End-user spending on security & risk management in India to total $2.65 billion in 2023, estimates new research from Gartner_inc. Read more here GartnerSEC GartnerIT
“Many organizations in India lack in-house security capabilities, and as result, they engage security consulting and IT outsourcing companies to meet their requirements,” said Malik.
In 2023, spending on infrastructure protection will surpass spending on network security equipment because of an increase in the remote workforce and in cloud applications adoption. Both are shifting focus from network security to endpoint security, which is a sub-segment of the infrastructure protection segment, forecast to grow 13.5% in 2023.
In addition, cloud security end-user spending in India is forecast to experience the highest growth rate among all the other segments in 2023. The segment is projected to grow 25.8% in 2023 as Indian organizations increasingly switch to cloud workloads and applications.As organizations in India continue to do business online and are exposed to more attacks on their internet-connected applications, CISOs must focus their spending on application security and data security.
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