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Dec 2017 - Market Analysis Perspective - Doc # AP42937617

Market Analysis Perspective: India Security Software and Appliances, 2017

On-line Presentation

Abstract

This IDC Market Analysis Perspective (MAP) covers the India security products market. The MAP is designed to provide clients the opportunity to engage with IDC's security software and appliance analysts on the key issues impacting the current security products market. It includes a 2016 update on:

  • Industry and market overview
  • Competitive landscape
  • Buying perspective
  • Future view of the market
  • Advice for the technology provider

"Indian firms comparatively spend lesser than global peers on cybersecurity solutions even as the costs of data breach are rising. There is a need for Indian enterprises to catch up on implementing newer cybersecurity technologies to get the right risk mitigation. Banking, financial services, and insurance (BFSI) and the government's smart cities initiative are providing a lot of traction in terms of revenue and potential for security vendors in India. Fintech companies and 'newcomers' are pushing traditional BFSI customers to take new initiatives, forcing them to implement better solutions for cybersecurity measures," says Pavan Metri, India software analyst.

Coverage