- The key vendors in the global IT security consulting services market 2015-2019 are Accenture plc, Deloitte Touche Tohmatsu Ltd., Ernst & Young Global Ltd. (E&Y), EMC Corp., Hewlett-Packard Company (HP), IBM Corp., KPMG International, and PricewaterhouseCoopers (PwC).
London, 28 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global IT security consulting services market 2015-2019. The increasing scope for mergers and acquisitions is a key trend that is expected to drive market growth. Prominent vendors prefer to enter the market through acquisition of niche players who have superior technology consulting solutions. Moreover, increasing competition to provide integrated security consulting solutions has compelled vendors to increase their market presence through M&A. The global IT security consulting services market is expected grow at a CAGR of 7.02% for the forecast period of 2014-2019.
Market growth depends heavily on the increased usage of desktop PCs, laptops, and printers across the organization, and has led to the adoption of proactive endpoint risk management solutions. Rapid growth of the IT industry has increased the need for forensic and incident investigation solutions that capture and store real-time network and device data, highlighting data breaches. These solutions help recognize, examine, and mitigate frauds occurring within an organization.
“A rising number of small and medium enterprises, particularly in the manufacturing, retail, and banking sectors, are looking for security consulting services to protect critical business information,” says Faisal Ghaus, Vice President of Technavio Research.
“IT security consulting services support an organization’s growth by addressing its security requirements and streamlining its business processes and improving operational efficiency.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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