Indian cybersecurity services industry to hit $13.6B by 2025: Nasscom
The Indian cybersecurity services industry is expected to grow at a compound annual growth rate (CAGR) of about 21 percent to touch $13.6 billion by 2025, a report by Nasscom-DSCI said on Thursday.
The global cybersecurity services market is expected to reach $89 billion by 2022, with an overall CAGR of 10 percent.
DSCI Chairman and NIIT Group Co-Founder Rajendra S Pawar noted that products and services ecosystem are the twin pillars of India's cybersecurity industry.
"The Indian cybersecurity services industry is growing twice as fast as the global market.
The report was commissioned through extensive primary and secondary research of more than 70 cybersecurity services companies in India.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
In 2018, the average investment into cryptocurrency and blockchain increased by over $1 million.
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