Related: Read the Top 100 MSSPs List and Research here.Thousands of IT consulting firms offer security products and services. But which ones are the largest providers of security consulting services?To answer that question, Gartner built a top 10 list of security consulting firms for 2016 based on annual revenues. But before we share the list, it's important not to confuse it with managed security services revenues and associated capabilities. After all, Gartner's Magic Quadrant for MSSPs in 2017 is strikingly different than the IT consulting list. The same goes for the Forrester Wave report for Top North America MSSPs. (Still, a handful of companies appear on multiple lists.)
Gartner Ranks Top Security Consulting Firms
Now, onto Gartner's Top 10 Security Consulting Services Firms list based on 2016 revenues in the sector. The 'recent moves' commentary after each company is from MSSP Alert rather than Gartner.
1. Deloitte
Security Consulting Revenues: $2.857 billion in security revenues for 2016, up 14 percent from 2015)
Security Consulting Revenues: $2.036 billion, up 8.2%
Recent moves:EY in June 2017 acquired Open Windows Identity, a cybersecurity services consulting division of Australia-based contract management software company Open Windows, for an undisclosed sum. The acquired firm became EY’s new APAC region Identity Management Centre of Excellence led by former Open Windows Identity CEO Simon Adler.
3. PwC
Security Consulting Revenues: $1.947 billion, up 17.8%
Security Consulting Revenues: $731 million, up 0.6%
Recent moves: In addition to security consulting, IBM plugs many customers into its X-Force Command Centers worldwide for ongoing cybersecurity monitoring. But X-Force recurring revenues are not to be confused with traditional IT project revenues.
6. Accenture
Security Consulting Revenues: $601 million, up 6.2%
Security Consulting Revenues: $373 million, up 15.5%
Recent Moves: KKR, the big private equity firm, acquired Optiv Security in late 2016. The purchase price was never publicly disclosed -- but we hear the figure was $1.9 billion, according to our ChannelE2E sister site.
10. BAE Systems
Security Consulting Revenues: $290 million, up 14.2%
Recent Moves: BAE also appears on the Forrester Wave list for top MSSPs in North America.
That's the overall list. We'll be sure to update this blog when the 2017 list surfaces sometime in mid-2018.
Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.
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