Risk and cybersecurity consulting is booming during the pandemic, throwing the Big Four accounting firms a lifeline as companies cut spending on other types of consulting work, according to a new report.
The global market grew by 10.4% to $72.1 billion in 2019, Source Global Research said Tuesday, with 63% of companies saying they were using risk consultants more heavily because of the pandemic. The Big Four have 55% of the global risk consulting market, Source Global Research said by email.
- “The use of consultants for risk-related work is increasing as a result of the COVID-19 pandemic....