services to secure automation systems, protect trade secrets, and manage cybersecurity risks across the supply chain.

Others

Sectors such as retail, education, transportation, and logistics are rapidly increasing cybersecurity investments. These "other" industries now make up nearly 40% of market demand for advisory services, driven by growing exposure to data privacy laws and digital threats.

Security Advisory Services Market, Segmentation by Geography

In this report, the Security Advisory Services Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Security Advisory Services Market Share (%), by Geographical Region

North America

North America dominates the global security advisory services landscape, contributing over 35% of the total market share. With robust digital infrastructures and widespread cyber awareness, businesses in the U.S. and Canada actively adopt advisory services for risk management, regulatory compliance, and advanced threat detection.

Europe

In Europe, stringent data protection laws like GDPR are fueling the adoption of security advisory services. Around 28% of companies across the region are investing in expert guidance to ensure data privacy, meet compliance obligations, and secure cross-border digital operations.

Asia Pacific

The Asia Pacific region is experiencing a surge in demand for cybersecurity advisory services, led by rapid digitalization in countries such as China, India, and Indonesia. With 25% of regional organizations prioritizing cyber resilience, this market is expected to see robust growth in the coming years.

Middle East and Africa

Middle East and African enterprises are increasingly turning to advisory services to combat targeted cyber threats and strengthen compliance efforts. Approximately 18% of businesses in the region are investing in services that address infrastructure security and industry-specific regulations.

Latin America

Latin America is steadily advancing its cybersecurity posture. With 15% of organizations adopting security advisory solutions, countries like Brazil and Mexico are leading regional efforts to enhance threat detection, regulatory adherence, and data protection.

This report provides an in depth analysis of various factors that impact the dynamics of Security Advisory Services Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Rise in cyber threats and breaches
• Regulatory pressure for data protection compliance
• Growing adoption of digital transformation initiatives

• Need for third-party security risk assessments - The increasing complexity of organizational IT environments has created a strong need for third-party security risk assessments. Companies are realizing that internal audits often miss critical vulnerabilities and compliance gaps, making it essential to involve independent cybersecurity experts for unbiased evaluations.

  Third-party assessments offer a fresh perspective, identifying hidden security loopholes and outdated protocols that may otherwise go unnoticed. These external evaluations play a crucial role in mitigating data breaches, financial losses, and reputational damage caused by cyber intrusions.

  Regulatory frameworks such as GDPR, HIPAA, and CCPA require companies to conduct regular independent security audits. Engaging security advisory firms ensures compliance while maintaining risk management best practices and fostering trust with stakeholders and customers.

  With rising threats and increasing digital transformation, organizations across sectors are turning to security advisory partners for proactive risk identification, incident response planning, and strategic security roadmap development.

Restraints

• Shortage of skilled cybersecurity professionals
• High service costs for small businesses
• Complexity in integrating with existing systems

• Lack of internal awareness and preparedness - Despite the rising need for cybersecurity, a major restraint in the market is the lack of internal awareness and preparedness. Many organizations, especially small to mid-sized enterprises, underestimate the importance of comprehensive cybersecurity strategies and rely on basic protections.

  This gap leads to misalignment between security goals and actual practices, leaving companies vulnerable to threats like phishing, ransomware, and insider attacks. Without proper training, even the best advisory solutions cannot be fully implemented or sustained internally.

  The absence of an internal security culture results in slow adoption of recommendations from advisory services. Lack of technical understanding often leads to resistance or delays in remediation efforts, diminishing the overall value of professional consultation.

  To counter this, security advisors must incorporate employee awareness programs and offer consultative support that bridges the gap between technical solutions and business objectives, making cybersecurity a shared responsibility across departments.

Opportunities

• Demand for cloud security advisory services
• Expansion in emerging digital-first economies
• Growth in managed security services market

• Advisory role in zero-trust architecture adoption - The shift towards zero-trust architecture (ZTA) presents a major opportunity for security advisory services. Organizations are moving beyond traditional perimeter defenses, embracing models that require continuous verification and access controls at every level of their IT ecosystems.

  Implementing ZTA requires a deep understanding of identity management, micro-segmentation, and secure network design—areas where advisory firms provide critical guidance. These services help organizations design customized frameworks aligned with regulatory mandates and business goals.

  Security advisors are increasingly being called upon to conduct maturity assessments, roadmap planning, and vendor evaluations to accelerate zero-trust adoption. Their involvement helps streamline transitions and avoid common pitfalls in complex IT environments.

  As hybrid work models and cloud infrastructures grow, the demand for advisory expertise in zero-trust strategy is poised to expand, positioning security firms as trusted partners in modern enterprise transformation.

Key players in Security Advisory Services Market include :

• Cisco
• DXC Technology
• KPMG
• Deloitte
• PwC
• TCS
• EY
• Verizon
• eSentire
• Rapid7

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Market Share Analysis
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis