IT Security Consulting Services
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How Large Will the IT Security Consulting Services Market Size By 2025?
The market for IT security consulting services has expanded swiftly in the past few years. An increase from $32.15 billion in 2024 to $38.03 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 18.3%, is expected. Factors such as the growing significance of data security, the escalating intricacies of IT structures, intensifying awareness around information security, the increasing number of security threats, and heightened demand for big data analytics account for the growth in the historical period.
How Big Is the IT Security Consulting Services Market Size Expected to Grow by 2029?
In the coming years, the market size for IT security consulting services is expected to witness a significant increase. It is predicted to escalate to a value of $69.04 billion in 2029, with a compound annual growth rate (CAGR) of 16.1%. This anticipated growth within the forecast period is due to the rising number of cyber-threats, the growth in adoption of cloud-based services, the surge of IoT devices, the extension of digital transformation initiatives and increased demand for managed security services. The major trends for this forecast period encompass technological advancements, the use of improved security technologies, the incorporation of artificial intelligence in security solutions, product innovation and expanding partnerships.
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Which Key Market Drivers Powering IT Security Consulting Services Market Expansion and Growth?
The rapid expansion of IoT devices is predicted to fuel the progression of the IT security consulting services market. IoT devices include a range of hardware components like appliances, sensors, machines, and more that are designed for specific functions and are capable of transmitting data via the internet or other networks. The escalating demand for automation and efficiency, the widespread availability of high-speed internet, advancement in wireless communication technologies, Industry 4.0, and digital transformation have propelled the adoption of IoT or IoT devices. IT security consulting services aid companies in successfully navigating the complex journey of creating, implementing, and managing IoT installations. IT security consultants facilitate firms in leveraging the full potential of IoT through the integration of their technical proficiency, security, and strategic acumen to generate innovation, efficiency, and economic value. For example, in November 2022, a report by Sweden-based telecom company Ericsson stated that broadband IoT (4G or 5G), used as the primary connection for most cellular IoT devices, reached 1.3 billion connections in 2022. Almost 60% of cellular IoT connections are predicted to be broadband, mainly using 4G by the end of 2028. North East Asia currently has the lead in cellular IoT connections and is projected to surpass 2 billion connections by 2023. As such, the rapid spread of IoT devices is propelling the advancement of the IT security consulting services market.
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Which Fast-Growing Trends Are Poised to Disrupt the IT Security Consulting Services Market?
Major companies active in the IT security consulting service sector are on the cut-edge trend of creating innovative products like assessment applications to provide enhanced features to their clientele. An assessment application is a software instrument or platform engineered to assist in gauging, evaluating, or appraising various factors such as proficiency, skills, performance, or knowledge. A case in point, in December 2023, a Japanese IT service management company, NRI SecureTechnologies Ltd., introduced a security assessment facility identified as AI Red Team which centres on appraising systems and services via the use of generative AI. In this service, NRI Secure’s professionals perform simulated attacks on real systems to spot AI-specific vulnerabilities in Large Language Models (LLM)-based services and pinpoint problems in the complete system, including peripheral functions linked with AI, thereby providing a thorough evaluation. Specifically, this service implements a two-step assessment process, primarily focusing on risks inherent in the LLM and then undertaking an assessment of the whole system that includes the LLM. The results of the assessment are then condensed into a detailed report which enumerates the identified issues and proposes strategies for problem resolution.
What Are the Emerging Segments in the IT Security Consulting Services Market?
The it security consulting servicesmarket covered in this report is segmented –
1) By Security Type: Application Security, Database Security, Endpoint Security, Network Security
2) By Application: Large Enterprise, SME
3) By End User: Aerospace And Defense, Banking, Financial Services, And Insurance (BFSI), Government And Public Utilities, Healare, IT And Telecom, Manufacturing And Retail, Other End Users
Subsegments:
1) By Application Security: Web Application Security, Mobile Application Security, Cloud Application Security, API Security, Software Security Testing
2) By Database Security: Database Encryption, Database Activity Monitoring, Data Masking, Database Firewall, Database Access Control
3) By Endpoint Security: Antivirus And Antimalware, Endpoint Detection And Response (EDR), Mobile Device Management (MDM), Endpoint Encryption, Threat Intelligence
4) By Network Security: Firewall Protection, Intrusion Detection And Prevention Systems (IDPS), Virtual Private Network (VPN), Network Access Control (NAC), Secure Web Gateways (SWG)
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Who Are the Global Leaders in the IT Security Consulting Services Market?
Major companies operating in the IT security consulting services market are Dell Inc., Hewlett-Packard Company, Plc, International Business Machines Corporation, PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited., KPMG International Limited, Aon Plc, HCL Technologies Limited, Booz Allen Hamilton Holding Corporation, Deloitte Touche Tohmatsu Limited, Lumen Technologies Inc., McAfee Corp., PA Consulting Group, Optiv Security Inc., Trustwave Holdings Inc., Coalfire Systems Inc., Quadrant Technology, IOActive Inc., Maven Security Consulting Inc., KLC Consulting, AsTech Consulting, Appsec Labs Private Limited, Carve Systems LLC, Cigital Inc., CSC Consulting Group, Praetorian Security Inc., Towerwall Inc.
Which are the Top Profitable Regional Markets for the IT Security Consulting Services Industry?
North America was the largest region in the IT security consulting services market in 2024. The regions covered in the IT security consulting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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