Security market in India is expected to touch USD 1.06 billion by 2015 as an increasing number of enterprises invest in these solutions to protect their business especially in the digital world, research firm Gartner has predicted. According to Gartner, security vendor revenue (hardware, software and services) in India will grow from USD 882 million in 2013 to USD 953 million in 2014. This is forecast to reach USD 1.06 billion in 2015, it added.
Of the total market, security services (consulting, implementation, support and managed security services) accounted for more than 55 per cent and this trend is expected to continue into the foreseeable future. Verticals like banking and financial services, that have had a strong focus on security, are now preparing themselves for IT digitalisation.