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The Demand for Cloud-based Sandboxing Drives the Overall Market Growth
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India is continuing on its journey of digital transformation with the rapid adoption of cloud, eGovernance initiatives and digital wallets. With increased use of digital platforms, enterprises are prone to higher incidents of cyber related risks. Indian businesses are increasingly adopting cybersecurity measures to curb these threats; however, a lot needs to be achieved before they can reduce their threat potential. 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. In terms of the verticals that will record high growth, BFSI, 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.In addition to market growth analysis, the study highlights the key driving forces of the network-based advanced malware market. Higher frequency and sophistication of advanced malware attacks, the increasing need for proactive defense solutions, and the strong requirement for critical infrastructure protection are the key drivers. Market trends are analyzed for the study period 2016 to 2022, with 2017 being the base year. Network-based advanced malware solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and insurance (BFSI), service provider, manufacturing, education, and other sectors including pharmaceuticals, retail, logistics, oil and gas, energy, mining, agriculture, IT/ITES, eGaming, eCommerce, and BPOs.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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