Security Advisory Services Market Insights & Forecast till 2024 | By Product, Distribution Channel, Region And Key Players | CAGR: 19.3%

Need to increase the agility of business processes without sacrificing security, increased sophistication level of cyber-attacks and need to adhere to regulatory compliances are the significant factors driving the growth of the market.

Law enforcement agencies are promoting the efficient and effective use of technology for protecting the individual and organizational data. For an organization, the data needs to be collected, stored, analyzed, and managed to report on the regulatory compliances, such as Gramm–Leach–Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS), and Sarbanes–Oxley (SOX).

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It is one of the most cost-effective ways to maintain the information security system and manage risk at the same time. CISOaaS engagement involves activities, such as scoping, assessment, gap analysis, implementation, evaluation, and continual maintenance. Furthermore, CISOaaS caters to preventative maintenance tasks which help in keeping the enterprises’ security posture under constant check.

Enterprises with an employee strength more than 1000 are considered as large enterprises. These large enterprises are early adopters of security measures, as they deploy many applications and hold massive amounts of customers’ confidential data.

Moreover, large enterprises have increased budgets for security measures as compared to SMEs. As these enterprises are large and have different types of IT infrastructures, they face the difficult task of effectively managing the security for several applications across the enterprise.

With the emerging trend of connected devices, large enterprises not only have to protect the systems and endpoints that are interconnected to the enterprise network but also have to defend the applications running on these endpoints.

The major microlearning vendors include Cisco (US), DXC Technologies (US), KPMG (UK), Deloitte (US), PwC (UK), TCS (India), EY (UK), Verizon (US), eSentire (Canada), Rapid7 (US), Dimension Data (South Africa), Kudelski Security (Switzerland), NTT Security (Japan), Sumeru (India), ePlus (US), Coalfire (US), Novacoast (US), Security Compass (Canada), Sage Data Security (US) and Avalon Cyber (US).