India Cyber Security Market Outlook to 2020 – Rising Online Transactions & Government’s Inclination Towards Heavy Digitization Of Data To Fuel Growth” provides a comprehensive analysis of the Cyber Security market in India. The report focuses on the Enterprises as well as residential segment. The report covers aspects such as overall cyber security market, antivirus and antimalware market, segmentation of cyber security market by different security types, by solutions, by services, by major verticals, by major cities, by end users, by deployment models, by demand, by supply and by new and renewal orders. The report also covers role of consultants and system integrators along with Government’s role in India cyber security market. The publication extensively covers competitive landscape of major cyber security vendors with their detailed company profile. The decision making process before hiring a cyber security vendor and the tender process has been separately covered along with comprehensive value chain analysis with margins. The publication also covers two separate snapshots on India Antivirus and Antimalware market and India Data Loss Protection market that has extensive segmentations. The future analysis of overall cyber security market and key opportunities in future has also been discussed. Furthermore, the report also provides coverage on most common methods of cyber attacks and procedures to handle them. The report is useful for emerging and existing cyber security vendors, system integrators, cyber security consultancy firms and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
India Cyber Security Market
The cyber security market in the country has been immensely driven by a substantial growth in the online and digital data that accompanies increased threats from attackers. In FY’2015, the cyber security market in India clocked revenue worth INR ~ billion which increased by 79.9% from INR ~ billion in FY’2014. The cyber security market has experienced a substantial growth in the last few years.The network security segment has garnered ~% of the market revenues as observed in FY’2015 which is relatively higher than the global proportion in the same year. In FY’2015, spending on Identity and Access Management accounted for a share of ~% in the overall expenditure on various solutions in the country garnering revenues worth INR ~ billion. In the present scenario, Symantec has the strongest hold in the overall cyber security market. Symantec’s end point security solutions are the most trusted and favored upon in the Indian market. The company cut out a market share of around ~% in terms of revenues in FY’2015 and is determined to further penetrate the market.The demand for impeccable security products would be immense and the security companies would have the most profitable time in decades in India. The market is expected to grow by ~% and ~% in FY’2016 and FY’2017 respectively.
India Antivirus and Antimalware Market
The retail sales of antivirus and antimalware products to the home-user segment through online and offline organized retail outlets in India generated revenues of INR ~billion in FY’2015. The internet security products were the second most important choice as it garnered ~% share in revenues for the year FY’2015. 1-year download products accounted for ~% in the antivirus and antimalware market in FY’2015. The 3 PC antivirus products contributed a share of ~% in the overall antivirus and antimalware market in FY’2015. On the basis of mode of sales, most of the demand of antivirus products came from the offline mode in lieu of enterprise segment accounting for majority of the sales volume.
The onset of domestic companies such as QuickHeal and K7 into the enterprise segment has boosted the future prospects of the market in India. It has also heightened the competition among MNC and local domestic vendors. It has been estimated that the antivirus and antimalware market in India will expand from INR ~ billion in FY’2016 to INR ~ billion in FY’2020 at a CAGR of ~%.
India Data Loss Protection Market
India DLP market size in the year 2015 was recorded at INR ~ billion. The DLP market in India has been dominated by three major players that cater to nearly ~% of the overall DLP requirement in the small medium and large enterprises. The revenues generated through overall deployment of DLP solutions into all small, medium and large enterprises including the government offices amounted to INR ~ billion in the year FY’2015.
Organizations in India have been found to prefer network DLP because of its uncomplicated deployment. Other advantages of network DLP deployment are its integration with email and its coverage for a wide range of channels. In the year 2015, it was estimated that on-premise DLP deployment garnered the highest share in terms of revenues at ~%. Moreover, with the rapid expansion of data digitization in small and medium businesses, the demand for DLP deployments is expected to surge in the coming years.
Key Topics Covered in the Report:
- The market size of India Cyber Security Market.
- Market Segmentation by software, hardware and services, security types, solutions, services, verticals, major cities, end users, deployment, demand, supply and orders.
- Global Positioning of India Cyber Security Market
- Decision making process of hiring a cyber security vendor
- Value chain analysis of India cyber security market
- Tender Process in India Cyber Security Market
- Competitive Analysis of emerging players in India Cyber Security Market
- Profiles of Major Players In India Cyber security Market
- Trends And Developments In India Cyber Security Market
- Snapshot of Consultants and System Integrators in India Cyber Security Market
- Government Regulations In India Cyber Security Market
- India Cyber Security Market Future Projections And Outlook
- The market size of India Antivirus and Antimalware Market
- Market segmentation of the Antivirus and Antimalware market on the basis of sectoral use, sales, product, number of system and download period
- The market size of India Data Loss Protection Market
- Market segmentation of the Data Loss Protection market on the basis of solution type and deployment
- Analyst Recommendations
Ankur Gupta, Head Marketing & CommunicationsAnkur@kenresearch.com
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