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 Investment Chapter
The IT Security Consulting industry has a low level of capital intensity. For every dollar spent on capital, an estimated $9.69 is allocated for wages. The industry is primarily reliant on labour to provide its services. Labour is a significant expense because workers are required to be 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 entering the industry has increased, pushing down the average wage.
Capital investment in the industry involves computer hardware and software, which is used for assessing and preventing client security issues... purchase to read more