ÌÇÐÄÆƽâ°æ

The Indian cybersecurity market was valued at over * U.S. dollars in 2023. The market has steadily grown over the past five years, sustained largely by the cybersecurity products segment. Given the increasing number of cyberattacks in India, cybersecurity has been prioritized by both the government and the private sector. 

Segments within cybersecurity

Services and products within the cybersecurity market both had almost equal shares in the country in 2019. Among security products, security IDR accounted for the largest share that year. In the service segment, security operations made up the highest share with about ** percent that same year.

The need for cybersecurity 

 Along with being one of the largest markets for internet usage in the world, India reported the largest share of users who experienced any cyber crime, nearly ** percent higher than the global average. The onset of the coronavirus (COVID-19) pandemic, in addition to other disruptions, has attributed to a surge in online crime due to the exposure of working from home. This was especially significant in financial frauds, online gaming, and stalking. The primary reason, a study claimed, was a lack of awareness and education among netizens in the country.