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Add to CartSecurity Advisory Services Market
By Service Type;
Vulnerability Management, Incident Response, Security Risk Management, Compliance Management and CISO Advisory & SupportBy Enterprise Type;
SMEs and Large EnterprisesBy Industry;
BFSI, Healthcare, Government, Manufacturing, Energy & Utility, IT & Telecom and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Security Advisory Services Market Overview
Security Advisory Services Market (USD Million)
Security Advisory Services Market was valued at USD 18,345.96 million in the year 2024. The size of this market is expected to increase to USD 63,470.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 19.4%.
Security Advisory Services Market
*Market size in USD million
CAGR 19.4 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 19.4 % |
| Market Size (2024) | USD 18,345.96 Million |
| Market Size (2031) | USD 63,470.33 Million |
| Market Concentration | Low |
| Report Pages | 352 |
Major Players
- Cisco
- DXC Technology
- KPMG
- Deloitte
- PwC
- TCS
- EY
- Verizon
- eSentire
- Rapid7
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Security Advisory Services Market
Fragmented - Highly competitive market without dominant players
The Security Advisory Services Market is experiencing robust growth as businesses seek specialized support to combat rising cybersecurity threats. With cyberattacks becoming more frequent and complex, around 70% of organizations are turning to professional advisors to fortify their digital defenses. These services play a pivotal role in identifying weaknesses, guiding security architecture, and ensuring a proactive approach to threat management.
Heightened Emphasis on Compliance and Risk Strategy
Stricter regulatory demands and evolving digital risks have made compliance-driven security strategies a priority. Today, over 60% of companies consult security experts to align with industry regulations and avoid data privacy violations. Advisory services help minimize financial and reputational risks by designing security frameworks that meet compliance standards efficiently.
Real-Time Intelligence Fuels Proactive Defense
A major trend shaping the market is the integration of real-time threat intelligence and advanced analytics into advisory offerings. Roughly 55% of organizations now prefer services that offer predictive insights and immediate incident response planning. This proactive model enables faster threat detection, improves situational awareness, and supports rapid mitigation strategies.
AI and Cloud Accelerate Advisory Innovation
Technological advancement is redefining how advisory services are delivered, with a strong focus on automation, artificial intelligence, and cloud-based platforms. Nearly 45% of providers now integrate smart tools that enable faster diagnostics, personalized strategies, and improved service delivery. This evolution is not only increasing operational efficiency but also making high-quality advisory services more accessible across industries.
Security Advisory Services Market Key Takeaways
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Market Size The global security advisory services market is estimated to be valued at USD 18.4 billion in 2025 and is projected to reach USD 58.8 billion by 2035, growing at a CAGR of 12.3% during the forecast period.
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Service Type Penetration testing is expected to dominate the market, accounting for 44.7% of the total revenue share in 2025.
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Organization Size Small and medium-sized enterprises (SMEs) are anticipated to lead the organization size segment, holding a 39.2% market share in 2025.
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Key Regions North America, Asia-Pacific, and Europe are identified as key growth regions for the security advisory services market.
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Market Drivers Increasing cyber threats, stringent regulatory requirements, and the growing need for digital transformation are driving the demand for security advisory services.
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Competitive Landscape Major players in the market include Cisco, DXC Technology, KPMG, Deloitte, PricewaterhouseCoopers, Tata Consultancy Services, Ernst & Young, Verizon, Rapid7, Dimension Data, eSentire Inc., Kudelski Security, NTT Security, ePlus, Coalfire, Novacoast, Inc., Security Compass, Sage Data Security, and Avalon Cyber.
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Future Outlook The market is expected to continue its growth trajectory, driven by advancements in cybersecurity technologies and the increasing need for organizations to protect their digital assets.
Security Advisory Services Market Recent Developments
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In January 2024, a new lightweight, corrosion-resistant marine propeller was introduced, designed to enhance fuel efficiency and overall performance for medium-sized commercial vessels. This innovation supports sustainable maritime operations by reducing energy consumption and improving propulsion effectiveness.
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In August 2019, DXC Technology acquired Syscom to strengthen its service management and security operations capabilities in Norway. With Syscom’s expertise in IT service management (ITSM) and cybersecurity, the acquisition enhances DXC’s ability to deliver advanced digital transformation and managed security solutions across the region.
Security Advisory Services Segment Analysis
In this report, the Security Advisory Services Market has been segmented by Service Type, Enterprise Type, Industry, and Geography.
Security Advisory Services Market, Segmentation by Service Type
The Service Type segmentation highlights how organizations are leveraging diverse security advisory solutions to mitigate cyber risks, strengthen infrastructure, and ensure compliance. Rising threats, increased digital transformation, and stringent data protection laws are driving the need for comprehensive security consultancy across industries. Providers are increasingly integrating AI-driven analytics and real-time monitoring to enhance incident readiness and compliance posture.
Vulnerability Management
This segment focuses on identifying, assessing, and mitigating security weaknesses across IT ecosystems. The growing sophistication of cyberattacks and the need for continuous monitoring are driving adoption. Organizations are investing in automated vulnerability scanning tools, achieving detection rates exceeding 85% efficiency in large-scale enterprises.
Incident Response
The Incident Response segment plays a vital role in minimizing the impact of cyber breaches. With increasing ransomware and data breach cases, companies are prioritizing rapid response capabilities and forensic analysis. Strategic partnerships between enterprises and managed security service providers (MSSPs) are boosting service reliability and operational resilience.
Security Risk Management
This segment encompasses services that help enterprises identify, evaluate, and manage security-related risks aligned with corporate objectives. Rising adoption of enterprise risk frameworks and governance compliance is strengthening its growth. Cloud adoption and third-party risk assessments continue to be key revenue drivers for this segment.
Compliance Management
The Compliance Management segment is propelled by stringent global data protection regulations such as GDPR and HIPAA. Enterprises are increasingly seeking advisory support to maintain adherence across complex IT environments. Continuous audits and automation in reporting are enhancing transparency and reducing operational burden.
CISO Advisory & Support
The CISO Advisory & Support segment addresses the growing demand for expert strategic guidance to align security goals with business priorities. Organizations lacking internal expertise often rely on external consultants for risk governance, policy formulation, and security leadership training. This segment is witnessing rising traction among mid-market and global enterprises alike.
Security Advisory Services Market, Segmentation by Enterprise Type
The Enterprise Type segmentation differentiates the market based on organizational scale and resource allocation for cybersecurity. Both small and large entities are emphasizing proactive defense, digital risk mitigation, and end-to-end security resilience strategies to safeguard operations in a rapidly evolving threat landscape.
SMEs
Small and Medium Enterprises (SMEs) are increasingly adopting outsourced security advisory solutions to overcome resource constraints and comply with industry standards. The segment’s growth is driven by rising phishing and ransomware attacks targeting smaller firms. Cloud-based advisory models and affordable compliance solutions are expanding accessibility for SMEs.
Large Enterprises
Large enterprises dominate the market share owing to their expansive IT infrastructure and higher risk exposure. These organizations are integrating AI-enabled risk assessment platforms and employing dedicated security consultants to ensure regulatory compliance and business continuity. Many multinational corporations allocate over 10% of IT budgets toward advisory and governance programs.
Security Advisory Services Market, Segmentation by Industry
Industry-based segmentation underlines sector-specific adoption trends shaped by regulatory frameworks, digital transformation pace, and security maturity. Each vertical exhibits distinct priorities—from protecting sensitive data to maintaining operational resilience against growing cyberthreats.
BFSI
The BFSI sector holds the largest share due to its emphasis on protecting financial data, digital payment channels, and customer trust. Increasing online banking and fintech expansion are fostering partnerships for fraud prevention and compliance advisory services. Implementation of advanced risk analytics tools continues to drive sectoral innovation.
Healthcare
Rising healthcare digitization and growing patient data protection needs are driving this segment. With stricter data privacy laws such as HIPAA, healthcare providers increasingly rely on security audits and breach management consulting. Cyberattacks on hospital networks have accelerated demand for robust advisory frameworks.
Government
Government institutions worldwide are investing heavily in cyber defense modernization and national security frameworks. The demand for advisory support is rising as agencies implement zero-trust architectures and cloud adoption strategies. Increased funding for critical infrastructure protection is expected to sustain growth momentum.
Manufacturing
The Manufacturing sector is witnessing increased adoption of cybersecurity advisory due to the rise of Industry 4.0 technologies. As IoT devices expand across production lines, vulnerability exposure is increasing. Advisory firms are providing risk management services for industrial control systems and supply chain security.
Energy & Utility
Energy and utility operators face mounting threats targeting grid infrastructure and operational technology systems. Advisory services are focused on resilience enhancement, compliance with NERC CIP standards, and critical asset protection. Investments in digital twins and predictive monitoring are enhancing operational security strategies.
IT & Telecom
The IT & Telecom industry relies on advanced security advisory support for safeguarding data centers, networks, and user information. Rapid 5G deployment and edge computing expansion are generating new advisory opportunities. Collaborations between telecom providers and cybersecurity firms are amplifying market penetration.
Others
This category includes sectors such as education, retail, and logistics that are increasingly prioritizing cybersecurity strategy development. The need for customized compliance frameworks and cyber risk assessment tools is boosting adoption across these industries.
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.
Regions and Countries Analyzed in this Report
North America
North America leads the global market, driven by strong cybersecurity regulations, a high number of enterprises, and frequent technological innovations. The U.S. and Canada dominate due to robust spending on cyber risk management and widespread adoption of cloud security advisory solutions across sectors like BFSI and healthcare.
Europe
Europe maintains substantial market share owing to stringent compliance frameworks such as GDPR and the NIS Directive. The region is characterized by increasing demand for cross-border data protection advisory and digital infrastructure modernization. Countries like Germany and the U.K. remain at the forefront of enterprise cybersecurity investments.
Asia Pacific
The Asia Pacific region is experiencing the fastest growth, propelled by rapid digitalization, expanding IT infrastructure, and rising cloud adoption. Increasing cyber incidents in markets such as India, China, and Japan are accelerating investment in managed security services and advisory programs for risk governance and compliance.
Middle East & Africa
Middle East & Africa is evolving with rising cybersecurity awareness and government-led initiatives to enhance digital resilience. Advisory demand is growing within critical sectors like energy, finance, and public administration. Investments in national cybersecurity frameworks
Security Advisory Services Market Forces
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.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Rise in cyber threats and breaches
- Regulatory pressure for data protection compliance
- Growing adoption of digital transformation initiatives
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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
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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
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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.
Security Advisory Services Market Competitive Landscape Analysis
Security Advisory Services Market is expanding rapidly as enterprises strengthen risk management and compliance frameworks in response to rising cyber threats. Companies are adopting strategies including collaboration, merger, and partnerships to broaden expertise. Over 60% of service providers focus on cloud security, while nearly 45% emphasize threat intelligence and governance solutions to drive long-term growth.
Market Structure and Concentration
The market shows moderate concentration, with top firms controlling more than 55% of share, while specialized consultancies contribute nearly 30% through niche services. Innovation in managed security and compliance solutions is reshaping the competitive balance. Continuous expansion into regulated industries requires adaptive strategies to strengthen positioning across diverse client bases.
Brand and Channel Strategies
Providers are enhancing brand recognition through diversified channel strategies, including direct enterprise engagement, reseller alliances, and cloud vendor partnerships. More than 65% of companies rely on global networks to scale service delivery. Strong branding around expertise, trust, and compliance drives consistent growth while building long-term customer relationships in competitive markets.
Innovation Drivers and Technological Advancements
Over 70% of market participants invest in technological advancements such as AI-driven risk assessment, automated compliance, and advanced analytics. Ongoing innovation strengthens real-time monitoring and predictive security. Increased collaboration with cybersecurity vendors and cloud providers supports growth, ensuring that advisory services remain aligned with evolving digital landscapes.
Regional Momentum and Expansion
North America accounts for above 45% of demand due to stringent compliance standards, while Europe and Asia-Pacific together represent nearly 40%. Vendors are pursuing expansion through regional hubs, regulatory partnerships, and localized consulting expertise. These strategies enable sustained growth while ensuring alignment with region-specific security requirements and regulations.
Future Outlook
The Security Advisory Services Market is set for strong growth, with over 65% of firms projecting increased adoption of risk management and compliance services. Continued innovation, deeper collaboration, and extended partnerships will shape competition. Emphasis on digital transformation, data protection, and regional expansion will define the long-term evolution of the market landscape.
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:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Service Type
- Market Snapshot, By Enterprise Type
- Market Snapshot, By Industry
- Market Snapshot, By Region
- Security Advisory Services Market Dynamics
- Drivers, Restraints and Opportunities
- 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
- Restraints
- Shortage of skilled cybersecurity professionals
- High service costs for small businesses
- Complexity in integrating with existing systems
- Lack of internal awareness and preparedness
- 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 adoptio
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Security Advisory Services Market, By Service Type, 2021 - 2031 (USD Million)
- Vulnerability Management
- Incident Response
- Security Risk Management
- Compliance Management
- CISO Advisory & Support
- Security Advisory Services Market, By Enterprise Type, 2021 - 2031 (USD Million)
- SMEs
- Large Enterprises
- Security Advisory Services Market, By Industry, 2021 - 2031 (USD Million)
- BFSI
- Healthcare
- Government
- Manufacturing
- Energy & Utility
- IT & Telecom
- Others
- Security Advisory Services Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Security Advisory Services Market, By Service Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Cisco
- DXC Technology
- KPMG
- Deloitte
- PwC
- TCS
- EY
- Verizon
- eSentire
- Rapid7
- Company Profiles
- Analyst Views
- Future Outlook of the Market