Growth rate of expenditure on cybersecurity India 2019-2023, by sector

Published by
Tanushree Basuroy,
Oct 30, 2024

Between 2019 and 2023, the information technology and information technology enabled services in India had the highest growth rate in terms of expenditures towards cybersecurity. The banking, financial services and insurance sector followed with a 35 percent CAGR of cybersecurity expenses in the same time period.

Compound annual growth rate of cybersecurity expenditures in India between 2019 and 2023, by sector

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Release date

December 2023

Region

India

Survey time period

2019 to 2023

Supplementary notes

* Other sectors, including manufacturing, power, and oil and gas.

PSU stands for public sector undertakings.

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