According to Stratistics MRC, the Global Information Security Consulting market is estimated at $15.89 billion in 2016 and is expected to reach $30.11 billion by 2022 growing at a CAGR of 11.2% from 2016 to 2022. Increasing network attacks and growing complexity in network infrastructure are the key factors driving the market growth. Whereas, high cost for consulting is hindering the market growth. However, increasing demand from emerging economies is opportunity factor for the market players.
Based on security type, network security holds the highest market share owing to increase in cyber attacks on networks in an organisation. Banking, Financial Services, and Insurance is anticipated to grow at highest CAGR during forecast period owing to rise in usage of web and mobile based services demanding for tight information security measures. Small and Medium Enterprises are attracting more towards information security consultants of their organisations making them to move at faster phase during forecast period. North America accounted for the highest market share as compared to other regions. The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period because of increasing usage of smartphones and web based applications.
Some of the key players in the market include Ernst & Young, International Business Machines Corporation, Accenture PLC, ATOS SE, Deloitte Touche Tohmatsu Limited (DTTL), KPMG, Pricewaterhousecoopers, BAE Systems PLC, Hewlett Packard Enterprise, Wipro Limited, Booz Allen Hamilton, Inc., EMC Corporation, Dell SecureWorks, Inc. and Optiv Security Inc.
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Security Types Covered:
Aerospace and Defense
Banking, Financial Services, and Insurance
Energy and Utilities
Government and Public Utilities
IT and Telecom
Transportation and Logistics
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Organization Sizes Covered:
Small and Medium Enterprises
Rest of Europe
Rest of Asia Pacific
Rest of the World
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