The heavy shift towards online transactions in order to facilitate retail experience and expand customer outreach has exposed retailers as well as customers to severe risk of financial loss through cyber infiltration activities. There has been a heavy sprouting of payment gateways as the companies migrate to online retailing. Also, government initiatives like “Digital India” and “Smart City” campaign will bolster the migration of customer data on the web. The cyber security taskforce set up by the government aims to develop the cyber security industry in India from 1% market share presently to 10% by 2025. The taskforce also plans to build 100 plus successful security product companies in India alongside creating a trained base of 1 million certified cyber security professionals by 2025.
In this digitized age, customer data is equated to monetary gains. Hackers and sometimes competitive companies invent measures to extract customer data as gaining customer information will help them in understanding buying habits and market their product effectively. Hackers are forever in lookout for loopholes in the company’s security systems especially companies that provide financial services. Credit cards information is targeted the most. There have been innumerous cases of identity theft by the infiltrators in which case the company had to compromise on customer information. Large companies such as Sony and JP Morgan have been victimized in the recent past.
The cyber security market has been observed to grow from ~% in FY’2010 to ~% in FY’2015. The increasing organized retail establishments in the country and the growing awareness about company data security has led to many brands foraying into the market. Companies have started allocating dedicated budget towards security installations. Mid size companies have dedicated IT security teams who are engaged in 24*7 monitoring of their networks. Another important factor that is expected to push the market is the growing mobility among Indian employees. Flexibility in work culture demands protection of the company data on mobile devices. Organizations have been witnessed to invest heavily towards ensuring security over mobile devices like phones and laptops.
“Rise in number of commercial units, smart city development and compliance led security deployments will trigger the demand of cyber security in India in upcoming years. The after sale support to the enterprises, intensive research and development, expanding distribution network of vendors and heavy FDI into the security software industry are anticipated to push the overall industry to a higher growth trajectory”, according to the Research Analyst, Ken Research.
The report titled “India Cyber Security Market Outlook to 2020” provides detailed overview on the cyber security market and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for emerging and existing cyber security vendors, system integrators, cyber security consultancy firms and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Key Topics Covered in the Report:
- India Cyber Security Market Size
- Market Segmentation by
- Software, Hardware and Services
- Security types
- Solutions
- Services
- Verticals
- Major cities
- End users
- Deployment
- Demand
- Supply
- Orders
- Market Segmentation by
- Value Chain Analysis
- Competitive Analysis of Emerging Players in India Cyber Security Market
- Company Profiles of Major Players in India Cyber Security Market
- Trends and Developments and Government Regulations in the Market
- Most Common Methods of Cyber Attack in India
- Global Positioning of India Cyber Security Market
- Decision making process of hiring a cyber security vendor
- Tender Process in India Cyber Security Market
- Snapshot on India Antivirus and Antimalware Market Introduction and Size
- Snapshot on India Data Loss Protection Market
- Snapshot of Consultants and System Integrators in India Cyber Security Market
- Future Outlook and Projections of India Cyber Security Market with Detailed Analyst Recommendations
Companies Covered in the Report
Check Point
Paladion Networks
Aujas Networks
Nortech Infonet
Data Resolve Technologies
Mirox Cyber Security
ParaBlu
PwC
CyberQ Consulting
Accel Frontline
Orion
Softel
Cyber Security Integrators
Intellic
Major Players
Symantec
McAfee
Cisco
Trend Micro
QuickHeal
Key Security Solutions Mentioned in the Report
Firewalls
IPS, IDS
Antivirus
Web Filtering
Identity and Access Management
DLP, DLM, DRM
Unified Threat Management
For more details visit : https://www.kenresearch.com/defense-and-security/security-devices/india-cyber-security-report/12910-16.html
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249