Well secured: High-profile data breaches will encourage companies to invest in IT security

The increasing use of mobile devices and cloud servers to store sensitive data and the subsequent rise in technologically sophisticated cyber criminals threatening to steal that data have accelerated growth in the IT Security Consulting industry. Benefiting from the increasing adoption of e-commerce, social networking and cloud computing, industry revenue is expected to grow over the five years to 2018. IT security consultants have benefited from these trends as they increase the amount of data stored in cloud servers that require protection. Furthermore, the rise of software as a service (SaaS), a model of software deployment in which a provider licenses an application to customers for use as a service on demand, has helped raise the percentage of services conducted online...purchase to read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 13-18
5.2%
Forecast Growth 18-23
Profit
Employment
70,063
Businesses
15,711

Industry Threats & Opportunities

  • Industry operators indirectly benefit from the growing risk of potential security breaches
  • Dozens of high-profile security breaches have plagued the private sector over the past five years
  • IBISWorld estimates that private investment in computers and software will increase
  • Industry Report - Industry Locations Chapter

    The distribution of IT security consulting establishments generally reflects the US population distribution, with increased consulting density in areas with technological centers and major markets such as financial service companies, large technology corporations and government clients. The largest portion of IT consulting companies is located in the Southeast, closely followed by the Mid-Atlantic and the West.The Southeast accounts for the greatest share of IT security consulting revenue and employment, including 23.9% of the country's IT consulting establishments. This region is a popular destination for industry operators due to the proximity to Washington, DC, home to the industry's largest government clients. Virginia accounts for 6.6% of the industry's establishments. Vir...purchase to read more.

    Additional Insights for the IT Security Consulting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Security Consulting Industry are

  • Adoption of a commercial focus
  • Access to the latest available and most efficient technology and techniques
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Government consumption and investment in the IT Security Consulting industry impact industry performance..

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    What's in this report

    What is the IT Security Consulting Industry?

    This industry offers managed IT security services, such as firewalls, intrusion prevention, security threat analysis, proactive security vulnerability and penetration testing and incident preparation and response, which includes IT forensics.

    Industry Products
  • Custom security software development
  • Security systems design and integration
  • Existing security systems management
  • Industry Activities
  • Providing security compliance services
  • Providing firewall management services
  • Providing email and cloud security services
  • Providing other IT protection consulting services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Government consumption and investment
  • Number of mobile internet connections
  • Private investment in computers and software
  • Crime rate

  • Current Performance
  • The cloud emphasis
  • There has been a breach
  • High stakes in government security
  • Chart: Revenue Growth

  • Industry Outlook
  • The cloud emphasis
  • There has been a breach
  • Industry structure
  • Table: IT Security Consulting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Security Consulting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wholesale Trade
  • Information
  • Finance and Insurance
  • Healthcare and Social Assistance
  • Public Administration

  • Key Selling Industries
  • Communication Equipment Manufacturing
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Software Publishing

  • Products & Services
  • Security systems design and integration
  • Custom security software development
  • Existing security systems management
  • Other
  • Chart: IT Security Consulting Industry Products and Services Segmentation

  • Demand Determinants
  • Level of technology
  • Business profit
  • In-house IT security

  • Major Markets
  • Government
  • Healthcare
  • Education
  • Financial services
  • Information technology
  • Chart: Major Market Segmentation for the IT Security Consulting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs IT Security Consulting

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the IT Security Consulting Industry

  • Industry Globalization
    Accenture PLC, Hewlett Packard Enterprise Company, International Business Machines Corp.,
  • Table: Accenture PLC - financial performance
  • Table: Hewlett Packard Enterprise Company - financial performance
  • Table: International Business Machines Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the IT Security Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the IT Security Consulting Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Percentage of services conducted online (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cloud Computing
  • A computing model in which companies' computer applications are hosted in outside servers accessible via the internet and managed by third-party firms.
  • Hacker
  • A person who accesses a computer system by circumventing its security system.
  • Software As A Service (Saas)
  • A model of software deployment where a provider licenses an application to customers for use as a service on demand.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on IT Security Consulting provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on IT Security Consulting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The IT Security Consulting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on IT Security Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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