The North America Security Advisory Services Market would witness market growth of 18.6% CAGR during the forecast period (2023-2030).
Cyber threats' escalating frequency and sophistication constitute a primary driver behind adopting security advisory services. High-profile data breaches, ransomware attacks, and other forms of cybercrime have underscored the vulnerabilities present in digital ecosystems. Regardless of size, organizations across industries realize the need for proactive measures to safeguard their digital assets and sensitive information. Adopting security advisory services becomes a strategic imperative to effectively identify, mitigate, and manage potential security risks. Cybercriminals continually evolve their tactics, techniques, and procedures to bypass traditional security measures. The increasing sophistication of cyberattacks, including advanced persistent threats (APTs) and zero-day exploits, necessitates a proactive and adaptive approach to cybersecurity.
Security advisory services bring expertise in understanding and countering evolving threats, helping organizations stay ahead of cyber adversaries. Organizations often engage with a network of suppliers, vendors, and partners in an interconnected business ecosystem. While these third-party relationships enhance business operations, they also introduce potential security risks. The need for effective third-party risk management drives the adoption of security advisory services. These services assess the cybersecurity posture of third parties, identify vulnerabilities, and recommend measures to mitigate associated risks.
Mexico is undergoing digital transformation across industries. For example, as per International Trade Administration, a new payment system utilizing QR (Quick Response) codes was introduced by Banxico, SHCP, and CNBV in January 2019. The Digital Charge (Cobro Digital or CODI) system is part of the government's aim to boost financial inclusion and minimize reliance on cash. CODI creates new opportunities for cybercriminals, such as phishing attacks, malware targeting QR code readers, and data breaches within the CODI ecosystem in Mexico. This necessitates increased security measures and expertise to mitigate these risks, driving the demand for security advisory services in Mexico. It can assist organizations in Mexico in implementing effective cybersecurity measures to safeguard data, addressing the growing risks of data breaches and cyber threats. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Security Advisory Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,452.4 Million by 2030. The Canada market is experiencing a CAGR of 21.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 20.2% during (2023 - 2030).
Free Valuable Insights: The Security Advisory Services Market is Predict to reach USD 48.3 billion by 2030, at a CAGR of 19.3%
Based on Vertical, the market is segmented into BFSI, Government & Public Sector, Manufacturing, Healthcare, Energy & Utilities, IT & Telecom, and Others. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Service Type, the market is segmented into CISO Advisory & Support, Vulnerability Management, Incident Response, Security Risk Management, Compliance Management, and Penetration Testing. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Cisco Systems Inc.
- DXC Technology Company
- Deloitte Touche Tohmatsu Limited
- The Sage Group plc
- TATA Consultancy Services Ltd.
- Rapid7, Inc.
- Novacoast, Inc.
- Kudelski Group (Kudelski Security)
- eSentire Inc.
- KPMG International Limited
North America Security Advisory Services Market Report Segmentation
By Vertical
- BFSI
- Government & Public Sector
- Manufacturing
- Healthcare
- Energy & Utilities
- IT & Telecom
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Service Type
- CISO Advisory & Support
- Vulnerability Management
- Incident Response
- Security Risk Management
- Compliance Management
- Penetration Testing
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Security Advisory Services Market, by Vertical
1.4.2 North America Security Advisory Services Market, by Enterprise Size
1.4.3 North America Security Advisory Services Market, by Service Type
1.4.4 North America Security Advisory Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Sceario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Aug – 2024, Jan) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. North America Security Advisory Services Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America Government & Public Sector Market by Country
5.3 North America Manufacturing Market by Country
5.4 North America Healthcare Market by Country
5.5 North America Energy & Utilities Market by Country
5.6 North America IT & Telecom Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Security Advisory Services Market by Enterprise Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America Security Advisory Services Market by Service Type
7.1 North America CISO Advisory & Support Market by Country
7.2 North America Vulnerability Management Market by Country
7.3 North America Incident Response Market by Country
7.4 North America Security Risk Management Market by Country
7.5 North America Compliance Management Market by Country
7.6 North America Penetration Testing Market by Country
Chapter 8. North America Security Advisory Services Market by Country
8.1 US Security Advisory Services Market
8.1.1 US Security Advisory Services Market by Vertical
8.1.2 US Security Advisory Services Market by Enterprise Size
8.1.3 US Security Advisory Services Market by Service Type
8.2 Canada Security Advisory Services Market
8.2.1 Canada Security Advisory Services Market by Vertical
8.2.2 Canada Security Advisory Services Market by Enterprise Size
8.2.3 Canada Security Advisory Services Market by Service Type
8.3 Mexico Security Advisory Services Market
8.3.1 Mexico Security Advisory Services Market by Vertical
8.3.2 Mexico Security Advisory Services Market by Enterprise Size
8.3.3 Mexico Security Advisory Services Market by Service Type
8.4 Rest of North America Security Advisory Services Market
8.4.1 Rest of North America Security Advisory Services Market by Vertical
8.4.2 Rest of North America Security Advisory Services Market by Enterprise Size
8.4.3 Rest of North America Security Advisory Services Market by Service Type
Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 DXC Technology Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.5 SWOT Analysis
9.3 Deloitte Touche Tohmatsu Limited
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Recent strategies and developments:
9.3.3.1 Partnerships, Collaborations, and Agreements:
9.3.3.2 Acquisition and Mergers:
9.3.4 SWOT Analysis
9.4 The Sage Group plc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Tata Consultancy Services Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Rapid7, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Novacoast, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.3 SWOT Analysis
9.8 Kudelski Group (Kudelski Security)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Recent strategies and developments:
9.8.3.1 Product Launches and Product Expansions:
9.8.4 SWOT Analysis
9.9 eSentire Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.3 SWOT Analysis
9.10. KPMG International Limited
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 Recent strategies and developments:
9.10.4.1 Acquisition and Mergers:
9.10.5 SWOT Analysis
TABLE 1 North America Security Advisory Services Market, 2019 - 2022, USD Million
TABLE 2 North America Security Advisory Services Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Security Advisory Services Market
TABLE 4 Product Launches And Product Expansions– Security Advisory Services Market
TABLE 5 Acquisition and Mergers– Security Advisory Services Market
TABLE 6 North America Security Advisory Services Market by Vertical, 2019 - 2022, USD Million
TABLE 7 North America Security Advisory Services Market by Vertical, 2023 - 2030, USD Million
TABLE 8 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 9 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Government & Public Sector Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Government & Public Sector Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 18 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 19 North America IT & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Security Advisory Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 23 North America Security Advisory Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 24 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Small & Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Security Advisory Services Market by Service Type, 2019 - 2022, USD Million
TABLE 29 North America Security Advisory Services Market by Service Type, 2023 - 2030, USD Million
TABLE 30 North America CISO Advisory & Support Market by Country, 2019 - 2022, USD Million
TABLE 31 North America CISO Advisory & Support Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Vulnerability Management Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Vulnerability Management Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Incident Response Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Incident Response Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Security Risk Management Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Security Risk Management Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Compliance Management Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Compliance Management Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Penetration Testing Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Penetration Testing Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Security Advisory Services Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Security Advisory Services Market by Country, 2023 - 2030, USD Million
TABLE 44 US Security Advisory Services Market, 2019 - 2022, USD Million
TABLE 45 US Security Advisory Services Market, 2023 - 2030, USD Million
TABLE 46 US Security Advisory Services Market by Vertical, 2019 - 2022, USD Million
TABLE 47 US Security Advisory Services Market by Vertical, 2023 - 2030, USD Million
TABLE 48 US Security Advisory Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 49 US Security Advisory Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 50 US Security Advisory Services Market by Service Type, 2019 - 2022, USD Million
TABLE 51 US Security Advisory Services Market by Service Type, 2023 - 2030, USD Million
TABLE 52 Canada Security Advisory Services Market, 2019 - 2022, USD Million
TABLE 53 Canada Security Advisory Services Market, 2023 - 2030, USD Million
TABLE 54 Canada Security Advisory Services Market by Vertical, 2019 - 2022, USD Million
TABLE 55 Canada Security Advisory Services Market by Vertical, 2023 - 2030, USD Million
TABLE 56 Canada Security Advisory Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 57 Canada Security Advisory Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 58 Canada Security Advisory Services Market by Service Type, 2019 - 2022, USD Million
TABLE 59 Canada Security Advisory Services Market by Service Type, 2023 - 2030, USD Million
TABLE 60 Mexico Security Advisory Services Market, 2019 - 2022, USD Million
TABLE 61 Mexico Security Advisory Services Market, 2023 - 2030, USD Million
TABLE 62 Mexico Security Advisory Services Market by Vertical, 2019 - 2022, USD Million
TABLE 63 Mexico Security Advisory Services Market by Vertical, 2023 - 2030, USD Million
TABLE 64 Mexico Security Advisory Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 65 Mexico Security Advisory Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 66 Mexico Security Advisory Services Market by Service Type, 2019 - 2022, USD Million
TABLE 67 Mexico Security Advisory Services Market by Service Type, 2023 - 2030, USD Million
TABLE 68 Rest of North America Security Advisory Services Market, 2019 - 2022, USD Million
TABLE 69 Rest of North America Security Advisory Services Market, 2023 - 2030, USD Million
TABLE 70 Rest of North America Security Advisory Services Market by Vertical, 2019 - 2022, USD Million
TABLE 71 Rest of North America Security Advisory Services Market by Vertical, 2023 - 2030, USD Million
TABLE 72 Rest of North America Security Advisory Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 73 Rest of North America Security Advisory Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 74 Rest of North America Security Advisory Services Market by Service Type, 2019 - 2022, USD Million
TABLE 75 Rest of North America Security Advisory Services Market by Service Type, 2023 - 2030, USD Million
TABLE 76 Key Information – Cisco Systems, Inc.
TABLE 77 key information – DXC Technology Company
TABLE 78 Key Information – Deloitte Touche Tohmatsu Limited
TABLE 79 Key Information – The Sage Group plc
TABLE 80 Key Information – Tata Consultancy Services Ltd.
TABLE 81 Key Information – Rapid7, Inc.
TABLE 82 Key Information – Novacoast, Inc.
TABLE 83 Key Information – Kudelski Group
TABLE 84 Key Information – eSentire Inc.
TABLE 85 Key Information – KPMG International Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Security Advisory Services Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Security Advisory Services Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Aug – 2024, Jan) Leading Players
FIG 7 Porter’s Five Forces Analysis - Security Advisory Services Market
FIG 8 North America Security Advisory Services Market share by Vertical, 2022
FIG 9 North America Security Advisory Services Market share by Vertical, 2030
FIG 10 North America Security Advisory Services Market by Vertical, 2019 - 2030, USD Million
FIG 11 North America Security Advisory Services Market share by Enterprise Size, 2022
FIG 12 North America Security Advisory Services Market share by Enterprise Size, 2030
FIG 13 North America Security Advisory Services Market by Enterprise Size, 2019 - 2030, USD Million
FIG 14 North America Security Advisory Services Market share by Service Type, 2022
FIG 15 North America Security Advisory Services Market share by Service Type, 2030
FIG 16 North America Security Advisory Services Market by Service Type, 2019 - 2030, USD Million
FIG 17 North America Security Advisory Services Market share by Country, 2022
FIG 18 North America Security Advisory Services Market share by Country, 2030
FIG 19 North America Security Advisory Services Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: Cisco Systems Inc.
FIG 21 SWOT Analysis: Cisco Systems, Inc.
FIG 22 SWOT Analysis: DXC Technology Company
FIG 23 Recent strategies and developments: Deloitte Touche Tohmatsu Limited
FIG 24 SWOT Analysis: Deloitte Touche Tohmatsu Limited
FIG 25 SWOT Analysis: The Sage Group PLC
FIG 26 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 27 Recent strategies and developments: Rapid7, Inc.
FIG 28 SWOT Analysis: Rapid7, Inc.
FIG 29 SWOT Analysis: Novacoast, Inc.
FIG 30 Swot Analysis: Kudelski Group
FIG 31 Swot Analysis: eSentire Inc.
FIG 32 Swot Analysis: KPMG International Limited