India Antivirus and Antimalware Market is Expected to Grow at a CAGR of 7.9% : Ken Research

India witnessed a low budget allocation towards cyber security at the beginning of this decade. The budgetary allocation towards cyber security (including CERT-In) was INR 42.2 billion for FY’2013, a miniscule jump of 19% from INR 35.45 billion in FY’2011. It has been observed that the number of cyber security incidents reported in 2011 was 13,301, which was even 10 times lower than the actual number. Non-adherence to basic cyber security policy and the guidelines stood as the main reason for cyber assaults in 2011 and 2012.

In FY’2013, there was rapid growth in the frequency of cyber attacks resulting in equal damage of both government and private assets. There was a massive 136% rise in cyber attacks against Indian government organizations and a 126% growth as far as BFSI domain was concerned.

Botnets is a collection of software that creates a host of infected computer that are operated by the attacker. When the botnet occurs in a system, the user generally remains unaware of the infection been caused to his system.

Hacking involves an attacker illegitimately to access a computer. The hacker looks for pre-existing bugs in the settings of the computer and exploits it to steal user information. Sometimes it installs a Trojan horse on the system which acts as a backdoor for attackers to search the user’s system.

Phishing involves creation of fake emails, fraudulent SMSs or websites that looks completely authentic. Spam is the mass distribution of false messages, advertising and vulgar contents through social networking platforms, blogs or other websites. Spywares often come as free downloads and sometimes gets automatically installed in the system and thereon infects the computer with viruses.

India cyber security market can be segregated on the basis of different security types such as network security, endpoint security, application security, content security, wireless security and cloud security.

Major players like Symantec, Web sense and McAfee are expected to bundle many sophisticated features like content monitoring and extrusion prevention, alongside their DLP solutions. This will make them more acceptable to the businesses and hence push the market.

Antivirus products with their ready availability and embedded solutions for majority of the common user problems and low price tags have dominated the Indian market in FY’2015. Antivirus is given the prime importance while buying security products in enterprises as well as in residential sector.

For more information on the market research report please refer to the below mentioned link:

Ken Research
Ankur Gupta, Head Marketing & Communications

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