Increasing cases of cybercrimes, surging adoption
of cloud computing and rising number of small & medium-sized enterprises to
propel India security system integrators market through 2024
According to TechSci Research report, “India Security System Integrators Market By
Security Type, By Organization Size, By Industry Vertical, Competition,
Forecast & Opportunities, 2024’’, India security system integrators
market is projected to grow at a CAGR of more than 18% during 2019 - 2024 owing
to growing incidences of cybercrimes in India, surging adoption of cloud
computing services and rapid development of interconnectivity between multiple
industries across the country. Additionally, rising number of small &
medium-sized enterprises and Draft of Personal Data Protection Bill, 2018, is
further anticipated to fuel growth in India security system integrators market
in the coming years. Wipro Limited, HCL
Technologies Ltd, Tata Consultancy Services Limited and Tech Mahindra Limited
are few of the major companies operating in India security system integrators
market.
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63 market data Figures and Tables spread through 133 Pages and an in-depth
TOC on "India Security System Integrators
Market"
Among security type, network security system
integrators dominate India security system integrators market as network
security involves various solutions such as firewall, Intrusion Detection
Systems/Intrusion Prevention System (IDS/IPS), Unified Threat Management (UTM),
Virtual Private Networks (VPNs), etc., which help to protect client data along
with the information that is being shared between computers on the network.
However, risk & compliance management security
system integrators segment is expected to grow at the fastest CAGR during
forecast period as it enables companies to reduce risk and uncertainty that
can arise due to change in government policies & technological ecosystem
and also aids companies in adhering to rules, policies and guidelines. On
the basis of organization size, India security
system integrators market is segmented into large enterprises and small
& medium enterprises, of which the former dominates the market as they are
more vulnerable to cyberattacks.
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Cities like Kochi, Chennai and Kolkata are part of
the Government of India’s grand scheme to develop smart cities under Smart Cities
Mission. As a result, these cities are expected to witness increase in
investment, thereby developing into lucrative markets for cyber security
providers. “South region leads India
security system integrators market owing to
the large BFSI and IT & Telecom base coupled with the growing number of
SMEs in the region. Moreover, increasing adoption of automation and rising
trend of BYOD (Bring Your Own Device) and enterprise mobility is aiding the
growth of India security system integrators market. Additionally, surging
number of connected devices would further steer growth in India security system
integrators market in the coming years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Security System Integrators Market By
Security Type, By Organization Size, By Industry Vertical, Competition,
Forecast & Opportunities, 2024” has
evaluated the future growth potential of India security system integrators
market and provides statistics and information on market size, structure and
future market growth. The report offers decision makers superior market
intelligence, thereby enabling them conduct thorough investment appraisal.
Besides, the report also analyzes the evolving market inclinations
along with indispensable drivers, challenges and opportunities in India
security system integrators market.
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