Information security consulting is a professional service, through which security vendors leverage their high-value expertise, advisors, and consultants to provide security guidance to clients and mitigate existing, as well as, potential cyber threats in client’s organizations.

The service ensures protection of the organization’s critical IT infrastructure and confidential information. The primary objective of deploying information security consulting services by organizations around the globe, is to get proactive security from advanced persistent threats, zero-day attacks, and other cyber threats. Companies require core competency in cyber security, security infrastructure, and visualization to settle on information-driven security decisions.

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The Information Security Consulting Market size is expected to grow from USD 16.12 Billion in 2016 to USD 26.15 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.2% by 2021

Application security to grow at the highest CAGR from 2016 to 2021

1. Cyber security solutions are used to secure the network infrastructure and the devices connected through it. The emerging IoT, BYOD trends, and connected number of devices & applications are susceptible to Advanced Persistent Threats (APTs).
2. Application security is expected to witness the highest CAGR in the global information security consulting market during the period of 2016–2021. North America is expected to account for the largest market share in 2016, due to the greater awareness of cyber security and early adoption of security consulting services in this region.

The increasing adoption of information security consulting services in aerospace and defense, government and public utilities, banking, financial services, and insurance (BFSI), and IT and telecom is fuelling the growth of the market.

Aerospace and Defense

1. Security threats in the aerospace and defense vertical are increasing at an alarming rate. This sector is targeted with the purpose to extract highly confidential and sensitive data of critical sectors, including the government, prime contractors, and suppliers.
2. The existence of big data and increased digitization in almost all the activities of the armed forces leads to high chances of being attacked by cybercriminals. Next-generation firewalls, intrusion prevention systems, anti-malware gateways, and endpoint security applications are capable of protecting data from known threats, but attackers have innovated many techniques to bypass these products and access confidential data.
3. The information security consulting companies provide a wide range of security consulting services to the aerospace and defense vertical. The consultants provides robust information security policies and strategies to address potential cyber threats.

The market includes a large number of vendors providing information security consulting services, for instance, Ernst & Young (U.K.), IBM Corporation (U.S.), Accenture plc (Ireland), Atos SE (France), Deloitte (U.K.), KPMG (U.K.), PwC (U.K.), BAE Systems plc (U.K.), Hewlett Packard Enterprise (U.S.), and Wipro Limited (India).

IBM Corporation is another such prominent player in the market. The fundamental objective of IBM is to meet every industry client requirement and in addition, provide new advancements in information security consulting. The organization serves clients across different industries, for example, IT, healthcare, life sciences, government, telecom, automobile, manufacturing, Fast Moving Consumer Goods (FMCG), chemicals & petroleum, electronics, energy & power, media & entertainment, mining, retail, Banking, Financial Services & Insurance (BFSI), travel & transportation, and education.

The company has its presence in North America, Europe, APAC, MEA, and Latin America. The organization follows both organic as well as inorganic growth strategies for expansion of its market share. For instance, in August 2016, the company launched a group of cyber security professionals and ethical hackers named IBM X-Force Red that helps clients proactively mitigate security risks. Moreover, in February 2016, the company formed a strategic threat prevention alliance with Checkpoint Software Technologies Ltd. and increased investments in consulting and managed security services.