The National Association of Software and Services Companies (NASSCOM) and Data Security Council of India (DSCI) have launched a detailed roadmap for India to become a global hub for cyber security-related requirements in the next 10 years.
Titled ‘Growing Cyber Security Industry, Roadmap for India’, the report identifies Managed Security Service (MSS), Security and Vulnerability Management (SVM) and network security emerging as attractive opportunities globally. MSS is the key opportunity for India, registering the highest growth of more than 12 per cent and largest market size ($18 billion).
“For India to become a global cyber security hub, a list of 16 initiatives has been formulated by Nasscom-DSCI. Effective programme roll-out and strategic vision realisation will require disciplined management of the 16 key initiatives suggested by the report,” said R Chandrashekhar, President, Nasscom.
Nasscom said the Indian IT industry is set to reach a size of $350-$400 billion by 2025. With cyber security products constituting a $38 billion market in 2015, network security will emerge as the most attractive product segment by size, while security and vulnerability management has the highest growth prospects across various geographic regions.
“India being a primary hub for growing smartphone penetration and digitisation, it is imperative to build a robust cyber security products and services industry in the country,” Nasscom said. “India being a primary hub for growing smartphone penetration and digitisation, it is imperative to build a robust cyber security products and services industry in the country,” added the trade association of Indian Information Technology and Business Process Outsourcing industry.
“Cyber Security Clusters, a recommendation of our report, can be a key enabler for growing the ecosystem rapidly,” said Rama Vedashree, CEO, DSCI. Last year, Nasscom and DSCI launched the Cyber Security Task Force (CSTF) initiative that aims to create one million cyber security jobs and 1,000 cyber security startups by 2025.