Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 27.24 Billion | USD 101.12 Billion | 13.5% | 2022 |
FrequentlyAsked Questions
One of the key segments in the cybersecurity services space is information security consultancy. It involves highly trained industry professionals, security professionals, and domain experts who assist organizations in formulating cyber security policies, preventing loss of revenue, recognizing the maturity of their cyber security solutions, mitigating risks, and strengthening security in the current information system. In setting up new cyber security infrastructures, consulting service providers advise businesses to meet their unique security processes and standards that are achievable for them.
The global IT security consulting services market is predicted to increase at a CAGR of 13.5% during the forecast period.
The global IT security consulting services market was worth around USD 27.24 billion in 2022 and is expected to reach USD 101.12 billion by 2030.
The global IT security consulting services market is being driven by several factors, including increasing cyber threats, government regulations, and data privacy concerns. The adoption of cloud-based services and digital transformation initiatives, along with the need for end-to-end security solutions, are also driving the demand for IT security consulting services.
North America held a notable share in the global IT security consulting services market in 2022 and is likely to grow the fastest during the forecast period. The growth of the IT security consulting services market in North America is being driven by factors such as the increasing number of cyber threats, data breaches, and stringent government regulations. The presence of major IT security consulting service providers and the early adoption of advanced security solutions are driving market growth in the region. The United States is expected to be the largest contributor to the North American market.
Some of the major companies operating in the IT security consulting services market include Accenture, Deloitte, IBM, PwC, Ernst & Young, KPMG, Booz Allen Hamilton, Cognizant, DXC Technology, Wipro, Capgemini, Tata Consultancy Services, Atos, NTT Data, Verizon, SecureWorks, Trustwave, Symantec, McAfee, and Check Point among others.
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