Cyber Security Consulting Market, By Enterprise Size (Small, Medium, Large), By Industry Vertical (BFSI, Aerospace, and Defense, Retail, IT and Telecom, Healthcare, Energy, and Utilities), By Region – Global Analysis Forecast Till 2030

The Global Cyber Security Consulting market is estimated to exceed US$ 28.42 Bn by 2030, expanding at a CAGR of 9.2% during the forecast period.

Advances in artificial intelligence (AI), machine learning (ML), and the Internet of Things have increased the adoption of web applications and mobile apps, resulting in more complex IT infrastructures that may be vulnerable to cyberattacks. To address potential security issues, organizations are outsourcing security services to detect bugs and analyze their security environment while efficiently responding to cyberattacks. The need to fix bugs in web applications and mobile apps and mitigate the risk of data loss associated with cybercrime is expected to drive the adoption of cybersecurity services over the forecast period.

Cyber security consulting firms provide essential services to businesses and organizations, ensuring their digital assets and sensitive information remain protected from ever-evolving threats. These firms specialize in offering comprehensive cybersecurity consulting services, covering areas such as network security, information security, and data security. By leveraging the expertise of network security consultants and IT security consulting professionals, these firms assess vulnerabilities, develop robust security strategies, and implement necessary safeguards to mitigate risks. Their invaluable insights and recommendations help businesses maintain a secure and resilient digital infrastructure, safeguarding against potential cyber-attacks and ensuring the confidentiality, integrity, and availability of critical data.

Market Dynamics:

Drivers:

The number of cyber-attacks around the world shows no signs of slowing down. At the same time, cyberattacks are becoming more sophisticated and the losses caused by cyberattacks are increasing. As new networks roll out and existing ones expand, these networks become increasingly vulnerable to cyber threats. This is driving the need for small and large enterprises to monitor their networks, critical infrastructure, and digital assets and constantly look for potential threats.

Cyber ​​threats are constantly evolving and the consequences are getting more expensive. Cybersecurity firm Radware found that the average cyberattack costs a business $XX million USD. In the same study, researchers found that 37% of companies suffered a damaged reputation and lost customer trust after a cyberattack.

Growing adoption of the cloud and constantly evolving cyberattacks are pushing the frontier of threats in the digital world. Cyber ​​defense is no longer about ensuring compliance. It is about the proactive mitigation of different types of risks. Businesses that want to preserve their digital heritage need to plan for it early in their transformation journey. Solutions that are secure in design enable organizations to combat sophisticated threats and drive targeted growth in speed and scalability. This is anticipated to propel the cyber security consulting market over the forecast period.

Restraints:

However, high initial investment and budget constraints hinder the growth of the market to some extent.

Key players:

• Accenture plc

• Akamai Technologies Inc.

• AT&T Inc.

• Atos SE

• BAE Systems plc

• Bureau Veritas

• Capgemini SE

• CGI Inc.

• CrowdStrike Holdings Inc.

• Deloitte Touche Tohmatsu Limited

• DXC Technology Company

• KPMG International Limited

• McAfee

• LLC

• and Mythics Inc.

• And Others

Market Segmentation:

Cyber Security Consulting Market, By Enterprise Size

• Small

• Medium

• Large

Cyber Security Consulting Market, By Industry Vertical

• BFSI

• Aerospace and Defense

• Retail

• IT and Telecom

• Healthcare

• Energy and Utilities

Cyber Security Consulting Market, By Region:

• North America

• Latin America

• Europe

• East Asia

• South Asia & Pacific

• Middle East & Africa

Regional Analysis:

Geographically, North America is expected to maintain a significant market share over the forecast period, mainly due to early technology adoption and well-established infrastructure availability. Additionally, the presence of major market players in this region is also a key factor to complement the growth of the cyber security consulting market in North America over the next five years.

Scope of the Report:

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