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Cybersecurity Solution Market in India 2019

  • Report Code : 392123
  • Industry : Telecom and IT
  • Published On : Jan 2020
  • Pages : 94
  • Publisher : Netscribes
  • Format: WMR PPT FormatWMR PDF Format

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

In India, where enterprises, IT and government sectors are transforming their traditional ways of operations, the demand for cybersecurity solutions has significantly increased. The cybersecurity solution market in India is forecasted to expand at a compound annual growth rate (CAGR) of ~16.14% to reach a value of INR 292.16 Bn by 2024, from INR 121.85 Bn in 2018. The rapid adoption of Cloud technology and the deployment of IoT devices in India have propelled the growth of the cybersecurity solution market in India.
Market insights based on product category:
Based on product category, the cybersecurity solution market in India is segmented into cybersecurity products and cybersecurity services. The cybersecurity products segment, which include network security, endpoint security, data security, identity and access management (IAM), and intelligence detection and response (IDR) products, is anticipated to grow rapidly and dominate during the forecast period.
The security IDR segment is expected to lead the market with the rising demand for automated incident response and early threat detection solutions. The demand for context-aware data security solutions to prevent phishing and malware attacks through online portals has picked up, fueling the growth of this product segment. Furthermore, large organizations are incorporating content filtering solutions to safeguard their network from malicious content.
Market insights based on end-user industry:
Based on end-user industry, the market is segmented into, IT/ITeS, government, telecom, healthcare, oil and gas, and other industries. BFSI is the leading end-user industry, owing to increasing fraudulent attacks in the banking sector. During the first half of FY 2020, debit and credit card transactions reached ~2.8 Bn, m-wallet transactions reached ~2.1 Bn, and UPI transactions reached ~1.5 Bn. Digital transactions of such a high amount are extremely vulnerable to cyber attacks.
The cybersecurity solution market in the IT/ITeS industry is expected to be the fastest-growing segment, expanding at a CAGR of ~19.04% during the 2019-2024 period. Global regulations such as General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and Cyber Intelligence Sharing and Protection Act (CISPA), among others, which support the protection of personal and critical data, have pushed IT firms to incorporate cybersecurity products in their IT network.
With the increasing adoption of Cloud technology, wearable devices and connected devices, over the past few years, cyber-attacks in healthcare sector have increased considerably. Connected medical devices, which collect personal information, financial details and other crucial medical information of patients are being primarily targeted by hackers. Therefore, many incidents of security breach have been recorded in the healthcare industry, necessitating the adoption of cybersecurity solutions, which as a result, is propelling market growth.
Competitive insights:
New entrants are facing tough competition from global cybersecurity providers such as Cisco, Symantec, IBM, and Quick Heal, among others. On the demand-side scenario as well, end-users are strongly inclined toward using cybersecurity solutions offered by global companies.
Companies covered
• Quick Heal Technologies Ltd.
• Check Point Software Technologies India Pvt. Ltd.
• Cisco Systems (India) Pvt. Ltd.
• Fortinet Technologies India Pvt. Ltd.
• IBM India Pvt. Ltd.
• Kaspersky Lab India Pvt. Ltd.
• McAfee Software (India) Pvt. Ltd.
• Sophos Technologies Pvt. Ltd.
• Symantec Software India Pvt. Ltd.
• Trend Micro India Pvt. Ltd.

Chapter 1: Executive summary 
1.1. Executive summary

Chapter 2: Socio-economic indicators
2.1. Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure

Chapter 4: Evolution of cybersecurity products in India
4.1. Evolution of cybersecurity products in India

Chapter 5: Cyber attacks in India
  5.1. Cyber attacks in India

Chapter 6: Market overview
  6.1. Cybersecurity solution market in India - overview
6.1.1. India cybersecurity solution market size and growth forecast

Chapter 7: Market segmentation - based on product category
  7.1. India cybersecurity solution market segmentation - based on product category
7.1.1. India cybersecurity solution market share based on product category
7.2. India cybersecurity products market overview
7.2.1. India cybersecurity products market share
7.2.2 India cybersecurity products market size and growth forecast
7.2.2.1. India data security market size and growth forecast
7.2.2.2. India end-point security market size and growth forecast
7.2.2.3. India identity and access management market size and growth forecast
7.2.2.4. India network security market size and growth forecast
7.2.2.5. India security intelligence detection and response (IDR) market size and growth forecast
7.3. India cybersecurity services market overview
7.3.1. India cybersecurity services market size and growth forecast

Chapter 8: Market segmentation - based on end-user industry
8.1. India cybersecurity solution market segmentation - based on end-user industry
8.1.1. India cybersecurity solution market share based on end-user industry
8.2. India cybersecurity solution market based on BFSI industry
8.2.1. India cybersecurity solution market based on BFSI industry market size and growth forecast
8.3. India cybersecurity solution market based on IT/ITeS industry
8.3.1. India cybersecurity solution market based on IT/ITeS industry market size and growth forecast
8.4. India cybersecurity solution market based on government sector
8.4.1. India cybersecurity solution market based on government sector market size and growth forecast
8.5. India cybersecurity solution market based on telecom industry
8.5.1. India cybersecurity solution market based on telecom industry market size and growth forecast
8.6. India cybersecurity solution market based on healthcare industry
8.6.1. India cybersecurity solution market based on healthcare industry market size and growth forecast
8.7. India cybersecurity solution market based on oil & gas industry
8.7.1. India cybersecurity solution market based on oil & gas industry market size and growth forecast
8.8. India cybersecurity solution market based on other industries
8.8.1. India cybersecurity solution market based on other industries market size and growth forecast

Chapter 9: Market influencers
9.1. Market drivers
9.2. Market challenges
 
Chapter 10: Recent funding
10.1. Recent funding

Chapter 11: Competitive landscape
  11.1. Quick Heal Technologies Ltd.
11.1.1. Company information
11.1.2. Business description
11.1.3. Products/services
11.1.4. Key people
11.1.5. Financial snapshot
11.1.6. Key ratios
11.1.7. Key financial performance indicators
11.1.8. Key business segments
11.1.9. Key geographical segments
Note: Similar information covered for all other public companies. Private companies' data given on best effort basis.
11.2. Check Point Software Technologies India Pvt. Ltd.
11.3. Cisco Systems (India) Pvt. Ltd. 
11.4. Fortinet Technologies India Pvt. Ltd. 
11.5. IBM India Pvt. Ltd.
11.6. Kaspersky Lab India Pvt. Ltd. 
11.7. McAfee Software (India) Pvt. Ltd. 
11.8. Sophos Technologies Pvt. Ltd.
11.9. Symantec Software India Pvt. Ltd. 
11.10. Trend Micro India Pvt. Ltd.

Chapter 12: Recent developments
12.1. Recent developments

Chapter 13: Appendix
13.1. Research methodology
13.2. About Netscribes
13.3. Disclaimer

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