In 2016, the global security software product market was expected to be worth USD 22-25 billion, growing at a CAGR of ~5% 2015-2020. While India contributed less than 2% to this global revenue, its growth was close to 2X the global growth. Cyber security is a global concern, but in India it is of paramount importance, largely because of the rise in internet/mobile usage in India, rise in digital payments, and the plethora of digital initiatives taken by the government, which is directing more and more people to be and transact online. On the one hand, the benefits of such progression is humongous, but on the other hand, it makes data security all the more crucial.
Watch this video to learn why.
To get more insights, download NASSCOM Strategic Review 2017: Software Products & Start-ups from here!