India cybersecurity market forecast and opportunities, 2023 brochure

2013-2023 INDIA CYBERSECURITY MARKET MARKET BY SECURITY TYPE, BY SOLUTION, BY END USER SECTOR COMPETITION FORECAST & OPPORTUNITIES

PUBLISHED : MARKET

May,

INTELLIGENCE

2018 .

CONSULTING

TABLE OF CONTENTS

S No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

Voice of Customer 4.1.

User vs Non-User Group Analysis

4.2.

Cybersecurity Solution, By Security Type, By User Group

4.3.

Cybersecurity Solution Adoption, By Driver, By User Group

4.4.

Cybersecurity Measures Taken by Organizations, By User Group

4.5.

Cybersecurity Solution Adoption, By Challenges, By User Group

4.6,

Cybersecurity Solution, By Current Vendor, By User Group Analysis

4.7.

Cybersecurity Solution’s Satisfaction Score By Parameters, By User Group

4.8.

Cybersecurity Vendor Challenge, By User Group

4.9.

Parameters Influencing Purchase Decision of Cybersecurity Solution, By User Group

5.

Global Cybersecurity Market Overview

6.

India Cybersecurity Market Landscape

7.

India Cybersecurity Market Outlook 7.1.

Market Size & Forecast 7.1.1.

7.2.

By Value

Market Share & Forecast 7.2.1.

7.2.2.

By Security Type (Network Security, Content Security, Endpoint Security, Application Security, Cloud Security & Others)

By Solution (Identity Access Management, Risk & Compliance Management, Encryption, Firewall, Unified Threat Management, IDS/IPS & Others) © TechSci Research

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TABLE OF CONTENTS

S. No.

Contents 7.2.3.

By End User Sector (BFSI, IT & Telecom, Government, Healthcare & Others)

7.2.4.

By Region

7.2.5.

8.

9.

India Cybersecurity Market Attractiveness Index 8.1.

By Security Type

8.2.

By Solution

8.3.

By End User Sector

8.4.

By Region

India Network Security Market Outlook 9.1.

Market Size & Forecast 9.1.1.

9.2.

10.

By Value

Market Share & Forecast 9.2.1.

By Solution

9.2.2.

By End User Sector

India Content Security Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2.

11.

By Company

By Value

Market Share & Forecast 10.2.1.

By Solution

10.2.2.

By End User Sector

India Endpoint Security Market Outlook 11.1.

Market Size & Forecast © TechSci Research

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TABLE OF CONTENTS

S. No.

Contents 11.1.1.

11.2.

12.

By Value

Market Share & Forecast 11.2.1.

By Solution

11.2.2.

By End User Sector

India Application Security Market Outlook 12.1.

Market Size & Forecast 12.1.1.

12.2.

13.

By Value

Market Share & Forecast 12.2.1.

By Solution

12.2.2.

By End User Sector

India Cloud Security Market Outlook 13.1.

Market Size & Forecast 13.1.1.

13.2.

14.

By Value

Market Share & Forecast 13.2.1.

By Solution

13.2.2.

By End User Sector

Market Dynamics 14.1.

Drivers

14.2.

Challenges

15.

Market Trends & Developments

16.

Policy & Regulatory Landscape

17.

India Economic Profile Š TechSci Research

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TABLE OF CONTENTS

S. No. 18.

Contents Competitive Landscape 18.1.

Competitive Benchmarking

18.2.

Company Profiles 18.2.1.

Cisco Systems (India) Private Limited

18.2.2.

Symantec Software India Pvt. Ltd.

18.2.3.

Check Point Software Technologies Ltd.

18.2.4.

McAfee Software Pvt. Ltd.

18.2.5.

IBM India Private Limited

18.2.6.

Sophos Technology Solutions India Pvt. Ltd.

18.2.7.

Fortinet Innovation Centre India Pvt Ltd

18.2.8.

Kaspersky Labs India Private Limited

18.2.9.

Juniper Networks India Pvt Ltd

18.2.10.

Palo Alto Networks Private Limited

19.

Strategic Recommendations

20.

About Us & Disclaimer

© TechSci Research

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PRODUCT OVERVIEW

•

Cybersecurity refers to the set of technologies, procedures and processes designed to protect computers, data, network and programs from unauthorized access, damage or cyberattacks. Depending upon the organizational needs, type of the protection and degree of damage repair required, cybersecurity can be classified as Network Security, Physical Security, Application Security, Data Security, Cloud Security and others.

•

With growing data privacy and security vulnerability, coupled with increasing number of hi-tech ransomware attacks, cost of data breach is also on the constant rise, thereby driving the adoption of cybersecurity solutions across major end use sectors such as Government, BFSI, Defense, Healthcare, IT & Telecom and others.

•

Moreover, owing to increasing adoption of Social, Mobile, Analytics and Cloud (SMAC) technologies, in addition to the emergence of hyperconnected World of Everything era, demand for vertical-specific cybersecurity solutions is also anticipated to grow expeditiously in the coming years.

•

Prominent vendors in the market include Cisco, Symantec, IBM, McAfee and others.

Overview of Cybersecurity

Spear Phishing Ransomware Attacks Web-based Attacks Malware

     

Network Security Data Security Endpoint Security Cloud Security Wireless Security Data Loss Prevention

Common Types of Cyberattacks Source: TechSci Research © TechSci Research

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RESEARCH METHODOLOGY

Baseline Methodology: •

Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of India cybersecurity market. The team has analyzed various industry segments and speculated a positive future for the industry. Taking into consideration the technological developments, capital investments, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future. This would enable our clients in planning their investment decisions and exploring growth opportunities in India cybersecurity market.

•

For our study, we have gathered information through primary research surveys with multiple respondents in India cybersecurity market, followed by an exhaustive search of credible paid databases. Our team of experts has then prudently evaluated all the collected information and organized it in chronological order to depict a meaningful and

clear picture of the market.

•

In addition, while compiling the data, we have also validated all the collected information from multiple sources and data warehouses in order to present the most accurate and precise information of the concerned industry. We have also identified and analyzed all emerging trends, including the important drivers and challenges that the industry is confronting. We have also presented industry forecasts based on our in-depth analysis of the market dynamics, prevalent trends, major developments and growth opportunities.

Companies Interviewed

Cisco, Symantec, McAfee, Kaspersky Labs, IBM, etc.

Sources: Company Website, Annual Reports, Press Releases, Government Websites, Databases, etc.

© TechSci Research

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INDUSTRY BRIEF

Cybersecurity Market in India Continues to be Dominated by BFSI Sector According to TechSci Research report, “India Cybersecurity Market By Security Type, By Solution, By End User Sector, Competition Forecast & Opportunities, 2013 – 2023”, cybersecurity market in India is projected to grow at a CAGR of more than 19% during 2018 - 2023. Key factors expected to drive the market are rapidly increasing digitization under Digital India program, emergence of SMACT technologies, surging demand for BYOD & mobility, and growing adoption of networking trends such as Software Defined Networking (SDN) and Network Function Virtualization (NFV). Alarming increase in incidences of ransomware attacks, which hamper the credibility and CAPEX/OPEX of organizations, is anticipated to have a huge positive impact on the cybersecurity market in India over the coming years.

Network security segment accounts for the largest share in the market, as it offers next-gen technology infused with advanced security features. However, in the coming years, cloud security is anticipated to grow at the fastest rate in India cybersecurity market, owing to rising adoption of cloud computing services, and continuing growth in enterprise mobility & bring your own device trend in the country. BFSI sector is the largest demand generating sector in the country’s cybersecurity market, as it is the biggest target of cyberthreats and attacks from hackers. Backed by rising promotion of mobile and e-governance activities initiated by the government, in addition to growing border management and national security concerns, adoption of cybersecurity in the government sector is also likely to witness robust growth during forecast period.

“With increasing number of organized and advanced cyberattacks, demand for cybersecurity solutions such as those based on advanced technologies like deception technology, artificial intelligence, etc., is growing across diverse sectors in India. Moreover, owing to growing number of SMART projects in the country, network and technological complexities are also increasing, which in turn, is resulting in rising investments in R&D by both government and private enterprises, thereby driving innovation in cybersecurity technologies and solutions.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. © TechSci Research

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SAMPLE DATA-SNAPSHOT

Figure 4: Cybersecurity Measures Taken by

Table 1: India Cybersecurity Market Size, By Security Type, By Value, 2013–2017 (USD Million)

Organizations, By User Group (N=XX) Security Type

2013

2014

2015

2016

2017

CAGR (20132017)

Network Security

XXX

XXX

XXX

XXX

XXX

XXX

Content Security

XXX

XXX

XXX

XXX

XXX

XXX

Endpoint Security

XXX

XXX

XXX

XXX

XXX

XXX

Application Security

XXX

XXX

XXX

XXX

XXX

XXX

Cloud Security

XXX

XXX

XXX

XXX

XXX

XXX

Others*

XXX

XXX

XXX

XXX

XXX

XXX

Cyber Awareness Measures

Cyber Risk Assessment Investments in Next Gen Technology or R & D Incident Response Development of in house Regulatory Framework

Figure 13: India Cybersecurity Market Share, By End User Sector, By Value, 2013–2023F

Others* Figure

7:

Cybersecurity

Solution’s

38.00%

38.00%

38.00%

38.00%

38.00%

38.00%

38.00%

38.00%

38.00%

38.00%

38.00%

29.00%

29.00%

29.00%

29.00%

29.00%

29.00%

29.00%

29.00%

29.00%

29.00%

29.00%

13.00%

13.00%

13.00%

13.00%

13.00%

13.00%

13.00%

13.00%

13.00%

13.00%

13.00%

6.00%

6.00%

6.00%

6.00%

6.00%

6.00%

6.00%

6.00%

6.00%

6.00%

6.00%

Satisfaction Score, By Parameter, By User Group (N=XX)

Manageability BFSI

IT & Telecom

Govern ment

Healthcare

Figure 27: India Endpoint Security Market Size, By Value, 2013-2023F (USD Million) In Built Features

CAGR (2013-2017) XXX

CAGR (2018E-2023F) XXX

Performance

Application Control

Basic Reporting

2013

2014

2015

2016

2017

2018E 2019

2020

2021

2022 2023F

Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

© TechSci Research

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Report Name: India Cybersecurity Market By Security Type, By Solution, By End User Sector, Competition Forecast & Opportunities, 2023

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ABOUT US & DISCLAIMER

About Us: TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer: The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the User of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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