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India's Cybersecurity Industry Demand, Trends, and Market Opportunities

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India's Cybersecurity Industry Demand, Trends, and Market Opportunities

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  1. India'sCybersecurityIndustry: Demand,Trends,andMarket Opportunities Indiaispoisedtobecomeaglobal cybersecurityhub,contributing toasaferdigitalfuture. India,withitsthrivingITsectorand vasttalentpool,hasemergedasa significantplayerintheglobal cybersecurityindustry. RisingDemandforCybersecurity GrowingCyberThreatLandscape GovernmentInitiatives INDIA'SCYBER SECURITY MARKET BOOMS TO $3BILLIONBY2024 GROWTHOFCYBERSECURITYPRODCUTSMARKETININDIA 4.92% MARKET OPPORTUNITIES AEROSPACE& DEFENCE 16.1% BANKING SECTOR(BFSI) Products GrowthRate 1029 MILLION 1643MILLION Datasecurity 1 22.2% CAGR:16.9% 210 Endpointsecurity 19.1% Identityandaccess management 16.3% NetworkSecurity 15.3% SecurityIDR 14.8% 2 115 406 241 3 130 83 13.8% 4 394 504 IT/ITES 257 333 2019 5 18.0% 2023 Note:Includesdata-TillDecember31,2022 PRODUCTCONSUMPTION(INUSDMILLION ) Importantstatisticsrevealthattheentire Asia-Pacificregion,including India,hasaccountedfor58%oftheentirerevenuegeneratedthrough thedesigns ofmultiplecybersecurityproducts IMPROVINGTHEFRANCO-INDIANCO-OPERATION ANSSILaunchthespecialIndo- FrenchRoadmaponcybersecurity andDigitalTechnologyin2019 www.maiervidorno.com

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