Friday, 24 March, 2023

Indian Cybersecurity industry grows at CAGR of 40%

<p>The Indian cybersecurity services and product industry grew at a CAGR of 40% and had combined revenue of $9.85 B in 2021. The services industry grew from $4.3 B in 2019 to $8.48 B in 2021 at a CAGR of 40.33% while the product industry grew from $740 M to $1.37 at a CAGR of 36.49%. The DSCI, in its report, noted that services firms garnered 80-85% of revenue from the global market while product companies had 60-65% revenue from India.&nbsp;</p>