Security Advisory Services Market Worth USD 1584.1 Million by 2024
Security Advisory Services Market: Industry Analysis and Forecast (2017-2024) _ by Component (Service, Software), by Application (Network Security, Application Security, Database Encryption), Organization Size (Small & Medium Enterprises, Large Enterprises), Vertical (Telecom & IT, Healthcare and Life sciences, Government & Defense, BFSI, Consumer Good & Retail) and Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
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Security Advisory Services Market is expected to grow from USD 284.5 Million in 2016 to USD 1584.1 Million by 2024, at a CAGR of 27.8% between 2017 and 2024.
Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the software, service, deployment type, organization size, end-users and geography to assist in strategic business planning.
The key driving factor for this market include the growing incidents of cyber-attacks, technological advancements in next-generation wireless network systems, and rapid growth in the adoption rate of cloud storage & cloud computing are driving this market.
Server sub-segment is expected to hold a major chunk of the market during the forecast period:
The server sub segment is anticipated to hold the largest market share over the forecast period, and anticipated to dominate the segment over the forecast period this is majorly due to servers are mainly used for data encryption and help maintain data secrecy. Moreover, they provide high-quality encryption, key generation, and distribution.
APAC is expected to hold a major chunk of the market during the forecast period:
Geographically, the Quantum Cryptography Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The swift growth of the market in the APAC region is anticipated to dominate the market over the forecast period majorly due to the factors such as, region is expected to grow at the highest CAGR during the forecast period in the quantum cryptography market. Moreover, major factors such as increasing internet usage, compliance regulation, and mobile usage are driving the adoption of quantum cryptography solutions.
Scope of the Report:
Security Advisory Services Market, by Service Type: Penetration testing, Risk management strategy, Vulnerability management, Incident response, Security program development, Compliance management, Chief Information Security Officer (CISO) advisory and support
Security Advisory Services Market, by Organization Size: Small & Medium Enterprises, Large Enterprises
Security Advisory Services Market, by Vertical: Banking, Financial Services, and Insurance (BFSI), Government and public sector, IT and telecommunication, Healthcare, Manufacturing, Energy and power, Others
Security Advisory Services Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America
The major key players that influence growth of Security Advisory Services Market includes:
• Magiq Technologies
• Id Quantique
• Crypta Labs
• PQ Solutions
• Crypta Labs
• PQ Solutions
• Ust Global