Indian Cyber Security market is growing at a CAGR of around 16.4% during the forecast period. Increasing adoption of cloud storage is estimated to be one of the major factors that are driving the growth of the market in the country. Most of the organizations such as banking, manufacturing, education, healthcare, retail, and so forth have shifted their on-premise applications to cloud-based platforms due to numerous benefits such as scalability and elasticity. Moreover, government initiatives such as “Digital India” in the country are expanding e-governance and are focusing on digital transformation such as cashless transactions. Additionally, increasing Internet penetration and the growing adoption of smartphones in the country are driving the growth of the cyber security market.
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Moreover, increasing the trend of smart phone users along with social media growth is augmenting the Indian Cyber Security market growth. This high penetration rate of Internet and smartphones has been acting as a lucrative segment to the attackers. Large number of cyber-attacks associated with these devices motivated them to adopt different cyber security solutions.
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Market Segmentation
Indian Cyber Security Market by Type
- Network Security
- Application Security
- Mobile Security
- Wireless Security
- Cloud Security
Indian Cyber Security Market by Solution
- Risk and Compliance Management
- Identity and Access Management
- Data Loss Protection
- Firewall
- Unified Threat Management
- Encryption
- Antimalware and Antivirus
- DDOS mitigation
- Others (Security and Vulnerability Management, and Disaster Recovery)
Indian Cyber Security Market by Vertical
- Government
- Aerospace & Defense
- BFSI
- Telecommunication
- Healthcare
- Retail
- Others (Manufacturing, and Transportation)
Company Profiles
- Booz Allen Hamilton
- Capgemini SE
- CISCO Corp.
- CSC Corp.
- Cyberark Software Ltd.
- DELL (Secureworks Inc.)
- IBM Corp.
- Intel Corp.
- Lockheed Martin Corp.
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