Security is the key concern in multi-stakeholder , says India Communications and Information Technology minister

India: Ravi Shankar Prasad, minister of Communication and Information Technology, India stated that multi-stakeholder model for internet governance the Internet Corporation Assigned Names and Numbers (ICANN) is important to bring the positive development, however, the model take into consideration of IT security issues.

This new internet governance model was devised by studying various global multi-stakeholder models and through the global consultation process.

The new model was to be finalized on September 30, 2015; however, due to the delay responses from the concern groups it could not be closed within time. Hence, the process is expected to close by this year, September.

According to the proposed model by India, internet should be managed through multi-stakeholders but the government should have the supreme right and control on the key concerns regarding international security.

The Internet governance committee was established and it is planning to collaborate with the United States on this matter.

TechSci Research depicts, IT security is always a key concern for Governments across the world. As Internet is getting crucial every day, the responsibility of the Government to have control over the matter is becoming crucial. Towards the same, India is taking a step ahead and working on finalizing the multi-stakeholder model for governance of internet.

According to the recently published report by TechSci Research, “Global Cyber Security Market Forecast & Opportunities, 2020”, global cyber security market is projected to surpass USD123 billion by 2020. Growing inclination towards cloud storage, introduction of public clouds and growing emphasis on digitization are propelling the need for cyber security across the globe. North America and Europe have been the leading revenue contributors, capturing major shares in the market in 2014. Moreover, Asia-Pacific is rapidly emerging as a potential market for cyber security solution providers, driven by emerging economies such as China, India and South-East Asian countries, wherein, rising cyber espionage by foreign countries is inducing the need for safeguarding cyber space.