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 - Industry Key Buyers Chapter
Concentration in the IT Security Consulting industry is low. Large multinational IT consultancies do exist, often catering to significant market segments such as large corporations and government entities. However, the industry is highly fragmented due to the variety of services available and the ability of smaller consultancies to provide their services to smaller businesses without being threatened by larger players. The level of concentration is increasing, as larger players attempt to bring more services under their umbrella by acquiring smaller, specialty firms.
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