Securing growth: Cloud-based computing has driven industry demand and revenue growth

IT security is an ongoing concern for all businesses. Consumers and businesses have become increasingly reliant on computing technology over the past five years, as new technologies have facilitated significant increases in productivity. The increasing accessibility of broadband internet means that businesses can easily transfer considerable volumes of data. Due to the rising uptake of cloud computing, this data can often be accessed from anywhere in the world. This trend has enabled the rise of big data, a phenomenon in which businesses gather large amounts of personal and proprietary data, which is typically sensitive and intended to be more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Rising cybercrime concerns have supported strong industry growth over the past five years
  • High-profile security breaches over the period have demonstrated the need for cyber security strategies
  • The NBN will encourage businesses to take up cloud computing facilities, boosting industry demand
  • Industry Report - Industry Analysis Chapter

    Information technology has been playing an increasingly important role in Australian economic growth over the past five years. Smartphones and high-speed broadband internet have made business services more accessible for individuals. However, new risks have emerged in relation to information security. The growing prevalence of high-profile data breaches and cyber attacks, such as distributed denial of service (DDoS) attacks, have fuelled demand for IT security consultants over the past five years. Industry profitability has also increased, as industry players have been able to derive higher margins from providing more specialised security services as more firms have rolled out their own enterprise-specific software. The...purchase to read more.

    Additional Insights for the IT Security Consulting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Security Consulting Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Highly trained workforce
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Capital expenditure on computer software and Demand from computer system design services in the IT Security Consulting industry impact industry performance..

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    What's in this report

    What is the IT Security Consulting Industry?

    The industry offers managed IT security services. These services include firewall and intrusion prevention, security threat analysis and proactive security vulnerability and penetration testing. Industry services also include incident preparation and response, including IT forensics.

    Industry Products
  • Data security services
  • Threat assessment services
  • Managed security services
  • Other services
  • Industry Activities
  • IT security threat assessment
  • IT security management
  • IT security consulting
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Capital expenditure on computer software
  • Demand from computer system design services
  • Internet connections
  • Number of businesses

  • Current Performance
  • New platforms
  • Security concerns
  • Service providers
  • Chart: Revenue Growth

  • Industry Outlook
  • Heightened awareness
  • Cybercrime trends
  • New technology
  • Industry structure
  • Table: IT Security Consulting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Security Consulting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information Media and Telecommunications
  • Financial and Insurance Services
  • Professional, Scientific and Technical Services
  • Public Administration and Safety

  • Key Selling Industries
  • Computer and Software Retailing
  • Data Processing and Web Hosting Services
  • Internet Service Providers

  • Products & Services
  • Managed security services
  • Data security services
  • Threat assessment services
  • Other services
  • Chart: IT Security Consulting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Service providers
  • Other markets
  • Retailers and wholesalers
  • Government departments
  • Utilities and infrastructure companies
  • Manufacturers
  • Chart: Major Market Segmentation for the IT Security Consulting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs IT Security Consulting

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the IT Security Consulting Industry

  • Industry Globalization
    IBM A/NZ Holdings Pty Limited,
  • Table: IBM A/NZ Holdings Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the IT Security Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the IT Security Consulting Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cyber Espionage
  • The act of obtaining undisclosed information or data via electronic means without the permission of the owner.
  • Endpoint Security
  • A form of network protection that requires connected devices to be authenticated before access is granted.
  • Ransomware
  • Malicious software designed to block access to a computer system until a specified sum is paid to the attacker.
  • Security-As-A-Service (Secaas)
  • An outsourcing model for IT security management, where service providers integrate their security services into a corporate infrastructure on a subscription basis
  • Trojan Horse
  • A self-replicating form of malicious software that is disguised as a legitimate form of computer data while secretly granting illegitimate third-party access.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s IT Security Consulting market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on IT Security Consulting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The IT Security Consulting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on IT Security Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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