Indian Cyber Security market is growing at a CAGR of around 16.4% during the forecast period. Increasing adoption of cloud storage is estimated to be one of the major factors that are driving the growth of the market in the country. Most of the organizations such as banking, manufacturing, education, healthcare, retail, and so forth have shifted their on-premise applications to cloud-based platforms due to numerous benefits such as scalability and elasticity. Moreover, government initiatives such as “Digital India” in the country are expanding e-governance and are focusing on digital transformation such as cashless transactions. Additionally, increasing Internet penetration and the growing adoption of smartphones in the country are driving the growth of the cyber security market.

Moreover, increasing the trend of smart phone users along with social media growth is augmenting the Indian Cyber Security market growth. This high penetration rate of Internet and smartphones has been acting as a lucrative segment to the attackers. Large number of cyber-attacks associated with these devices motivated them to adopt different cyber security solutions.

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Top Key Players - Booz Allen Hamilton, Capgemini SE, CISCO Corp., CSC Corp., Cyberark Software Ltd., DELL (Secureworks Inc.), IBM Corp., Intel Corp., Lockheed Martin Corp., Palo Alto Networks, Symantec Corp.

Strict cyber laws and regulations in the country are the major motivators of the cyber security market. Cyber laws in India are contained in the Information Technology Act, 2000 often preferred smartphone as the IT Act, this came into existence on October 17, 2000. IT Act is a legislation regulating the use of computer systems and networks and data & information in the electronic format. It has impacted some aspects pertaining to cybercrimes electronic authentication, digital signatures, and liability of network service providers. The original IT Act contained 94 sections, divided into 13 chapters and 4 schedules. AS a result, these rules and regulations act as a major motivator of the Indian cyber security market.

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The market study of the Indian Cyber Security market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behaviour and macro-economic factors.

Market Segmentation

Indian Cyber Security Market by Type

Network Security
Application Security
Mobile Security
Wireless Security
Cloud Security
Others


Indian Cyber Security Market by Solution



Risk and Compliance Management
Identity and Access Management
Data Loss Protection
Firewall
Unified Threat Management
Encryption
Antimalware and Antivirus
DDOS mitigation
Others (Security and Vulnerability Management, and Disaster Recovery)

Indian Cyber Security Market by Vertical

Government
Aerospace & Defense
BFSI
Telecommunication
Healthcare
Retail
Others (Manufacturing, and Transportation)


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