BackECONOMY
India's cybersecurity market projected to reach $15.06 billion by 2031 as companies invest to fend off cyber attacks
The report says rapid digitisation and rising cyber risk are driving growth in India's cybersecurity sector. It projects the market to grow from $6.56 billion in 2026 to $15.06 billion by 2031 at a CAGR of 18%, with over 400 cybersecurity product companies in the country.
Why It Matters
This signals India becoming a global hub for cyber innovation and resilience, with implications for enterprise strategy and national security.
Timeline
1 Event
Forecast: India’s cybersecurity market to reach $15.06 billion by 2031 from $6.56 billion in 2026
April 24, 2026
The article reports that India's cybersecurity economy is in a high-velocity growth phase driven by relentless digitisation, rising cyber risk exposure, and accelerated enterprise investments in advanced defence solutions. It states the market is projected to grow from $6.56 billion in 2026 to $15.06 billion by 2031, at a compound annual growth rate of 18%, and that there are over 400 cybersecurity product companies in India, signaling the country as a global hub for cyber innovation and resilience.