India Cyber Security Market: Industry Analysis, Size, and Forecast, 2019-2031

India Cyber Security Market Introduction

Digitization has considerable impact on the everything such as healthcare, education, business, personal lives, and national security. Nowadays, information security has become one of the key priorities among end users. This is attributed to the continuous increase in the average cost incurred by the cyber-attacks on critical and confidential information. In the recent past, India has witnessed rapid urbanization which has fortified the government to introduce smart cities initiatives. Further, this has increased the vulnerability of a city’s security which is anticipated to increase the need for innovating security solutions and services.

Market Dynamics

Introduction of supportive government regulations to mandate deployment of data security solutions are anticipated to boost the growth of cyber security market in India. Further, rise in need for effective investigation, prevention, and prosecution of cyber-crime to ensure secure cyberspace are projected to increase the demand for advanced cyber security solutions during the forecast period. In contrast, shortage of skilled professional in cyber security space along with lack of digital transformation in organizations are anticipated to limit the market growth.

Market Trends

The government of India is aimed at collaborating with private players to drive digital transformation among various verticals which increases the need for deployment of enhanced cyber security measures to safeguard critical business information from unauthorized access. Moreover, increase in datacenter virtualization, strategic collaboration among key vendors in the ecosystem, enterprise mobility, and cloud deployments are some of the major trends observed in the country.

Market Scope

India cyber security market scope includes different level of segments such as by solution and vertical. Based on solution, the India cyber security can be segmented into data security, network security, endpoint security and others. The India cyber security market can also be segmented based on vertical into government, media & entertainment, healthcare, telecom, BFSI, oil & gas, and others.

India Cyber Security Market Competitive Landscape

Key players in the India cyber security market are focused towards offering specialized solutions that can cater the individual information security needs perfectly. Some of the major players analyzed in the India cyber security market include Check Point, Cisco Systems Inc., Dell (Sonic Wall), Fortinet Inc., HP, IBM Corporation, Intel (McAfee), Juniper, Pulse Secure, Sangfor, and Sophos.

This research report on India cyber security market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.