The cybersecurity market in India for products and services will reach $35 billion by 2025 as per adviser to PM, Gulshan Rai.
‘’The unprecedented growth is being driven by innovation and newer technologies, but the safeguards to ensure the safety of services and products is seeing slow progress. There is an urgent need to bridge the gap’’ said the cybersecurity adviser.
The implications of security breaches cost heavily both in terms of finance and infrastructure, he said citing the example of the Cosmos Bank fraud in August.
According to a Nasscom, Data Security Council of India & PwC Report the cyber security market has been projected to be $35 billion by 2025. A million jobs created and a 1,000 start-ups in place.