Indian cybersecurity companies generate $450 mn revenue

India has 175 plus Indian cybersecurity product companies generating revenue of $450 million.
cybersecurity event
More than 80 percent Indian cybersecurity product companies are cloud ready and one third of the products are using artificial intelligence or machine learning, according to a report from Data Security Council of India.

70 percent of these cybersecurity product companies have been incorporated in last decade with several start-ups generating 60 percent plus growth rate.

The product landscape has a fine blend of pure-play cybersecurity product companies and those offering both products and services.

It has both traditional solution providers and those innovating with new age technologies such as Artificial Intelligence, Machine learning, Automation, Big Data & Analytics, Encryption, Blockchain, Quantum Cryptography, Deception, among others. Report unveiled the rising innovation quotient of the ecosystem with 40 percent patent conversion.

“Cybersecurity is a strategic sector for country’s defence and it is reassuring to see many young companies building next-gen security solutions using AI/ML, Big Data/Analytics, Blockchain, Encryption, Forensics etc.,” Ajay Sawhney, secretary IT & Electronics, Government of India said.

India is emerging as a very vibrant cybersecurity product ecosystem, and now it is the time to accelerate India to a leadership position in the domain, Rama Vedashree, CEO of DSCI said in a statement.

Attivo Networks, a provider of deception technology for cybersecurity defense, has expanded its operations to support demand for deception technology in India.

Tushar Kothari is the CEO of Attivo Networks. Attivo Networks will be showcasing its deception technology at the AISS 2018 NASSCOM-DSCI Annual Information Security Summit in India on December 4-6, 2018.