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. ALBANY, N.Y,Dec. 16, 2021/PRNewswire/ --Transparency Market Research:Analysts at TMR in a recent study project thecyber security consulting marketto...

ALBANY, N.Y, 16/12/2021 (informazione.it - comunicati stampa - politica e istituzioni)

ALBANY, N.Y , Dec. 16, 2021 /PRNewswire/ -- 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.

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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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