Global IT Security Consulting Market Analysis, Trends, Growth and Forecast by 2020

IT security consulting service providers enable organizations to assess and analyze its IT infrastructure and identify vulnerabilities and possible threats. IT security consultants offer their expertise and knowledge and guide various organizations in acquiring and growing its IT security capabilities. Thereby, IT security consultants enable organizations to procure and manage security tools, risk management tools, business intelligence and computing forensic tools. IT security consultants offer comprehensive security solutions to various organizations across the world. Such consultants assess and review various business processes and activities within an organization to evaluate information flow. Thereby, after identifying various information exchange points within an organizations infrastructure, IT security consultants can design and develop suitable security solutions. With the use of appropriate security tools, analytics and monitoring tools, IT security consultants can ensure information security in an organization. Moreover, use of security testing software enables IT security consultants to constantly monitor various IT security solutions. With increasing demand for information security, IT security consulting has found various applications across the world. IT security services are widely used in industries including IT and telecommunication, banking, financial services and insurance (BFSI), retail, manufacturing, media and entertainment. IT security consulting services are used by various large, medium and small enterprises (SME) for various on-premise and cloud-based applications.

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One of the major factors driving the growth of IT security consulting market is the increasing complexities of IT infrastructure. With technological advancements in computing and processing technologies, there has been an increasing need to identify various vulnerabilities within an IT infrastructure. IT security consultants offer a viable solution to ensure information security in an organization without employing technical expertise. Thereby, organizations are able to focus on their core business processes and outsource information security activities to such IT security consultants. Another factor driving the growth of this market is the increasing usage of mobile devices including smartphones, tablets and laptops. Emerging trends such as mobile work-force and “bring your own devices” (BYOD) have led to the increasing concerns of data theft and data corruption. Thereby, it has become imperative for organizations to deploy appropriate security solutions to ensure confidentiality, integrity and availability of organizational data.

With increasing complexities of IT security and technological advancements in security solutions, there has been an increasing demand for IT security consulting services. Organizations across the world can leverage such consulting services and ensure information security within and outside the organization. Moreover, increasing sophistication of cyber attacks and rising concerns of information security have further driven the growth of this market. Leading companies seek to adopt advanced security technologies to offer optimum security solutions to their customers. Key players in this market seek to gain advantage of rising opportunities such as e-commerce, online retail and online transactions over the internet. Some of the key players in IT security consulting market include Deloitte Touche Tohmatsu Limited, IBM Corporation, Booz Allen Hamilton, Inc., Accenture Plc., EMC Corporation, Ernst & Young Global Limited, KPMG International Cooperative, Hewlett-Packard Development Company, L.P., Atos SE, Dell SecureWorks, Inc. and BAE Systems.

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