Indian cybersecurity services expected to grow to $7.6 bn by 2022: DSCI

The Indian cybersecurity services industry is expected to grow to about $7.6 billion in 2022 from $4.3 billion at present. At a growth rate of about 21 per cent, its is expected to be worth $13.6 billion by 2025, according to a report by the Data Security Council of India.

Due to the Covid-19 pandemic, cybesecurity is attracting a lot of attention from company boards and governments alike. The global cybersecurity services’ market is expected to reach about $89 billion by 2022, a growth rate of 10 per cent. Managed security services and system integration are the most attractive service lines, while identity and access management, big data analytics and cloud security are expected to garner high demand, the report added.