India B2B Cybersecurity Market Research Report By Offering (Solution, Services), By Security Type (Network Security, End Point Security, Email Security, Deception Technology, Application Technology, Wireless Security, Others), By Deployment Type (On-Cloud, On-Premises), By Organization Size (Freelancers or Micro-Organizations, SME's, Large Organizations) and By Industry Vertical (BFSI, Manufacturing, Healthcare, Retail, IT & Telecommunications, Aerospace & Defense, Government, Others) - Forecast to 2035

India B2B Cybersecurity Market Overview

As per MRFR analysis, the India B2B Cybersecurity Market Size was estimated at 425.62 (USD Million) in 2023. The India B2B Cybersecurity Market Industry is expected to grow from 500(USD Million) in 2024 to 2,100 (USD Million) by 2035. The India B2B Cybersecurity Market CAGR (growth rate) is expected to be around 13.935% during the forecast period (2025 - 2035).

Key India B2B Cybersecurity Market Trends Highlighted

The India B2B Cybersecurity Market is experiencing significant growth, driven primarily by the increasing adoption of digital technologies across various industries. As organizations in India move towards digital transformation, the demand for robust cybersecurity solutions has surged. Key market drivers include the rising number of cyber threats and the growing awareness among businesses regarding the importance of safeguarding their data. The government of India has been proactive in promoting cybersecurity awareness through initiatives such as the National Cyber Security Policy, which aims to enhance cyber resilience across critical sectors. 

Additionally, there are substantial opportunities for businesses in this market, particularly in sectors such as finance, healthcare, and manufacturing, which are increasingly becoming targets for cybercriminals. The shift towards cloud computing and the Internet of Things (IoT) is also paving the way for innovative cybersecurity solutions tailored to meet the distinct needs of these sectors. Recent trends indicate that there is a marked rise in demand for advanced technologies like artificial intelligence and machine learning to bolster cybersecurity measures, reflecting a shift towards proactive threat detection and response. 

Furthermore, the emphasis on data privacy and compliance with regulations like the Personal Data Protection Bill has further underscored the need for businesses to invest in cybersecurity solutions.As more organizations recognize cybersecurity as a strategic imperative, there is an evident trend toward customizable and scalable security solutions. This not only enables companies to mitigate risks more effectively but also to gain a competitive edge in the increasingly digital landscape of India.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

India B2B Cybersecurity Market Drivers

Increasing Cyber Threats and Attacks

The fast digitalization in India has resulted in a considerable increase in cyber risks and assaults against organizations. According to the Indian Computer Emergency Response Team (CERT-IN), there has been an alarming spike in cyber events, with over 2.0 million recorded cases in 2022 alone, up around 25% from the previous year. This spike in cyber threats is a significant driver for the India B2B Cybersecurity Market Industry, as businesses recognize the importance of implementing strong cybersecurity measures to protect critical data and preserve operational integrity. 

Established companies like Tata Consultancy Services and Wipro have extended their cybersecurity services in response to this trend, advocating for developments in security frameworks to address rising risks across all industries. These organizations engage extensively in R&D projects to develop novel solutions that reduce the risks connected with data breaches and illegal access.

Government Initiatives and Regulatory Push

The Indian government has recognized the importance of cybersecurity and has introduced various initiatives to strengthen the nation's digital infrastructure. The National Cyber Security Policy 2020 emphasizes the need for a secure cyberspace and mandates organizations to implement cybersecurity measures. 

This regulatory framework compels businesses to invest in cybersecurity solutions, thereby driving growth in the India B2B Cybersecurity Market Industry.Notably, the Ministry of Electronics and Information Technology (MeitY) has launched programs to enhance skills and raise awareness about cybersecurity, further supporting the industry’s growth. Such governmental backing often leads to collaborations with established firms, enriching the ecosystem of cybersecurity solutions offered to businesses.

Rise of Remote Work and BYOD Policies

The shift to remote work and the adoption of Bring Your Own Device (BYOD) policies during and post-COVID-19 have significantly amplified the cybersecurity concerns of Indian businesses. A study led by NASSCOM found that 65% of Indian companies have adopted remote work policies, which has, in turn created a larger attack surface for cyber threats. 

Organizations are increasingly required to secure employee devices, networks, and data that are now accessed remotely.As a result, this trend acts as a strong impetus for growth in the India B2B Cybersecurity Market Industry as companies scramble to find effective solutions to ensure data protection in hybrid workplaces. Major cybersecurity players like Quick Heal Technologies and Paladion Networks are enhancing their offerings to cater to this immediate need to ensure security across diverse environments.

Demand for Compliance with International Standards

With globalization, Indian organizations have found themselves needing to comply with various international cybersecurity standards to maintain partnerships and market access. Reports indicate that 70% of enterprises are focusing on compliance with frameworks such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS). 

The pressure to meet such stringent compliance mandates is a significant driver for the India B2B Cybersecurity Market Industry.High-profile cybersecurity firms, including IBM Security and Cisco, have been instrumental in guiding Indian businesses toward achieving compliance, thus driving the demand for advanced cybersecurity solutions that align with international criteria. Compliance efforts are often seen as a way to build trust with customers and stakeholders, providing an additional incentive for companies to invest in cybersecurity.

India B2B Cybersecurity Market Segment Insights

B2B Cybersecurity Market Offering Insights

The India B2B Cybersecurity Market is expanding rapidly, fueled by the increasing digitization of businesses and the rise of sophisticated cyber threats. Within this broad market, the Offering segment plays a crucial role, encompassing both solutions and services that fortify organizations against cyber risks. As businesses increasingly adopt digital platforms, the demand for robust cybersecurity solutions is escalating, leading to a noticeable shift in how organizations approach their cybersecurity strategies. The solutions aspect typically includes various technological offerings such as advanced threat detection systems, firewalls, and encryption tools, which help in preventing unauthorized access and data breaches, highlighting their significant role in safeguarding intellectual property and customer data.

Meanwhile, the services segment, which comprises consulting, managed security services, and incident response, holds a major share as organizations seek expert guidance to navigate the complex cybersecurity landscape. Consulting services are vital for helping businesses develop tailored strategies that address their specific vulnerabilities, while managed services provide continuous monitoring and management of security infrastructures, enabling firms to focus on their core operations without compromising security. Both segments are witnessing growth driven by the increasing regulatory requirements to protect sensitive information and the rising awareness among enterprises about the financial and reputational consequences of cyber attacks.

The government's push towards digital India, coupled with initiatives to promote cybersecurity awareness, further contributes to the significance of this segment in the Indian market. With the landscape continuously evolving, offering both cutting-edge solutions and expert services becomes imperative for organizations looking to enhance their cyber resilience and protect their assets in an increasingly hostile digital environment. As threats become more sophisticated, the importance of adaptability and quick response capabilities within this segment will be crucial for organizations aiming to stay ahead of cyber adversaries, thereby driving ongoing growth in the India B2B Cybersecurity Market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

B2B Cybersecurity Market Security Type Insights

The India B2B Cybersecurity Market, categorized by Security Type, showcases a multifaceted landscape defined by critical components essential for protecting organizations against evolving cyber threats. Network Security plays a pivotal role in safeguarding data and maintaining the integrity of network boundaries, which remains paramount given the increasing frequency of cyber-attacks. End Point Security has emerged as a key focus area, especially with the rise of remote work, as securing devices that access corporate networks is crucial for mitigating risks.Email Security addresses one of the primary vectors for attacks, ensuring that communications remain secure and free from phishing attempts. 

Deception Technology is gaining traction as an innovative strategy to mislead attackers and improve detection capabilities, thus strengthening an organization’s security posture. Application Security is vital as businesses increasingly rely on software solutions for operations, necessitating robust defenses against vulnerabilities. Wireless Security protects critical communications and data from interception, a significant consideration in an increasingly mobile workforce.Lastly, the category of Others encompasses a variety of tools and practices that contribute to holistic security strategies. As such, the segmentation within the India B2B Cybersecurity Market reflects the broad and adaptive measures organizations are adopting to navigate an intricate threat landscape, highlighting the importance of a comprehensive cybersecurity approach.

B2B Cybersecurity Market Deployment Type Insights

The India B2B Cybersecurity Market demonstrates significant growth potential with its Deployment Type segmentation, which includes On-Cloud and On-Premises solutions. On-Cloud deployment is gaining traction due to the rapid digitization across various industries in India, fueled by the increasing demand for flexible and scalable security solutions. This has become essential for businesses adopting digital transformation strategies. On the other hand, On-Premises remains a critical choice for organizations prioritizing data sovereignty and control, especially in heavily regulated sectors.

The preference for this deployment type underscores the importance of maintaining stringent security protocols to protect sensitive information. As cyber threats evolve, the need for both deployment types will continue to rise, with On-Cloud solutions expected to cater to the dynamic needs of businesses looking for cost-effective and agile security frameworks. This segment holds strategic importance in streamlining cybersecurity measures, driving innovation, and encouraging robust security practices among businesses in the rapidly evolving digital landscape of India.The growth of these deployment types is a vital aspect of the overall India B2B Cybersecurity Market statistics, as organizations seek comprehensive and adaptable solutions to safeguard their digital assets.

B2B Cybersecurity Market Organization Size Insights

The India B2B Cybersecurity Market, particularly focused on Organization Size, showcases a diverse landscape where various types of entities, including Freelancers or Micro-Organizations, Small and Medium Enterprises (SMEs), and Large Organizations, require tailored cybersecurity solutions. Freelancers and Micro-Organizations, though smaller in scale, are increasingly becoming targets for cyber threats due to their often limited security measures and resources, emphasizing the need for affordable and effective cybersecurity solutions. Small and Medium Enterprises, which constitute a significant portion of the Indian economy, face unique challenges related to data protection and regulatory compliance, making them a critical focus for cybersecurity services.

On the other hand, Large Organizations typically have more resources to allocate for advanced cybersecurity measures but are also held to tighter compliance standards and face larger potential penalties in case of breaches. Thus, the substantial demand for proactive cybersecurity measures across different organizational sizes drives innovations and growth in the India B2B Cybersecurity Market, with enterprises recognizing the importance of safeguarding their data assets as cyber threats continue to evolve. The market is supported further by rising digitalization trends, government initiatives for cybersecurity awareness, and increasing regulatory requirements for data protection, indicating a robust growth trajectory across all organizational sizes.

B2B Cybersecurity Market Industry Vertical Insights

The India B2B Cybersecurity Market is experiencing notable growth across various industry verticals, reflecting the increasing importance of cybersecurity in today’s digital landscape. The Banking, Financial Services, and Insurance (BFSI) sector is particularly significant, given its critical need for robust security measures to safeguard sensitive financial data. Manufacturing also plays a pivotal role, driven by the rise in automation and reliance on connected devices, making it susceptible to cyber threats. The healthcare sector is increasingly focusing on cybersecurity to protect patient data and comply with regulatory standards, thus ensuring trust and safety in healthcare services.Retail is witnessing a surge in cybersecurity investments as e-commerce expands, requiring robust defenses against fraud and data breaches. 

The IT and Telecommunications sector continuously evolves, necessitating advanced security solutions to manage complex infrastructures and protect against sophisticated cyber attacks. Aerospace and Defense industries prioritize cybersecurity to secure data related to national security and technological advancements. Government initiatives further emphasize the need for stringent cybersecurity measures to protect citizen data and critical infrastructure.Overall, the diverse landscape of industrial sectors in India highlights the growing demand for comprehensive cybersecurity solutions to mitigate risks and secure digital operations.

India B2B Cybersecurity Market Key Players and Competitive Insights

The competitive landscape of the India B2B Cybersecurity Market is characterized by a rapid evolution driven by the increasing threats posed by cybercriminals and the growing need for businesses to protect their sensitive information. As more organizations adopt digital initiatives and migrate to cloud-based services, the demand for robust cybersecurity solutions has surged. The market features a diverse mix of global players, regional firms, and start-ups, all vying to offer comprehensive security services that can mitigate risks. Competition is fierce, with companies focusing on innovation, strategic partnerships, and enhancing their service offerings to cater to the specific needs of various industries, including finance, healthcare, and manufacturing. 

This competitive environment fosters a dynamic landscape where firms are continually adapting to technological advancements and changing regulatory requirements.Tech Mahindra has established a strong presence in the India B2B Cybersecurity Market, leveraging its extensive experience in telecommunications and IT services. The company boasts a robust portfolio of cybersecurity solutions that cater to various sectors, enhancing its reputation as a trusted partner for enterprises seeking to bolster their security posture. 

Tech Mahindra's strengths lie in its ability to integrate cybersecurity with its broader digital transformation offerings, ensuring that clients benefit from a holistic approach to risk management. The company's significant investment in research and development enables it to stay ahead of emerging threats, providing innovative solutions that address the evolving needs of its clientele. Furthermore, its strategic collaborations with technology partners enhance its capability to deliver cutting-edge security solutions tailored to the Indian market.

Paladion Networks has made a notable impact in the India B2B Cybersecurity Market, specializing in managed security services and threat intelligence. The company offers a range of key products and services, including security operations center (SOC) services, threat detection and response, and security consulting, all aimed at providing comprehensive protection to businesses against cyber threats. Paladion's presence in India is supported by its strengths in rapid incident response and its ability to tailor services to various industry verticals, making it a preferred choice for many organizations. 

The company has also engaged in strategic mergers and acquisitions to bolster its market position, enhancing its service capabilities and expanding its client base. By continuously evolving its offerings and leveraging advanced technologies, Paladion Networks remains a competitive player in the cybersecurity arena, committed to helping Indian businesses navigate the complex landscape of cybersecurity challenges.

Key Companies in the India B2B Cybersecurity Market Include:

• Tech Mahindra


• Paladion Networks


• Data Security Council of India


• SecureLayer7


• Wipro


• Infosys


• Cyient


• Subex


• HCL Technologies


• Indusface


• Tata Consultancy Services


• Sigtuple


• Mindcrest


• Mindtree


• Quick Heal Technologies

India B2B Cybersecurity Market Industry Developments

Recent developments in the India B2B Cybersecurity Market have seen significant attention, particularly from leading companies such as Tech Mahindra, Wipro, and Infosys, responding to increasing cyber threats and regulatory compliance requirements. The Cyber Security Initiative by the Ministry of Electronics and Information Technology in September 2023 has further emphasized the need for robust cybersecurity frameworks across businesses, leading to growth in demand for services. 

Notably, in June 2023, Wipro announced its acquisition of a niche cybersecurity firm aimed at expanding its capabilities in threat detection and response. Additionally, Cybersecurity Ventures cited that the Indian cybersecurity market is projected to reach $35 billion by 2025, highlighting a significant upward trend in market valuation. Companies like Paladion Networks and SecureLayer7 have been actively enhancing their service offerings to cater to this growing demand. 

The Digital India initiative has also played a crucial role in fostering a cybersecurity-aware environment, impacting how organizations approach their digital security postures. Recently, Tata Consultancy Services has been involved in partnerships focused on providing end-to-end cybersecurity solutions for various industries, further defining the market landscape.

India B2B Cybersecurity Market Segmentation Insights

B2B Cybersecurity Market Offering Outlook

• Solution


• Services

B2B Cybersecurity Market Security Type Outlook

• Network Security


• End Point Security


• Email Security


• Deception Technology


• Application Technology


• Wireless Security


• Others

B2B Cybersecurity Market Deployment Type Outlook

• On-Cloud


• On-Premises

B2B Cybersecurity Market Organization Size Outlook

• Freelancers or Micro-Organizations


• SME's


• Large Organizations

B2B Cybersecurity Market Industry Vertical Outlook

• BFSI


• Manufacturing


• Healthcare


• Retail


• IT & Telecommunications


• Aerospace & Defense


• Government


• Others

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	425.62(USD Million)
MARKET SIZE 2024	500.0(USD Million)
MARKET SIZE 2035	2100.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	13.935% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Tech Mahindra, Paladion Networks, Data Security Council of India, SecureLayer7, Wipro, Infosys, Cyient, Subex, HCL Technologies, Indusface, Tata Consultancy Services, Sigtuple, Mindcrest, Mindtree, Quick Heal Technologies
SEGMENTS COVERED	Offering, Security Type, Deployment Type, Organization Size, Industry Vertical
KEY MARKET OPPORTUNITIES	Cloud security solutions expansion, Compliance-driven cybersecurity services, AI-powered threat detection tools, Cybersecurity training and awareness programs, Managed security service providers growth
KEY MARKET DYNAMICS	rapid digitization, increasing cyber threats, regulatory compliance requirements, growing adoption of cloud services, demand for advanced security solutions
COUNTRIES COVERED	India