Artificial Intelligence
Worldwide IT Security Consulting Services Market Size Figure is Projected to Grow $101.12 Billion, at a CAGR of 13.5% during 2023-2030
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Washington, DC, April 27, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “IT Security Consulting Services Market By Security Type (Application Security, Database Security, Endpoint Security, Network Security), By End-User (Aerospace & Defense, Banking, Financial Services, & Insurance (BFSI), Government & Public Utilities, Healthcare, IT & Telecom, Manufacturing & Retail, Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global IT Security Consulting Services Market size & share in terms of revenue was valued at USD 27.24 billion in 2022 and it is expected to surpass around USD 101.12 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 13.5% during the forecast period 2023 to 2030.”
What are IT Security Consulting Services? How big is the IT Security Consulting Services Industry?
Report Overview:
The global IT security consulting services market size was valued at USD 27.24 Billion in 2022 and is expected to reach USD 101.12 Billion by 2030, growing at a compound annual growth rate (CAGR) of 13.5% during the forecast period.
IT security consulting services involve the assessment, design, implementation, and management of security measures to protect an organization’s information systems and data from cyber threats. These services help businesses identify security vulnerabilities & risks, develop security strategies & policies, and implement technical solutions to safeguard against attacks. IT security consulting services include network security, data protection, application security, cloud security, identity and access management, compliance & regulatory requirements, and incident response planning. With the growing frequency and sophistication of cyber-attacks, businesses of all sizes and industries are seeking the expertise of IT security consultants to mitigate risks and protect their sensitive data. The IT security consulting services market is expected to continue its growth trend due to the increasing demand for end-to-end security solutions and compliance with regulatory requirements.
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Global IT Security Consulting Services Market: Growth Factors
The global IT security consulting services market is driven by several factors such as the increasing number of cyber threats, data breaches, and stringent government regulations. The adoption of cloud-based services and digital transformation initiatives, along with the need for end-to-end security solutions, are also driving the demand for IT security consulting services. Additionally, the growing awareness among organizations about the benefits of proactive security measures and the need for expert guidance to address complex security challenges further drives the growth of the market.
In addition, the increasing adoption of advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT), which require specialized security consulting services create ample opportunities. The emergence of new threats such as ransomware and Distributed Denial of Service (DDoS) attacks also presents new opportunities for the growth of IT security consulting services industry. However, the high cost of IT security consulting services and the lack of skilled professionals in the market may act as restraints to market growth.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 27.24 billion |
| Projected Market Size in 2030 | USD 101.12 billion |
| CAGR Growth Rate | 13.5% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | Accenture, Deloitte, IBM, PwC, Ernst & Young, KPMG, Booz Allen Hamilton, Cognizant, DXC Technology, Wipro, Capgemini, Tata Consultancy Services, Atos, NTT Data, Verizon, SecureWorks, Trustwave, Symantec, McAfee, and Check Point among others. |
| Key Segment | By Security Type, By End-User, And By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
IT Security Consulting Services Market: Segmentation Analysis
The global IT security consulting services market is segmented based on security type, end-user, and region.
Based on security type, the market is segmented into application security, database security, endpoint security, and network security. The network security segment held the largest market share in 2022 and is further anticipated to grow rapidly at a significant CAGR during the forecast period. This is mainly due to the increasing number of cyber-attacks on enterprise networks and the need for advanced security solutions to protect against them. Network security consulting services include services such as vulnerability assessment, penetration testing, firewall management, and intrusion detection and prevention. With the growing adoption of cloud-based services and remote workforces, the demand for network security consulting services is expected to continue its growth trend.
Based on end-user, the market is segmented into Aerospace & Defense, Banking, Financial Services, & Insurance (BFSI), Government & Public Utilities, Healthcare, IT & Telecom, Manufacturing & Retail, and Others. The BFSI segment held the largest market share in 2022 and is further projected to grow at a notable CAGR during the forecast period. This is mainly due to the increasing number of cyber threats and the need to protect sensitive financial data. The BFSI sector is heavily regulated, with compliance requirements such as PCI DSS, SOX, and GDPR, driving the demand for IT security consulting services.
The healthcare and government sectors are also expected to be significant contributors to the IT security consulting services market due to the increasing use of electronic medical records and government initiatives to digitize services. The retail sector is also witnessing significant growth due to the increasing adoption of e-commerce and the need for secure payment processing systems.
The global IT Security Consulting Services market is segmented as follows:
By Security Type
- Application Security
- Database Security
- Endpoint Security
- Network Security
By End-User
- Aerospace And Defense
- Banking
- Financial Services
- Insurance (BFSI)
- Government And Public Utilities
- Healthcare
- IT And Telecom
- Manufacturing & Retail
- Others
Browse the full “IT Security Consulting Services Market By Security Type (Application Security, Database Security, Endpoint Security, Network Security), By End-User (Aerospace & Defense, Banking, Financial Services, & Insurance (BFSI), Government & Public Utilities, Healthcare, IT & Telecom, Manufacturing & Retail, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030”– Report at https://www.zionmarketresearch.com/report/it-security-consulting-services-market
Competitive Landscape
Some of the main competitors dominating the global IT Security Consulting Services market include –
- Accenture
- Deloitte
- IBM
- PwC
- Ernst & Young
- KPMG
- Booz Allen Hamilton
- Cognizant
- DXC Technology
- Wipro
- Capgemini
- Tata Consultancy Services
- Atos
- NTT Data
- Verizon
- SecureWorks
- Trustwave
- Symantec
- McAfee
- and Check Point
- Among Others.
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the global IT security consulting services market is expected to grow annually at a promising CAGR of around 13.5% during the forecast period 2023-2030.
- In terms of revenue, the global IT security consulting services market size was valued at around USD 27.24 billion in 2022 and is expected to reach USD 101.12 billion by 2030.
- One of the key factors driving the global IT security consulting services market is owing to the increasing number of cyber-attacks on organizations’ IT infrastructure leading to businesses investing in IT security consulting services to improve their cybersecurity posture and protect against potential threats.
- Based on security type, the network security segment held the largest market share in 2022.
- Based on end-user, the BFSI segment held the dominating market share in 2022.
- Based on region, the North American region held the largest market share in 2022.
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Key questions answered in this report:
- What is the market size and growth rate forecast for IT Security Consulting Services industry?
- What are the main driving factors propelling the IT Security Consulting Services Market forward?
- What are the leading companies in the IT Security Consulting Services Industry?
- What segments does the IT Security Consulting Services Market cover?
- How can I receive a free copy of the IT Security Consulting Services Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Security Type, By End-User, And By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
The North American region held the dominating market share in 2022 and is further predicted to continue this trend during the forecast period. North America is expected to be the largest market for IT security consulting services due to the high adoption of advanced technologies and the increasing number of cyber-attacks in the region. The growing digital transformation initiatives, increasing use of cloud-based services, and the presence of a large number of multinational companies are driving the demand for IT security consulting services in North America.
The United States is expected to dominate the market in the region, followed by Canada and Mexico. Furthermore, the presence of major players in the region such as IBM, Accenture, and Deloitte is contributing to the growth of the market. The increasing government initiatives and regulations related to data privacy and security are also driving the demand for IT security consulting services in North America.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Recent Developments
- In January 2022, Accenture Security announced the acquisition of BrightStep Partners, a cybersecurity consulting firm based in Sweden. The acquisition will strengthen Accenture’s cybersecurity consulting services in the Nordics and Europe, helping clients to improve their cybersecurity posture and manage risks.
- In March 2022, IBM Security announced the acquisition of Persistent Systems’ cybersecurity business unit to expand its security consulting services capabilities. The acquisition will help IBM Security to deliver integrated security solutions to its clients, covering risk management, compliance, and cybersecurity consulting services.
- In December 2021, Deloitte announced the acquisition of Sentek Consulting, a cybersecurity and risk management consulting firm based in the United States. The acquisition will help Deloitte to expand its cybersecurity consulting services capabilities, particularly in the government and public sector.
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/it-security-consulting-services-market
FREQUENTLY ASKED QUESTIONS
- What are IT Security Consulting Services?
- At what CAGR, the global IT security consulting services market will expand during forecast years?
- What will be the market value of global IT security consulting services market by the end of 2030?
- What are the factors driving the global IT security consulting services market growth?
- Which region will contribute notably towards the IT security consulting services market value?
- Who are the leading players in the global IT security consulting services market?
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Artificial Intelligence
Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research
BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.
Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.”
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.
A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
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Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
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Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
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For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Artificial Intelligence
Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research
The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/5117
Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
CAGR
10.9 %
No. of Pages in Report
250
Segments covered
Range, End User, Distribution Channel, and Region
Drivers
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Opportunities
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Restraints
Less adoption in developing markets
Regular maintenance and repair costs
Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/64e274edbc38210d8eac6958c5995e56
The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/5117
Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:https://blog.alliedmarketresearch.com/consumer-goods
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