Top Market Shifts Transforming the Information Security Consulting Market Landscape: Key Insights

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What Is the Expected CAGR for the Information Security Consulting Market Through 2025?
In recent times, there has been significant growth in the information security consulting market size. It's projected to escalate from $26.18 billion in 2024 to a staggering $28.75 billion in 2025, with a compound annual growth rate (CAGR) pegged at 9.8%. The impressive growth seen during the historical period can be traced back to factors such as an escalated cyber threat landscape, an increase in data breaches, the transition to remote working, heightened awareness regarding the significance of cybersecurity, along with industry-specific threats.

What's the Projected Size of the Global Information Security Consulting Market by 2029?
The size of the information security consulting market is predicted to experience significant growth in the coming years, rising to a value of $39.64 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. This growth within the predicted period can be linked to the emergence of new technologies, the widespread adoption of cloud computing, digital transformation initiatives, a rise in remote work, and an increased demand for managed security services. Key trends during this forecasted period involve a concentrated focus on data privacy and compliance, an increasing need for information security consulting firms, intensified focus on cloud security, the use of AI and machine learning in security, IoT security issues, supply chain security concerns, and the implementation of risk-based security strategies.

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Top Growth Drivers in the Information Security Consulting Industry: What's Accelerating the Market?
The escalating prevalence of cybersecurity threats is anticipated to ignite the expansion of the information security consulting market in the near future. These cybersecurity threats encompass potential hazards and weak points that could jeopardize the privacy, integrity, and overall accessibility of digital resources, data, and information systems. Remote work trends, unawareness about security, and advent of new technologies are key contributors to cybersecurity risks. Information security consulting employs strategies to manage these risks by revealing vulnerabilities, establishing protective actions, gearing up for incidents, and ensuring sustained compliance and awareness. For instance, the Australian Cyber Security Centre cited in November 2022 that there were 76,000 reports of cybercrime in 2022, a 13% leap from the previous year. It's evident therefore that the surge in cyber threats is fuelling the expansion of the information security consulting market.

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What Trends Will Shape the Information Security Consulting Market Through 2029 and Beyond?
Key players in the information security consulting market are focusing on unique technological advancements such as strategic cybersecurity consulting to broaden their cybersecurity solutions and tailor cyber strategies to the demands of clients in the region. This kind of consultative approach means engaging skilled cybersecurity consultants to support organizations in establishing and managing their information security strategies. For example, in November 2022, Wipro Limited, an IT firm based in India, introduced CyberTransform in Europe, a rewards-based strategic cybersecurity consulting service. The purpose of these new consulting services is to assist organizations in crafting digital risk and cybersecurity strategies. The primary objective of this initiative is to offer clients a quantifiable roadmap for putting cybersecurity measures into action. Additionally, this consultant helps in a range of areas, such as configuration reviews, development of security programs, custom on-demand services, information security planning, privacy and security policy formulation, and risk assessments to boost cybersecurity positions and achieve ongoing resilience.

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 Top Companies are Driving Growth in the Information Security Consulting Market?
Major companies operating in the information security consulting market are Microsoft Corporation, Verizon Communications Inc., accenture* plc, 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.

Which Regions Will Dominate the Information Security Consulting Market Through 2029?
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.

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