According to new market research report "Information
Security Consulting Market by Security Type (Network Security,
Application Security, Database Security, and Endpoint Security), Organization
Size (SMES and Large Enterprises), Vertical, and Region - Global Forecast to
2021",
The information security consulting market is estimated to grow from USD 16.12
Billion in 2016 to USD 26.15 Billion by 2021, at a Compound Annual Growth Rate
(CAGR) of 10.2%.
Browse and
in-depth TOC on “Information Security Consulting Market”
39
- Tables
43
- Figures
118
- Pages
The major forces driving the information security
consulting market are rising network complexities due to mergers and
acquisitions and third-party application deployment. The information security
consulting market is growing rapidly because of the growing security needs of
Internet of Things (IoT), Bring Your Own Device (BYOD) trends, and increased
deployment of web & cloud-based business applications.
Application security to grow at the highest CAGR
from 2016 to 2021
Cyber security solutions are used to secure the
network infrastructure and the devices connected through it. The emerging IoT,
BYOD trends, and connected number of devices & applications are susceptible
to Advanced Persistent Threats (APTs). Application security is expected to
witness the highest CAGR in the global information security consulting market
during the period of 2016–2021. North America is expected to account for the
largest market share in 2016, due to the greater awareness of cyber security
and early adoption of security consulting services in this region.
Aerospace & defense vertical to have the largest
market size in 2016
The information security consulting market is also
segmented by various industry verticals, out of which, the adoption of security
consulting services is expected to be the highest in the aerospace and defense
vertical, as the critical data and applications used by this vertical are prone
to advanced threats. Moreover, government & public utilities, Banking,
Financial Services & Insurance (BFSI), and Information Technology (IT)
& telecom verticals are expected to gain traction during the forecast
period.
North America is expected to dominate the
information security consulting market in 2016
North America is expected to hold the largest share
of the information security consulting market in 2016, due to the technological
advancements and early adoption of cyber security in this region. The market in
APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary
driving forces for this growth are increasing technological adoption and huge
opportunities across industry verticals in APAC countries, especially India and
China.
The report also encompasses different strategies,
such as mergers & acquisitions, partnerships & collaborations, business
expansions, and product developments, adopted by major players to increase
their market share. Some of the major technology vendors include Ernst &
Young (U.K.), IBM Corporation (U.S.), Accenture plc (Ireland), Atos SE
(France), Deloitte (U.K.), KPMG (U.K.), PwC (U.K.), BAE Systems plc (U.K.),
Hewlett Packard Enterprise (U.S.), and Wipro Limited (India).
Opportunities
Rise in the adoption of information security consulting
services across SMEs
Increased digital transformation in developing economies
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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