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Global Information Security Consulting Market Growth, Trends, and Forecasts Report 2021-2026 - ResearchAndMarkets.com

Published : Wednesday, September 1, 2021, 2:15 am
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DUBLIN--(BUSINESS WIRE)--The "Information Security Consulting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.


The information security consulting market is expected to grow at a CAGR of 13.4% during the forecast period (2021 - 2026)

Rising network complexities due to mergers and acquisitions and third-party application deployment, increasing threat to the security of IoT devices, and growing trend of BYOD are some of the major factors driving the growth of the market.

The BFSI industry faces three challenges that are distinct from any other end-users discussed in the study. These challenges are the major driving forces for the deployment of information security consulting services as the industry faces more attacks from cybercriminals than any other sector due to the high sensitivity of data.

The industry is frequently faced with sophisticated and persistent attacks, which include malware, ransomware, social engineering and phishing attacks, fileless malware, rootkits, and injection attacks. Accenture estimates an average loss of USD 18 million per year at financial services institutions.

Some of the most common malware attacks faced by the banking industry include signature-less and fileless malware, which do not behave like other malicious programs but can instead exploit fundamental processes to hide their activities. Due to frequent attacks, it becomes critical to have adequate security in place to mitigate the risks related to a data breach or any sort of cyber-attack such as loss of data, inoperability, lost business, and recovery cost as well as time.

Financial enterprises face considerably higher stakes compliance requirements. The failure of financial information security causes the business to faces fines, legal fees, and lost business. Both zero-day attacks and ransomware are on the rise. Ransomware especially can negatively affect financial workflows, inflicting costly downtime, and further damaging business reputations. All the above factors contribute to the growth of the information security consulting market across the globe.

Competitive Landscape

The information security consulting market is moderately fragmented as amongst all the players present in the market, leading players hold most of the market share, and therefore, the competitive rivalry is high. The well-established companies are making an effort to acquire small-scale vendors to enhance their portfolio.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Value Chain Analysis

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.4 Market Drivers

4.4.1 Rising Network Complexities

4.4.2 Increased Sophistication in Attacking

4.5 Market Restraints

4.6 Assessment of Impact of Covid-19 on the Industry

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Network Security

5.1.2 Application Security

5.1.3 Database Security

5.1.4 Endpoint Security

5.2 By Deployment Mode

5.2.1 On Premise

5.2.2 Cloud

5.3 By Organization Size

5.3.1 Small and Medium Enterprises

5.3.2 Large Enterprises

5.4 By End user Vertical

5.4.1 Banking, Financial Services, and Insurance

5.4.2 IT and Telecom

5.4.3 Aerospace and Defense

5.4.4 Government

5.4.5 Healthcare

5.4.6 Others (Manufacturing, Retail)

5.5 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Ernst & Young Global Limited

6.1.2 International Business Machines Corporation

6.1.3 Accenture PLC

6.1.4 Atos SE

6.1.5 Deloitte Touche Tohmatsu Limited (DTTL)

6.1.6 KPMG International Cooperative

6.1.7 Pricewaterhousecoopers

6.1.8 BAE Systems PLC

6.1.9 Hewlett Packard Enterprise

6.1.10 Wipro Limited

6.1.11 Optiv Security Inc.

6.1.12 Dell SecureWorks, Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/f7gy67


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