Market Research Report
India Cyber Security Market, By Security Type, By Solutions Type (Type, By Deployment Mode, By End Use Industry, By Company, By Region, Forecast & Opportunities, FY2027
|India Cyber Security Market, By Security Type, By Solutions Type (Type, By Deployment Mode, By End Use Industry, By Company, By Region, Forecast & Opportunities, FY2027|
Published: October 1, 2021
Content info: 116 Pages
Delivery time: 2-3 business days
India cyber security market is expected to grow at an impressive rate during the forecast period. The India cyber security market is driven by the increasing incidences of cyber attacks and data breaches. This has increased the need to deploy strong authentication systems and cyber security solutions across enterprises thereby fostering the market growth over the next few years. Additionally, ongoing technological advancements and new cyber security solutions launched by the major vendors operating in the market are expected to create lucrative opportunities for the market growth through FY2027. Furthermore, increasing expenditure by the government on security solutions in order to prevent important intelligence data breaches is expected to foster the market growth over the next few years. However, high cost of cyber security solutions can hamper the market growth during the forecast period. Besides, the use of pirated and open source security solutions is further expected to restrict the market growth.
The India cyber security market is segmented based on security type, solution type, deployment mode, end user industry, company, and region. Based on solution type, the market can be fragmented into identity & access management, risk & compliance management, encryption & decryption, data loss prevention, unified threat management, firewall, antivirus & malware, intrusion detection/prevention system, infrastructure security and others. The encryption & decryption segment is expected to dominate the market since they provide highest level of data security and dependability. Additionally, benefits such as ease of use, flexibility, affordability, scalability, among others further drive the segmental growth. Based on deployment mode, the market can be bifurcated into on-premise and cloud. The on-premise segment is expected to register significant growth in the market owing to the widespread adoption across different enterprises. Additionally, these are affordable and do not require purchase, installation or maintenance.
The major players operating in the cyber security market are Cisco India, IBM India Private Limited, Oracle India Pvt. Ltd., Juniper Networks India Private Limited, Dell India, HCL Technologies Limited, Wipro Limited, Tata Consultancy Services, Accenture, Capgemini and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023-FY2027
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of India cyber security market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India cyber security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Antivirus & Antimalware
Risk & Compliance Management
Identity & Access Management
Data Loss Prevention
Intrusion Detection/Prevention System
Encryption & Decryption
Secure Web Gateways
IT & Telecom
Energy & Power
Company Profiles: Detailed analysis of the major companies present in India cyber security market.
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: