India Cybersecurity Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
India Cybersecurity Market Size- By Component, By Deployment, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: IACT2462 | Pages: 1 - 105 | Formats*: |
| Category : Information & Communications Technology | |||
India Cybersecurity Market Introduction and Overview
According to SPER Market Research, the India Cybersecurity Market is estimated to reach USD 21.58 billion by 2033 with a CAGR of 18.62%.
The report includes an in-depth analysis of the India Cybersecurity Market, including market size and trends, product mix, distribution channels, and supplier analysis. Cybersecurity is the process of defending digital assets, such as computers, networks, and data, against cyberattacks by utilizing a variety of technologies, procedures, and practices. It includes business continuity, which deals with procedures to restore data and go on with operations, network security, information security, application security, and operational security. It addresses a range of malevolent behaviours, including ransomware, phishing, malware, and hacking. It serves to preserve the availability, confidentiality, and integrity of data and systems. It focuses on using intrusion detection systems, firewalls, and virtual private networks (VPNs) to secure networks. By using data loss prevention strategies, access controls, and encryption, it shields confidential information from unwanted access or disclosure.
- In March 2022, IBM India Private Limited opened its doors as a new cybersecurity centre in India. The hub provides a cyber-protection platform that includes a variety of AI technologies, such as Watson security adviser, to help analysts with threat assessment, malware tracking, threat compilation, and information mitigation. This will assist companies in managing and automating billions of security warnings, in conjunction with IBM's Advanced Threat Disposition Scoring (ATDS).
- Palo Alto Networks released a "zero trust" medical IoT (internet of things) security suite in December 2022. Every user and device is constantly being verified as part of our cybersecurity policy. The timing of the announcement couldn't have been better: at least one other hospital's servers were breached, allowing patient data to be uploaded and sold on the dark web, and the country's best hospital, the All-India Institute of Medical Sciences (AIIMS), in Delhi, is still recovering from a cyberattack.
Market Opportunities and Challenges
Opportunities: Expanding the Market for India Cybersecurity. The market in India The field of cybersecurity is developing quickly. The market for cyber security is driven by the increase in phishing and malware attacks targeting businesses, the growing use of IoT, and the BYOD movement. Positive market growth is also impacted by the rising demand for cloud-based cybersecurity solutions. During the projected time, there should be plenty of opportunity to expand into new markets due to the growing popularity of mobile device apps and platforms, the demand for robust authentication procedures, and changes in the antivirus software sector. In addition, the market is becoming more and more in demand due to the growing need for digitization and scalable IT infrastructure as well as the continuous need to address risks posed by numerous trends, including the development of MSSPs, the adoption of a cloud-first approach, and risks associated with third-party vendors.
Challenges: The lack of qualified cybersecurity experts is one of the major issues facing the Indian cybersecurity business. There is a growing need for cybersecurity professionals who can efficiently manage, monitor, and reduce cyber risks due to the swift pace of digital transformation and the ever-changing cyber threat landscape. Nonetheless, there is a clear discrepancy in the Kingdom's skilled professional pool and the demand for cybersecurity personnel. The lack of qualified cybersecurity workers makes it more difficult for enterprises to keep strong security postures and react appropriately to changing threats. In addition, India's regulatory environment is changing quickly to address cybersecurity issues. Although this is a good thing, it also poses difficulties for businesses trying to adhere to a variety of changing laws.
Market Competitive Landscape
India's cybersecurity market has a moderate level of consolidation. Palo Alto Networks (India) Private Limited, Juniper Networks India Private Limited, NortonLifeLock India Private Limited, IBM India Private Limited, Sonicwall Technology Systems India Private Limited, Crowdstrike India Private Limited, Cyberops Infosec LLP, eSec Forte Technologies, SecurityHQ, and Hicube Infosec Pvt. Ltd. are a few of the major players in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By Deployment, By End User |
| Regions covered | South India, North India, West and Central India, East India |
| Companies Covered | Palo Alto Networks (India) Private Limited, Juniper Networks India Private Limited, NortonLifeLock India Private Limited, IBM India Private Limited, Sonicwall Technology Systems India Private Limited, Crowdstrike India Private Limited, Cyberops Infosec LLP, eSec Forte Technologies, SecurityHQ, and Hicube Infosec Pvt. Ltd. |
COVID-19 Impact on India Cybersecurity Market
The COVID-19 pandemic had a significant impact on providers' and customers' general behaviours. The global business growth has been adversely impacted by the temporary shutdown of production facilities, job constraints, insufficient resources, security breaches, and a compromised supply chain. Around the world, a great deal of small and medium-sized enterprises experienced both temporary and permanent closures. Globally, the pandemic affected startups and small businesses. The need for internet security services and solutions was greatly impacted by this. On the other hand, during the epidemic, the need for government, industrial, and healthcare cyber security services increased dramatically. The market's leading companies concentrate on introducing a range of security measures to protect industrial processes from serious cyberattacks.
Key Target Audience:
- Service providers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to cyber security
- Market research and consulting firm
Our in-depth analysis of the India Cybersecurity Market includes the following segments:
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| By Deployment: |
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| By End User: |
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Key Topics Covered in the Report:
- India Cybersecurity Market Size (FY’2024-FY’2033)
- Overview of India Cybersecurity Market
- Segmentation of India Cybersecurity Market By Component (Solutions, Services, Others)
- Segmentation of India Cybersecurity Market By Deployment (Cloud-Based, On-Promises)
- Segmentation of India Cybersecurity Market By End User (BFSI, Healthcare, Manufacturing, Government & Defence, IT & Telecommunication, Others)
- Expansion Analysis of India Cybersecurity Market
- Problems and Obstacles in India Cybersecurity Market
- Competitive Landscape in the India Cybersecurity Market
- Impact of COVID-19 and Demonetization on India Cybersecurity Market
- Details on Current Investment in India Cybersecurity Market
- Competitive Analysis of India Cybersecurity Market
- Prominent Players in the India Cybersecurity Market
- SWOT Analysis of India Cybersecurity Market
- India Cybersecurity Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the India Cybersecurity Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. India Cybersecurity Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Cybersecurity Market
7. India Cybersecurity Market, By Component (USD Million)
7.1. India Cybersecurity Market Value Share and Forecast, By Component, 2024-20337.2. Solutions7.2.1. Identity and Access Management (IAM)7.2.2. Infrastructure Security7.2.3. Governance, Risk and Compliance7.2.4. Unified Vulnerability Management Service Offering7.2.5. Data Security and Privacy Service Offering7.2.6. Others7.3. Services
7.3.1. Professional Services7.3.2. Managed Service
8. India Cybersecurity Market, By Deployment (USD Million)
8.1. India Cybersecurity Market Value Share and Forecast, By Deployment, 2024-20338.2. Cloud-Based8.3. On-Premises
9. India Cybersecurity Market, By End User (USD Million)
9.1. India Cybersecurity Market Value Share and Forecast, By End User, 2024-20339.2. BFSI9.3. Healthcare9.4. Manufacturing9.5. Government & Defence9.6. IT and Telecommunication9.7. Others
10. India Cybersecurity Market Forecast, 2020-2033 (USD Million)
10.1. India Cybersecurity Market Size and Market Share
11. India Cybersecurity Market, By Component, 2020-2033 (USD Million)
11.1. India Cybersecurity Market Size and Market Share By Component (2020-2026)
11.2. India Cybersecurity Market Size and Market Share By Component (2027-2033)
12. India Cybersecurity Market, By Deployment, 2020-2033 (USD Million)
12.1. India Cybersecurity Market Size and Market Share By Deployment (2020-2026)12.2. India Cybersecurity Market Size and Market Share By Deployment (2027-2033)
13. India Cybersecurity Market, By End User, 2020-2033 (USD Million)
13.1. India Cybersecurity Market Size and Market Share By End User (2020-2026)13.2. India Cybersecurity Market Size and Market Share By End User (2027-2033)
14. India Cybersecurity Market, By Region, 2020-2033 (USD Million)
14.1. India Cybersecurity Market Size and Market Share By Region (2020-2026)14.2. India Cybersecurity Market Size and Market Share By Region (2027-2033)14.3. South India14.4. North India14.5. West and Central India14.6. East India
15. Company Profile
15.1. Palo Alto Networks (India) Private Limited15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Juniper Networks India Private Limited15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Quick Heal Technologies Limited15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. NortonLifeLock India Private Limited15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Juniper Networks India Private Limited15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Sonicwall Technology Systems India Private Limited15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. IBM India Private Limited15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Crowdstrike India Private Limited15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Cyberops Infosec LLP15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. eSec Forte Technologies15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. SecurityHQ.15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Hicube Infosec Pvt. Ltd.15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
India Cybersecurity Market size is 21.58 billion from 2024 to 2033.
India Cybersecurity Market Segment is covered By Component, By Deployment, By End User.
The Asia-Pacific is anticipated to have the highest market share in the India Cybersecurity Market.
The key players in the market include Companies Covered Artpal, Depop, eBay, Etsy, F&P Stock Solutions, Farfetch, Garson & Shaw, Rubylane, Spoonflower, StockX, Vestaire Collective, Vinted, Yaga.
confidentiality, and integrity of data and systems. It focuses on using intrusion detection systems, firewalls, and virtual private networks (VPNs) to secure networks.
India Cybersecurity Market is projected to reach USD 21.58 billion by 2033, growing at a CAGR of 18.62% during the forecast period.
India Cybersecurity Market size from 2022. The Market is expected to reach USD 21.58 billion by 2033, at a CAGR of 18.62% during the forecast period.
India Cybersecurity Market CAGR of 18.62% during the forecast period.
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