India Cyber Security Market Analysis By Size, Share, Trends, Growth, Technology

1. Published: October 2020 Published: May 2021 Published: March 2021 Published: July 2021 Published: December 2020 Published: March 2021 Published: February 2021 2015 – 2025 2016 – 2026F 2017 – 2027 VIETNAM DATA CENTER MARKET-FORECAST & OPPORTUNITIES INDIA CYBER SECURTIY MARKET-FORECAST & OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING

2. Table of Contents 2

3. Table of Contents 3

4. Table of Contents 4

5. Table of Contents 5

6. List of Figures 6

7. List of Figures 7

8. Service Overview 8

9. Service Overview Scope of Report: Cyber Security Cyber security involves protecting systems, networks, programs, devices, and data from cyber attacks. It is basically the application of technologies, processes, and controls to protect critical systems and sensitive information from digital attacks. Cyber security is a discipline to reduce the risk of cyber-attacks and protect against the unauthorized exploitation of systems, networks and technologies. It aims to defend services and devices from e-attacks by various actors such as hackers, spammers, and cybercriminals. It is also known as information technology security or electronic information security. Market Segmentation BY SECURITY TYPE BY SOLUTION TYPE • Firewall • Antivirus & Antimalware • Risk & Compliance Management • Identity & Access Management • Data Loss Prevention • Intrusion Detection/Prevention System • Encryption & Decryption • Secure Web Gateways • Email Filtering • Others Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 • Network Security • Application Security • Cloud Security • Endpoint Security • Content Security • Others Year Range INDIA CYBER SECURITY MARKET BY DEPLOYMENT MODE • Cloud • On-Premise BY END-USER INDUSTRY • BFSI • IT & Telecom • Defense • Healthcare • Energy & Power • Retail & E-Commerce • Others BY REGION • North • East • West • South 9

10. Research Methodology 10

11. Research Methodology Data Analysis Data Collection Data Validation Market Profiling Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine overall market size , segmental market sizeand top players in the India cyber security market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India cyber security market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Factiva • Hoovers 11

12. Research Methodology • Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the India cyber security market. The team has analyzed the outlook for various segments of this market, while considering the major influencing factors such as increasing social media usage, rising demand for cloud-based systems, growing government initiatives, growing usage of Internet of Things (IoT), etc. and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the India cyber security market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholdersand industry experts. • The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the India cyber security market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017-2021. 12

13. Research Methodology • Respondents were asked about the current and future market growth rates, as well as market shares by security type, solution type, by deployment mode, by end-user industry, by region, by states, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: • Market shares by security type, solution type, by deployment mode, by end-user industry, by region, by states, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading cyber security players in India. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the India cyber security market. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 13

14. Research Methodology • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the India cyber security market. TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Note: (a) Sum of some shares may not be 100% due to round off till two decimal places. (b) The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. 14

15. Industry Brief India cyber security market is expected to show robust growth due to increasing instances of data breach in the forecast period. According to TechSci report on, “India Cyber Security Market - By Region, Competition Forecast & Opportunities, FY2017 - FY2027” India cyber security market is anticipated to achieve a market value of USD3543.37 million by FY2027, growing with a CAGR of 8.05% during the forecast period, FY2023-FY2027.  India cyber security market owes its growth to the factors like increasing instances of data breach, data theft by third party, phishing, and hacking attempts that are majorly driving the growth of the India cyber security market in the upcoming five years. Growing dependency on digital technology further supports the growth of the India cyber security market in the next five years. Extended social media usage, increased mobile phone penetration, and higher instances of sharing integral data through social media and multiple application-based services increase the risk of data theft. Companies have enhanced their services with end-to-end encryption still the issues of data theft, and systemic virus penetration in the software systems to cause online finance theft are a great concern and surge the demand for highly efficient cyber security services, thereby aiding the growth of India cyber security market in the future five years. Growing e-commerce industry, higher prevalence of product & services delivery systems also create room for data breaches while sharing personal information with third parties, thus increasing demand for cyber security. Work from home culture, online-based working systems, freelancing work, along with the evolving trend of bringing your own device to work, have increased the risks of data breaches due to network sharing and substantiate the growth of the India cyber security market in the forecast years through 2027. The India cyber security market is segmented by security type, solution type, deployment mode, end use industry, competitional landscape, regional distribution, and top 12 state analysis. Based on solution type, the market is further segmented into firewall, antivirus & antimalware, data loss prevention, risk & compliance management, identity & access management, intrusion detection/prevention system, email filtering, secure web gateways, encryption & decryption, and others. Firewall and antivirus & antimalware solutions are anticipated to hold the major shares of the market. Firewall solution is expected to hold the largest revenue shares of the market and dominate the segment in the upcoming five years on the grounds of its advantages over unauthorized access by unknown or third party cyber-attacks. The firewall solution creates a restriction between the internal and external network. The user may be provided with passwords or keys to the firewall to access the network that can only be authorized by the administrator of the internal system, thus avoiding incoming malicious traffic from external sources via the internet. A partial list of market players in the field includes Mcafee Software (India) Private Limited, Palo Alto Networks (India) Private Limited, Quick Heal Technologies Limited, Sonicwall Technology Systems India Private Limited, FireEye Technologies India Private Limited, Cisco Systems (India) Private Limited, Secureworks India Private Limited, F-Secure Pvt Ltd, Kaspersky Lab India Private Limited, ESET, spol. s r.o., NortonLifeLock India Private Limited, Juniper Networks India Private Limited, IBM India Private Limited, Crowdstrike India Private Limited. “Southern region of the country is anticipated to dominate the market and hold largest revenue shares in the forecast years. The largest market in the country is mostly held by the cities like Mumbai, Bangalore, Hyderabad, etc. Being the cyber hub of the country, the region also encounters the highest complaints of data theft, and an increasing number of market players are further anticipated to drive the growth of the India cyber security market in the upcoming five years. Moreover, higher investment in the IT industry, growing dependency of multiple businesses over online platforms are expected to further aid the market growth. New market players may focus on cloud security, since the usage of cloud-based services are rapidly increasing, and that would aid their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 15

16. Sample Data - Snapshot India Cyber Security Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% India Network Security Market Share, By Solution Type, By Value, 2017-2027F India Endpoint Security Market Share, By Deployment Mode , By Value, 2017-2027F 16

17. Report Ordering Report NameINDIA CYBER SECURTIY MARKET FORECAST & OPPORTUNITIES 2017 – 2027 To View Sample OR Purchase Report 17

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