The global cyber security consulting market is expected to grow at a significant CAGR during the forecast period. The major factors boosting the growth of the global cyber security consulting market include the rising prevalence of cyber security incidences. Additionally, the rise in Bring Your Own Device (BYOD) policy adoption is also propelling the growth of the market. According to the report of the Federal Bureau of Investigation’s internet crime report 2020, 791,790 complaints of the suspected internet crime were reported with a rise from 300,000 complaints in 2019. According to the Data Breach Investigations Report 2021, by Verizon Inc., phishing was the most common breach accounting for 43% of the total breaches.
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Every organization operating in a variety of industry verticals has a variety of obstacles, ranging from rules and regulations to extremely sophisticated data security threats. As a result, firms must provide ongoing counselling to keep up with the evolving landscape of cybercrime to limit the dangers associated with these crimes.
BYOD policy implementation has seen a peak in rising in the last few years, as organizations are looking to improve work efficiency and reduce the cost of operation. With the advantages of the BYOD, there are disadvantages too such as risks associated with the malicious content from the mobile apps or the fraud emails, as the mobile devices constitute a large portion of the BYOD ecosystem. Hence, the organizations are moving towards cyber security consultants that are contributing to the growth of the market.
The key players contributing to the growth of the global cyber security consulting market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include Capgemini, Cisco, IBM Corporation, and Optive Security among others. For instance, in September 2021, ABSG Consulting Inc. Launched an integrated new cybersecurity service intended to manage, monitor, and decrease the rising threats of Operational Technology (OT) cyber-attacks.
Global Cyber Security Consulting Market by Segments
By Type
- Network security
- Application security
- Mobile security
- Wireless security
- Cloud security
- Others
By Solution
- Disaster recovery
- Anti-malware and anti-virus
- Mobile device management
- Firewalls
- Authentication and authorization
- Intrusion detection and protection systems (id/ip systems)
- Network access control
- Data loss prevention
- Encryption
- Ddos mitigation
- Security information and event management (siem)
- Whitelisting
- Other
By Industry Vertical
- BFSI
- Aerospace and Defense
- Retail
- IT and Telecom
- Healthcare
- Energy and Utilities
- Others
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Cyber Security Consulting Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Capgemini
- Cisco Systems Inc.
- IBM Corp.
- ABSG Consulting Inc.
- Optive Security
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