Information Security Consulting Market Size, Status, Growth, Trend, Demand, Type, Analysis and Forecast 2016-2021

The report “Information Security Consulting Market by Security Type (Network Security, Application Security, Database Security, and Endpoint Security), Organization Size (SMES and Large Enterprises), Vertical, and Region – Global Forecast to 2021”, The information security consulting market is estimated 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%.

Browse 39 market data tables and 43 figures spread through 118 pages and in-depth TOC on “Information Security Consulting Market”

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Application security to grow at the highest CAGR from 2016 to 2021

Cyber security solutions are used to secure the network infrastructure and the devices connected through it. The emerging IoT, BYOD trends, and connected number of devices & applications are susceptible to Advanced Persistent Threats (APTs). Application security is expected to witness the highest CAGR in the global information security consulting market during the period of 2016–2021. North America is expected to account for the largest market share in 2016, due to the greater awareness of cyber security and early adoption of security consulting services in this region.

Aerospace & defense vertical to have the largest market size in 2016

The information security consulting market is also segmented by various industry verticals, out of which, the adoption of security consulting services is expected to be the highest in the aerospace and defense vertical, as the critical data and applications used by this vertical are prone to advanced threats. Moreover, government & public utilities, Banking, Financial Services & Insurance (BFSI), and Information Technology (IT) & telecom verticals are expected to gain traction during the forecast period.

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.

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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 global market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America to provide a region-specific analysis in the report. 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.

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