The cyber security market in India was valued at nearly 140 billion Indian rupees in 2019. With the growth in digital adoption, leading to increased attacks online, the market was estimated to reach close to 290 billion rupees by 2025.
The study estimates that the market in India for cyber security products will grow at a higher rate than that for services, as organizations invest more in products powered by specialized technologies.
The study estimates that the cyber security market in India will be defined by three key sectors—banking and financial services industry (BFSI), information technology (IT) and information technology enabled services (ITeS), and government. These sectors will constitute 68% of the cyber market share.