The security advisory services market in Europe is expected to grow from US$ 2,992.8in 2018 to US$ 13,222.8 Mn by the year 2027 at a CAGR of 18.1% during the forecast period.
The unprecedented growth in the number of cyber-attacks has further led to an increased need for security solutions and services across enterprises which is likely to drive the security advisory service market in Europe region. End-to-end business process optimization, operational efficiency, reduction of cost, and human errors are some of the factors that are boosting the growth of digital transformation in any industry. Hence, the paradigm shifts of companies from traditional to digital and automated processes is likely to drive the security advisory service market.
The rising complexity and frequency of cyber-attacks has changed the security landscape and generated the need for establishing stringent regulations and frameworks which can tackle the fast changing cyber security landscape. Governments and regulators all across the world are trying to formulate effective laws, regulations, and compliances related to cyber security. However, these stringent rules and regulation are likely to drive the security advisory service market.
Europe security advisory services market is expected to grow at a good CAGR during the forecast period. SMEs are investing substantially in digital transformation to improve their operations and productivity. This trend of digitalization is also increasing the risks related to cyber security. To identify the vulnerabilities and to mitigate the risks of cyber-attacks, the demand for security advisory services is estimated to grow at an impressive rate among SMEs which is likely to boost the security advisory services market during the forecast period.
Rest of Europe Security Advisory Services Market Revenue and Forecasts to 2027 (US$ Mn)
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Europe Security Advisory Services Market–Segmentation
Europe Security Advisory Services Market By Function
- Pick & Place
- Palletizing and De-palletizing
- Transportation
- Packaging
Europe Security Advisory Services Market By Industry
- Healthcare
- E-Commerce
- Automotive
- Outsource Logistics
- Retail
- Consumer Goods
- Food and Beverages
- Others
Europe Security Advisory Services Market By Robot Type
- Robotic Arm
- AGV
- Collaborative Mobile Robots
- Others
Europe Security Advisory Services Market By Country
- Germany
- France
- Italy
- United Kingdom
- Russia
- Rest of Europe
Europe Security Advisory Services Market-Companies Mentioned
- Cisco Systems, Inc.
- PricewaterhouseCoopers International Limited (PWC)
- DXC Technology Company
- Tata Consultancy Services Limited
- Verizon
- Deloitte Touche Tohmatsu Limited
- KPMG International Cooperative
- Ernst & Young Ltd
- eSentire, Inc.
- Dimension Data Holdings PLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service Type, Enterprise Size, Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Security Advisory Services Market – By Service Type
1.3.2 Europe Security Advisory Services Market – By Enterprise Size
1.3.3 Europe Security Advisory Services Market – By Industry Vertical
1.3.4 Europe Security Advisory Services Market – By Country
2. Research Methodology
2.1 Coverage
2.2 Secondary Research
2.3 Primary Research
3. Key Takeaways
4. Europe Security Advisory Services Market – Key Industry Dynamics
4.1 Drivers
4.1.1 Challenging Environment for Enterprises Operating in Data Driven Industries
4.1.2 Enhancement of Overall Security Framework
4.1.3 Growth In The Number Of Compliance Requirements
4.2 Restraints
4.2.1 Unawareness About The Latest Advancements In The Cyber Space
4.3 Opportunities
4.3.1 Investment by SMEs in digital transformation
4.4 Future Trends
4.4.1 Hybrid Cloud Computing
4.5 Impact Analysis of Drivers and Restraints
5. Security Advisory Services Market Landscape
5.1 Market Overview
5.2 PEST Analysis
5.2.1 Europe PEST Analysis
5.3 Ecosystem Analysis
5.4 Expert Opinions
6. Security Advisory Services Market – Europe Market Analysis
6.1 Overview
6.2 Europe Security Advisory Services Market Revenue and Forecast to 2027 (US$ Mn)
7. Europe Security Advisory Services Market Analysis– By Service Type
7.1 Overview
7.2 Europe Security Advisory Services Market Breakdown, By Service Type, 2018 & 2027
7.3 CISO Advisory and Support
7.3.1 Overview
7.3.2 Europe CISO Advisory and Support Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Compliance Management
7.4.1 Overview
7.4.2 Europe Compliance Management Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Incident Response
7.5.1 Overview
7.5.2 Europe Incident Response Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Penetration Testing
7.6.1 Overview
7.6.2 Europe Penetration Testing Market Revenue and Forecast to 2027 (US$ Mn)
7.7 Security Risk Management
7.7.1 Overview
7.7.2 Europe Security Risk Management Market Revenue and Forecast to 2027 (US$ Mn)
7.8 Vulnerability Management
7.8.1 Overview
7.8.2 Europe Vulnerability Management Market Revenue and Forecast to 2027 (US$ Mn)
7.9 Security Program Management
7.9.1 Overview
7.9.2 Europe Security Program Management Market Revenue and Forecast to 2027 (US$ Mn)
8. Europe Security Advisory Services Market Analysis– By Enterprise Size
8.1 Overview
8.2 Europe Security Advisory Services Market Breakdown, By Enterprise Size, 2018 & 2027
8.3 Large Enterprises
8.3.1 Overview
8.3.2 Europe Large Enterprises Market Revenue and Forecast to 2027 (US$ Mn)
8.4 SMEs
8.4.1 Overview
8.4.2 Europe SMEs Market Revenue and Forecast to 2027 (US$ Mn)
9. Security Advisory Services Market Analysis– By Industry Vertical
9.1 Overview
9.2 Europe Security Advisory Services Market Breakdown, By Industry Vertical, 2018 & 2027
9.3 BFSI
9.3.1 Overview
9.3.2 Europe BFSI Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Government & Public Sector
9.4.1 Overview
9.4.2 Europe Government & Public Sector Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Manufacturing
9.5.1 Overview
9.5.2 Europe Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
9.6 IT & Telecom
9.6.1 Overview
9.6.2 IT & Telecom Market Revenue and Forecast to 2027 (US$ Mn)
9.7 Energy & Power
9.7.1 Overview
9.7.2 Europe Energy & Power Market Revenue and Forecast to 2027 (US$ Mn)
9.8 Healthcare
9.8.1 Overview
9.8.2 Europe Healthcare Market Revenue and Forecast to 2027 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Europe Others Market Revenue and Forecast to 2027 (US$ Mn)
10. Europe Security Advisory Services Market – Country Analysis
10.1 Europe Security Advisory Services Market, Revenue and Forecast to 2027
10.1.1 Overview
10.1.2 Europe Security Advisory Services Market Breakdown, by Country
10.1.2.1 UK Security Advisory Services Market, Revenue and Forecast to 2027
10.1.2.1.1 UK Security Advisory Services Market Breakdown, by Service Type
10.1.2.1.2 UK Security Advisory Services Market Breakdown, by Enterprise Size
10.1.2.1.3 UK Security Advisory Services Market Breakdown, by Industry Vertical
10.1.2.2 Germany Security Advisory Services Market, Revenue and Forecast to 2027
10.1.2.2.1 Germany Security Advisory Services Market Breakdown, by Service Type
10.1.2.2.2 Germany Security Advisory Services Market Breakdown, by Enterprise Size
10.1.2.2.3 Germany Security Advisory Services Market Breakdown, by Industry Vertical
10.1.2.3 France Security Advisory Services Market, Revenue and Forecast to 2027
10.1.2.3.1 France Security Advisory Services Market Breakdown, by Service Type
10.1.2.3.2 France Security Advisory Services Market Breakdown, by Enterprise Size
10.1.2.3.3 France Security Advisory Services Market Breakdown, by Industry Vertical
10.1.2.4 Russia Security Advisory Services Market, Revenue and Forecast to 2027
10.1.2.4.1 Russia Security Advisory Services Market Breakdown, by Service Type
10.1.2.4.2 Russia Security Advisory Services Market Breakdown, by Enterprise Size
10.1.2.4.3 Russia Security Advisory Services Market Breakdown, by Industry Vertical
10.1.2.5 Italy Security Advisory Services Market, Revenue and Forecast to 2027
10.1.2.5.1 Italy Security Advisory Services Market Breakdown, by Service Type
10.1.2.5.2 Italy Security Advisory Services Market Breakdown, by Enterprise Size
10.1.2.5.3 Italy Security Advisory Services Market Breakdown, by Industry Vertical
10.1.2.6 Rest of Europe Security Advisory Services Market, Revenue and Forecast to 2027
10.1.2.6.1 Rest of Europe Security Advisory Services Market Breakdown, by Service Type
10.1.2.6.2 Rest of Europe Security Advisory Services Market Breakdown, by Enterprise Size
10.1.2.6.3 Rest of Europe Security Advisory Services Market Breakdown, by Industry Vertical
11. Security Advisory Services Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 Cisco Systems, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 PricewaterhouseCoopers International Limited (PWC)
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DXC Technology Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Tata Consultancy Services Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Verizon
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Deloitte Touche Tohmatsu Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 KPMG International Cooperative
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ernst & Young Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 eSentire, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Dimension Data Holdings PLC (NTT Group)
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Security Advisory Services Market Revenue and Forecast to 2027 (US$ Mn)
Table 1. Europe Security Advisory Services Market Revenue and Forecast to 2027 – By Service Type (US$ Mn)
Table 1. Europe Security Advisory Services Market Revenue and Forecast to 2027 – By Enterprise Size (US$ Mn)
Table 2. Europe Security Advisory Services Market, Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 3. Europe Security Advisory Services Market, Revenue and Forecast to 2027 – By Country (US$ Mn)
Table 4. UK Security Advisory Services Market, Revenue and Forecast to 2027 – By Service Type (US$ Mn)
Table 5. UK Security Advisory Services Market, Revenue and Forecast to 2027 – Enterprise Size (US$ Mn)
Table 6. UK Security Advisory Services Market, Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 7. Germany Security Advisory Services Market, Revenue and Forecast to 2027 – By Service Type (US$ Mn)
Table 8. Germany Security Advisory Services Market, Revenue and Forecast to 2027 – Enterprise Size (US$ Mn)
Table 9. Germany Security Advisory Services Market, Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 10. France Security Advisory Services Market, Revenue and Forecast to 2027 – By Service Type (US$ Mn)
Table 11. France Security Advisory Services Market, Revenue and Forecast to 2027 – Enterprise Size (US$ Mn)
Table 12. France Security Advisory Services Market, Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 13. Russia Security Advisory Services Market, Revenue and Forecast to 2027 – By Service Type (US$ Mn)
Table 14. Russia Security Advisory Services Market, Revenue and Forecast to 2027 – Enterprise Size (US$ Mn)
Table 15. Russia Security Advisory Services Market, Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 16. Italy Security Advisory Services Market, Revenue and Forecast to 2027 – By Service Type (US$ Mn)
Table 17. Italy Security Advisory Services Market, Revenue and Forecast to 2027 – Enterprise Size (US$ Mn)
Table 18. Italy Security Advisory Services Market, Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 19. Rest of Europe Security Advisory Services Market, Revenue and Forecast to 2027 – By Service Type (US$ Mn)
Table 20. Rest of Europe Security Advisory Services Market, Revenue and Forecast to 2027 – Enterprise Size (US$ Mn)
Table 21. Rest of Europe Security Advisory Services Market, Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 22. Glossary of Term: Security Advisory Services Market
LIST OF FIGURES
Figure 1. Europe Security Advisory Services Market Segmentation
Figure 2. Europe Security Advisory Services Market Segmentation – Country
Figure 3. Europe Security Advisory Services Market Overview
Figure 4. CISO Advisory and Support Service Type Held the Largest Share in Europe Security Advisory Services Market (2018)
Figure 5. Large Enterprises Held the Largest Share in Europe Security Advisory Services Market (2018)
Figure 6. BFSI Represented the Largest Share in Europe Security Advisory Services Market (2018)
Figure 7. Europe Security Advisory Services Market, Industry Landscape
Figure 8. Europe Impact Analysis of Drivers and Restraints Pertaining to Security Advisory Services Market
Figure 9. Europe PEST Analysis
Figure 10. Europe Security Advisory Services Market Revenue and Forecast to 2027 (US$ Mn)
Figure 11. Europe Security Advisory Services Market Breakdown, By Service Type, 2018 & 2027 (%)
Figure 12. Europe CISO Advisory and Support Market Revenue and Forecast to 2027(US$ Mn)
Figure 13. Europe Compliance Management Market Revenue and Forecast to 2027(US$ Mn)
Figure 14. Europe Incident Response Market Revenue and Forecast to 2027(US$ Mn)
Figure 15. Europe Penetration Testing Market Revenue and Forecast to 2027(US$ Mn)
Figure 16. Europe Security Risk Management Market Revenue and Forecast to 2027(US$ Mn)
Figure 17. Europe Vulnerability Management Market Revenue and Forecast to 2027(US$ Mn)
Figure 18. Europe Security Program Management Market Revenue and Forecast to 2027(US$ Mn)
Figure 19. Europe Security Advisory Services Market Breakdown, By Enterprise Size, 2018 & 2027 (%)
Figure 20. Europe Large Enterprises Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Europe SMEs Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Europe Security Advisory Services Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 23. Europe BFSI Market Revenue and Forecast to 2027(US$ Mn)
Figure 24. Europe Government & Public Sector Market Revenue and Forecast to 2027(US$ Mn)
Figure 25. Europe Manufacturing Market Revenue and Forecast to 2027(US$ Mn)
Figure 26. Europe IT & Telecom Market Revenue and Forecast to 2027(US$ Mn)
Figure 27. Europe Energy & Power Market Revenue and Forecast to 2027(US$ Mn)
Figure 28. Europe Healthcare Market Revenue and Forecast to 2027(US$ Mn)
Figure 29. Europe Others Market Revenue and Forecast to 2027(US$ Mn)
Figure 30. Europe Security Advisory Services Market Breakdown, by Country, 2018 & 2027(%)
Figure 31. UK Security Advisory Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 32. Germany Security Advisory Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 33. France Security Advisory Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 34. Russia Security Advisory Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 35. Italy Security Advisory Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 36. Rest of Europe Security Advisory Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
The List of Companies - Europe Security Advisory Services Market
- Cisco Systems, Inc.
- PricewaterhouseCoopers International Limited (PWC)
- DXC Technology Company
- Tata Consultancy Services Limited
- Verizon
- Deloitte Touche Tohmatsu Limited
- KPMG International Cooperative
- Ernst & Young Ltd
- eSentire, Inc.
- Dimension Data Holdings PLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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