IT Security Consulting Services Global Market Analysis, Trends, Growth, Research And Forecast 2033

The IT security consulting services market size has grown rapidly in recent years. It will grow from $27.00 billion in 2023 to $32.15 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The growth in the historic period can be attributed to the growth in importance of data security, increased complexities of IT infrastructure, increased concerns of information security, rise in number of security threats, growth in demand for big data analytics.

The IT security consulting services market size is expected to see rapid growth in the next few years. It will grow to $51.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to escalating frequency of cyber-attacks, increasing adoption of cloud-based services, proliferation of iot devices, expansion of digital transformation initiatives, growing demand for managed security services. Major trends in the forecast period include technological advancements, adoption of advanced security technologies, integration of artificial intelligence (AI) in security solutions, product innovation, growing collaborations.

Market Overview -
IT security consulting services refer to technological services that involve providing expert advice, support, and guidance on information technology security matters to organizations to strengthen their cybersecurity posture and safeguard their digital assets from cyber threats and attacks. These services aim to assess an organization's IT infrastructure, systems, and processes to identify vulnerabilities, assess risks, and recommend appropriate security measures.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=14409&type=smp

IoT Devices Fuel Expansion Of The IT Security Consulting Services Market
The proliferation of IoT devices is expected to propel the growth of the IT security consulting services market going forward. IoT devices encompass hardware elements like sensors, actuators, gadgets, appliances, or machines, engineered for particular tasks and capable of data transmission through the internet or other networks. The increasing adoption of IoT (Internet of Things) or IoT devices is driven by the increasing need for efficiency and automation, the proliferation of high-speed internet and wireless communication technologies, and Industry 4.0 and digital transformation. IT security consulting services guide corporations through the challenging process of designing, executing, and managing IoT implementations. IT security consultants assist firms in realizing the full potential of IoT by combining their technological, security, and strategic knowledge to generate innovation, efficiency, and economic value. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, broadband IoT (4G or 5G), the primary connection for most cellular IoT devices, achieved 1.3 billion connections in 2022. By the conclusion of 2028, nearly 60% of cellular IoT connections are expected to be broadband, predominantly utilizing 4G. North East Asia currently leads in cellular IoT connections and is forecast to exceed 2 billion connections by 2023. Therefore, the proliferation of IoT devices is driving the growth of the IT security consulting services market.

Competitive Landscape -
Major companies operating in the IT security consulting services market are Dell Inc., Hewlett-Packard Company, International Business Machines Corporation, PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited., KPMG International Limited, Aon Plc, HCL Technologies Limited, Booz Allen Hamilton Holding Corporation, Deloitte Touche Tohmatsu Limited, Lumen Technologies Inc., McAfee Corp., PA Consulting Group, Optiv Security Inc., Trustwave Holdings Inc., Coalfire Systems Inc., Quadrant Technology, IOActive Inc., Maven Security Consulting Inc., KLC Consulting, AsTech Consulting, Appsec Labs Private Limited, Carve Systems LLC, Cigital Inc., CSC Consulting Group, Praetorian Security Inc., Towerwall Inc.

Innovative Products And Advanced Assessment Applications Driving IT Security Consulting Services
Major companies operating in the IT security consulting service market are developing innovative products, such as assessment applications, to better serve customers with advanced features. An assessment application is a software tool or platform designed to facilitate the evaluation, measurement, or analysis of various criteria, such as skills, knowledge, performance, or proficiency. For instance, in December 2023, NRI SecureTechnologies Ltd., a Japan-based IT service management company, launched a security assessment service, named AI Red Team that focuses on evaluating systems and services through the utilization of generative AI. As part of this service, NRI Secure's specialists simulate attacks on real systems to assess AI-specific vulnerabilities in LLM (Large Language Models)-based services and identify issues in the overall system, including peripheral functions associated with AI, providing a comprehensive evaluation. This service offers a two-stage assessment process, first targeting risks within the LLM itself, followed by an evaluation of the entire system encompassing the LLM. The assessment results are consolidated into a detailed report outlining the identified problems and suggesting mitigation strategies.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/it-security-consulting-services-global-market-report

Key Segments -

The IT security consulting services market covered in this report is segmented -

1) By Security Type: Application Security, Database Security, Endpoint Security, Network Security
2) By Application: Large Enterprise, SME
3) By End User: Aerospace And Defense, Banking, Financial Services, and Insurance (BFSI), Government And Public Utilities, Healthcare, IT And Telecom, Manufacturing And Retail, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-mode

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.