Global Information Security Consulting Market
The Global Information Security Consulting Market was valued at USD 16.52 billion in 2016 and is projected to reach USD 40.41 billion by 2025, growing at a CAGR of 10.45% from 2017 to 2025.
Information Security Consulting service providers enable organizations to assess and analyze its IT infrastructure and identify vulnerabilities and possible threats. Information security consultants offer their expertise and knowledge and guide various organizations in acquiring and growing its security capabilities. This service provides security program strategy, enterprise risk and compliance management, threat and vulnerability management, enterprise incident management, identity and access management service, and more.
1. Market Drivers
1.1 Growing adoption of information security consulting services
1.2 Rising digital transformations in developing economies
1.3 Rising cyber attacks
1.4 Growing network complexities due to third-party application deployment and globalization of business
1.5 Increasing trend of BYOD and IoT
2. Market Restraints
2.1 Budget constraints
2.2 Lack of awareness about advanced cyber threats
The Global Information Security Consulting Market is segmented on the organization size, security type, application, and region.
1. By Organization Size:
1.1 Large Companies
1.2 Small and Medium Businesses
2. By Security Type:
2.1 Endpoint security
2.2 Application security
2.3 Network security
2.4 Database Security
3. By Application:
3.1 IT and Telecommunications
3.2 Banking, Financial Services, and Insurance (BFSI)
3.3 Retail and Consumer Goods
3.5 Aerospace and Defense
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. BAE Systems PLC
2. Wipro Limited
3. IBM Corporation
4. Hewlett Packard Enterprise
5. Accenture PLC
7. ATOS SE
8. Deloitte Touche Tohmatsu Limited (DTTL)
10. Ernst & Young
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Information Security Consulting Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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