Northrook, IL -- (SBWIRE) -- 11/05/2019 -- The Security Advisory Services Market size is estimated to be USD 5.24 Billion in 2016, at a Compound Annual Growth Rate (CAGR) of 18.7% during the forecast period, as per a report by MarketsandMarkets.

Why increasing digital transformation in the developing economies is an opportunity?

Digital transformation in business operations is enhancing the productivity of several industries. Large numbers of web and mobile applications are being deployed across industries, such as BFSI, retail, healthcare, and government, to increase the business efficiency. The industrial sectors in developing regions, such as APAC and MEA, are growing rapidly. According to CompTIA, the global IT industry growth in 2017 is about 4.1%, which is expected to reach the market size of USD 3.5 trillion by the year-end. Technological advancements are being adopted by public and private organizations to expand their presence across the globe. However, the emerging economies are lagging behind, in terms of cybersecurity, regulatory standards, and safe cyber practices, due to the lack of awareness. Cyber-attackers are grabbing this opportunity and targeting the IT infrastructures of organizations to gain access to critical business data and exploit it. Large organizations in these developing regions are deploying security solutions to safeguard their sensitive data, but the SMEs are still lagging behind in upgrading their existing systems to advanced security systems. Due to the continuously evolving cyber threats, SMEs are seeking expert advice to deploy information security solutions. This is expected to provide huge growth opportunities to the security advisory service providers.

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How lack of end-user knowledge about advanced threats remain a challenge?

APTs are diverse in nature. They target particular vulnerabilities in the network and use these vulnerabilities to enter the enterprise network. Due to the higher sophistication levels of targeted attacks, several new zero-day threats have emerged. The methods and techniques with the help of which the attackers infiltrate an organization's network, remain undetected.

APTs have significantly increased over the past 5 years and have become the biggest security challenge for organizations. These advanced threats are constantly increasing in volume, breadth, and complexity. Today's advanced cyber-attacks are persistent, high-profile, economically motivated, and sometimes even state-sponsored. Cybercriminals use advanced attacking techniques to infiltrate an organization's network for stealing sensitive business data, which might leave the organization's reputation at risk. There lies a big knowledge gap across organizations in understanding the nature of the targeted attacks and how to defend against them. A holistic approach is now essential in terms of awareness and knowledge about such advanced threats and attacks to secure the network infrastructure.

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