The global cyber security consulting market is expected to grow at a significant CAGR during the forecast period. The major factors boosting the growth of the global cyber security consulting market include the rising prevalence of cyber security incidences. Additionally, the rise in Bring Your Own Device (BYOD) policy adoption is also propelling the growth of the market. According to the report of the Federal Bureau of Investigation’s internet crime report 2020, 791,790 complaints of the suspected internet crime were reported with a rise from 300,000 complaints in 2019. According to the Data Breach Investigations Report 2021, by Verizon Inc., phishing was the most common breach accounting for 43% of the total breaches.

Every organization operating in a variety of industry verticals has a variety of obstacles, ranging from rules and regulations to extremely sophisticated data security threats. As a result, firms must provide ongoing counselling to keep up with the evolving landscape of cybercrime to limit the dangers associated with these crimes.

BYOD policy implementation has seen a peak in rising in the last few years, as organizations are looking to improve work efficiency and reduce the cost of operation. With the advantages of the BYOD, there are disadvantages too such as risks associated with the malicious content from the mobile apps or the fraud emails, as the mobile devices constitute a large portion of the BYOD ecosystem. Hence, the organizations are moving towards cyber security consultants that are contributing to the growth of the market.

The key players contributing to the growth of the global cyber security consulting market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include Capgemini, Cisco, IBM Corporation, and Optive Security among others. For instance, in September 2021, ABSG Consulting Inc. Launched an integrated new cybersecurity service intended to manage, monitor, and decrease the rising threats of Operational Technology (OT) cyber-attacks. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type

o By Solution

o By Industry Vertical

• Regions covered-

o North America

o Europe

o Asia Pacific

o Rest of the World

• Competitive Landscape- Capgemini, Cisco Systems Inc., IBM Corp., ABSG Consulting Inc., and Optive Security among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Cyber Security Consulting Market by Segments

By Type

• Network security
• Application security
• Mobile security
• Wireless security
• Cloud security
• Others

By Solution

• Disaster recovery
• Anti-malware and anti-virus
• Mobile device management
• Firewalls
• Authentication and authorization
• Intrusion detection and protection systems (id/ip systems)
• Network access control
• Data loss prevention
• Encryption
• Ddos mitigation
• Security information and event management (siem)
• Whitelisting
• Other

By Industry Vertical

• BFSI
• Aerospace and Defense
• Retail
• IT and Telecom
• Healthcare
• Energy and Utilities
• Others

Global Cyber Security Consulting Market by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe 

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific 

Rest of the World

• Latin America 
• Middle East & Africa