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April 2018
IT Security
Sectorwatch
The IT security market is expected to grow significantly as years progresses because there are an increased surge of cybercrime that forces companies to implement technology solutions to protects themselves and their client's interests. According to Deltek, as federal agencies struggle to stay ahead of the cybersecurity threats, more and more of their IT spend is being devoted to cybersecurity, reaching over 10 percent of IT spend by 2020.
Industry Trends:
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation
