IT Security Consulting Services Market Anticipated To Witness Robust Growth, Surpassing $69.33 Billion By 2029

The IT Security Consulting Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current IT Security Consulting Services Market Size and Its Estimated Growth Rate?
The market size for IT security consulting services has experienced swift expansion in the past few years. The market is predicted to increase from $32.15 billion in 2024 to $38.19 billion in 2025, representing a compound annual growth rate (CAGR) of 18.8%. Factors contributing to this growth during the historical period include an elevated significance assigned to data security, heightened complexities of IT infrastructure, growing concerns surrounding information security, an increase in the number of security threats and a surge in demand for big data analytics.

In the coming years, the market size for IT security consulting services is predicted to experience a swift expansion. It is anticipated to climb to $69.33 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 16.1%. The growth in the projected period can be ascribed to the increasing occurrence of cyber-attacks, the rising use of cloud-based services, the spread of IoT devices, the growth of digital transformation initiatives, and the escalating demand for managed security services. The forecast period is expected to witness major trends such as technological progress, the uptake of advanced security technologies, the incorporation of artificial intelligence (AI) into security solutions, product innovation, and increased partnerships.

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How Are Emerging Segments Shaping the IT Security Consulting Services Market Landscape?
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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Which Growth Factors Are Influencing IT Security Consulting Services Market Expansion?
The rapid spread of IoT devices could be a significant factor in driving the growth of the market for IT security consulting services in the future. These devices consist of hardware components such as sensors, actuators and various appliances or machines, which have been custom-engineered for specific tasks and have the ability to transmit data via the internet or other networks. The reasons for the rising use of IoT, includes an increasing demand for automation and efficiency, the spread of high-speed internet and wireless communication technologies, along with Industry 4.0 and digital transformation. IT security consulting services play a critical part in helping businesses navigate through the complex process of designing, executing, and managing IoT implementations. They help companies unlock the full potential of IoT by combining their technological, security, and strategic expertise to create innovation, efficiency, and financial value. For instance, a report by Ericsson, a Sweden-based telecommunications company, stated in November 2022 that broadband IoT (4G or 5G), which is the main connection for most cellular IoT devices, reached 1.3 billion connections in 2022. It is predicted that by the end of 2028, almost 60% of cellular IoT connections will be broadband, primarily using 4G. Currently, North East Asia is leading in cellular IoT connections and is expected to exceed 2 billion connections by 2023. As a result, the surge in IoT devices is predicted to fuel the growth of the IT security consulting services market.

Who Are the Dominant Players Across Different IT Security Consulting Services Market Segments?
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.

What IT Security Consulting Services Market Trends Are Gaining Traction Across Different Segments?
Key players in the IT security consulting service market, such as assessment applications, are introducing new products stacked with advanced features to cater better to their clients. Essentially, these software tools or platforms assist in analyzing and measuring various factors like knowledge, skill, proficiency or performance. To illustrate, NRI SecureTechnologies Ltd., an IT service management company based out of Japan, rolled out a security evaluation service known as AI Red Team in December 2023. The service revolves around scrutinizing systems and services using generative AI. NRI Secure's experts replicate real system attacks to expose AI-specific weaknesses in LLM (Large Language Models)-based services and pinpoint problems throughout the system, including AI-related peripheral functions, ensuring an all-encompassing evaluation. As part of this service, a systematic two-phase assessment is undertaken, initially targeting potential risks within the LLM, succeeded by an encompassing system evaluation including the LLM. The outcomes of these assessments are then consolidated and encapsulated in a comprehensive report, highlighting identified issues and recommending corresponding solutions.

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Which Geographic Regions Are Expected to Dominate the IT Security Consulting Services Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IT Security Consulting Services Market?
2. What is the CAGR expected in the IT Security Consulting Services Market?
3. What Are the Key Innovations Transforming the IT Security Consulting Services Industry?
4. Which Region Is Leading the IT Security Consulting Services Market?

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