Report: India's investment in information security will reach 1.5 billion dollars

According to research firm Gartner on Tuesday, India's investment in information security and information security services will reach $ 1.5 billion by the end of the year, up 12% from last year.

The strong growth is due to the widespread lack of skills and the proliferation of new security initiatives involving several large organizations in the country.

Many Indian companies still do not have enough experience to develop and develop their security programs, which means they need a wide range of security services to help build their security operations and technologies, the report said.

Siddharth Deshband, chief research analyst at Gartner, said:
A high level of awareness among executives and board members about the impact of business on security incidents and the evolving regulatory landscape leads to continued spending on security products and services.

With spending expected to grow to $ 1.7 billion in 2018, security services will continue to be the fastest growing sector, particularly in IT outsourcing, consulting and implementation services.