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India Security Spending Forecast Update, 2023–2027

Publisher IDC
Published Jun 21, 2024
Length 18 Pages
SKU # IDC18912463

Description

India Security Spending Forecast Update, 2023–2027


This IDC forecast details the 2023–2027 market size and growth rate for the India security market. "India has always been a high-growth market, with hardware spending historically on the rise. However, since the pandemic, this growth has slowed as most investments have become one-off. Conversely, services spending has been growing exponentially, particularly in managed services. The growth rate in software spending is soaring, signaling a game-changing development. Substantial investments in AI-based solutions are being made, and organizations are having a proactive approach toward enhancing their security measures and posture," says Sakshi Grover, senior research manager, IDC Asia/Pacific.

Please Note: Extended description available upon request.

Table of Contents

18 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Developing Comprehensive Cyber-Resilience Strategies
Staying at the Forefront of Innovation
Addressing the Unique Needs of Critical Sectors in India
Healthcare
BFSI
Manufacturing Technology and OT
Critical Infrastructure
Ensuring Adaptability and Scalability
Addressing the Unique Needs of Critical Sectors
Promoting Collaboration and Partnership
Focusing on Training and Awareness
Continuously Monitoring Third-Party Risks
Navigating Regulatory Compliance for GenAI
Market Forecast
Hardware Security Market Forecast
Services Security Market Forecast
Software Security Market Forecast
Market Context
Drivers and Inhibitors
Drivers
India’s Booming Economy: A Magnet for Businesses
Patchwork of Data and AI Regulations in India
GenAI to Revolutionize the India Security Market
Inhibitors
Reluctance to Change Stifling Security Adoption in India
India’s IT and Cybersecurity Talent Crunch
Significant Market Developments
Security, Risk, and Compliance
A New Era of Data Protection in India
India’s Booming Start-Up Culture
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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