Global Information Security Consulting Market Projected to Grow at 8.4% CAGR, Reaching $39.46 Billion by 2029

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What Will the Information Security Consulting Industry Market Size Be by 2025?_x000D_
The market size for information security consulting has seen a robust growth recently. It is anticipated to surge from $26.18 billion in 2024 to $28.63 billion in 2025, marking a compound annual growth rate (CAGR) of 9.3%. This growth observed in the historical period can be linked to the expansion of the cyber threat landscape, rise in data breaches, transition towards remote work, growing understanding of the significance of cybersecurity, and threats specific to certain industries._x000D_
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What's the Long-Term Growth Forecast for the Information Security Consulting Market Size Through 2029?_x000D_
The market for information security consulting is slated to witness significant expansion in the coming years, with its size projected to reach $39.46 billion by 2029, registering a compound annual growth rate of 8.4%. Factors contributing to this growth within the forecasted period include the evolution of new technologies, the rising utilization of cloud computing, efforts in digital transformation, the surge in remote working, and the need for managed security services. Additionally, the forecast period will be characterized by an emphasis on data privacy, compliance, increasing need for information security consulting firms, a growing attention to cloud safety, the integration of AI and machine learning in security, IoT security challenges, supply chain security, and the implementation of risk-based security strategies._x000D_
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What Are the Key Growth Drivers Fueling the Information Security Consulting Market Expansion?_x000D_
The expected rise in cybersecurity threats is predicted to fuel the expansion of the information security consulting market in the future. Cybersecurity threats relate to potential hazards and weaknesses that could breach the privacy, integrity, and availability of digital assets, data, and information systems. These risks stem from remote work practices, inadequate security awareness, and the rise of new technologies. Information security consulting plays a role in managing these cybersecurity threats by pinpointing weaknesses, introducing preventative measures, planning for potential incidents, and ensuring continuous compliance and consciousness. For example, the Australian Cyber Security Centre, an Australian cyber security institution, stated in November 2022 that cyber-crime reports for the year 2022 had reached 76,000, a rise of 13% from the previous year. Hence, the rising number of cyber threats is propelling the growth of the information security consulting market._x000D_
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What Are the Key Trends Driving Information Security Consulting Market Growth?_x000D_
In the information security consulting sector, leading enterprises are prioritizing the creation of novel advances, including strategic cybersecurity consulting. This aims to broaden current cybersecurity offerings and deliver bespoke cyber strategies and services to regional clientele. The concept of strategic cybersecurity consulting involves offering experienced cybersecurity advisors that can aid organizations in forming and controlling their information security policies. An example of this can be seen in Wipro Limited, an IT firm from India, introducing CyberTransform, a strategic cybersecurity consulting service in Europe in November 2022. Such ground-breaking consultation abilities will facilitate organizations in formulating digital risk and cybersecurity schemes. The overall goal of this enterprise is to render clients with a quantifiable implementation map for cybersecurity operations. Furthermore, this consultant offers aid in several aspects, like configuration reviews, security program creation, tailor-made on-demand services, security planning, privacy and policy development, and conducting risk evaluations to bolster cybersecurity position and ensure long-term solidity._x000D_
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How Is the Information Security Consulting Market Segmented?_x000D_
The information security consultingmarket covered in this report is segmented -_x000D_
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1) By Type: Security And Compliance, Firewall Management, Email And Cloud Security, Other Types_x000D_
2) By Deployment Mode: On Premise, Cloud_x000D_
3) By Organization Size: Small And Medium Enterprises, Large Enterprises_x000D_
4) By End User Vertical: Banking, Financial Services, And Insurance, Information Technology And Telecom, Aerospace And Defense, Government, Healthcare, Other End-User Verticals_x000D_
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Subsegments:_x000D_
1) By Security And Compliance: Regulatory Compliance, Risk Management And Assessment, Vulnerability Management, Incident Response And Forensics, Penetration Testing_x000D_
2) By Firewall Management: Firewall Configuration And Optimization, Firewall Monitoring And Alerts, Next-Generation Firewalls (NGFW), Cloud Firewall Services, Managed Firewall Services_x000D_
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)_x000D_
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)_x000D_
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Which Companies Are Leading the Charge in Information Security Consulting Market Innovation?_x000D_
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._x000D_
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Which Regions Are Leading the Global Information Security Consulting Market in Revenue?_x000D_
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._x000D_
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