Melbourne, Australia (PRWEB) June 14, 2013
Information technology (IT) security is an ongoing concern for all businesses. The heavy reliance on computers for achieving most office tasks has been accepted since the beginning of the millennium. Over the past five years, Australian businesses' reliance on computing technology has increased as new technologies have allowed them to increase their productivity significantly. According to IBISWorld industry analyst Craig Shulman, “the increasing accessibility of broadband internet means that businesses now engage in large levels of data transfer”. This has helped facilitate the rise of ‘big data', where many businesses have been able to gather large amounts of data that can be sensitive. Furthermore, the introduction of smartphones has allowed much of this data to be accessed nearly anywhere.
These advancements have meant that new security concerns have arisen over the past five years, leading to increasing demand for the IT Security Consulting industry in Australia. Notably, this has occurred in the midst of a conservative economic environment, indicating that these services are seen to be a core concern for many companies. “Larger IT companies have been capitalising on this demand by offering these services along with their other IT consulting services, as they are often integrated IT service providers”, says Shulman. To provide a more specialised security offering, these players have also been acquiring smaller security firms. The two largest players in the industry are IBM A/NZ Holdings Pty Limited and Hewlett-Packard Australia Pty Ltd. Over the past five years, industry revenue is estimated to have grown at an annualised 5.0%.
Over the next five years, technological advancement is expected to continue, leading to ongoing demand for the IT Security Consulting industry. However, larger businesses are anticipated to move their operations further in-house as they attempt to cut costs on security expenditure and bolster their information security by reducing the exposure of their data to outside parties. Technology manufacturers and software publishers are also expected to hold security concerns as a priority, leading to a reduction in the need for basic IT security services. However, cyber attacks will become more sophisticated, leading to the increased possibility of major attacks on corporations' networks.
For more information, visit IBISWorld’s IT Security Consulting report in Australia industry page.
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IBISWorld Industry Report Key Topics
This industry offers managed IT security services, such as firewall and intrusion prevention, security threat analysis, proactive security vulnerability and penetration testing, and incident preparation and response, including IT forensics.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.