India Cybersecurity Market Expected to Grow at a CAGR of 16.5% during 2024-2032

India Cybersecurity Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 16.5% (2024-2032)

The increasing occurrence of cyber-attacks is impelling the growth of the market in India. According to the latest report by IMARC Group, The India cybersecurity market size is projected to exhibit a growth rate (CAGR) of 16.5% during 2024-2032.

India Cybersecurity Industry Trends and Drivers:

With the proliferation of internet usage and digital services, cybercriminals are continuously evolving their tactics to exploit vulnerabilities. There is a significant increase in the number of reported cybersecurity incidents. These include phishing attacks, ransomware, data breaches, and distributed denial of service (DDoS) attacks. The growing frequency and sophistication of these attacks are encouraging organizations to invest heavily in advanced cybersecurity measures.

The adoption of cloud computing services has been a game-changer for many Indian businesses, offering flexibility, scalability, and cost-efficiency. However, this shift to the cloud also brings new security challenges. Cloud security has become a critical concern, making organizations seek specialized cybersecurity solutions to protect their data and applications hosted on cloud platforms. The rise in demand for cloud security services, including identity and access management (IAM), encryption, and secure web gateways, is supporting the market growth. Artificial intelligence (AI) and machine learning (ML) are playing a pivotal role in enhancing cybersecurity. These technologies enable the development of advanced threat detection and response systems that can analyze vast amounts of data in real time, identify anomalies, and mitigate potential threats. In India, there is an increase in interest in leveraging AI and ML for cybersecurity applications. Companies are investing in AI-driven security solutions to stay ahead of cyber adversaries and reduce the response time to incidents. With the increasing use of mobile devices, laptops, and other endpoints, securing these devices is becoming crucial. Endpoint security solutions, which protect individual devices from cyber threats, are in high demand. Organizations are becoming more focused on ensuring the security of remote endpoints, leading to a rise in the adoption of endpoint protection platforms (EPP) and endpoint detection and response (EDR) solutions.

Rapid technological advancements, including the adoption of 5G networks, Internet of Things (IoT), and blockchain technology, are reshaping the cybersecurity landscape. While these technologies offer numerous benefits, they also introduce new security challenges. Moreover, the deployment of 5G networks increases the attack surface for cybercriminals, necessitating advanced security measures. Apart from this, the proliferation of internet of things (IoT) devices creates vulnerabilities that can be exploited if not properly secured. The need to address these emerging threats is driving innovation and investment in the cybersecurity market.

Grab a sample PDF of this report: https://www.imarcgroup.com/india-cybersecurity-market/requestsample

India Cybersecurity Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Component:

• Solutions 

  • Identity and Access Management (IAM)

  • Infrastructure Security

  • Governance, Risk and Compliance

  • Unified Vulnerability Management Service Offering

  • Data Security and Privacy Service Offering

  • Others

• Services 

  • Professional Services

  • Managed Services

Breakup by Deployment Type:

• Cloud-based

• On-premises

Breakup by User Type:

• Large Enterprises

• Small and Medium Enterprises 

Breakup by Industry Vertical:

• IT and Telecom

• Retail

• BFSI

• Healthcare

• Defense/Government

• Manufacturing

• Energy

• Others

Breakup by Region:

• South India

• North India

• West and Central India

• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Trending Reports By IMARC Group

india bottled water market: https://www.imarcgroup.com/india-bottled-water-market
india cosmetics market: https://www.imarcgroup.com/india-cosmetics-market
india health insurance market: https://www.imarcgroup.com/india-health-insurance-market
india retail market: https://www.imarcgroup.com/india-retail-market
india steel market: https://www.imarcgroup.com/india-steel-market

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145