Technology
Global Cyber Security Consulting Services Market Poised for 12.5% CAGR Growth – Get Your Free Report Now! Valuates Reports
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1 year agoon
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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!
– Enterprise Cybersecurity Consulting Services Market
– Cyber security as a Service market was valued at USD 36320 Million in 2023 and is anticipated to reach USD 60480 Million by 2030, witnessing a CAGR of 7.1% during the forecast period 2024-2030.
– Cybersecurity Consulting Market
– Cyber Incident Response Service Market
– Security as a Service (SECaaS) Market
– 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.
– Cybersecurity Assessment Service Market
– Managed Cybersecurity Services Market
– Cloud Cybersecurity Services Market
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Melanie Siewert, Chief Marketing Officer at LHH, Joins the Exceptional Women Alliance (EWA)
Published
25 minutes agoon
May 8, 2026By
LOS ANGELES, May 8, 2026 /PRNewswire/ — The Exceptional Women Alliance (EWA) proudly welcomes Melanie Siewert, Chief Marketing Officer at LHH, into its distinguished community of influential women leaders. A seasoned global marketing executive, Siewert brings more than 20 years of experience transforming brands, building high-performing teams, and driving measurable growth across both B2B and B2C industries.
As Chief Marketing Officer of LHH, Siewert leads global marketing strategy across brand, demand generation, and customer experience. She plays a critical role in aligning marketing with business objectives and fostering strong collaboration with sales to enhance organizational performance and accelerate growth. Her leadership has been instrumental in shaping a modern, customer-centric brand and building a marketing function designed to deliver consistent, high-impact results across a complex global enterprise.
Throughout her career, Siewert has held senior leadership roles at prominent organizations including Truist Financial, Worldpay, Equifax, Whirlpool Corporation, and JPMorgan Chase. She is widely recognized for guiding enterprise brand strategy, leading complex mergers, scaling marketing operations, and delivering measurable gains in pipeline, revenue, and digital adoption.
Siewert’s expertise spans marketing strategy, customer engagement, brand development, sales enablement, and cross-functional leadership. Known for her empowering leadership style and strategic vision, she consistently builds high-performing teams that drive sustainable business growth while fostering collaboration and innovation.
Her accomplishments include:
Leading global marketing strategy for LHH, integrating brand, demand generation, and customer experience to drive business performance.Guiding enterprise brand transformations and go-to-market strategies across multiple global organizations.Driving measurable growth in pipeline, revenue, and digital engagement through data-driven marketing initiatives.Leading marketing efforts through complex mergers and organizational transformations.Serving as a two-time board chair and lifetime member of Strategic & Competitive Intelligence Professionals.Recognized as a Top Woman in Marketing by PRWeek.
“Melanie’s ability to translate complex market dynamics into clear, impactful strategies, combined with her commitment to building strong, collaborative teams, makes her an exceptional addition to EWA,” said Larraine Segil. “Her leadership and results-driven approach align seamlessly with the values of our sisterhood.”
Melanie shared “I’m honored to be part of the Exceptional Women’s Alliance and look forward to learning from the incredible women leaders who are dedicated to lifting other women and impacting the world at large.”
Siewert now joins a powerful and growing community of C-suite and board-level women leaders across disciplines who share a common goal: to support one another through confidential, life-long mentoring relationships and to enrich both their professional and personal lives.
About Exceptional Women Alliance (EWA)
The Exceptional Women Alliance (EWA) is an invitation-only peer mentorship organization where high-level Exceptional Women from across multiple industries are hand-selected and invested in, to grow, learn, share, and succeed. In addition to the achievement of significant success, the criteria for acceptance include character traits that are defining of the EWA Culture – Kindness, the Spirit of Generosity, Transparency, Gratitude, and Willingness to Share their knowledge. The Foundation is a powerhouse of peer-to-peer mentoring that provides guidance, deep connection, and leadership, propelling each woman to sustainable success—one woman at a time. The life-long program enables each participant to be connected as alumnae in the ever-expanding EWA global community, as their fellow women leaders continue to move into positions of significance.
Learn more at www.exceptionalwomenalliance.com
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SOURCE Exceptional Women Alliance
Technology
Insurance Modernization at Risk as Workforce Strategies Fall Behind, Says Info-Tech Research Group
Published
1 hour agoon
May 8, 2026By
Insurers are under pressure to modernize core systems while competing for scarce cloud, data, AI, and cybersecurity talent. Info-Tech Research Group’s new blueprint, Rebuild Your Talent Engine: Attract and Retain IT Talent in Insurance, outlines a practical framework to help insurance IT and HR leaders assess readiness, strengthen their employee value proposition, and retain the critical roles needed to accelerate transformation.
ARLINGTON, Va., May 8, 2026 /PRNewswire/ – Insurance modernization is increasingly being constrained by the people and capabilities required to deliver it, according to Info-Tech Research Group. The global research and advisory firm’s newly published blueprint, Rebuild Your Talent Engine: Attract and Retain IT Talent in Insurance, provides a structured approach to help insurers attract, retain, and mobilize the IT talent required to support digital transformation.
The firm’s research indicates that many insurers are trying to advance core system modernization while facing shortages in cloud, data, AI, and cybersecurity roles. At the same time, experienced legacy system experts are retiring, creating knowledge gaps that can slow delivery, increase operational risk, and deepen dependence on external partners.
“Insurance modernization cannot succeed if the workforce strategy behind it remains outdated,” says Vidhi Trivedi, senior research analyst at Info-Tech Research Group. “Insurers need an employee value proposition that reflects what both digital and legacy talent value today: flexibility, growth, purpose, and belonging. When organizations connect those expectations to the technology roadmap, they are better positioned to retain institutional knowledge, attract new capabilities, and move transformation forward with confidence.”
Key Workforce Risks Slowing Insurance Modernization
Info-Tech’s blueprint identifies several talent challenges that are limiting insurers’ ability to modernize effectively:
Critical digital skills remain difficult to attract and retain. Cloud engineers, data architects, cybersecurity specialists, and AI-capable technologists are essential to future-state systems, integration, and automation.Legacy expertise is leaving faster than it can be replaced. Core system knowledge remains vital to operations, compliance, and transition planning, yet many long-tenured experts are approaching retirement or feel disconnected from future-state roles.Rigid work models reduce access to high-demand talent. Digital professionals increasingly expect hybrid options, autonomy, modern delivery practices, and environments that support productivity and wellbeing.Growth pathways are not clearly connected to transformation needs. Without structured upskilling, internal mobility, and role progression, insurers risk losing employees to industries perceived as more innovative or career-accelerating.Employer branding often undersells insurance’s purpose and impact. The industry plays a critical role in protecting people, businesses, and communities, but that purpose is not always translated into a compelling technology career story.
Info-Tech’s Three-Phase Framework for Rebuilding the Insurance IT Talent Engine
To help insurers address these challenges, the Rebuild Your Talent Engine: Attract and Retain IT Talent in Insurance blueprint outlines a three-phase methodology:
Assess Talent Readiness for Modernization Success
Insurance IT and HR leaders identify modernization-critical roles, evaluate workforce pressure, assess EVP fit across key roles, and prioritize the roles that pose the greatest risk to transformation timelines.Build and Embed a Modern Employee Value Proposition
Organizations define a clear employer-employee value exchange, establish proof points across the four EVP pillars of flexibility, growth, purpose, and belonging, and activate targeted initiatives for priority roles.Develop and Present the EVP Impact Report
Leaders synthesize workforce insights, visualize progress, and present a measurable view of how EVP activation is improving retention, engagement, internal mobility, and readiness.
The resource also includes supporting tools, such as the EVP Diagnostic Tool, EVP Activation & Implementation Tool, and EVP Impact Report Template, that help insurers move from talent planning to measurable action.
“Too often, insurers view IT talent challenges as a capacity issue, when they are really a transformation risk,” explains Trivedi. ” “The insurers that move fastest will be those that know where critical capabilities are under strain, protect the expertise that increases operational resilience, and create clear pathways for employees to help shape the future of insurance from within.”
By applying Info-Tech’s framework outlined in the Rebuild Your Talent Engine: Attract and Retain IT Talent in Insurance blueprint, insurance leaders can better understand where people-related risks are highest, strengthen retention in critical roles, reduce long-term reliance on external partners, and build a more resilient technology organization. The firm’s research emphasizes that a modern EVP is not only an HR initiative but a strategic enabler of modernization success.
For exclusive and timely commentary from Info-Tech’s experts, including Vidhi Trivedi, and access to the complete Rebuild Your Talent Engine: Attract and Retain IT Talent in Insurance blueprint, please contact pr@infotech.com.
About Info-Tech Research Group
Info-Tech Research Group is the “get things done” partner for over 30,000 IT, HR, and marketing leaders worldwide. The fastest growing research and advisory firm, Info-Tech enables leaders to make well-informed decisions and transform their organizations through AI, strategic foresight, step-by-step methodologies, practical tools, industry-leading advisory, and training programs. For nearly 30 years, tens of thousands of private and public organizations have trusted Info-Tech to lead their most important initiatives through periods of change and deliver outcomes that truly matter.
To learn more about Info-Tech’s HR research and advisory services, visit McLean & Company, and for data-driven software buying insights and vendor evaluations, visit the firm’s SoftwareReviews platform.
Media professionals can register for unrestricted access to research across IT, HR, and software, and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.
For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.
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SOURCE Info-Tech Research Group
Technology
Caris Life Sciences Submits Application to New York State Department of Health for Caris Assure Blood‑Based Testing Authorization
Published
2 hours agoon
May 8, 2026By
IRVING, Texas, May 8, 2026 /PRNewswire/ — Caris Life Sciences® (NASDAQ: CAI), a leading patient-centric next-generation AI TechBio company and precision medicine pioneer, today announced that it has submitted an application to the New York State Department of Health (NYSDOH) Clinical Laboratory Evaluation Program (CLEP), administered through the Wadsworth Center, seeking authorization to perform Caris Assure®, its blood‑based molecular profiling test, on specimens originating from New York State.
Caris Assure is a blood‑based molecular profiling test designed to support comprehensive biomarker analysis using a minimally invasive blood sample. Caris Assure uses circulating nucleic acids sequencing (cNAS) to analyze the whole exome (DNA) and whole transcriptome (RNA) of 22,000 genes. This comprehensive test identifies tumor alterations, clonal hematopoiesis (CH) and inherited variants, pharmacogenomic alterations, microsatellite instability (MSI) and tumor mutational burden (TMB).
The submission initiates the formal review process required by New York State for clinical laboratories seeking to perform testing on specimens collected from New York patients. Through the Wadsworth Center, CLEP conducts comprehensive reviews of laboratory permits and laboratory-developed tests to evaluate analytical validation, quality systems, personnel qualifications and compliance with applicable state regulations.
“Caris is committed to meeting the highest standards for laboratory quality, validation and regulatory compliance,” said David Spetzler, MS, PhD, MBA, President of Caris Life Sciences. “This submission of Caris Assure for review through the New York State Department of Health’s Wadsworth Center reflects our disciplined approach to expanding access to our technologies in a manner that demonstrates the rigor, responsibility and focus on the patient that define Caris Life Sciences and guide our work in the markets we serve.”
At this time, no determination has been made by NYSDOH, and Caris Assure is not authorized for use on blood-based specimens originating from New York State unless and until CLEP authorization is granted.
Caris operates a CAP-accredited, CLIA‑certified clinical laboratory and performs testing in jurisdictions where it is authorized to do so, in accordance with all applicable federal, state, and local regulations. Any future availability of Caris Assure in New York State will be contingent upon completion of the CLEP review process administered by the Wadsworth Center and receipt of the appropriate authorization.
About Caris Life Sciences
Caris Life Sciences® (Caris) is a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer actively developing and commercializing innovative solutions to transform healthcare. Through comprehensive molecular profiling (Whole Genome, Whole Exome and Whole Transcriptome Sequencing), advanced AI and machine learning, Caris has created the large-scale, multimodal clinico-genomic database and computing capability needed to analyze and further unravel the molecular complexity of disease. This convergence of next-generation sequencing, AI and machine learning technologies and high-performance computing provides a differentiated platform for developing the latest generation of advanced precision medicine diagnostic solutions for early detection, diagnosis, monitoring, therapy selection and drug development.
Caris was founded with a vision to realize the potential of precision medicine to improve the human condition. Headquartered in Irving, Texas, Caris has offices in Phoenix, New York, Cambridge (MA), Tokyo, Japan and Basel, Switzerland. Caris or its distributor partners provide services in the U.S. and other international markets.
Forward Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. All statements other than statements of historical facts contained in this press release are forward-looking statements, including statements regarding our business, solutions, plans, objectives, goals, industry trends, financial outlook and guidance. In some cases forward-looking statements can be identified by words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “potential,” “contemplate,” “believe,” “estimate,” “predict,” or “continue” or similar expressions.
You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in these forward-looking statements are reasonable based on information currently available to us, we cannot guarantee that the future results, discoveries, levels of activity, performance or events and circumstances reflected in forward-looking statements will be achieved or occur. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond our control. Risks and uncertainties that could cause our actual results to differ materially from those indicated or implied by the forward-looking statements in this press release include, among other things: our future financial performance, results of operations or other operational results or metrics; development, analytical and clinical validation, timing and performance of future solutions by us and our competitors; commercial market acceptance for our solutions, including acceptance of preventive as well as diagnostic testing paradigms, and our ability to meet resulting demand; the rapidly evolving competitive environment in which we operate; third-party payer reimbursement and coverage decisions related to our solutions; risks related to data management, storage, and processing capabilities and our ability to integrate and deploy artificial intelligence and advanced data analytics technologies; our ability to protect and enhance our intellectual property; regulatory requirements, decisions or approvals (including the timing and conditions thereof) related to our solutions, including our application for New York State Department of Health approval for Caris Assure; reliance on third-party suppliers; risks related to data security, patient privacy, and compliance with healthcare data protection regulations as well as potential cybersecurity threats to our data platforms; our compliance with laws and regulations; the outcome of government investigations and litigation; risks related to our indebtedness; and our ability to hire and retain key personnel as well as risks, uncertainties; and other factors described in the section titled “Risk Factors” and elsewhere in our Annual Report on Form 10-K filed on March 3, 2026, and in our other filings we make with the SEC from time to time. We undertake no obligation to update any forward-looking statements to reflect changes in events, circumstances or our beliefs after the date of this press release, except as required by law.
Caris Life Sciences Media:
Corporate Communications
CorpComm@CarisLS.com
214.294.5606
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