Increased use of mobile devices and an ever increasing dependency on internet is propelling the need for security solutions. This report presents a detailed overview of the security software products landscape in India, and discusses key business and technology trends, drivers, and enabling ecosystem for security and its sub-segments.
The report also highlights and profiles cutting edge security solutions and products developed by ~50 Indian companies and concludes that Identity and Access Management are the most important security concern for businesses and represent the largest opportunity.
Indian security market pegged at USD 953 million in 2014, and expected to grow 2X by 2020.
In 2014, ~40% security product companies were start-ups.
Key emerging horizontals – advanced authentication, cloud access security, and mobile data protection.
Government & Defense, BFSI, and eCommerce are the trendsetters in security adoption.
