India faces Rising cases of cybercrimes
The India security system integrators market is projected to grow from $453 million in 2018 to $1.17 billion by 2024, posting a robust CAGR of 18%.
ResearchAndMarkets attributed the growth in the market to rising cases of cybercrimes and surging adoption of cloud computing services such as Cloud-as-a-Infrastructure, Software-as-a-Services, etc.
Moreover, rising number of small & medium-sized enterprises along with emergence of artificial intelligence in cyber security are some of the other factors driving growth in the India security system integrators market, said the Dublin-based research house.
Cyber security providers have a huge opportunity in India as a large number of global (Wipro, HCL & TCS) and domestic (Velocis Systems, Locuz Enterprise Solutions, etc.) security system integrators are operating in the country, which in turn, are offering them an opportunity to expand their presence in the Indian cyber security market during next five years.
Key players in the India security system integrators market are Wipro Limited, HCL Technologies Ltd, Tata Consultancy Services Limited, Tech Mahindra Limited, IBM India Private Limited, Dimension Data India Pvt Ltd, Cognizant Technology Solutions India Private Limited, Capgemini Technology Services India Ltd, Ingram Micro India Pvt Ltd, and Inspira Enterprise India Pvt. Ltd.
Domestic Security System Integrators that can be potential partners for cyber security provider include Velocis Systems Pvt Ltd, Locuz Enterprise Solutions Ltd, ACPL Systems Pvt Ltd, Frontier Business Systems (P) Ltd, Secure Network Solutions India Pvt Ltd, AGC Networks Limited, Softcell Technologies Limited and VALUEPOINT TECHSOL PRIVATE LIMITED. fiinews.com
