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

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

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