Professional Services - Baltics
Baltics- The Professional Services market in the Baltics is expected to reach a revenue of US$******,****** by ****.
- This projection indicates that the market will experience a compound annual growth rate (CAGR *********) of ****%.
- Consequently, the market volume is estimated to reach US$******,****** by ****.
- In the Baltics, the average Spend per Employee in the Professional Services market is projected to reach US$***** in ****.
- When compared to other countries globally, United States is anticipated to generate the highest revenue in the Professional Services market, with a projected revenue of US$******,*******.* in ****.
- In the rapidly growing professional services market in the Baltics, Estonia stands out as a hub for tech startups and innovative consulting firms.
- Key regions:
- India,
- Chile,
- Spain,
- Saudi Arabia,
- Belgium
Professional cybersecurity services are a set of specialized services provided by experts or companies that use a variety of techniques, tools, and methodologies to evaluate, manage, and mitigate cyber risks. These services include a broad range of areas, such as incident response, threat intelligence, compliance management, security architecture and design, computer forensics and investigations, security awareness and training, and cybersecurity strategy.
The primary objective of professional cybersecurity services is to assist organizations in safeguarding their information systems and data against unauthorized access, theft, damage, and other cyber threats. These services can be commissioned and tailored to meet the specific needs of an organization, helping it guard against a wide array of security vulnerabilities and threats as well as comply with industry regulations and best practices.
Additional Information:
Key performance indicators covered in the Professional Services market include revenue and revenue change. Only revenues generated by the key vendors, either directly or through distribution channels, are included (manufacturer prices, excluding value-added tax); revenues generated by resellers are excluded. Revenues can be produced through either online or offline sales channels and include consumer spending (B2C), business spending (B2B), as well as government spending (B2G). Key players in this market include Checkpoint, Fortinet, ECI.
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- Cybersecurity assessment, such as Check Point Security Services, EY, and NCC Group
- Incident detection and response, such as VMware, FireEye Mandiant, and Accenture
- Penetration testing, such as Trustwave, Coalfire, and Tenable
- Security architecture and design, such as KPMG Cybersecurity Services, Booz Allen Hamilton, and NTT Cybersecurity Services
- Security awareness and training, such as Proofpoint and Global Knowledge
- Computer forensics and investigations, such as Rapid7, CrowdStrike Services, and Aon Cyber Solutions
- Cybersecurity strategy, such as Cognizant Security and Risk Management, Capgemini Cybersecurity Services, and PwC Cybersecurity and Privacy
- Physical security, such as ADT Security Services, G4S Secure Solutions, and Allied Universal
- Legal and regulatory compliance, such as Deloitte, BDO Global, and KPMG
- Cloud infrastructure and services, such as Amazon Web Services (AWS), Oracle Cloud, Salesforce
- Software development and maintenance, such as NTT Data and L&T Infotech
- Network infrastructure and hardware, such as Extreme Networks, Siemon, and Dell Technologies
- Disaster recovery and business continuity planning, such as Quantum Corporation Backup and Recovery Solutions, HP Enterprise (HPE) Business Continuity and Recovery Services, and IBM Resilience Services
Revenue
Global Comparison
Methodology
Data coverage:
Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.Modeling approach / Market size:
Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.Additional notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Get in touch with us for additional information
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