Topics In Demand
Notification
New

No notification found.

Growing Market Of VAPT Services In India: Key Contributing Factors
Growing Market Of VAPT Services In India: Key Contributing Factors

146

0

The digital landscape of India is experiencing exponential growth, and with this expansion comes a heightened focus on cybersecurity. Vulnerability Assessment and Penetration Testing (VAPT) services are rapidly becoming an essential practice for organizations, driven by the critical need to proactively identify and address security weaknesses. This article explores the key factors propelling the VAPT market in India, examining statistics and trends that illuminate the growing importance of robust cybersecurity measures.

Market Overview

The cybersecurity landscape in India has been witnessing a remarkable surge, aligning with global trends. According to Statista, as of 2019, India's security testing market was valued at a substantial INR 14 billion. Projections indicate an impressive trajectory, with estimates suggesting that this market will cross the INR 31 billion mark by 2025, representing a robust Compound Annual Growth Rate (CAGR) of over 13% between 2020 and 2025.

This growth is part of a broader global trend, with the Vulnerability Assessment and Penetration Testing (VAPT) market expected to expand from USD 13.34 billion in 2019 to USD 23.56 billion in 2027, at a CAGR of 7.5%, as reported by Reports and Data.

1.Increasing Cyber Threats and Data Breaches

India has experienced a staggering rise in cyber-attacks and data breaches in recent years. According to the Indian Computer Emergency Response Team (CERT-In), the number of cybersecurity incidents reported in India increased by a staggering 25% in 2022, reaching over 1.4 million incidents. This alarming trend has raised awareness among organizations about the importance of identifying and mitigating vulnerabilities in their digital infrastructure.

High-profile data breaches, such as the Airtel data leak in 2021, which exposed sensitive information of over 300 million subscribers, and the Juspay data breach in 2020, which compromised the data of over 3.5 crore users, have further underscored the urgency for robust security measures.

2.Regulatory Compliance and Data Protection Laws

The Indian government has implemented various regulations and data protection laws to safeguard the privacy and security of individuals and organizations. Prominent among these are the Information Technology Act, 2000, and the recently introduced Personal Data Protection Bill, 2019. Compliance with these regulations often mandates organizations to conduct regular VAPT assessments, driving the demand for specialized VAPT services.

Furthermore, specific industries such as banking, healthcare, and government agencies are subject to stringent regulatory requirements, necessitating periodic vulnerability assessments and penetration testing to ensure the security of their systems and data.

3.Digital Transformation and Cloud Adoption

The rapid pace of digital transformation and the widespread adoption of cloud computing have created new attack vectors and expanded the attack surface for cybercriminals. As organizations migrate their operations to the cloud and grip emerging technologies like the Internet of Things (IoT) and Artificial Intelligence (AI), the need for comprehensive VAPT services has become critical.

VAPT services help organizations identify potential vulnerabilities in their cloud infrastructure, applications, and connected devices, enabling them to implement appropriate security measures and mitigate risks proactively.

4.Skilled Cybersecurity Workforce Shortage

India is experiencing a notable shortage of skilled cybersecurity professionals despite the increasing demand in the industry. A study by tech staffing firm TeamLease revealed that as of May 2023, there were approximately 40,000 open positions in the cybersecurity sector, highlighting the growing need for qualified experts. However, there remains a significant gap of 30 percent between demand and supply, posing a substantial skill challenge for the industry. This trend is expected to intensify, with forecasts from the National Association of Software and Services Companies (NASSCOM) indicating that the demand-supply gap for skilled talent in cybersecurity will expand 3.5 times by 2026.

This shortage has led many organizations to outsource their VAPT requirements to specialized service providers, leveraging their expertise, tools, and resources to ensure complete security assessments and effective risk mitigation strategies.

5.Cost-effectiveness and Expertise

Hiring and retaining in-house cybersecurity teams with specialized VAPT skills can be a costly effort, particularly for small and medium-sized enterprises (SMEs). Outsourcing VAPT services to reputable service providers offers a cost-effective solution, providing access to the latest tools, methodologies, and expertise without the overhead of maintaining a dedicated in-house team.

Furthermore, VAPT service providers offer specialized expertise in various domains, ensuring assessments tailored to the specific needs of different industries and organizations.

Looking Ahead

The surging VAPT market in India reflects a maturing cybersecurity landscape. Heightened cyber threats and regulatory demands necessitate a proactive approach to security.  While digital transformation expands the attack surface, the skilled workforce shortage necessitates leveraging external expertise.  VAPT services offer a cost-effective solution with specialized skills and advanced tools, enabling organizations to proactively fortify their digital defenses.


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


images
Aashish Kumar Goela
Associate Manager – Operations

GRAMAX Cybersec, a subsidiary of the GMR Group, has been founded with the goal of becoming a trusted partner for customers across multiple business verticals by leveraging the diverse experience of managing cybersecurity for critical infrastructure such as airports, power, and utilities. GRAMAX’s mission is to provide a comprehensive cybersecurity solutions and services offering that fosters “Trusted, Secure Partnerships” with customers and business partners in order to drive productivity, efficiency, and agility. GRAMAX is in a unique industry position to leverage GMR Group’s cross-functional expertise, which ensures security with professional manpower, techno security, and specialised services to address organisations’ comprehensive end-to-end security requirements. We strive to create the best environment for our customers to partner with us in securing their enterprise and protecting against any cyber or physical threat using our driving values “P.E.A.R.L” - Partnerships, Expertise

© Copyright nasscom. All Rights Reserved.