About Cyber Advisory Service
Cyber Advisory Service provides a clear understanding of cyber-attack and cyber-minded culture for an organization which helps more innovative, faster, stronger respond to cyber risks from end-to-end. This type of service helps companies to identify potential risks, spot cybersecurity weaknesses, without sacrificing business agility and innovation. It offers services like integrated risk management, privacy, and compliance assessment, cyber transformation service framework, etc. Cyber Advisory Service provides multi-cloud operations advisory, automation advisory, etc. services to the organization.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global cyber advisory service market is fragmented with the presence of various players. Companies offer integrated risk management, multi-cloud operations advisory, automation advisory, etc. services to the organization for better risk management. It helps enterprises to spot cybersecurity weaknesses and identify potential risks. Companies investing in the launch and enhancement of cyber security technology. The player is also participating in strategic activities like mergers and acquisitions to enhance their market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Flashpoint (United States), Optiv Security Inc. (United States), Deloitte (United Kingdom), Secureworks, Inc.( United States), BlackBerry Limited. (United States), Accenture. (Ireland), IBM (United States), Herjavec Group (United States), KPMG International (United States), CyberArk Software Ltd. (United States), Raytheon Technologies Corporation (United States), Mimecast Services Limited. (United Kingdom), Sophos Ltd. (United Kingdom), Infosys Limited (India), ABS Group of Companies, Inc. (United States) and Edgile, LLC. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cyber Advisory Service market by , Application (Large Enterprise, Small and Medium Enterprise and Government organizations) and Region.
On the basis of geography, the market of Cyber Advisory Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Cyber Advisory Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Feature, the sub-segment i.e. Integrated Risk Management will boost the Cyber Advisory Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cloud-based solutions for Cyber Advisory Service are Increasingly Used in the Various Organization
Market Growth Drivers:
Emerging digitalization in the enterprises needs Infrastructure Security and Growing Demand for Managed Security, Data Privacy and Protection among The Industries
Challenges:
Cutthroat competition among the Players in the Cyber Advisory Service Market and Lack of cybersecurity specialists hindering the Cyber Advisory Service Market
Restraints:
Regulatory Guidelines Associated with Cyber security May Restraint Cyber Advisory Service Market and Lack of cybersecurity awareness among businesses constraint the Market Growth
Opportunities:
Surging Investment and Spending’s by organizations on cyber security Infrastructure and Technology will Boost the Cyber Advisory Services
Market Leaders and their expansionary development strategies
On 20 December 2021, Information Technology (IT) major Wipro Ltd announced it has signed an agreement to acquire Texas-headquartered Edgile, a cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity. The acquisition will strengthen Wipro's leadership in strategic cybersecurity services and will also address the fast-growing demand for cybersecurity consulting among global 2,000 enterprises, the company said in a filing.
On April 29, 2021, ABS Consulting Inc. a leading global operational risk management company, launched an integrated new cybersecurity service designed to help organizations monitor, manage and reduce the growing threat of Operational Technology (OT) cyber-attacks.
Key Target Audience
Cyber Advisory Service Providers, Cyber Advisory Service Tools Developer, Research and Development Institutes, Cyber Advisory Service Potential Investors, Industry Associations, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.