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
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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

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

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