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Key Information Security Consulting Market Trend for 2025-2034: Expanding Market Horizons Through Strategic Cybersecurity Consulting
"What Is the Future Outlook for the Information Security Consulting Market's Size and Growth Rate?The information security consulting market will grow from $26.18 billion in 2024 to $28.75 billion in 2025, reflecting a CAGR of 9.8%. Growth is driven by the increasing cyber threat landscape, rising data breaches, the shift to remote work, heightened awareness of cybersecurity, and industry-specific threats.
The Information Security Consulting market will grow to $39.64 billion by 2029 at a CAGR of 8.4%, driven by emerging technologies, cloud computing, and remote work. Trends include data privacy, AI and machine learning in security, and IoT security concerns.
What Is Stimulating Growth in the Information Security Consulting Market?
The increase in cybersecurity risks is expected to drive the growth of the information security consulting market. Cybersecurity risks refer to potential threats and vulnerabilities that can compromise digital assets, data, and systems. The rise in remote work, a lack of security awareness, and emerging technologies have heightened these risks. Information security consulting helps organizations manage cybersecurity risks by identifying vulnerabilities, implementing preventive measures, preparing for incidents, and ensuring ongoing compliance. The Australian Cyber Security Centre reported a 13% increase in cyber-crime reports in 2022, indicating a growing need for cybersecurity consulting services.
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Which Key Market Leaders Are Driving Information Security Consulting Industry Growth?
Major companies operating in the information security consulting market are Microsoft Corporation, Verizon Communications Inc., International Business Machines Corporation (IBM), Cisco Systems Inc., Ernst & Young Global Limited, KPMG International Cooperative, Deloitte Touche Tohmatsu Limited, Hewlett Packard Enterprise Company, Tata Consultancy Services Limited, BAE Systems plc, NTT DATA Corporation, Capgemini SA, Cognizant Technology Solutions Corporation, DXC Technology Company, Atos SE, Wipro Limited, Booz Allen Hamilton Holding Corporation, Palo Alto Networks Inc., Symantec Corporation, Check Point Software Technologies Ltd., CrowdStrike Holdings Inc., SecureWorks Corp., Trustwave Holdings Inc., CyberArk Software Ltd.
What Are the Emerging Trends in the Information Security Consulting Industry?
In the information security consulting market, companies are focusing on strategic cybersecurity consulting to offer tailored security strategies. Strategic cybersecurity consulting helps organizations develop and manage their information security strategies. For example, in November 2022, Wipro Limited, an Indian IT company, launched CyberTransform, a strategic cybersecurity consulting service in Europe. This service assists organizations in developing digital risk and cybersecurity strategies, offering expertise in areas like security program development, risk assessments, and privacy policy creation.
What Are the Main Segments in the Information Security Consulting Market?
The information security consulting market covered in this report is segmented -
1) By Type: Security And Compliance, Firewall Management, Email And Cloud Security, Other Types
2) By Deployment Mode: On Premise, Cloud
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End User Vertical: Banking, Financial Services, And Insurance, Information Technology And Telecom, Aerospace And Defense, Government, Healthcare, Other End-User Verticals
Subsegments:
1) By Security And Compliance: Regulatory Compliance, Risk Management And Assessment, Vulnerability Management, Incident Response And Forensics, Penetration Testing
2) By Firewall Management: Firewall Configuration And Optimization, Firewall Monitoring And Alerts, Next-Generation Firewalls (NGFW), Cloud Firewall Services, Managed Firewall Services
3) By Email And Cloud Security: Email Encryption And Filtering, Email Authentication, Cloud Access Security Broker (CASB), Cloud Security Posture Management (CSPM), Cloud Data Loss Prevention (DLP)
4) By Other Types: Endpoint Security, Identity And Access Management (IAM), Network Security, Data Security And Encryption, Mobile Device Management (MDM), Managed Security Services (MSSP), Security Information And Event Management (SIEM)
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Which Geographic Area Leads the Information Security Consulting Market?
North America was the largest region in the information security consulting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information security consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Information Security Consulting Global Market Report?
- Market Size Analysis: Analyze the Information Security Consulting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Information Security Consulting Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Information Security Consulting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Information Security Consulting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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