India Development News & Foreign Investment Opportunities

Indian businesses need to do a lot about cyber threat

Govt promotes cloud adoption


Govt promotes cloud adoption


A lot needs to be achieved before Indian businesses can reduce the cyber threat potential, according to a report by ResearchAndMarkets.

Nevertheless, the Indian businesses are increasingly adopting cybersecurity measures to curb these threats, noted the report “Indian Network-based Advanced Malware Analysis (NAMA) Solutions Market, Forecast to 2022”. It was released 16 May 2019.

Cloud-based NAMA segment experienced a strong growth momentum and it is expected to be driven by the rapid digital transformation that leads to a disruption of the existing business landscape in the country.

Government initiatives to promote cloud adoption under the Digital India Programme will continue to spur a wide adoption of cloud-based solutions, said the report.

In terms of the verticals that will record high growth, Banking, Financial Services and Insurance, service provider and the government sectors will drive the NAMA market over the next five years, while the future growth opportunities could be from the IT/ITES and eCommerce verticals.

Companies mentioned in the India NAMA market competitive landscape include FireEye, Trend Micro, Zscaler, Cisco, Palo Alto Networks, Check Point Software Tech, Forcepoint, Fortinet, McAfee, Symantec and other vendors.

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