India Cyber Security Services Market Projected to Reach USD 7.83 Billion by 2033

The latest report by IMARC Group, titled "India Cyber Security Services Market Size, Share, Trends and Forecast by Service, Industry Vertical, and Region, 2025-2033," provides a comprehensive analysis of the India cyber security services market. The market size reached USD 2.48 Billion in 2024 and is projected to reach USD 7.83 Billion by 2033, exhibiting a CAGR of 13.60% during 2025-2033.

• Base Year: 2024
• Forecast Years: 2025-2033
• Historical Years: 2019-2024
• Market Size in 2024: USD 2.48 Billion
• Market Forecast in 2033: USD 7.83 Billion
• Market Growth Rate (2025-2033): 13.60% CAGR

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India Cyber Security Services Market Overview

India cyber security services market was USD 2.48 Billion in 2024 and anticipated to be USD 7.83 Billion by 2033 with a CAGR of 13.60% during the forecast period (2025-2033). This massive growth is being fueled by the acceleration in digital payments, ecommerce and online banking, which has also catalyzed an escalation in cyber fraud threat, data breaches and hacking attacks. Growing utilization of artificial intelligence (AI) for real-time threat detection, anomaly detection, and autonomous response is further accelerating market growth. Government policies, like enhanced budgetary spending (budget proposals) in cybersecurity and tough regulations, are also contributing significantly towards enhancing the nation's digital infrastructure.

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India Cyber Security Services Market Trends and Drivers

India cyber security services market was USD 2.48 Billion in 2024 and is expected to be USD 7.83 Billion by 2033 with a growth rate of 13.60% during the forecast period (2025-2033). This huge growth is being driven by the surge in digital payments, ecommerce and online banking, which has also triggered a rise in cyber fraud threat, data breaches and hacking attacks. Increasing use of artificial intelligence (AI) for real-time threat detection, anomaly detection, and autonomous response is further driving market growth. Government policies, such as increased budgetary expenditures (budget proposals) in cybersecurity and stringent regulations, are also playing a crucial role in improving the country's digital infrastructure.

India Cyber Security Services Market Segmentation

By Service:
• Professional Services
o Integration
o Support and Maintenance
o Training
o Consulting and Advisory
o Penetration Testing
o Bug Bounty
o Others

• Managed Services
o Managed Detection Response
o Managed Security Incident and Event Management
o Compliance and Vulnerability Management
o Others

By Industry Vertical:
• IT and Telecom
• Retail
• BFSI (Banking, Financial Services, and Insurance)
• Healthcare
• Defense/Government
• Energy
• Manufacturing
• Others

By Region:
• North India
• South India
• East India
• West India

India Cyber Security Services Market News

Recent developments include increased government funding for cyber security, the rollout of AI-powered security solutions, and the adoption of advanced fraud detection and risk assessment tools by banks and e-commerce platforms. The government's allocation of over INR 1,900 Crore for cyber security projects in 2025, up 18% from the previous year, highlights the nation's commitment to combating digital fraud and cybercrime. The market is also witnessing a rise in public-private partnerships, regulatory enhancements, and the integration of AI and machine learning for robust cyber defense.

Notes: If you require specific information not currently covered in the report, customization options are available to tailor the report to your needs.

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This release was published on openPR.