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.
- 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
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