Cyber Security Consulting Market - Size, Share, Industry Trends, and Forecasts (2025-2032)

By Service Type:

Based on the Service Type, the market is categorized into Data-protection-as-a-Service (DPaaS), Managed Security Services (MSS), Managed Detection & Response (MDR), Managed Security Incident and Event Management (SIEM), Vulnerability and Compliance Management, and Others.

Trends in the Service Type:

• Increasing trend towards the adoption of cloud-based DPaaS solutions to address the growing volume of data, coupled with the need for scalable and cost-effective data protection.
• Traditional SIEM is evolving into more sophisticated platforms that integrate with Security Orchestration, Automation and Response (SOAR) technologies and advanced threat intelligence feeds.

Managed Security Services (MSS) accounted for the largest revenue share in 2024.

• The steep volume of security alerts generated by various security tools is driving the need for MSS providers to filter, prioritize, and respond effectively.
• Additionally, securing cloud environments requires specialized skills and tools and MSS providers offer expertise in cloud security, helping organizations protect their data and applications in the cloud.
• Moreover, MSS providers offer proactive services like threat hunting and continuous monitoring to identify and mitigate threats, further boosting the cyber security consulting market size.
• For instance, in Aug 2023, Schneider Electric launched a new Managed Security Services (MSS) offering specifically designed to help customers in operational technology (OT) environments combat rising cyber risks linked to remote access and connectivity. Leveraging their global Cybersecurity Connected Service Hub (CCSH), Schneider Electric will provide flexible services to monitor OT cyber threats and proactively manage responses for their clients.
• Thus, as per the cyber security consulting market analysis, the aforementioned factors are driving the Managed Security Services (MSS) segment.

Managed Detection & Response (MDR) is predicted to register the fastest CAGR during the forecast period.

• Cyberattacks are utilizing techniques like ransomware, APTs, and zero-day exploits, creating need for MDR that can proactively hunt for and neutralize these complex threats.
• The growing expense for organizations to build and maintain in-house security operations center (SOC) is raising the need for MDR services to provide access to experienced security analysts.
• MDR providers offer solutions tailored for complex cloud and hybrid IT infrastructures, providing comprehensive visibility and threat detection across diverse platforms.
• For instance, in July 2024, ivision partnered with Expel to offer its clients Expel's 24/7 managed detection and response solutions. This collaboration aims to bolster ivision clients' security against evolving threats by providing rapid detection and response across diverse environments, including cloud, SaaS, endpoint, and more. Expel's AI and automation-driven MDR boasts impressive metrics, including a mean-time-to-detect of 1.7 minutes and an 87% reduction in mean-time-to-remediate with auto-remediation.
• Therefore, as per cyber security consulting market analysis, the above-mentioned factors are collectively responsible in driving the Managed Detection & Response (MDR) segment during the forecast period.

By Security Type:

Based on the Security Type, the market is classified into Network Security, Endpoint Security, Application Security, Cloud Security, and Others.

Trends in the Security Type:

• Increased trend towards the adoption of Extended Detection and Response (XDR), crucial for comprehensive endpoint protection by integrating data and providing broader visibility.
• Utilizing automated tools for static and dynamic application security testing (SAST/DAST) and interactive application security testing (IAST) to identify vulnerabilities efficiently.

Network Security accounted for the largest revenue share of 41.33% in 2024 and is also projected to register fastest CAGR.

• Utilizing artificial intelligence and machine learning to analyze network traffic, identify anomalies, and predict/prevent sophisticated attacks in real-time is driving the cyber security consulting market demand.
• Integrating network security data with endpoint, cloud, and other security layers for a holistic view of threats and faster, more effective response, thereby driving the market trend.
• Combining network security functions (firewalls and secure web gateways) with SD-WAN capabilities into a unified, cloud-delivered service to secure distributed workforces.
• For instance, in Nov 2024, Zyxel Networks introduced SecuPilot, an AI assistant integrated into its SecuReporter Cloud Analytics Service. This new feature utilizes generative AI to provide IT professionals with rapid access to actionable network insights, enabling quicker identification and response to security threats.
• Thus, as per the cyber security consulting market analysis, the aforementioned factors are driving network security segment.

By Enterprise Size:

Based on the Enterprise Size, the market is categorized into Small & Medium Enterprise and Large Enterprises.

Trends in the Enterprise Size:

• SMEs are becoming targets for cybercriminals due to the perception of weaker security postures compared to larger enterprises.
• Large enterprises face greater regulatory pressures and the potential for significant financial and reputational damage from breaches.

Large Enterprises accounted for the largest revenue share in the market in 2024.

• Large enterprises are investing in sophisticated solutions like Security Information and Event Management (SIEM), Security Orchestration, Automation and Response (SOAR), and advanced threat intelligence.
• Adoption of Zero Trust models is a key trend to enhance security beyond traditional perimeter defenses.
• Large enterprises are implementing AI-powered tools for threat detection, behavioural analysis, and security automation.
• For instance, in Feb 2022, Tata Consultancy Services (TCS) introduced its Cyber Defense Suite, a platform offering a range of modular and rapidly deployable cybersecurity services. The suite delivers comprehensive visibility and predictive intelligence from a unified platform, enabling proactive defense and response against the increasing and evolving landscape of cyber threats.
• In conclusion, the aforementioned factors are contributing to the growth of global cyber security consulting market expansion.

Small & Medium Enterprise is predicted to register the fastest CAGR during the forecast period.

• SMEs lack dedicated cybersecurity staff and struggle with budget constraints for robust security solutions and in-house expertise.
• There is a growing recognition among SMEs about the importance of cybersecurity to prevent financial losses and reputational damage.
• Due to limited internal resources, SMEs commonly rely on Managed Security Service Providers (MSSPs) for their cybersecurity needs.
• Investments are prioritized in areas like antivirus software, firewalls, VPNs, password management, and Endpoint Detection and Response (EDR), further contributing to the market size.
• Subsequently, the aforementioned factors are collectively responsible in accelerating the market during the forecast period.

By End User:

Based on the End User, the market is categorized into BFSI, IT & Telecom, Automotive, Retail, Government and Defense, Manufacturing, Healthcare, Energy & Utility, and Others.

Trends in the End User:

• Increasing trend of protecting in-vehicle systems, telematics, and communication networks from cyber threats.
• Securing connected devices like point-of-sale (POS) systems and smart shelves is driving the adoption in retail sector.

BFSI accounted for the largest revenue share in 2024.

• BFSI institutions handle vast amounts of highly sensitive financial and personal data, making them prime targets for cybercriminals seeking financial gain.
• BFSI sector is subjected to numerous regulations including GDPR, CCPA, PCI DSS, and region-specific financial regulations, mandating robust cybersecurity controls and compliance, hence driving the market trend.
• Cyberattacks lead to massive financial losses, including direct theft, fines for non-compliance, and significant reputational damage, eroding customer trust.
• Financial institutions are consistently among the most targeted by sophisticated cyberattacks, including ransomware, phishing, and advanced persistent threats (APTs).
• For instance, in May 2022, Mastercard launched Cyber Front, aimed at strengthening cybersecurity resilience for businesses and governments. This initiative, backed by a strategic investment in Picus Security, is part of Mastercard's expanding Cybersecurity & Risk consulting practice and responds to the critical need for innovative cybersecurity solutions as global cybercrime is projected to reach USD 10.5 trillion USD annually.
• In conclusion, the aforementioned factors are contributing to the growth of global cyber security consulting market expansion.

Healthcare is predicted to register the fastest CAGR during the forecast period.

• Healthcare organizations are prime targets for cybercriminals due to the sensitive and valuable nature of patient data. The rise in ransomware attacks targeting healthcare institutions disrupts operations, necessitating robust security measures.
• The increasing use of Electronic Health Records (EHRs), telemedicine, connected medical devices (IoMT-Internet of Medical Things), and cloud-based healthcare solutions expands the attack surface.
• Cyberattacks on medical devices and healthcare systems directly impact patient safety and well-being.
• For instance, in Sep 2024, The Centers for Medicare & Medicaid Services (CMS) and Wisconsin Physicians Service Insurance Corporation (WPS), a contractor managing Medicare Part A/B claims, are informing individuals that their protected health information or PII may have been compromised due to an incident related to WPS's administrative services for Medicare.
• Subsequently, as per the market analysis, the aforementioned factors are collectively responsible in accelerating the market during the forecast period.