Security Advisory Services Market Segments and Growth by 2031

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Security Advisory Services Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Service Type (Penetration Testing, Security Program Management, Vulnerability Management, Incident Response, Compliance Management, CISO Advisory and Support, Security Risk Management); Enterprise Size (SMEs, Large Enterprises); Industry Vertical (IT and Telecom, Healthcare, Energy and Power, Manufacturing, BFSI, Government and Public Sector, Others) and Geography

  • Report Date : Oct 2025
  • Report Code : TIPRE00008346
  • Category : Technology, Media and Telecommunications
  • Status : Data Released
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150
Page Updated: Feb 2025

The security advisory services market size is projected to reach US$ 50.25 billion by 2031 from US$ 12.55 billion in 2023. The market is expected to register a CAGR of 18.9 % in 2023–2031. The demand for Internet of Things (IoT) security is likely to remain key security advisory services market trends.

Security Advisory Services Market Analysis

Various end-user sectors are adopting cybersecurity, data encryption, and information communication technologies at an increasing rate. Achieving scalability, protecting identities and transactions, lowering operational costs, decreasing downtime, and encrypting the sensitive data created are among the goals of these businesses, which include BFSI, communication and technology, and autos, among others. The need for efficient encryption solutions is rising as a result of the need to preserve digital signatures to stop data breaches. As a result, these factors are driving up demand for these solutions and supporting the expansion of the market.

Security Advisory Services Market Overview

Businesses can implement and comply with security rules with the help of security consultancy services. Security advice services are necessary for organizations to ensure that data and sensitive information are protected in accordance with industry standards and laws. As cloud services become more widely used and offer advantages like scalability and flexibility, new regulatory compliances are anticipated to be implemented worldwide. In order to fulfill the increasing demands for compliance, this is expected to result in a significant contribution from numerous security advisory service providers.

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Security Advisory Services Market: Strategic Insights

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Security Advisory Services Market Drivers and Opportunities

An increase in security incidents 

There has been an increase in demand for security consulting services, due to the frequency and severity of data breaches, security events, and cyberattacks. Governments and organizations seek assistance with incident forensic investigation, response, and implementing precautionary measures in an effort to ease the impact of security breaches.

Increasing Initiatives for Digital Transformation

With the undergoing digital transformation companies are running across new cybersecurity challenges. Various security consulting services are helping coordinate security plans with the digital transformation goals, and it ensures that emergent technologies are integrated securely.Therefore, the increasing initiatives for digital transformation is creating various opportunities for the security advisory services market.

Security Advisory Services Market Report Segmentation Analysis

Key segments that contributed to the derivation of the security advisory services market analysis are service type, enterprise size, and industry vertical.

  • Based on the service type, the security advisory services market is segmented into penetration testing, security program management, vulnerability management, incident response, compliance management, CISO advisory and support, and security risk management.
  • By enterprise size, the market is segmented into SMEs and large enterprises

    The large enterprises segment held a larger market share in 2023.
  • By industry vertical, the market is segmented into IT and telecom, healthcare, energy and power, manufacturing, BFSI, government and public sector, and others

Security Advisory Services Market Share Analysis by Geography

The geographic scope of the security advisory services market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, North America accounted for the largest security advisory services market share. The region is ascribed to the presence of top cybersecurity companies, strict legal requirements, and increased knowledge of cybersecurity threats. Because of its large investments in state-of-the-art security technologies and its large pool of competent cybersecurity workers, the area commands a significant portion of the industry.

Security Advisory Services Market Regional Insights

The regional trends and factors influencing the Security Advisory Services Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Security Advisory Services Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Security Advisory Services Market Report Scope

Report Attribute Details
Market size in 2023 US$ 12.55 Billion
Market Size by 2031 US$ 50.25 Billion
Global CAGR (2023 - 2031) 18.9%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Service Type
  • Penetration Testing
  • Security Program Management
  • Vulnerability Management
  • Incident Response
  • Compliance Management
  • CISO Advisory and Support
  • Security Risk Management
By Enterprise Size
  • SMEs
  • Large Enterprises
By Industry Vertical
  • IT and Telecom
  • Healthcare
  • Energy and Power
  • Manufacturing
  • BFSI
  • Government and Public Sector
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • DXC Technology Company
  • PricewaterhouseCoopers International Limited
  • Cisco Systems, Inc.
  • Tata Consultancy Services Limited
  • Verizon
  • Dimension Data Holdings PLC
  • eSentire, Inc.
  • Ernst & Young Ltd.
  • KPMGInternational Cooperative
  • Deloitte Touche Tohmatsu Limited

  • Security Advisory Services Market Players Density: Understanding Its Impact on Business Dynamics

    The Security Advisory Services Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.


    security-advisory-services-market-cagr

    • Get the Security Advisory Services Market top key players overview

    Security Advisory Services Market News and Recent Developments

    The security advisory services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

    • In February 2024, VMware released a security advisory to address multiple vulnerabilities in Aria Operations for Networks. A cyber threat actor could exploit one of these vulnerabilities to take control of an affected system. (Source: VMware, Press Release)
    • In September 2023, the partnership with Novacoast, the first Axon service provider, further strengthened security operations and ensured comprehensive protection. (Source: Novacoast, Press Release)

    Security Advisory Services Market Report Coverage and Deliverables

    The “Security Advisory Services Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles

    Frequently Asked Questions

    1
    What is the estimated market size for the global security advisory services market in 2023?
    The global security advisory services market was estimated to be US$ 12.55 billion in 2023 and is expected to grow at a CAGR of 18.9 % during the forecast period 2023 - 2031.
    2
    What are the driving factors impacting the global security advisory services market?
    An increase in security incidents and increasing initiatives for digital transformation are the major factors that propel the global security advisory services market.
    3
    What are the future trends of the global security advisory services market?
    The demand for Internet of Things (IoT) security is anticipated to play a significant role in the global security advisory services market in the coming years.
    4
    Which are the key players holding the major market share of the global security advisory services market?
    The key players holding majority shares in the global security advisory services market are DXC Technology Company, PricewaterhouseCoopers International Limited, Cisco Systems, Inc., Tata Consultancy Services Limited, and Verizon.
    5
    What will be the market size of the global security advisory services market by 2031?
    The global security advisory services market is expected to reach US$ 50.25 billion by 2031.
    Ankita Mittal
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    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
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