IT Security Consulting in the UK - Industry Market Research Report

Fighting back: Revenue growth accelerates in spite of inflationary pressures limiting business spending

IT security consulting firms are enjoying strong demand as increased IT adoption is requiring organisation to seek protection from IT crimes and cyberattacks. This continued technological adoption in society has expanded the potential downstream market for IT security consultants, boosting demand. Revenue volatility has remained low, as consistent demand has been delivered from the public and private sectors. Over the five years through 2023-24, industry revenue is expected to rise at a compound annual rate of 5.8% to reach £11.9 billion, including growth of 4.4% in 2023-24. This industry offers managed IT security services, such as firewall management, intrusion prevention, security threat analysis, proactive security vulnerability management, penetration testing and incident preparation and response. IT forensics are also included in the industry. 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.