The information security consulting global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Information Security Consulting Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The information security consulting market size has grown rapidly in recent
years. It will grow from $23.78 billion in 2023 to $26.18 billion in 2024 at a
compound annual growth rate (CAGR) of 10.1%. The growth in the historic period
can be attributed to increased cyber threat landscape, increased data breaches,
shift to remote work, increased awareness of cybersecurity importance,
industry-specific threats.
The information security consulting market size is expected to see strong
growth in the next few years. It will grow to $36.66 billion in 2028 at a
compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period
can be attributed to emerging technologies, growing use of cloud computing,
digital transformation initiatives, increased remote work, demand for managed
security services. Major trends in the forecast period include focus on data
privacy and compliance, growing need for information security consulting firms,
increased focus on cloud security, AI and machine learning in security, IoT
security concerns, supply chain security, risk-based security strategies.
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Scope Of Information Security Consulting Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Information Security Consulting Market Overview
Market Drivers -
The increase in cybersecurity risks is expected to propel the growth of the
information security consulting market going forward. Cybersecurity risks refer
to potential threats and vulnerabilities that may compromise the confidentiality,
integrity, and availability of digital assets, data, and information systems.
It arises because of remote work trends, a lack of security awareness, and
emerging technologies. Information security consulting is used to approach
managing cybersecurity risks by identifying vulnerabilities, implementing
preventive measures, preparing for incidents, and ensuring ongoing compliance
and awareness. For instance, in November 2022, according to the Australian
Cyber Security Centre, an Australia-based cyber security agency, cyber crime
reports received were 76,000 in 2022, up from 13% from the previous year.
Therefore, increasing cyber threats are driving the growth of the information
security consulting market.
Market Trends -
Major companies operating in the information security consulting market are
focusing on the development of innovative advancements, such as strategic
cybersecurity consulting, to expand existing cybersecurity services and provide
tailored cyber strategies and solutions to clients in the region. Strategic
cybersecurity consulting refers to providing knowledgeable cybersecurity
consultants to assist organizations in creating and managing their information
security strategies. For instance, in November 2022, Wipro Limited, an India-based
information technology company, launched CyberTransform, a strategic
cybersecurity consulting offering in Europe. These innovative consulting
capabilities will help organizations develop digital risk and cybersecurity
strategies. This initiative aims to provide clients with a measurable roadmap
for implementing cybersecurity measures. Additionally, this consultant assists
in various areas such as configuration reviews, security program development,
customized on-demand services, information security planning, privacy and
security policy development, and risk assessments to strengthen their
cybersecurity posture and achieve long-term resilience.
The information security consulting market covered in this report is segmented
–
1) By Type: Security And Compliance, Firewall Management, Email And Cloud
Security, Other Types
2) By Deployment Mode: On Premise, Cloud
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End user Vertical: Banking, Financial Services, and Insurance,
Information Technology And Telecom, Aerospace And Defense, Government,
Healthcare, Other End-User Verticals
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Regional Insights -
North America was the largest region in the information security consulting
market in 2023. Asia-Pacific is expected to be the fastest-growing region in
the forecast period. The regions covered in the information security consulting
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
Key Companies -
Major companies operating in the information security consulting market are
Microsoft Corporation, Verizon Communications Inc., Accenture plc,
International Business Machines Corporation (IBM), Cisco Systems Inc., Ernst
& Young Global Limited, KPMG International Cooperative, Deloitte Touche
Tohmatsu Limited, Hewlett Packard Enterprise Company, Tata Consultancy Services
Limited, BAE Systems plc, NTT DATA Corporation, Capgemini SA, Cognizant
Technology Solutions Corporation, DXC Technology Company, Atos SE, Wipro
Limited, Booz Allen Hamilton Holding Corporation, Palo Alto Networks Inc.,
Symantec Corporation, Check Point Software Technologies Ltd., CrowdStrike
Holdings Inc., SecureWorks Corp., Trustwave Holdings Inc., CyberArk Software
Ltd.
Table of Contents
1. Executive Summary
2. Information Security Consulting Market Report Structure
3. Information Security Consulting Market Trends And Strategies
4. Information Security Consulting Market – Macro Economic Scenario
5. Information Security Consulting Market Size And Growth
…..
27. Information Security Consulting Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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