Industry Analysis & Industry Trends
Information technology (IT) security is an ongoing concern for all businesses. Over the past five years, Australian businesses' reliance on computing technology has increased, as new technologies have allowed them to increase productivity significantly. The increasing accessibility of broadband internet means that businesses now engage in large levels of data transfer. This has helped facilitate the rise of ‘big data', where many businesses have been able to gather large amounts of data, which may be sensitive. Furthermore, the introduction of smartphones has allowed much of this data to be accessed nearly anywhere.
These advancements have meant that new security concerns have arisen over the past five years, leading to increasing demand for IT security consultants... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the IT Security Consulting industry are expected to be medium. Entry into the industry requires little start-up capital outside of what is necessary to purchase operating systems and other software and hardware. Despite this, the industry is heavily characterised by a high knowledge base stemming from both a technical and business orientated perspective. IT security consultants are often required to have a background in computing, especially in coding and computer systems. This allows them to understand security concerns and related issues that affect IT security.
New entrants also need to compete against large international IT companies for a share of the industry... purchase to read more