According to
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.
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.
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
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.
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).
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