DUBLIN, Sept. 7, 2022 /PRNewswire/ — The “India Cyber Security Market, By Security Type, By Solutions Type, By Deployment Mode, By End Use Industry, By Region, By Top 12 States, Competition, Forecast & Opportunities, FY2017-FY2027” report has been added to ResearchAndMarkets.com’s offering.
The Indian Cyber Security Market was valued at USD2200.23 million in the year FY2021. The market growth is anticipated to continue during the forecast period, FY2023-FY2027, with a CAGR of 8.05% to achieve a market value of USD3543.37 million by FY2027.
Surging demands for the security protocols and processes due to increasing data theft is actively driving the growth of the Indian Cyber Security Market in the upcoming five years.
Complaints about the data breach from cyber companies and hacking attempts, cyber phishing, foreign espionage, etc., are majorly driving the market growth. Increased usage of cloud-based services and storage & sharing of data online are also increasing the demand for cyber security and thus supporting the growth of the Indian Cyber Security Market in the next five years.
Evolving trend of bringing your own devices (BYOD) to work and thus surging demand to protect the data from the companies and increasing requirement to monitor the sharing of valuable company integral data through BYOD devices are further substantiating the growth of the Indian Cyber Security Market in the forecast years through FY2027.
From communication services through social media, online based financial exchanges, banking services, e-commerce & delivery services online platforms, are utilizing the advancement of the technology. Internet of Things (IoT), along with the …