Cyber Security Consulting Market to Surpass US$ 28.22 Bn by 2031: TMR Study

ALBANY, N.Y, Dec. 16, 2021 /PRNewswire/ -- Transparency Market Research: Analysts at TMR in a recent study project the cyber security consulting market to surpass US$ 28.22 Bn by 2031. Businesses in the BFSI and healthcare sectors are appraising the need for robust and multi-layered approach for security of their IT architecture.

The growing uptake of identity access management (IAM) systems is likely to spur incremental avenues for providers during the forecast period (2021 - 2031), finds the TMR study on the cyber security consulting market.

The demand for information security consulting services is growing in businesses particularly SMEs. A key pivot is the burgeoning number of cybersecurity incidents year after year. In 2020 alone after the COVID-19 outbreak, cyberattacks and data breaches soared within a matter of few months. An unmet demand for solutions for securing remote access created lucrative avenue, find the TMR analysts analyzing the cyber security consulting market.

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The World Economic Forum in its report The Global Risks Report 2020 found that there have been substantial cyber security risks from large-scale cyberattacks and breakdown of critical information infrastructure and networks. This has generated new revenue streams in the cyber security consulting market.

Key Findings of Cyber Security Consulting Market Study

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Cyber Security Consulting Market: Key Drivers

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Cyber Security Consulting Market: Regional Growth Dynamics

Cyber Security Consulting Market: Key Players

The TMR study makes an extensive analysis of strategies of various cybersecurity service providers to consolidate their positions. Some of the key players in the cyber security consulting market are:

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Global Cyber Security Consulting Market: Segmentation

Cyber Security Consulting Market, by Service Type

Cyber Security Consulting Market, by Security Type

Cyber Security Consulting Market, by Enterprise Size

Cyber Security Consulting Market, by Industry

Cyber Security Consulting Market, by Region

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