India’s cybersecurity market set to double to $15.06 billion by 2031

Mumbai: India’s cybersecurity market is projected to more than double to $15.06 billion by 2031 from $6.56 billion in 2026, growing at a CAGR of 18%, industry officials said.

The surge is driven by relentless digitisation, rising cyber risk exposure, and accelerated enterprise investments in advanced defence solutions to fend off sophisticated cyber attacks.

With over 400 cybersecurity product companies, India is emerging as a global hub for cyber innovation and resilience, officials added.

The high-velocity growth phase reflects increasing demand from companies across sectors to strengthen digital infrastructure as threats become more complex.