To make India a global platform for cyber security-related requirements, The National Association of Software and Services Companies (Nasscom) & Data Security Council of India (DSCI) launched the Growing Cyber Security Industry, Roadmap for India report.
The report defines a roadmap for the next 10 years that will grow the cybersecurity market in the country.
“For India to become a global cyber security hub, a list of 16 initiatives has been formulated by Nasscom-DSCI. Effective programme roll-out and strategic vision realisation will require disciplined management of the 16 key initiatives suggested by the report,” said R Chandrashekhar, President, Nasscom.
Nasscom envisages the Indian IT industry to achieve a size of $350-400 billion by 2025.
“India should aspire to build a cybersecurity product and services industry of $35 billion by 2025, and generate a skilled workforce of one million in the security sector, to cater to the rise in global demand”, said the report.
With cybersecurity products constituting a $38 billion market in 2015, network security will emerge as the most attractive product segment by size, while security and vulnerability management has the highest growth prospects across various geographic regions.
“India being a primary hub for growing smartphone penetration and digitisation, it is imperative to build a robust cyber security products and services industry in the country,” Nasscom stated.