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Information security consulting market set to grow according to forecasts

IT Market Research

The information security consulting market size 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% during the forecast period. 2015 is considered to be the base year, while the forecast period is 2016–2021.

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The objective of the report is to define, describe, and forecast the information security consulting market on the basis of security types, organization sizes, industry verticals, and regions, and also to provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

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The research methodology used to estimate and forecast the information security consulting market begins with capturing data on key vendor’s revenues through secondary sources, such as company financials, annual reports, press releases, paid databases (Hoovers, Bloomberg Businessweek, Factiva, and various others), journals, and associations (Information Systems Security Association (ISSA), Cloud Security Alliance, IEEE Cyber Security Community, Information Security Forum, and various others).

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The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market.

After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments.

The information security consulting ecosystem comprises information security consulting services vendors, such as 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), service providers, system integrators, and enterprises. Other stakeholders of the information security consulting market include security service providers, consulting service providers, IT service providers, resellers, enterprise users, and technology providers.

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The target audience of the information security consulting market report are given below:

  • Information security solution/service providers
  • Cloud service providers
  • Managed service providers
  • Software developers
  • System integrators
  • Resellers
  • Enterprises
  • Government

“The study answers several questions for the stakeholders, primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

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Scope of the Report

The research report categorizes the information security consulting market to forecast the revenues and analyze the trends in each of the following subsegments:

By Security Type

  • Network security
  • Application security
  • Database Security
  • Endpoint security

By Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large enterprises

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