Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Cybersecurity Market in India Growing At A Higher Rate

Cybersecurity Market in India Growing At A Higher Rate

As per the study report released by PWC India and the Data Security Council of India (DSCI), India's cybersecurity market is expected to rise at a compound annual growth rate (CAGR) of 15.3 percent from US$ 1.97 billion in 2019 to US$ 3.05 billion by 2022. The Indian Cybersecurity industry's growth is expected to be about 1.5X in the global security market.

The BFSI industry accounts for 26 percent of total spending on the cybersecurity market and is assumed to raise its investment to US$ 810 million from current US$ 518 million by 2022, at a CAGR of 16.1 percent. Cybersecurity investment growth is due to the factors like strict regulatory standards, utility payments, and marketplaces for online insurance. The uprising in payment technology using artificial intelligence (AI), blockchain, and mobile point-of-sale (POS) apps has brought a host of financial solutions to the world, according to the PWC and DSCI study report.

In the cyber offering suite, AI-driven applications are embedded— especially in security intelligence, detection and response (IDR) and security endpoint testing. DSCI also noted that global regulations such as the General Data Protection Regulation (GDPR), the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Trust Alliance (HITRUST) will continue to affect the cybersecurity industry in India.


Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...