Cyber Security Market Size In India
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The global cyber security market size stood at usd 112 01 billion in 2019 and is projected to reach usd 281 74 billion by 2027 exhibiting a cagr of 12 6 during the forecast period from 2020 to 2027.
Cyber security market size in india. However the security concerns of the growth are also high said. India s cyber security market for products and services will grow up to 35 billion in 10 years from the present 4 5 billion. Verizon s mobile security index 2019 and verizon mobile security index msi 2020 report january 2020 70 pp pdf no opt in the global cyber insurance market as measured by gross. India cyber security market outlook to 2020 rising online transactions government s inclination towards heavy digitization of data to fuel growth provides a comprehensive analysis of the cyber security market in india.
According to estimates the cyber security market in india is expected to grow from usd 1 97 billion in 2019 to usd 3 05 billion by 2022 at a compound annual growth rate cagr of 15 6 almost one and a half times the global rate. The report focuses on the enterprises as well as residential segment. Digital growth rising cyber attacks and stringent regulatory mandates are the three main factors driving the market. The study estimates that the market for cyber security products in india will grow at a higher rate than that for services.
While many factors are contributing to this high growth rate. To classify and forecast india cyber security market based on security type solution type deployment mode end user industry company and regional distribution. To estimate and forecast the market size of india cyber security market from 2019 to 2025 and growth rate until 2025. Cyber security market in india is expected to grow from usd 1 97 billion in 2019 to usd 3 05 billion by 2022 at a compound annual growth rate cagr of 15 6 almost one and a half times the global rate.
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