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Cyber Security Consulting Market to Surpass US$ 28.22 Bn by 2031: TMR Study

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Transparency Market Research: Analysts at TMR in a recent study project the cyber security consulting market to surpass US$ 28.22 Bn by 2031. Businesses in the BFSI and healthcare sectors are appraising the need for robust and multi-layered approach for security of their IT architecture.

The growing uptake of identity access management (IAM) systems is likely to spur incremental avenues for providers during the forecast period (2021 – 2031), finds the TMR study on the cyber security consulting market.

The demand for information security consulting services is growing in businesses particularly SMEs. A key pivot is the burgeoning number of cybersecurity incidents year after year. In 2020 alone after the COVID-19 outbreak, cyberattacks and data breaches soared within a matter of few months. An unmet demand for solutions for securing remote access created lucrative avenue, find the TMR analysts analyzing the cyber security consulting market.

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The World Economic Forum in its report The Global Risks Report 2020 found that there have been substantial cyber security risks from large-scale cyberattacks and breakdown of critical information infrastructure and networks. This has generated new revenue streams in the cyber security consulting market.

Key Findings of Cyber Security Consulting Market Study

  • Companies Offering Secure Remote Workforce Access Solutions: Information systems in corporate sector have witnessed rise in cyber security risks from the trend of remote workforce access in recent months. This has propelled the adoption of solutions that can secure the endpoints and other potential risks for enterprises.
  • BFSI Sector to Generate Vast Revenue Streams: The BFSI sector is increasingly witnessing adoption of robust security policy frameworks that can prevent potential cyber security attacks. Players are offering comprehensive cyber security measures and tools to meet the emerging needs. The opportunities in the BFSI industry are projected to expand at remarkable growth rate during the forecast period, finds the TMR study.
  • Growing Investments in Cybersecurity in Healthcare Industry: The demand for cyber security remediation services for the healthcare industry has opened a lucrative avenue, finds the analysis on the cyber security consulting market. Growing investments in healthcare IT solutions are helping expand the market prospect for solutions that promote proactive security approaches.
  • Proactive Multi-layered Strategies to Gather Traction: Service providers are adopting multi-layered strategy that enable customers to detect and respond to threats. IT service providers are witnessing value-grab opportunities from awareness about multi-layered email strategy for businesses in the BFSI industry.

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Cyber Security Consulting Market: Key Drivers

  • Growing trend of bring your own device (BYOD) in enterprises and the growing complexity of networks in organizations in non-IT sectors have propelled the demand for cyber security consulting services
  • Demand for managed security services in various organizations is anchored in the burgeoning risk of cyber security attacks. This is a key driver for sales, notes the in-depth research report on the cyber security consulting market.

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Cyber Security Consulting Market: Regional Growth Dynamics

  • North America is anticipated to hold a major share of the global cyber security consulting market. Rise in government spending on cybersecurity architecture, especially in the U.S. and constant innovation in information systems of organizations across the government sector is fueling market growth.
  • The Asia Pacific cyber security consulting market is projected to expand at a significant CAGR during the forecast period. The rapid penetration of e-commerce in various economies has spurred cyber security risks, thereby propelling the market.

Cyber Security Consulting Market: Key Players

The TMR study makes an extensive analysis of strategies of various cybersecurity service providers to consolidate their positions. Some of the key players in the cyber security consulting market are:

  • Sophos Group plc.
  • McAfee, LLC
  • KPMG International Limited
  • Deloitte Touche Tohmatsu Limited
  • Capgemini SE
  • CGI Inc,
  • Bureau Veritas
  • BAE Systems plc
  • Atos SE
  • AT&T Inc.
  • Akamai Technologies, Inc.

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Global Cyber Security Consulting Market: Segmentation

Cyber Security Consulting Market, by Service Type

  • ISO 27001 Consulting and ISO 27001 Training and ISO 27001 Auditing
  • TISAX Consulting and TISAX Training and TISAX Auditing
  • Data Protection Consulting and Data Protection Training and Data Protection Auditing
  • ISMS-as-Service
  • Cyber Security Management System Consulting (IT, Embedded, etc.) etc.) + Cyber Security Management System Training + Cyber Security Management Systems Auditing
  • Data-protection-as-a-Service (DPaaS)
  • Data Protection Consulting, Data Protection Training, Data Protection Auditing
  • Managed Security Services (MSS)
  • Managed Detection & Response (MDR)
  • Managed Security Incident and Event Management (SIEM)
  • Vulnerability and Compliance Management

Cyber Security Consulting Market, by Security Type

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Others (Content Security, ICS Security, etc.)

Cyber Security Consulting Market, by Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprises

Cyber Security Consulting Market, by Industry

  • BFSI
  • IT & Telecom
  • Automotive
  • Retail
  • Government and Defense
  • Manufacturing
  • Healthcare
  • Energy & Utility
  • Others

Cyber Security Consulting Market, by Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • South America

Browse Latest IT & Telecom Market Research Reports by TMR:

  • Banking Cybersecurity Market – Banking cybersecurity market is rapidly growing and is expected to witness a significant growth during the forecast period. With the increase penetration of technology, banking customers are expecting more digitalization and modernization in their financial services. Therefore, many organizations such as IBM Corporation, Intel Security and others are manufacturing cybersecurity systems for banks as they are focused on their customer’s requirements.

  • Automotive Cyber security Market – With autonomous vehicles and connected cars around the corner and the transformation of transportation, one of the biggest that the automotive industry would face is vehicle cyber-attacks. The various electrical components in a vehicle are connected by means of an internal network and if hackers gain access to a peripheral electronic control unit, they could take complete control of safety critical components such as engines or brakes.

  • Entry Level Cybersecurity Solutions Market – Cybersecurity is a collaboration of tools, policies, security concepts, security guidelines, risk management approaches, actions, training, practices, assurance, and technologies that can be used to safeguard the cyber environment and protect an organization’s and user’s digital assets. In line with progress in the information technology industry and its extended areas, businesses are adopting advanced technologies such as cloud-based services in their business operations.

Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

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Homestyler to Recruit First Batch of Global Partners in 20 Countries

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MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

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