IT Security Consulting in Australia - Industry Market Research Report

Secure IT: Rising government investment against cyberattacks will give revenue a security blanket

The IT Security Consulting industry has been continuing to expand. As technology has become more advanced and cloud computing uptake has risen, consumers and businesses alike have become more reliant on online technologies and systems. Cloud computing has changed how firms access and use data, since it's now often stored in off-site cloud storage centres that can be accessed remotely. As a result, businesses can use big data techniques to analyse large amounts of personal and proprietary data. Mounting telecommunications adoption and internet subscriptions have fuelled industry growth, causing revenue to climb at an estimated annualised 5.3% to $8.2 billion over the five years through 2022-23. This trend includes an anticipated uptick of 1.7% in 2022-23, as high-profile data breaches encourage businesses to spend more money on IT security consulting services.

IT security consultants provide managed IT security services, including firewall and intrusion prevention, security threat analysis, and proactive security vulnerability and penetration testing. The industry also provides incident preparation and response, including IT forensics.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.