PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1719352
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1719352
The U.S. IT security consulting market is projected to grow from USD 18.1 billion in 2024 to USD 22.1 billion by 2032, at a compound annual growth rate (CAGR) of 2.7%. The market is driven by increasing cyber threats, the adoption of cloud computing, and digital transformation across industries. With organizations facing sophisticated cyberattacks, including AI-powered threats and ransomware, there is a rising demand for cybersecurity consultancy to enhance defenses. Regulatory requirements like CISA, NIST, and HIPAA further fuel the need for expert consulting services, particularly in the BFSI, healthcare, and government sectors.
Key Insights
Managed security services account for 45% of the market share, as businesses outsource security operations to reduce costs and mitigate risks from cyber threats.
The cloud-based deployment segment leads the market and is expected to grow at a higher CAGR due to increased cloud adoption, which requires specialized security solutions.
Large enterprises dominate the market, representing 70% of the market share, due to their complex IT infrastructures and significant budgets allocated to cybersecurity.
The BFSI sector holds the largest share and the highest CAGR, as it faces continuous cyber risks and requires robust IT security measures to protect sensitive financial data.
SMEs are experiencing higher growth, driven by the increasing sophistication of cyber threats and their need for external security consulting to remain competitive and compliant.