IT Security Consulting Services Global Market Expected to Witness $51.96 Billion with Impressive Growth at a 12.7% CAGR By 2028 | Dell Inc., Aon Plc, McAfee Corp., PA Consulting Group, Optiv Security Inc.

"The Business Research Company recently released a comprehensive report on the Global IT Security Consulting Services Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/it-security-consulting-services-global-market-report

Market Drivers and Trends:

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.

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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14409&type=smp

Major Key Players of the Market:

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.

IT Security Consulting Services Market 2024 Key Insights:

• The IT Security Consulting Services Market is expected to grow to $51.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.
• IoT Devices Fuel Expansion Of The IT Security Consulting Services Market
• Innovative Products And Advanced Assessment Applications Driving IT Security Consulting Services
• North America was the largest region in the IT security consulting services market in 2023. The regions covered in the IT security consulting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=14409&type=smp

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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.