Cyber security services market to treble at $13.6 b by 2025

The cyber security services market will triple to $13.6 billion in 2025 as against the current size of $4.39 billion, growing at 20-22 per cent annually.

Interestingly, about 80 per cent revenue will come from global markets.

The market size will go up to $9.3 billion by the end of financial year 2023, Rama Vedashree, Chief Executive Officer,Data Security Council of India said, after releasing the Cyber Security Services Landscape report.

Also, the cyber security services market globally clocked revenues of $64 billion in 2019-20 will grow to $89 billion by 2022 and $116 billion by 2025.

The Compound Annual Growth Rate of cyber security services market globally is pegged at 10 per cent. India, however, is expected to see a growth rate of 21 per cent. The report, which was released over a video-conference on Thursday, gives key data points on the growth of the cyber security industry in the country.