India Cybersecurity Services Landscape - A Global Hub in the Making

Published: May 21, 2020

The 'India Cybersecurity Services Landscape- A Global Hub in the Making' report is a testimony to the growth of Indian cybersecurity companies in terms of people, process and technology It endeavours to put the spotlight on offerings, innovation, strategy, current and future market perspectives of cybersecurity services companies.

The report attempts to cover the lengths and breadths of the ecosystem, offering a fine blend of data, insights, cases-studies, expert quotes, success stories, and can provide insights to various stakeholders in the ecosystem.

From statistical standpoint, the industry generated a cumulative revenue of ~USD 4.3 Bn in the year 2019 and with major revenue coming from system integrators. The industry is estimated to register an overall CAGR of ~21% by 2025. Also ~50-55% companies have been involved in creation of platform/IP for as a part of their innovative strategy. The Cybersecurity organizations and customers are actively collaborating for co-innovation and creation of effective solutions.

The current estimated employee base of the cybersecurity services companies is 110K which will be scaling up significantly in times to come. It is interesting to note that more than 35% companies are re-skilling half of their security workforce.

It is worth mentioning that 40-50% of the companies surveyed have been mentioned in leading analyst reports for their security services such as data privacy & protection, MSS, cloud & infrastructure, MDR, VAPT, IAM and consulting.

The future growth story of the Indian cybersecurity Industry is very promising with Global Corporations forging strategic partnerships for developing the ecosystem. Furthermore, with the development of the overall IT ecosystem, along with 360⁰ growth coupled with strong presence of GCC and Cyber Product industry, India is emerging into a global cybersecurity hub.

Key Findings

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