Nasscom envisages the Indian IT industry to achieve a size of $350-400 billion by 2025.
New Delhi: 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 on Wednesday.
The report defines a roadmap for the next 10 years that will grow the cybersecurity market in India. Nasscom envisages the Indian IT industry to achieve a size of $350-400 billion by 2025. Given the existing status and the possibility of rapid growth, 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, the report said.
According to the study, the global cybersecurity market is expected to reach approximately $190 billion by 2025 from $85 billion, and will be driven primarily by the increasing digitization wave and smartphone penetration, leading to newer attack surfaces & ever increasing number & sophistication of cyber threats.
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