IT Security Consulting
With data security breaches in the headlines, this industry is on steroids. In the past five years, IBISWorld says revenue in this industry increased at an annualized rate of 9.8 percent to $5.3B and projects it will grow 8 percent each year over the next 5 years.
Goettler at Rochester University offers a key consideration: “Reputation is critical, which creates a bootstrapping problem for start-ups. Entrants [may] find themselves having to offer their services at lower prices relative to established IT firms until they build a solid reputation.”
