Market Insights Technology Cybersecurity Cyber Solutions

Cloud Security - India

India

The Cloud Security market in India is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is projected to reach INR €40.26m by 2025.
This indicates a strong potential for growth and development in the country.
Furthermore, the Cloud Security market is expected to demonstrate a promising compound annual growth rate (CAGR) of 29.86% between 2025 and 2029.
This would result in a substantial market volume of INR €114.50m by 2029, showcasing the increasing demand and adoption of cloud security solutions in India.
When assessing the market dynamics, it is crucial to consider the average Spend per Employee in the Cloud Security market.
By 2025, the projected average Spend per Employee is estimated to be INR €0.07.
This figure highlights the financial investment made by organizations to ensure robust security measures in their cloud-based operations.
In a global context, it is worth noting that United States is expected to generate the highest revenue in the Cloud Security market.
In 2025 alone, the projected revenue from United States is anticipated to reach a staggering €1,041.0m.
This indicates the dominance and maturity of the US market in the cloud security segment.
Overall, India's Cloud Security market is poised for substantial growth in the coming years, with significant revenue projections and a promising CAGR.
As organizations prioritize data protection and security, the demand for cloud security solutions is expected to rise, presenting lucrative opportunities for both domestic and international players in the Indian market.
India's growing tech sector is driving increased demand for cloud security solutions to protect sensitive data and meet regulatory requirements.

Key regions: Canada, Chile, Brazil, Spain, Germany

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Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.