India Cyber Security Market By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Content Security, Others), By Solutions Type (Firewall, Antivirus & Antimalware, Data Loss Prevention, Risk & Compliance Management, Identity & Access Management, Intrusion Detection/Prevention System, Email Filtering, Secure Web Gateways, Encryption & Decryption, Others), By Deployment Mode (On-Premise v/s Cloud, By End Use Industry (BFSI, IT & Telecom, Defense, Healthcare, Energy & Power, Retail & E-Commerce, and Others), By Region, By Top 12 States, Competition, Forecast & Opportunities, FY2017-FY2027

India Cyber Security market stood at USD2200.23 million in FY2021 and is forecast to grow at a CAGR of 8.05% by FY2027. Owing to the rising data breach, hacking attempts, phishing, snooping, foreign espionage, etc., also a rise in demand to reduce information technology (IT) costs by using the resources of the cloud computing services, there is a boost in the India cyber security market.

Cyber security refers to the protection of sensitive information, computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. These malicious attacks or cyberattacks can critically impact individuals, businesses, and government organizations. The impact can be in the form of monetary loss, identity theft, reputational damage, etc. Cyber security also helps in improving the organization's overall security mechanisms with the help of a better information framework, resulting in smooth business management activities. Cyber security is also known as information technology security or electronic information security.

Increasing Dependence on Digital Technology

With the advancement of technologies in India, people are becoming increasingly reliant on such technologies. There has been a rapid increase in user registration on online portals, with websites saving personal data, ranging from social networking to performing banking activities online. Additionally, Indian businesses have changed the way they conduct business, with many relying entirely on cloud-based technologies. During the pandemic, 'remote working' gave an additional push for firms to improve their technological integration. Furthermore, Indian enterprises do all their financial transactions digitally. As a result, the number of cyberattacks has increased, requiring India to deploy cyber security measures.

Increasing Demand for Big Data Analytics

The increasing number of cyber-attacks and data breaches all across the world has created a demand for Security Information and Event Management (SIEM) technology and services that collect real-time security events from various data sources and events to detect threats and generate security incidents responses. Previously, large corporations focused their efforts on threat prevention. With the help of previous patterns, the organizations were able to detect cyber attacks. However, the necessity of monitoring and evaluating cyber attacks trends to assist governments and corporations in developing adequate cyber security measures are emphasized via ongoing innovation in cyberspace. As a result, big data is predicted to play a large role in the cyber security market, affecting a wide range of cyber security solutions such as network monitoring, fraud detection, identity, access management, etc. Thus, the use of big data cyber analytics by businesses is increasing, boosting growth in the India cyber security market.

Growth in Demand of Cloud Services

The rise in remote working emerges as a result of the lockdown all across India, which has been primarily backed by cloud computing solutions, allowing employees to do their work efficiently from any location. With the help of cloud services, businesses and governments can easily handle vast amounts of data. However, misconfigured storage, insufficient identity and access management restrictions, insecure application programming interfaces (APIs), data loss, breaches, and leaks are all common problems with cloud services. These threats will become more critical as more businesses adopt cloud computing platforms, fueling growth in the cyber security sector.

Market Segmentation

India cyber security market can be segmented into security type, solution type, deployment mode, end use industry and region. Based on security type, the market is segmented into network security, endpoint security, application security, cloud security, content security, others. Based on solution type, the market is divided into Firewall, Antivirus & Antimalware, Data Loss Prevention, Risk & Compliance Management, Identity & Access Management, Intrusion Detection/Prevention System, Email Filtering, Secure Web Gateways, Encryption & Decryption, Others. On the basis of end use industry, the market is segmented into BFSI, IT & Telecom, Defense, Healthcare, Energy & Power, Retail & E-Commerce, and Others. Based on deployment mode, the India cyber security market is segmented into On-Premise and Cloud. The market analysis also studies the regional segmentation and the top 12 states.

Company Profiles

Mcafee Software (India) Private Limited, Palo Alto Networks (India) Private Limited, Quick Heal Technologies Limited, Sonicwall Technology Systems India Private Limited, NortonLifeLock India Private Limited, Juniper Networks India Private Limited, IBM India Private Limited, Crowdstrike India Private Limited are among the major market players in India that lead the market growth of the India cyber security market. 

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Report Scope:

In this report, India Cyber security Market has been segmented into the following categories in addition to the industry trends which have also been listed below:

• India Cyber security Market, By Security Type:
• Network Security
• Application Security
• Cloud Security
• Endpoint Security
• Content Security
• Others
• India Cyber security Market, By Solution Type:
• Firewall
• Antivirus & Anti-Malware 
• Data Loss Prevention
• Risk & Compliance Management
• Identity & Access Management
• Intrusion Detection/Prevention System
• Email Filtering
• Secure Web Gateways
• Encryption & Decryption
• Others
• India Cyber security Market, By Deployment mode:
• On-premises
• Cloud
• India Cyber security Market, By End-User Industry:
• BFSI
• IT & Telecom
• Defence
• Healthcare
• Energy & Power
• Retail & E-Commerce
• Others

·         India Cyber security Market, By Region:

• South
• North
• West
• East

·         India Cyber security Market, By Top 12 States

o    Maharashtra

o    Karnataka

o    Telengana

o    Delhi

o    UP

o    Haryana

o    Tamil Nadu

o    Gujarat

o    West Bengal

o    Chhattisgarh

o    Rajasthan

o    Assam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Cyber security Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).