#indiacybersecurity

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BlueWeave Consulting, revealed that India cybersecurity market was worth USD 2.2 billion in 2020 and is further projected to reach USD 5.6 billion by 2027, at a CAGR of 14.5 % during the forecast period (2021-2027). Due to the increasing internet usage in the country, cybersecurity solutions have become more prevalent. In addition, the ever-increasing use of wireless networks for mobile devices has increased data risks, making cybersecurity a necessity for every business.

The Solutions Segment Dominates the India Cybersecurity Market

The India Cybersecurity market is categorized into hardware, software, and services based on componenets. Over the forecast period, the solution segment has accounted for a significant market share due to the increasing demand for monitoring external and internal risks in large and small & medium organizations. In addition, the solution segment offers easy, flexible, affordable, and scalable security features, including infrastructure security, identity, and access management, governance, risk & compliance, unified vulnerability management, data security, and others.

The Network Security Segment is Driving the India Cybersecurity Market

Based on security type, the India cybersecurity market is categorized into endpoint security, cloud security, network security, application security, infrastructure protection, data security, and others. The network security segment has accounted for the largest market share during the forecast period. Considering how rapidly network security threats are increasing, every network needs to be protected. As a result, network managers are now focusing on integrating new technologies and components. Network security refers to the technologies and systems used to prevent failure or exploitation and unauthorized access to a network. A growing number of hackers has attracted a lot of attention in recent years to network security.