The security of a network, information, and data from cyber threats is referred to as information security. The information security consulting services help to manage every aspect of security in today's borderless enterprises, from basic to risk management. One of the key factors driving the growth of the information security consulting market is the upsurge in network security threats and cyber-attacks across various verticals. The widespread use of information security consulting services, which include everything from basic compliance requirements to risk management, and advanced application-layer security, is propelling the market forward. As companies adopt digitized information and share huge amounts of data in an external and internal environment, they become vulnerable to cybercrime, which further influences the market.
MARKET SCOPE
The "Global Information Security Consulting Market Analysis to 2028"" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the information security consulting market with detailed market segmentation by security type, organization size, industry vertical, and geography. The report provides key statistics on the market status of the leading information security consulting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on security type, the market is segmented into network security, application security, database security, and endpoint security.
- Based on organization size, the market is segmented into Small and Medium Enterprises (SMEs) and large enterprises.
- based on industry vertical, the market is segmented into aerospace and defense, government and public utilities, BFSI, IT and telecom, healthcare, retail, manufacturing, and others.
Drivers
- Increasing complexities of IT infrastructure and digitalization, and advancements in technology are some of the major factors driving the growth of the information security consulting market.
- Evolving trends such as bringing your own devices and mobile workforce are supporting the growth of the information security consulting market.
- The high cost of consulting is the major factor that may restrain the growth of the information security consulting market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The information security consulting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the information security consulting market in these regions.
IMPACT OF COVID-19 ON INFORMATION SECURITY CONSULTING MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the information security consulting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the information security consulting market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the information security consulting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Accenture
- Atos SE
- BAE Systems
- Deloitte Touche Tohmatsu Limited
- Ernst and Young
- Hewlett Packard Enterprise Development LP
- IBM
- KPMG
- PwC
- Wipro Limited