Information Security Consulting Market Scope
Information security consulting is a service that provides expertise for the security of the organization. It includes security engineering, management and compliance provided by certified consultants. The weakness in information security can lead to cyber attack, which may threaten the profitability of the company. Information security consulting helps businesses to assess, build and manage their cybersecurity capabilities and also enable them to respond to incidents and crises.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Ernst & Young (United Kingdom), IBM Corporation (United States), Accenture Plc. (Ireland), Atos SE (France), Deloitte (United Kingdom), KPMG (United Kingdom), PwC (United Kingdom), BAE Systems plc (United Kingdom), Hewlett Packard Enterprise (United States) and Wipro Limited (India) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Information Security Consulting market throughout the predicted period.
Ernst & Young (United Kingdom), IBM Corporation (United States), Accenture Plc. (Ireland), Atos SE (France), Deloitte (United Kingdom), KPMG (United Kingdom), PwC (United Kingdom), BAE Systems plc (United Kingdom), Hewlett Packard Enterprise (United States) and Wipro Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Optiv Security Inc. (United States), SecureWorks (United States), Dell EMC (United States) and Booz Allen Hamilton (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Information Security Consulting market by Type , by Application (Aerospace and Defense, Government and Public Utilities, Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Healthcare, Retail, Manufacturing and Others) and Region with country level break-up.
On the basis of geography, the market of Information Security Consulting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
On 5th March 2019, IBM security’s team of offensive security experts, X-Force Red, announced the launch of a new blockchain testing service to help identify weaknesses and strengthen security of a wide range of solutions that incorporate the fast-growing technology. Leveraging the extensive security and developer expertise of X-Force Red penetration testers, the service will evaluate both the backend processes used to manage blockchain networks as well as the actual ledger environment.
Influencing Trend:
Increase in the Adoption of Information Security Consulting Services
Market Growth Drivers:
Provides Comprehensive Digital Protection to the Enterprise, Increased Cyber Attacks, Growing Trends of IoT and BYOD and Rising Network Complexities
Challenges:
Lack of Awareness about Advanced Cyber Threats
Restraints:
Budget Constraints for Installation/Implementation of Security and Advanced Cyber-Attack Techniques
Opportunities:
Increased Digital Transformation in Developing Countries and Growing need to secure the complex networks of the many enterprises
Key Target Audience
IT and Telecommunications, Defense and Government, Manufacturing, Transportation and Logistics, Healthcare, BFSI, Retail, Energy and Utilities and Others