Industry Background:
With the growth in cyber-attacks and data breaches costing business and the public sector billions every year. An estimated two million cyber-attacks in 2018 resulted in more than USD 45 billion in losses worldwide. Thereby, cybersecurity is becoming a vital part of every organization in order to protect their businesses and assets. Cybersecurity consulting companies provide delivering services and solutions that ensure continuous security assurance for business, and government entities. They help organizations improve the efficiency of their business and IT operations and technology strategies for security and risk management. In addition to consulting, these firms also often provide product recommendations and implementation services for specific security technologies.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | McAfee (United States), BlackBerry (Canada), Symantec (United States), OneNeck IT Solutions (United States), Accenture (Ireland), Capgemini (France), CyberSecOp (United States), Deloitte (United Kingdom), VMware (United States), Sophos (United Kingdom) and Check Point Software Technologies (Israel) |
This growth is primarily driven by Cyber security Attacks are on the Rise, The Massive Increased in Amount of Data Further Rising the Risks of Cyber Attacks and Stringent Data Security Laws Fuelling the Adoption of Consulting Services.
Globally, a noticeable market trend is evident
Major Players, such as McAfee (United States), BlackBerry (Canada), Symantec (United States), OneNeck IT Solutions (United States), Accenture (Ireland), Capgemini (France), CyberSecOp (United States), Deloitte (United Kingdom), VMware (United States), Sophos (United Kingdom) and Check Point Software Technologies (Israel), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7 Jan 2020, Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect and respond to cyber threats.
On 6 March 2020, Accenture has acquired Context Information Security, a leading cyber defense consultancy, previously owned by parent company Babcock International Group. Financial terms were not disclosed. This acquisition is expected to accelerate the growth of the company’s Security in the U.K. and internationally. and In 2017, Canadian technology giant BlackBerry has announced the launch of its new general data protection regulation (GDPR) and automotive Cybersecurity Consulting services, aimed at mitigating public security risks.
Market Growth Drivers:
Cyber security Attacks are on the Rise, The Massive Increased in Amount of Data Further Rising the Risks of Cyber Attacks and Stringent Data Security Laws Fuelling the Adoption of Consulting Services
Restraints:
A High Cost of the Services
Opportunities:
The Rapid Adoption of Cybersecurity Consulting Services across the SMEs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cybersecurity Consulting Services Market
- Analysis about New Entrants in Cybersecurity Consulting Services Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cybersecurity Consulting Services Study Sheds Light on
The Cybersecurity Consulting Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cybersecurity Consulting Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cybersecurity Consulting Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.