India Cyber Security Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

India Cyber Security Market Growth

In 2024-25, Indian organisations are expected to bolster their cybersecurity measures to secure themselves against cloud-related threats (52%), hack-and-leak operations (36%), attacks targeted on connected devices (45%), and software supply-chain compromise (35%). Nearly 16% of all organisations are expected to increase their cybersecurity budget by at least 15%, while 33% of them are likely to raise their budgets by 11%-14%.

Merely 24% of all Indian organisations have the necessary capabilities and resources to tackle cybersecurity challenges effectively. Over 30% of them are getting started with the initial steps of their cybersecurity plan. The average demand for cybersecurity personnel in India exceeds the world average by 9%, and nearly 49% of all organisations hiring talented cybersecurity professionals face various issues, with hiring time taking as long as 6 months. Hence, increased skill development initiatives and rising cybersecurity awareness are expected to promote the market growth in the forecast period.

The number of state-sponsored cyber assaults against India grew by nearly 278% between 2021 and September 2023. The number of cyberattacks aimed at government institutions also increased by 460%. Small and medium enterprises witnessed a growth of 508% in the number of cyberattacks. India has emerged as a prime target for cyberattacks worldwide and accounts for 13.7% of all such incidents worldwide. This is expected to accelerate the demand for sophisticated cybersecurity solutions in the coming years.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

India Cyber Security Market Trends

In 2023, the DSCI report revealed that over 400 million cyber threats were detected across 8.5 million endpoints among Indian respondents, averaging 761 detections per minute. A study also concluded that organisations in the country lost USD 2.18 million in revenue due to data breaches and cyberattacks.

There is a growing deployment of artificial intelligence (AI) in cybersecurity to detect anomalies, analyse vast amounts of data, and predict emerging threats with precision. AI-based cybersecurity tools also boost response time, enhance efficiency, and strengthen cyber security resilience.

India Cyber Security Industry Segmentation

Market Breakup by Region:

• North India
• East and Central India
• West India
• South India

India Cyber Security Market Share

Based on region, the market is segmented into North India, East and Central India, West India, and South India. North India represented 31% of the overall market share in 2023. Over the forecast period of 2025-2034, West India is projected to grow at a CAGR of 12.8% as the demand for cloud-computing solutions increases and economic digitalisation gains momentum.

Leading Companies in the India Cyber Security Market

China accounts for almost 89% of all cyberattacks aimed against India. Besides, India accounts for 8% of all ransomware detections worldwide and is the third most vulnerable country to cyber risk. The increasing risk of cyberattacks faced by most of the BPO and information technology (IT) companies is expected to drive the adoption of critical cybersecurity solutions.

• IBM Corporation
• Microsoft Corp.
• Cisco Systems Inc.
• Amazon Web Services, Inc.
• Oracle Corporation
• Fujitsu Ltd.
• Dell Inc.
• Fortinet Inc.
• McAfee LLC
• Palo Alto Networks Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.