Increasing cyberattacks, data breaches across various enterprises, and the growing adoption of cloud-based services to optimize industrial digitalization are significantly driving the security advisory services market.
Security advisory services allow businesses to meet and deploy security risk management policies and ensure incident response to protect the data and critical information according to industry regulations and mandates. With its offering from penetration testing and vulnerability management to compliance management, security advisory services help companies meet and deploy security policies to stay secure from increasing fraudulent activities across the sectors—be it banking, financial services and insurance, IT & telecommunication, healthcare, energy and power, manufacturing or government and public sectors.
Apart from increasing cyber-attacks and theft of confidential data, the growth of confidential organizational data and trends in mobile devices has accelerated the need to adopt security advisory services. The increasing use of cloud technologies over the year has also spiked the demand for more reliable and cost-effective security solutions, further driving the market growth of security advisory services.
Most organizations lose revenue during an attack due to the non-availability of services at critical times. Effective advisory services not only support security teams to analyze their program or uncover the insight they need to improve their security postures but move with purpose. They can help companies prioritize security initiatives through robust programs and align those with their business strategies to get it all done yesterday.
Covering strategic elements like risk management programs and board reporting and tactical elements like implementing information security management systems and architecting enterprise IT, cloud, applications, or OT environment security improves cyber resilience and minimizes business exposure to breaches.
The security advisory service market will grow dramatically with the increasing need for closing short-term resource gaps, creating remediation plans, and improving security operations and incident response capabilities. Needless to say, the trend to measure cyber program maturity by benchmarking an organization’s capabilities across modern cybersecurity control models will soon become common across enterprises.
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