Cybersecurity Market Analysis
The global cybersecurity for critical infrastructure in financial sector market size was valued at $9,012.96 million in 2022, and is projected to reach $17,465.33 million by 2032, growing at a CAGR of 6.9% from 2023 to 2032. Cybersecurity plays an important role in protecting computer systems, computer networks, computer software and computer database from unauthorized data accessibility, theft, damage and other dangerous attacks. The process comprises of various technologies, processes and practices that are useful for safeguarding digital information and are helpful in preventing against cyber attacks that can harm data confidentiality, data integrity, data availability and computer resources. Critical infrastructure comprises of physical ystem, virtual system, assets and networks that are important for society functioning, economy functioning and nationals security functioning. The infrastructure helps in energy operations, transportation operations, water supply operations, communication operations, healthcare operations, financial service operations and government service operations. The infrastructure helps in providing relevant services and resources that helps in uninterrupted economic growth. The financial sector basically involves investment dealing, money allocation, capital allocation and financial resource management. The sector is a combination of broad range of institutions, businesses and activities that helps in facilitating the movement of funds among individuals, businesses, corporations, governments, and other entities to enhance economic growth, investment, and financial stability. The report focuses on growth prospects, restraints, and trends of the cybersecurity for critical infrastructure in financial sector market forecast. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the cybersecurity for critical infrastructure in financial sector market share.Key Takeaways
- Based on component, the solution segment held the largest market share in 2022
- Based on deployment mode, the on-premise segment held the largest market share in 2022.
- Based on industry, the fintech segment held the largest market share in 2022.
- Based on region, the North America segment held the largest market share in 2022.
Segment Review
The global cybersecurity for critical infrastructure in financial sector market is segmented into component, deployment mode, industry, and region. By component, the market is bifurcated into solution and service. Depending on deployment mode, the market is bifurcated into on-premise and cloud. As per industry, the market is categorized into banking, insurance and fintech. Region-wise, the cybersecurity for critical infrastructure in financial sector market is studied across North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Based on component, the solution segment held the largest market share in 2022. This is due to the growing presence of cybersecurity providers on a global scale. Based on deployment mode, the on-premise segment held the largest market share in 2022. This is due to the high level of trust established by companies over on-premise security solution. Based on industry, the fintech segment held the largest market share in 2022. This is due to the increasing cyber-risk exposed for online payment transactions, user accounts and banking infrastructure. Based on region, the North America segment held the largest market share in 2022. This is due to the increasing cancer cases in the region.Cybersecurity Market Statistics
Cybersecurity Market growth is not evenly distributed across regions. The US, China, Germany, the UK, and Japan are the largest country markets for Cybersecurity, however, many smaller country market segments are expected to register much higher growth compared to these giants. For example, Japan is one of the top five Cybersecurity Markets but lags behind emerging economies such as India and Brazil in terms of future growth. United States Cybersecurity Market Size The cybersecurity market revenue in the United States was valued at USD 73.41 billion in 2023. It is expected to reach USD 108.31 billion by 2028, growing at a CAGR of 8.09% during the forecast period (2023-2028). This can be attributed to the increasing frequency and sophistication of cyber-attacks in the country. Moreover, the growing regulatory requirement leads many organizations to adopt and invest in cybersecurity solutions, as many industries in the United States are subject to regulations, which require the organization to implement.Cybersecurity Market Trends
- The BFSI end-user industry in the cybersecurity market encompasses institutions involved in banking, financial transactions, insurance, and related financial services. These organizations prioritize robust cybersecurity measures to protect sensitive financial data, ensure regulatory compliance, and safeguard against cyber threats. The sector includes commercial banks, insurance companies, non-banking financial companies (NBFCs), investment firms, and credit unions.
- As financial institutions increasingly digitize their operations and services, robust cybersecurity measures are necessary. The BFSI sector is one of the key targets for cybercriminals due to the high-value transactions, sensitive customer data, and critical financial infrastructure it manages.
- Moreover, as per SentinelOne, there has been a substantial surge in the frequency and sophistication of attacks on the BFSI industry in recent years. Financial institutions were the sector with the second highest impact as per the number of reported data breaches last year. Ransomware attacks on financial services have increased to 64% in 2023 from 55% in 2022, almost double the 34% reported in 2021.
Cybersecurity Industry Overview
The Cybersecurity market is highly fragmented, owing to global players and small and medium-sized enterprises. Some of the major players are IBM Corporation, Nortonlifelock Inc. (Gen Digital Inc.), Microsoft Corporation, Proofpoint Inc. (Thoma Bravo LP), and Mcafee LLC. In order to enhance their services and solution offerings and gain sustainable competitive advantage, players in the market adopt strategies such as acquisitions and partnerships.- July 2024 – IBM and Microsoft bolstered their cybersecurity collaboration, aiming to assist clients in streamlining and updating their security operations, especially in the realm of hybrid cloud identity management. The collaboration combined IBM Consulting’s cybersecurity services and Microsoft’s robust security technology suite, equipped clients with the necessary tools and know-how to streamline their security operations, leverage cloud capabilities, safeguard their data, and fuel business expansion.
- June 2024 – Microsoft Corp. unveiled a cybersecurity initiative to bolster the defenses of hospitals catering to over 60 million residents in rural America. Complementing this, Microsoft collaborates with community colleges to roll out the Cybersecurity Skills Initiative. Furthermore, through its TechSpark program, Microsoft is actively fostering technology and cybersecurity employment opportunities in tandem with local partners.
Research Methodolgy
Competitive analysis and profiles of the major players in the cybersecurity for critical infrastructure in financial sector market include Accenture, Broadcom Inc., Zscaler, HCL Technologies, Rapid7, Wipro Inc., Okta Inc., Tata Consultancy Services, L&T Technology Services Limited, and Infosys. These players have adopted different strategies to increase their market penetration and strengthen their position in the cybersecurity for critical infrastructure in financial sector industry.Recent Product Launch in the Cybersecurity for Critical Infrastructure in Financial Sector Market
- In January 2022, Safe Security strategically collaborated with Infosys to provide risk quantification solutions in the cybersecurity market. This move will allow the organization to achieve a broad view of overall cyber risk solutions. The strategy will also use the SAFE’s proprietary algorithm and will identify the potential financial impact of cyberattack before occurrence.
- In October 2023, Okta Inc., launched cybersecurity workforce development initiative to bridge the gap between technology and cybersecurity skills. Okta focuses on two key areas. The second focus consists of 5,000 educational grants for jobless individuals who want to advance their Okta skills in order to transfer into cybersecurity. The program’s target audience includes military spouses, veterans, and IT employees affected by recent layoffs.
Recent Acquisition in the Cybersecurity for Critical Infrastructure in Financial Sector Industry
- In February 2023, Zscaler, a cloud security company acquired canonic security, an Israel based SaaS application security platform. The aim is to reduce SaaS supply chain attacks. ZScaler will improve its cloud access security broker product and SaaS security posture management (SSPM) product by utilizing latest supply chain capabilites into its data protection techniques. This acquisition will improve ZScaler postion in the cybersecurity market by providing it with a combination of supply chain and data protection capabilities.
- In March 2023, Rapid7 acquired cybersecurity startup Minerva Labs for $45 million. The deal includes $38 million in cash. Minerva employs just 14 people, who are all based in Israel, and they will all join Rapid7. The company has raised a total of only $7.5 million to date.
Market Landscape and Trends
The authority is imposing regulation for financial institutions to defend customer data and to keep the financial situation stable. Complying with regulations such as general data protection regulation (GDPR), California consumer privacy act (CCPA), and revised payment services directive (PSD2) is becoming increasingly important. Cloud services are being increasingly adopted by financial institutions for improving cost and scalability. Moreover, the trend offers better security challenges such as securing cloud environments, data protection, and ensuring compliance in the cloud.Table of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 India Cybersecurity Market, (2024 – 2033) (USD Million)
- 2.2 India Cybersecurity Market: snapshot
- Chapter 3. India Cybersecurity Market – Industry Analysis
- 3.1 India Cybersecurity Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Government Initiatives and Regulations
- 3.2.2 Rapid Digital Transformation Across Industries
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Service Type
- 3.7.2 Market Attractiveness Analysis By Security Solutions
- 3.7.3 Market Attractiveness Analysis By Deployment Type
- 3.7.4 Market Attractiveness Analysis By Company Size
- 3.7.5 Market Attractiveness Analysis By Industry Verticals
- Chapter 4. India Cybersecurity Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 India Cybersecurity Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. India Cybersecurity Market – Service Type Analysis
- 5.1 India Cybersecurity Market Overview: By Service Type
- 5.1.1 India Cybersecurity Market Share, By Service Type, 2023 and 2033
- 5.2 Professional Services
- 5.2.1 India Cybersecurity Market by Professional Services, 2024 – 2033 (USD Million)
- 5.3 Managed Services
- 5.3.1 India Cybersecurity Market by Managed Services, 2024 – 2033 (USD Million)
- 5.1 India Cybersecurity Market Overview: By Service Type
- Chapter 6. India Cybersecurity Market – Security Solutions Analysis
- 6.1 India Cybersecurity Market Overview: By Security Solutions
- 6.1.1 India Cybersecurity Market Share, By Security Solutions, 2023 and 2033
- 6.2 Network Security
- 6.2.1 India Cybersecurity Market by Network Security, 2024 – 2033 (USD Million)
- 6.3 Endpoint Security
- 6.3.1 India Cybersecurity Market by Endpoint Security, 2024 – 2033 (USD Million)
- 6.4 Cloud Security
- 6.4.1 India Cybersecurity Market by Cloud Security, 2024 – 2033 (USD Million)
- 6.5 Identity And Access Management (IAM)
- 6.5.1 India Cybersecurity Market by Identity And Access Management (IAM), 2024 – 2033 (USD Million)
- 6.6 Data Security
- 6.6.1 India Cybersecurity Market by Data Security, 2024 – 2033 (USD Million)
- 6.7 Application Security
- 6.7.1 India Cybersecurity Market by Application Security, 2024 – 2033 (USD Million)
- 6.8 Others
- 6.8.1 India Cybersecurity Market by Others, 2024 – 2033 (USD Million)
- 6.1 India Cybersecurity Market Overview: By Security Solutions
- Chapter 7. India Cybersecurity Market – Deployment Type Analysis
- 7.1 India Cybersecurity Market Overview: By Deployment Type
- 7.1.1 India Cybersecurity Market Share, By Deployment Type, 2023 and 2033
- 7.2 Cloud Based
- 7.2.1 India Cybersecurity Market by Cloud Based, 2024 – 2033 (USD Million)
- 7.3 On Premises Based
- 7.3.1 India Cybersecurity Market by On Premises Based, 2024 – 2033 (USD Million)
- 7.1 India Cybersecurity Market Overview: By Deployment Type
- Chapter 8. India Cybersecurity Market – Company Size Analysis
- 8.1 India Cybersecurity Market Overview: By Company Size
- 8.1.1 India Cybersecurity Market Share, By Company Size, 2023 and 2033
- 8.2 Small And Medium Enterprises (SMEs)
- 8.2.1 India Cybersecurity Market by Small And Medium Enterprises (SMEs), 2024 – 2033 (USD Million)
- 8.3 Large Enterprises
- 8.3.1 India Cybersecurity Market by Large Enterprises, 2024 – 2033 (USD Million)
- 8.1 India Cybersecurity Market Overview: By Company Size
- Chapter 9. India Cybersecurity Market – Industry Verticals Analysis
- 9.1 India Cybersecurity Market Overview: By Industry Verticals
- 9.1.1 India Cybersecurity Market Share, By Industry Verticals, 2023 and 2033
- 9.2 Banking, Financial Services, And Insurance (BFSI)
- 9.2.1 India Cybersecurity Market by Banking, Financial Services, And Insurance (Bfsi), 2024 – 2033 (USD Million)
- 9.3 Government And Defense
- 9.3.1 India Cybersecurity Market by Government And Defense, 2024 – 2033 (USD Million)
- 9.4 Healthcare
- 9.4.1 India Cybersecurity Market by Healthcare, 2024 – 2033 (USD Million)
- 9.5 It And Telecom
- 9.5.1 India Cybersecurity Market by It And Telecom, 2024 – 2033 (USD Million)
- 9.6 Retail And E-Commerce
- 9.6.1 India Cybersecurity Market by Retail And E-Commerce, 2024 – 2033 (USD Million)
- 9.7 Manufacturing And Energy
- 9.7.1 India Cybersecurity Market by Manufacturing And Energy, 2024 – 2033 (USD Million)
- 9.8 Other
- 9.8.1 India Cybersecurity Market by Other, 2024 – 2033 (USD Million)
- 9.1 India Cybersecurity Market Overview: By Industry Verticals
- Chapter 10. India Cybersecuritys Market – Regional Analysis
- 10.1 India Cybersecuritys Market Regional Overview
- 10.2 India Cybersecuritys Market Share, by Region, 2023 & 2033 (USD Million)
- 10.3. North America
- 10.3.1 North America India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.3.1.1 North America India Cybersecuritys Market, by Country, 2024 – 2033 (USD Million)
- 10.3.1 North America India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.4 North America India Cybersecuritys Market, by Service Type, 2024 – 2033
- 10.4.1 North America India Cybersecuritys Market, by Service Type, 2024 – 2033 (USD Million)
- 10.5 North America India Cybersecuritys Market, by Security Solutions, 2024 – 2033
- 10.5.1 North America India Cybersecuritys Market, by Security Solutions, 2024 – 2033 (USD Million)
- 10.6 North America India Cybersecuritys Market, by Deployment Type, 2024 – 2033
- 10.6.1 North America India Cybersecuritys Market, by Deployment Type, 2024 – 2033 (USD Million)
- 10.7 North America India Cybersecuritys Market, by Company Size, 2024 – 2033
- 10.7.1 North America India Cybersecuritys Market, by Company Size, 2024 – 2033 (USD Million)
- 10.8 North America India Cybersecuritys Market, by Industry Verticals, 2024 – 2033
- 10.8.1 North America India Cybersecuritys Market, by Industry Verticals, 2024 – 2033 (USD Million)
- 10.9. Europe
- 10.9.1 Europe India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.9.1.1 Europe India Cybersecuritys Market, by Country, 2024 – 2033 (USD Million)
- 10.9.1 Europe India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.10 Europe India Cybersecuritys Market, by Service Type, 2024 – 2033
- 10.10.1 Europe India Cybersecuritys Market, by Service Type, 2024 – 2033 (USD Million)
- 10.11 Europe India Cybersecuritys Market, by Security Solutions, 2024 – 2033
- 10.11.1 Europe India Cybersecuritys Market, by Security Solutions, 2024 – 2033 (USD Million)
- 10.12 Europe India Cybersecuritys Market, by Deployment Type, 2024 – 2033
- 10.12.1 Europe India Cybersecuritys Market, by Deployment Type, 2024 – 2033 (USD Million)
- 10.13 Europe India Cybersecuritys Market, by Company Size, 2024 – 2033
- 10.13.1 Europe India Cybersecuritys Market, by Company Size, 2024 – 2033 (USD Million)
- 10.14 Europe India Cybersecuritys Market, by Industry Verticals, 2024 – 2033
- 10.14.1 Europe India Cybersecuritys Market, by Industry Verticals, 2024 – 2033 (USD Million)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.15.1.1 Asia Pacific India Cybersecuritys Market, by Country, 2024 – 2033 (USD Million)
- 10.15.1 Asia Pacific India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.16 Asia Pacific India Cybersecuritys Market, by Service Type, 2024 – 2033
- 10.16.1 Asia Pacific India Cybersecuritys Market, by Service Type, 2024 – 2033 (USD Million)
- 10.17 Asia Pacific India Cybersecuritys Market, by Security Solutions, 2024 – 2033
- 10.17.1 Asia Pacific India Cybersecuritys Market, by Security Solutions, 2024 – 2033 (USD Million)
- 10.18 Asia Pacific India Cybersecuritys Market, by Deployment Type, 2024 – 2033
- 10.18.1 Asia Pacific India Cybersecuritys Market, by Deployment Type, 2024 – 2033 (USD Million)
- 10.19 Asia Pacific India Cybersecuritys Market, by Company Size, 2024 – 2033
- 10.19.1 Asia Pacific India Cybersecuritys Market, by Company Size, 2024 – 2033 (USD Million)
- 10.20 Asia Pacific India Cybersecuritys Market, by Industry Verticals, 2024 – 2033
- 10.20.1 Asia Pacific India Cybersecuritys Market, by Industry Verticals, 2024 – 2033 (USD Million)
- 10.21. Latin America
- 10.21.1 Latin America India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.21.1.1 Latin America India Cybersecuritys Market, by Country, 2024 – 2033 (USD Million)
- 10.21.1 Latin America India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.22 Latin America India Cybersecuritys Market, by Service Type, 2024 – 2033
- 10.22.1 Latin America India Cybersecuritys Market, by Service Type, 2024 – 2033 (USD Million)
- 10.23 Latin America India Cybersecuritys Market, by Security Solutions, 2024 – 2033
- 10.23.1 Latin America India Cybersecuritys Market, by Security Solutions, 2024 – 2033 (USD Million)
- 10.24 Latin America India Cybersecuritys Market, by Deployment Type, 2024 – 2033
- 10.24.1 Latin America India Cybersecuritys Market, by Deployment Type, 2024 – 2033 (USD Million)
- 10.25 Latin America India Cybersecuritys Market, by Company Size, 2024 – 2033
- 10.25.1 Latin America India Cybersecuritys Market, by Company Size, 2024 – 2033 (USD Million)
- 10.26 Latin America India Cybersecuritys Market, by Industry Verticals, 2024 – 2033
- 10.26.1 Latin America India Cybersecuritys Market, by Industry Verticals, 2024 – 2033 (USD Million)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.27.1.1 The Middle-East and Africa India Cybersecuritys Market, by Country, 2024 – 2033 (USD Million)
- 10.27.1 The Middle-East and Africa India Cybersecuritys Market, 2024 – 2033 (USD Million)
- 10.28 The Middle-East and Africa India Cybersecuritys Market, by Service Type, 2024 – 2033
- 10.28.1 The Middle-East and Africa India Cybersecuritys Market, by Service Type, 2024 – 2033 (USD Million)
- 10.29 The Middle-East and Africa India Cybersecuritys Market, by Security Solutions, 2024 – 2033
- 10.29.1 The Middle-East and Africa India Cybersecuritys Market, by Security Solutions, 2024 – 2033 (USD Million)
- 10.30 The Middle-East and Africa India Cybersecuritys Market, by Deployment Type, 2024 – 2033
- 10.30.1 The Middle-East and Africa India Cybersecuritys Market, by Deployment Type, 2024 – 2033 (USD Million)
- 10.31 The Middle-East and Africa India Cybersecuritys Market, by Company Size, 2024 – 2033
- 10.31.1 The Middle-East and Africa India Cybersecuritys Market, by Company Size, 2024 – 2033 (USD Million)
- 10.32 The Middle-East and Africa India Cybersecuritys Market, by Industry Verticals, 2024 – 2033
- 10.32.1 The Middle-East and Africa India Cybersecuritys Market, by Industry Verticals, 2024 – 2033 (USD Million)
- Chapter 11. Company Profiles
- 11.1 Palo Alto Networks (India)
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Quick Heal Technologies
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Symantec India
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Fortinet India
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 McAfee India
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Cisco India (Security Solutions)
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Sophos India
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Checkpoint Software Technologies
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Trend Micro India
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 HCL Technologies (Cybersecurity Division)
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Wipro Limited (Cybersecurity Practice)
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 Tech Mahindra (Enterprise Security Solutions)
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 Infosys (Cybersecurity Services)
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.14 eSec Forte Technologies
- 11.14.1 Overview
- 11.14.2 Financials
- 11.14.3 Product Portfolio
- 11.14.4 Business Strategy
- 11.14.5 Recent Developments
- 11.15 Sequretek
- 11.15.1 Overview
- 11.15.2 Financials
- 11.15.3 Product Portfolio
- 11.15.4 Business Strategy
- 11.15.5 Recent Developments
- 11.16 Others.
- 11.16.1 Overview
- 11.16.2 Financials
- 11.16.3 Product Portfolio
- 11.16.4 Business Strategy
- 11.16.5 Recent Developments
- 11.1 Palo Alto Networks (India)
List Of Figures
Figures No 1 to 40List Of Tables
Tables No 1 to 2FAQs
1 . What is the restraints of India Cybersecurity market?
The Lack of Skilled Cybersecurity Professionals is major restraint in India Cybersecurity market.
2 . Which are the driving factors of the India Cybersecurity Market?
The Government Initiatives and Regulations is major driver in India Cybersecurity market.
3 . Which type led the India Cybersecurity market?
The “Professional Services” category dominated the market in 2023.
4 . Who are the key players in the India Cybersecurity market?
The key players in the market are Palo Alto Networks (India), Quick Heal Technologies, Symantec India, Fortinet India, McAfee India, Cisco India (Security Solutions), Sophos India, Checkpoint Software Technologies, Trend Micro India, HCL Technologies (Cybersecurity Division), Wipro Limited (Cybersecurity Practice), Tech Mahindra (Enterprise Security Solutions), Infosys (Cybersecurity Services), eSec Forte Technologies, Sequretek, Others.
5 . What is the growth rate of the India Cybersecurity market?
The market is projected to grow at a CAGR of 15.61% during the forecast period, 2024-2033.