Indian cybersecurity industry logged $9.85 bn as revenue in 2021: Study

Industry was 'at the forefront' in supporting government, says senior civil servant.

Cybersecurity, cyberattack, hacking

Shivani Shinde Mumbai
The Indian cybersecurity industry has witnessed significant growth in the last two years, with the services and product industry’s combined revenue jumping to $9.85 billion in 2021. The industry grew at a combined annual growth rate (CAGR) of 40 per cent in the last two years, as per a study conducted by Data Security Council of India (DSCI).

The study titled India Cybersecurity Industry Report - Services and Product Growth Story pegged the cybersecurity services revenue at $8.48 billion in 2021, a CAGR of 40.33 per cent from $4.3 billion in 2019. The product industry grew from $740 million in 2019

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 21 2021 | 7:23 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to