Industry Analysis & Industry Trends
Information technology (IT) security is an ongoing concern for all businesses. The heavy reliance on computers for achieving most office tasks has been accepted since the beginning of the millennium. Over the past five years, Australian businesses' reliance on computing technology has increased as new technologies have allowed them to increase their 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 that can be sensitive. Furthermore, the introduction of smartphones has allowed much of this data to be accessed nearly anywhere... purchase to read more
Industry Report - Industry Investment Chapter
The IT Security Consulting industry has a low level of capital intensity. The industry is primarily reliant on enlisting labour to provide its services. Labour is also a significant expense because the industry requires workers that are skilled in IT security, sales and client retention. Over the past five years, the level of capital intensity has increased as the number of qualified graduates able to enter the industry has increased, pushing down the average wage.
Capital investment in the industry revolves around the use of computer hardware and software, which is used for assessing and preventing client security issues... purchase to read more