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 SWOT Analysis Chapter
The IT Security Consulting industry is in the growth stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is projected to grow at an annualized rate of 9.9% in the 10 years to 2017. Over the same time period, GDP is expected to grow at a much slower annualized rate of 1.9%.
The industry's growth has largely been the result of the proliferation of broadband internet. Broadband has caused an increasing proportion of services to be conducted online, which, in turn, has caused more consumer information to be put into the cloud. The industry has also benefited from several high-profile security breaches, which have drawn the spotlight to the need for IT security... purchase to read more