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E security news January 14th according to the latest report released by MarketsandMarkets, information security consulting market in the overall size of the year 2016 was $16 billion 120 million, which amount to 2021 will increase to $26 billion 150 million, which means that the compound annual growth rate will reach 10.2% (CAGR).
Driven by the rapid development of this market is mainly due to the rapid increase of network complexity caused by emerging, acquisition and deployment of third party applications. The reason why this market will usher in rapid growth, because the Internet of things, BYOD trends and the rapid increase in the deployment of Web and cloud business applications will bring more urgent security needs.
Application security will usher in the most impressive average annual growth rate of the role of network security solutions to protect the network infrastructure and access to various types of equipment. Significant growth in the Internet of things, BYOD trends and the number of networking devices and applications means that the impact of APT will expand rapidly. Application security is expected to become the world’s largest portfolio of information security consulting market average annual growth rate. The North American market is expected to occupy the largest proportion of the share, which is mainly due to the higher awareness of network security in North America and the use of security consulting services earlier.
Aerospace and defense vertical market in 2016 occupied the highest proportion of the share of information security consulting market is also divided into various vertical industries, in which the demand for security consulting services is most urgent when the number of the aerospace and defense industry verticals, this is because the vertical industry related to the large number of key data and application might be used to trigger serious threat. In addition, the government and public utilities, banking, financial services and insurance (referred to as BFSI), as well as IT and Telecommunications vertical industry is expected to be in the next few years will occupy a considerable proportion of the market.
North America is expected to be in the dominant area of North America due to higher level of technology and the network security consulting service time earlier, it is expected to occupy the highest share of the global information security consulting in the market.
The Asia Pacific market is expected to usher in a compound annual growth rate is the highest, this growth mainly from the Asia Pacific region, especially India and Chinese huge business opportunities in technology adoption and contribution of cross industry vertical market areas.
At present, some of the major suppliers in this market include Ernst
SE (France), DDT (UK), KPMG (UK), PWC (UK), BAE Systems (UK), HPE (USA) and Wipro Ltd. (India).
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