The information security consulting market size is expected 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. The major growth drivers of the market include the increased network complexities due to third-party applications deployment and mergers & acquisitions across globe.
Major security types in information security are network security, application security, database security, and endpoint security. The application security type is expected to grow at the highest CAGR during the forecast period because of the growing trends of Internet of Things (IoT), Bring Your Own Device (BYOD), and connected devices.
Network security holds the largest share of the information security consulting market in 2016. The growth is fueled by growing attacks on the critical network infrastructures of organizations. The Banking, Financial Services, & Insurance (BFSI) vertical is expected to grow at the highest CAGR during the forecast period, due to the increasing adoption of web and mobile-based business applications, which are susceptible to advanced cyber threats.
The Small and Medium Enterprises (SMEs) and large enterprises are rapidly deploying information security consulting services. The demand for information security consulting services is increasing due its robust features to provide a holistic security. Its growth rate is specifically high in SMEs, where the adoption is rapidly increasing.
The North American region, followed by Europe, is expected to become the largest revenue-generating region for information security consulting vendors in 2016. This is mainly because, in the developed economies of the U.S. and Canada, there is a high focus on innovations obtained from Research & Development (R&D) and technology. The APAC region is expected to be the fastest growing region in the information security consulting market. The growth in this region is primarily driven by the growing adoption of web and mobile-based business applications.
- ATOS SE
- Accenture PLC
- BAE Systems PLC
- Deloitte Touche Tohmatsu Limited (DTTL)
- Ernst & Young
- Hewlett Packard Enterprise
- International Business Machines Corporation
- Optiv Security Inc.
- Wipro Limited
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Information Security Consulting Market Analysis, By Security Type
8 Information Security Consulting Market Analysis, By Organization Size
9 Information Security Consulting Market Analysis, By Vertical
10 Geographic Analysis
11 Company Profiles
12 Key Innovators
For more information about this report visit http://www.researchandmarkets.com/research/grnc9g/information
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-information-security-consulting-market-to-reach-26-billion-by-2021-increased-network-complexities-due-to-3rd-party-applications---research-and-markets-300390851.html
SOURCE Research and Markets