Information Security Consulting Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2021 (Trending Report)

Japan, Japan, Fri, 14 Jan 2022 02:20:08 / Comserve Inc. / -- MarketsandMarkets estimates the global information security consulting market 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%.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

MarketsandMarkets estimates the global information security consulting market 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%. The information security consulting market is growing rapidly because of the increase in adoption of cyber security solutions, due to the increase in security breaches targeting enterprises.

"Network security to have the largest market size in 2016"
Network security is estimated to have the largest market size in 2016, because of the growing need to secure complex networks. The growth in the network security is associated with the rise in security breaches targeting enterprise networks, where hackers try to gain access to sensitive data. Furthermore, application security will grow at the highest CAGR during the forecast period, due to the rise in Internet of Things (IoT) and Bring Your Own Device (BYOD) trend.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Information Security Consulting Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2021 (Trending Report)

"The BFSI vertical to have the highest growth rate during the forecast period"
Information security solutions have been deployed across various industry verticals, including aerospace & defense, government & public utilities, Banking, Financial Services, & Insurance (BFSI), IT & telecommunications, healthcare, retail, and manufacturing. The BFSI vertical is expected to witness the highest CAGR during the forecast period because of the increasing adoption of web and mobile applications, which are prone to advanced cyber-attacks.

"Asia-Pacific is expected to have the highest growth rate during the forecast period"
Asia-Pacific (APAC) includes emerging economies, such as India and China, which are rapidly deploying information security services. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises in the region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the information security consulting marketplace.
 By Company Type: Tier 1: 24%, Tier 2: 56%, and Tier 3: 20%
 By Designation: C-Level: 58%, Director Level: 26%, and Others: 16%
 By Region: North America: 54%, Europe: 24%, and APAC: 15%, Rest of the World (RoW): 7%

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The Final Report will cover the impact analysis of COVID-19 on this industry: Information Security Consulting Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2021 (Trending Report)

The report includes the study of key players offering information security consulting services, 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).

Research Coverage:
The report aims at estimating the market size and future growth potential of this market across different segments, such as security types, organization sizes, industry verticals, and regions. Furthermore, the report also provides an in-depth profiling of the major players in the market that includes their business overview, recent developments, key market strategies, and Strength, Weaknesses, Opportunities, and Threats (SWOT) analysis,.

Reasons to Buy the Report:
The report will help the market leaders or new entrants in this market in the following ways:
1. This report segments the market into various subsegments, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different industry verticals and regions.
2. This report will help in better understanding the competitors and gaining more insights to better one's position in the market. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers & acquisitions, integrations & expansions, and collaborations of various market vendors. Besides, there are company profiles of 10 players in this market. In this section, market internals are provided that can put one ahead of the competitors.
3. The report also helps understand the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Data from primary sources 18
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primaries 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23

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