Indian Network Security Market, Forecast to 2021

Frequent Cyber Attacks on Government Bodies and Large Enterprises to Increase demand for Network Security Products
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Published: 26 May 2017

With businesses around the world changing at a fast pace, the dynamics built around them is changing rapidly as well. Enterprises are investing in technologies that are low on capital yet offer the best outcome on productivity. Over the last one and half decades, disruptive technologies in social, mobility, analytics, and cloud (SMAC) have emerged. Enterprises are leveraging on these to extract benefits on cost, efficiency, and value. While all of these are sweet spots for businesses, security remains an area of concern for all of them. If one has patiently tracked the growth of cyber security since its existence, it would be an agreed fact that over the last 10 years the awareness among enterprises has increased several folds in India. Earlier there used to be one chief information officer (CIO), who would manage all angles of technology within a business. Now, however, most organizations have a chief information security officer (CISO) who is capable of strategizing on cyber security aspects with a separate budget he is armed with. Securing the network of the enterprise continues to remain the basic cyber security arrangement in protecting digital assets. A new age firewall has become much more intelligent and is capable of identifying, stopping, and remedying threats entering into the network, thanks to the emergence of Next-generation Firewalls (NGFW). Other separate network security solutions have become powerful with the likes of IDS/IPS and SSL VPN. It is expected that enterprises will buy network security products from vendors that can showcase cyber security capabilities to fight advanced network threats. The research service titled “Indian Network Security Market in India, Forecast to 2021” analyzes the state of network security in the country in 2016. With an aim of providing the readers with a comprehensive understanding of the market (current and future), a well-tested step-by-step research methodology has been followed, which is an ideal mix of primary and secondary research. The market research starts with defining the network security market, the mega trends affecting the growth of network security in India, industry verticals impacting the network security adoption, and an overview on the cyber security regulations. The drivers and restraints to the market are being identified and their impacts on growth are measured. Market sizing and forecasting for the overall and sub-segments of network security (Firewall/IP Sec, IDS/IPS and SSL VPN) are being estimated along with the market engineering measurements. Finally, the growth opportunities are being identified that Frost & Sullivan believes to create differentiators for network security vendors. Key Questions this Study will Answer: (1) What is the current state of the overall network security market in India? (2) What are the specific drivers and challenges to the growth of network security in India? (3) What are the market size, vertical split, and trends for network security? (4) How will the market look like by the end of 2021? (5) How are each of the individual network security applications performing? (6) What does the future hold for network security in the country?

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