Technology

Global Cyber Security Consulting Services Market Poised for 12.5% CAGR Growth – Get Your Free Report Now! Valuates Reports

Published

2 years ago

February 13, 2025

BANGALORE, India, Feb. 13, 2025 /PRNewswire/ — Cyber Security Consulting Services Market is Segmented by Type (Vulnerability Assessment and Penetration Testing, Security Audit, Incident Response, Compliance Testing), by Application (Government, Operator, Finance, Manufacturing, Education, Energy, Medical, Internet and Retail, Military).

The Global Cyber Security Consulting Services Market is projected to grow from USD 35950 Million in 2024 to USD 72960 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period.

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Major Factors Driving the Growth of Cyber Security Consulting Services Market:

The Cyber Security Consulting Services Market is poised for significant growth as organisations worldwide increasingly recognise the critical importance of robust cybersecurity measures. Rising cyber threats, evolving regulatory requirements, and the need for enhanced risk management drive demand for specialised consulting services that can protect critical assets and ensure business continuity. Companies are investing in comprehensive security assessments, vulnerability management, and incident response planning to mitigate risks and maintain customer trust. The market is characterised by diverse service offerings, competitive pricing models, and flexible deployment options that cater to businesses of all sizes. As digital transformation continues to accelerate, the demand for professional cybersecurity consulting will remain strong, positioning the market for sustained expansion and long-term success.

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TRENDS INFLUENCING THE GROWTH OF THE CYBER SECURITY CONSULTING SERVICES MARKET:

Vulnerability assessment and penetration testing drive the growth of the Cyber Security Consulting Services Market by providing critical insights into system weaknesses and potential attack vectors. These services enable organisations to identify security gaps before malicious actors can exploit them, ensuring that cyber defenses are robust and effective. By simulating real-world attacks, consultants help companies assess the resilience of their IT infrastructures and recommend targeted improvements. This proactive approach not only reduces the risk of costly data breaches but also enhances compliance with industry standards and regulatory requirements. As cyber threats become increasingly sophisticated, businesses are investing in regular vulnerability assessments and penetration tests to safeguard their digital assets. The heightened focus on risk management and continuous security improvement fuels the demand for these services, driving overall market growth.

Security audits drive the growth of the Cyber Security Consulting Services Market by offering comprehensive evaluations of an organisation’s cybersecurity posture. Through systematic reviews of policies, processes, and technical controls, security audits identify vulnerabilities and compliance gaps that may compromise data integrity. These assessments help businesses understand their risk landscape and develop effective remediation strategies. The insights gained from thorough security audits enable companies to strengthen their defenses, reduce the likelihood of cyber incidents, and protect sensitive information. Regular audits also support regulatory compliance and bolster stakeholder confidence in an organisation’s commitment to security. As companies increasingly recognise the importance of proactive risk management and seek to mitigate potential threats, the demand for detailed security audits continues to grow, thereby propelling market expansion.

Government initiatives play a pivotal role in driving the growth of the Cyber Security Consulting Services Market by mandating robust security practices and promoting regulatory compliance. In response to escalating cyber threats, governments worldwide are implementing stringent data protection laws and cybersecurity frameworks that require organisations to conduct regular security audits, vulnerability assessments, and penetration tests. These regulatory measures compel companies across various sectors to invest in professional cybersecurity consulting services to ensure compliance and safeguard critical infrastructure. Moreover, government-sponsored programs and public-private partnerships further encourage organisations to adopt comprehensive security measures. The increased regulatory pressure and the proactive stance of governments on cybersecurity issues drive demand for expert consulting services, thus supporting the market’s overall growth and stability.

The rising need for customer data integration is a significant factor driving the Cyber Security Consulting Services Market. Modern enterprises collect massive amounts of data from various channels, and ensuring its security requires a unified approach. Cyber security consulting services help organisations integrate disparate data sources securely, enhancing overall data governance and protection. By providing holistic strategies for data consolidation, these services reduce vulnerabilities associated with fragmented systems. Enhanced data integration enables businesses to apply consistent security measures across all platforms, ensuring that customer information is accurate and secure. This unified approach not only improves operational efficiency but also strengthens trust among customers and partners. As organisations continue to expand their digital footprints, the demand for comprehensive data integration services grows, driving market expansion and reinforcing the importance of robust cybersecurity practices.

Enhanced customer personalisation is a key driver of the Cyber Security Consulting Services Market, as businesses seek to deliver tailored experiences while safeguarding sensitive information. By leveraging advanced security frameworks, organisations can ensure that personalised data is managed securely and efficiently. Cyber security consulting services assist companies in implementing data protection strategies that enable detailed customer profiling without compromising privacy. This personalised approach enhances customer engagement, loyalty, and satisfaction, leading to improved business outcomes. The ability to provide customised solutions that meet specific customer needs while maintaining robust security protocols is critical in today’s competitive market. As organisations continue to prioritise personalisation in their customer strategies, the demand for specialised consulting services to manage and protect data grows, contributing significantly to market expansion.

Data privacy and regulatory compliance are critical factors driving the Cyber Security Consulting Services Market. With the increasing implementation of regulations such as GDPR, CCPA, and HIPAA, organisations must ensure that their data management practices are robust and compliant. Cyber security consulting firms assist companies in developing and implementing policies that protect customer data and adhere to legal requirements. These services encompass comprehensive audits, risk assessments, and the establishment of secure data handling protocols. As regulatory frameworks become more stringent, the pressure on businesses to maintain high standards of data privacy intensifies. The need to avoid costly fines and reputational damage drives demand for expert consulting services that ensure compliance and safeguard sensitive information, thereby bolstering the market’s growth.

Improved incident response and crisis management are vital drivers in the Cyber Security Consulting Services Market. In an environment where cyberattacks can lead to significant operational disruption and financial loss, organisations must be prepared to respond swiftly and effectively. Cyber security consulting services provide tailored incident response strategies that help companies detect, contain, and remediate security breaches. These services include the development of detailed response plans, regular simulation exercises, and ongoing support during crises. Effective incident response not only minimises damage but also enhances organisational resilience and recovery times. As businesses become increasingly aware of the importance of a rapid and coordinated response to cyber threats, the demand for specialised consulting in incident management grows, supporting overall market expansion.

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CYBER SECURITY CONSULTING SERVICES MARKET SHARE

Global key suppliers of cyber security consulting services include Deloitte, EY, PwC, KPMG, IBM and Accenture, etc. Top 5 giants make up over 50% of the market.

North America leads the market, accounting for over 40% of market share. Buoyed by advanced technology adoption, stringent data protection regulations, and high levels of digitalisation across various industries.

Europe follows closely (30%) with strong regulatory frameworks and a focus on privacy and security driving demand.

Asia-Pacific (20%) region is rapidly emerging as a key market due to expanding digital infrastructure, growing awareness of cyber risks, and increasing investments in cybersecurity by both private and public sectors.

Vulnerability assessment and penetration testing, security audit, incident response and compliance testing are main types of the service, in which vulnerability assessment and penetration testing makes up most with a share of about 30%.

Cyber security consulting services are required in government, internet and retail, military, operator, finance, manufacturing, education, energy and medical, etc.

Among them, the government gains the highest share of 20% around.

In recent years, with a deeper digitalization, governments are paying more attention to cyber security. Therefore, professional consulting services are expected to gain rapid growth.

Key Companies:

IBMMandiantAccenture PlcDeloitteEYPwCKPMGBooz Allen HamiltonCapgemini S AProtiviti (Robert Half)RSM InternationalYokogawaH3CVenustechTopsecNsfocusQIANXINKrestonHillstone NetworksNorth LaboratoryTophant

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

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– Cyber Security Training market was valued at USD 1837 Million in 2023 and is anticipated to reach USD 5705 Million by 2030, witnessing a CAGR of 18.6% during the forecast period 2024-2030.

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Technology

Lovey announces £250m senior secured credit facility with Pollen Street Capital

Published

30 minutes ago

October 27, 2026

UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited):
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours.

Website: www.lovey.com

Pollen Street Press Office:
FGS Global
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com

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Technology

Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

Published

30 minutes ago

October 27, 2026

BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

Technology

IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

Published

30 minutes ago

October 27, 2026

Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.”

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.”

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

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SOURCE IBS Software