India Network Security and Cyber Risk Management Market

India Network Security and Cyber Risk Management Market by Segments (Security Information & Event Management (SIEM), Security Web Gateway (SWG), Identity Governance & Administration (IGA), and Enterprise Content-aware Data Loss Prevention (DLP)), Solutions (Encryption, Identity & Access Management (IAM), Data Loss Protection (DLP), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), and Others), Services (Network Security, Endpoint Security, Wireless Security, Cloud Security, and Others), End-user Verticals (Aerospace & Defense, Retail, Government, Healthcare, IT & Telecom, and BFSI), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-1650
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 216
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  • Pub. Date: Upcoming
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The India network security and cyber risk management market size is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing e-commerce transactions leading to rising requirement for cyber risk management solutions. 

India Network Security and Cyber Risk Management Market

Network security and cyber risk management are the practices of arranging cyber-security defensive measures, based on the negative impact of the threats. Initiating a risk management approach to cyber-security investment acknowledges that no organization can completely eliminate system vulnerability or block cyber-attack. An organization attends the flaws and the attacks through cyber-security risk management.

Cyber-security risk management usually depends upon a risk analysis that calculates cyber-security risks. Awareness and arrangement of network security and cyber risks are becoming a key priority for suppliers and manufacturers.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing vulnerability of systems due to availability of more sophisticated technology and complex transactions is anticipated to boost the market growth.
  • Rising government initiatives toward digitizing India is one of the major driving factors propelling the market growth during the forecast period.
  • Rapid increasing threats and frauds have encouraged organizations to modify strategic measures to avoid cyber-attacks, driving the market growth.
  • Increasing usage of technologies in the retail, banking, telecom, and manufacturing sectors, required for assimilating, processing, and storing large amounts of confidential information, is expected to spur the market expansion.
  • Technology changes and dynamic regulatory compliances are major challenges of the market
  • Lack of investments and limited funding are key factors that can restrict the market expansion in the coming years.
  • Technological advancements and system upgrades have increased the complexities for in-house IT professionals to monitor and manage threats, which is estimated to create opportunities for the market players.

Scope of the Report

The report on the India network security and cyber risk management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

India Network Security and Cyber Risk Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Segments (Security Information & Event Management (SIEM), Security Web Gateway (SWG), Identity Governance & Administration (IGA), and Enterprise Content-aware Data Loss Prevention (DLP)), Solutions (Encryption, Identity & Access Management (IAM), Data Loss Protection (DLP), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), and Others), Services (Network Security, Endpoint Security, Wireless Security, Cloud Security, and Others), End-user Verticals (Aerospace & Defense, Retail, Government, Healthcare, IT & Telecom, and BFSI)

Geographical Zone

India

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 InstaSafe, Lucideus, XenArmor, Nevis Networks, and Netrika Consulting India Pvt Ltd.

India Network Security and Cyber Risk Management Market Segment Insights

Security Information & Event Management (SIEM) segment to account for a large market share

Based on segments, the market is divided into security information & event management (SIEM), security web gateway (SWG), identity governance & administration (IGA), and enterprise content-aware data loss prevention (DLP). The SIEM segment is expected to hold a key market share during the forecast period owing to improved security awareness in the IT environment by combining security information management (SIM) and security event management (SEM) solutions. SIEM solutions enhance threat detection, compliance, and security incident management through the collection and analysis of security event data and sources.

India Network Security and Cyber Risk Management Market

Intrusion Detection System/Intrusion Prevention System (IDS/IPS) segment to register at a significant pace

In terms of solutions, the market is segmented into encryption, identity & access management (IAM), data loss protection (DLP), intrusion detection system/intrusion prevention system (IDS/IPS), and others. The IDS/IPS segment is expected to grow at rapid pace during the forecast period. It monitors network traffic for signs to avoid possible attacks. This type of solution takes action to stop the attack, when it detects potentially threatening activity. The IDS/IPS also sends an alert to security administrators about the potential virulent activity. Two main contributors to the disposition and operation of an IDS or IPS are the deployed signatures and the network traffic.

India Network Security and Cyber Risk Management Market

Cloud security segment to expand at a substantial CAGR

On the basis of services, the market is segregated into network security, endpoint security, wireless security, cloud security, and others. The cloud security segment is anticipated to register a substantial CAGR during the forecast period due to the increasing productivity of organizations with its ability to connect remote users, vendors, and contractors to work securely from any device or location.

Government segment to dominate the market

Based on end-user verticals, the market is classified as aerospace & defense, retail, government, healthcare, IT & telecom, and BFSI. The government segment dominated the market in 2020 and is expected to account for around 24% market share during the forecast period. Government and intelligence organizations in the country operate in a hostile environment. Thus, the government sector demand highly secured solutions as a part of their defense strategy. The presence of complex supply chain communities and diverse communication systems demand advanced secured and encrypted solutions.

Segments

Segments Covered in the Report

The India network security and cyber risk management market has been segmented on the basis of

Segments

  • Security Information & Event Management (SIEM)
  • Security Web Gateway (SWG)
  • Identity Governance & Administration (IGA)
  • Enterprise Content-aware Data Loss Prevention (DLP)

Solutions

  • Encryption
  • Identity & Access Management (IAM)
  • Data Loss Protection (DLP)
  • Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
  • Others

Services

  • Network Security
  • Endpoint Security
  • Wireless Security
  • Cloud Security
  • Others

End-user Verticals

  • Aerospace & Defense
  • Retail
  • Government
  • Healthcare
  • IT & Telecom
  • BFSI

Country

  • India

Key Players

  • InstaSafe
  • Lucideus
  • XenArmor
  • Nevis Networks
  • Netrika Consulting India Pvt Ltd.

Competitive Landscape

Key players competing in the India network security and cyber risk management market include InstaSafe, Lucideus, XenArmor, Nevis Networks, and Netrika Consulting India Pvt Ltd.

India Network Security and Cyber Risk Management
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Network Security and Cyber Risk Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Network Security and Cyber Risk Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Network Security and Cyber Risk Management Market - Supply Chain
  4.5. Global Network Security and Cyber Risk Management Market Forecast
     4.5.1. Network Security and Cyber Risk Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Network Security and Cyber Risk Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Network Security and Cyber Risk Management Market Absolute $ Opportunity
5. Global Network Security and Cyber Risk Management Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Network Security and Cyber Risk Management Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Network Security and Cyber Risk Management Demand Share Forecast, 2019-2026
6. North America Network Security and Cyber Risk Management Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Network Security and Cyber Risk Management Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Network Security and Cyber Risk Management Demand Share Forecast, 2019-2026
7. Latin America Network Security and Cyber Risk Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Network Security and Cyber Risk Management Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Network Security and Cyber Risk Management Demand Share Forecast, 2019-2026
8. Europe Network Security and Cyber Risk Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Network Security and Cyber Risk Management Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Network Security and Cyber Risk Management Demand Share Forecast, 2019-2026
9. Asia Pacific Network Security and Cyber Risk Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Network Security and Cyber Risk Management Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Network Security and Cyber Risk Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Network Security and Cyber Risk Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Network Security and Cyber Risk Management Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Network Security and Cyber Risk Management Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Network Security and Cyber Risk Management Market: Market Share Analysis
  11.2. Network Security and Cyber Risk Management Distributors and Customers
  11.3. Network Security and Cyber Risk Management Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The India network security and cyber risk management market has been segmented on the basis of

Segments

  • Security Information & Event Management (SIEM)
  • Security Web Gateway (SWG)
  • Identity Governance & Administration (IGA)
  • Enterprise Content-aware Data Loss Prevention (DLP)

Solutions

  • Encryption
  • Identity & Access Management (IAM)
  • Data Loss Protection (DLP)
  • Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
  • Others

Services

  • Network Security
  • Endpoint Security
  • Wireless Security
  • Cloud Security
  • Others

End-user Verticals

  • Aerospace & Defense
  • Retail
  • Government
  • Healthcare
  • IT & Telecom
  • BFSI

Country

  • India

Key Players

  • InstaSafe
  • Lucideus
  • XenArmor
  • Nevis Networks
  • Netrika Consulting India Pvt Ltd.

Key players competing in the India network security and cyber risk management market include InstaSafe, Lucideus, XenArmor, Nevis Networks, and Netrika Consulting India Pvt Ltd.

India Network Security and Cyber Risk Management

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