Major Force in the IT Security Consulting Services Market 2025: IoT Devices Fuel Expansion Of The IT Security Consulting Services Market

How Will the IT Security Consulting Services Market Grow, and What Is the Projected Market Size?
The IT security consulting services market will grow from $32.15 billion in 2024 to $38.19 billion in 2025, at a CAGR of 18.8%. Growth drivers include the increasing importance of data security, the complexity of IT infrastructure, rising security threats, and the growing demand for big data analytics.

The IT Security Consulting Services market will grow to $69.33 billion by 2029 at a CAGR of 16.1%, driven by rising cyber-attacks, cloud adoption, IoT proliferation, digital transformation, and managed security services. Trends include AI integration in security, technological advancements, and collaborations.

What Key Elements Are Boosting Growth in the IT Security Consulting Services Market?
The proliferation of IoT devices is expected to stimulate the growth of the IT security consulting services market. IoT devices are hardware elements designed for specific tasks, capable of data transmission over the internet or other networks. The widespread adoption of IoT is driven by the need for efficiency, automation, and digital transformation. IT security consulting services help organizations navigate the complexities of IoT implementation, ensuring security and maximizing potential. For example, in November 2022, Ericsson reported that broadband IoT (4G or 5G) connections reached 1.3 billion in 2022, with nearly 60% expected to be broadband by 2028. North East Asia leads in cellular IoT connections, with projections exceeding 2 billion by 2023. The growing proliferation of IoT devices is contributing to the demand for IT security consulting services.

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Who Are the Major Industry Players Fueling IT Security Consulting Services Market Expansion?
Major companies operating in the IT security consulting services market are Dell Inc., Hewlett-Packard Company, accenture* Plc, 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.

Which Key Developments Are Influencing the IT Security Consulting Services Market?
Leading firms in the IT security consulting service market are focusing on the development of innovative solutions, such as assessment applications, to enhance customer experience with advanced features. An assessment application is a software tool designed to evaluate, measure, or analyze different criteria, such as skills, knowledge, and performance. For example, in December 2023, NRI SecureTechnologies Ltd., a Japan-based IT service management company, introduced AI Red Team, a security assessment service designed to evaluate systems and services using generative AI. As part of this service, NRI Secure's experts conduct attack simulations on real systems to identify vulnerabilities in large language model (LLM)-based services and assess the broader system, including AI-related peripheral functions. This assessment follows a two-phase approach, first examining risks within the LLM and then evaluating the entire system. The findings are compiled into a detailed report outlining identified risks and suggested mitigation strategies.

How Is the Segmentation of the IT Security Consulting Services Market Defined?
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

Subsegments:
1) By Application Security: Web Application Security, Mobile Application Security, Cloud Application Security, API Security, Software Security Testing
2) By Database Security: Database Encryption, Database Activity Monitoring, Data Masking, Database Firewall, Database Access Control
3) By Endpoint Security: Antivirus And Antimalware, Endpoint Detection And Response (EDR), Mobile Device Management (MDM), Endpoint Encryption, Threat Intelligence
4) By Network Security: Firewall Protection, Intrusion Detection And Prevention Systems (IDPS), Virtual Private Network (VPN), Network Access Control (NAC), Secure Web Gateways (SWG)

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What Is the Leading Region in the IT Security Consulting Services Market?
North America was the largest region in the IT security consulting services market in 2024. 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.

What Is Covered In The IT Security Consulting Services Global Market Report?

- Market Size Analysis: Analyze the IT Security Consulting Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IT Security Consulting Services 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 IT Security Consulting Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IT Security Consulting Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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