| Product Code: ETC4390045 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India security assurance market import shipments displayed a moderate expansion with a CAGR of 5.0% from 2020 to 2024. However, there was a notable slowdown in growth between 2023 and 2024, with a negative growth rate of -8.5%. Overall, the market trend suggests a slight deceleration in growth momentum towards the end of the period.
The Security Assurance market in India is experiencing significant growth, reflecting the nation`s heightened focus on cybersecurity. This market segment encompasses solutions and services that assess and validate an organization`s security posture. With the increasing frequency and sophistication of cyber threats, businesses in India are keen to ensure their security measures are effective. Security assurance solutions help organizations identify vulnerabilities and weaknesses, making them crucial for proactive risk mitigation. The India security assurance market is characterized by the adoption of penetration testing, vulnerability assessments, and security audits to evaluate and enhance security controls. The demand for security assurance is driven by the need to safeguard digital assets and sensitive information from cyberattacks, positioning it as a critical element in India cybersecurity landscape.
The India Security Assurance Market is expanding due to the growing emphasis on the assurance of security measures and practices. Organizations are increasingly investing in security assurance services to evaluate the effectiveness of their security measures and ensure compliance with regulations. As the consequences of security breaches become more severe, businesses are seeking independent assessments and audits to bolster their security posture and maintain customer trust.
In the security assurance market, challenges involve providing continuous and robust assurance that security measures are effective. Assurance methods, such as penetration testing and security audits, must evolve to address new threats and vulnerabilities. Additionally, maintaining the confidentiality and integrity of security assessment findings is essential.
The COVID-19 pandemic highlighted the need for security assurance in India. As organizations faced unprecedented security challenges, they sought comprehensive solutions to assess, test, and validate their security measures. The market for security assurance services expanded as businesses prioritized ensuring the effectiveness of their security controls and practices.
In the India Security Assurance market, significant players are dedicated to ensuring the robustness and reliability of security measures. Leading companies like Tenable, Inc., Qualys, Inc., Rapid7, Inc., and McAfee (a subsidiary of TPG Capital) offer security assurance solutions that help organizations assess and enhance their security posture, providing insights and recommendations to mitigate vulnerabilities and threats effectively.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Security Assurance Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Security Assurance Market Revenues & Volume, 2021 & 2031F |
3.3 India Security Assurance Market - Industry Life Cycle |
3.4 India Security Assurance Market - Porter's Five Forces |
3.5 India Security Assurance Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Security Assurance Market Revenues & Volume Share, By Industry Verticals, 2021 & 2031F |
3.7 India Security Assurance Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 India Security Assurance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing incidents of cyber threats and data breaches in India |
4.2.2 Growing adoption of cloud services and IoT devices leading to higher security concerns |
4.2.3 Stringent regulatory requirements mandating organizations to enhance their security measures |
4.3 Market Restraints |
4.3.1 Lack of skilled cybersecurity professionals in India |
4.3.2 High costs associated with implementing and maintaining security assurance measures |
4.3.3 Rapidly evolving nature of cyber threats making it challenging to stay ahead |
5 India Security Assurance Market Trends |
6 India Security Assurance Market, By Types |
6.1 India Security Assurance Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Security Assurance Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Security Assurance Market Revenues & Volume, By Business Applications, 2021-2031F |
6.1.4 India Security Assurance Market Revenues & Volume, By System & Network Infrastructure, 2021-2031F |
6.1.5 India Security Assurance Market Revenues & Volume, By Mobility Solutions, 2021-2031F |
6.2 India Security Assurance Market, By Industry Verticals |
6.2.1 Overview and Analysis |
6.2.2 India Security Assurance Market Revenues & Volume, By BFSI, 2021-2031F |
6.2.3 India Security Assurance Market Revenues & Volume, By Telecommunications, 2021-2031F |
6.2.4 India Security Assurance Market Revenues & Volume, By Government, 2021-2031F |
6.2.5 India Security Assurance Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3 India Security Assurance Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 India Security Assurance Market Revenues & Volume, By Large enterprises, 2021-2031F |
6.3.3 India Security Assurance Market Revenues & Volume, By Small and medium enterprises, 2021-2031F |
7 India Security Assurance Market Import-Export Trade Statistics |
7.1 India Security Assurance Market Export to Major Countries |
7.2 India Security Assurance Market Imports from Major Countries |
8 India Security Assurance Market Key Performance Indicators |
8.1 Percentage increase in cybersecurity spending by Indian organizations |
8.2 Number of cybersecurity incidents reported in India |
8.3 Adoption rate of advanced security technologies like AI and machine learning in Indian organizations |
9 India Security Assurance Market - Opportunity Assessment |
9.1 India Security Assurance Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Security Assurance Market Opportunity Assessment, By Industry Verticals, 2021 & 2031F |
9.3 India Security Assurance Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 India Security Assurance Market - Competitive Landscape |
10.1 India Security Assurance Market Revenue Share, By Companies, 2024 |
10.2 India Security Assurance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |