Industry Analysis & Industry Trends
As more services are conducted online and as cloud computing becomes standard for a wide array of activities, demand for the IT Security Consulting industry grows. Because the internet is becoming an increasing presence for businesses, the government and consumers alike, the need to secure private information has been constant, ensuring steady and quick revenue growth for the industry even during the recession. High-profile security breaches and the ever-evolving nature of sophisticated viruses will lead to industry growth into the coming years.... purchase to read more
Industry Report - Industry Investment Chapter
The IT Security Consulting industry exhibits a low level of capital intensity. In 2013, for every dollar spent on capital, about $41.73 is spent on labor, indicating a highly labor-intensive industry. The high share of revenue spent on labor costs also reflects the high level of education and skill required for industry consultants.
Capital investment in the industry is low due to the service-oriented nature of the industry. Industry operators must purchase computers and software to find and develop solutions for IT security solutions for clients. However, software tends to have a relatively short life cycle relative to other capital investments. Due to the highly technological nature of the industry, software accounts for a large portion of capital invested... purchase to read more