HCL Tech readies a world-sized plan for cybersecurity market

HCL Technologies, India’s third largest software services company, is working to corner a larger share of the cybersecurity services market, a senior executive said. The number of cyberattacks against organisations worldwide has increased and they are accelerating their focus on cybersecurity amid the Covid-19 pandemic-led push towards digital transformation.

According to market research firm Gartner, the services pie – which includes system integration, operations management services and consulting services – is growing by between 6% and 13% depending on various kinds of services. HCL is reporting faster growth in the cybersecurity segment than the rest of the industry and it has created an overarching strategy to capture a larger share of the fragmented market, Maninder Singh, corporate vice president, cybersecurity and Governance, Risk and Compliance (GRC), HCL Technologies told ET.