Value of expenditure towards cyber security India 2019-2022 by sector

India's banking, financial services and insurance sector had the highest expenditure on cyber security, amounting to over 500 million U.S. dollars in 2019. This was estimated to go up to over 800 million dollars by 2022. The information technology and services sector came second with cyber security expenses worth over 430 million dollars in 2019.
Over 1.9 billion dollars were collectively spent on cyber security by various business sectors across India in 2019. It was estimated that these expenses would reach over three billion dollars by 2022.

Value of expenditure towards cyber security in India in 2019 and 2022, by sector

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Sources

Release date

December 2019

Region

India

Survey time period

2019

Supplementary notes

*Forecast

Note: One Indian rupee is equal to 0.013 U.S. dollars and 0.014 euros (as of February 2020).

BFSI denotes banking, financial services and insurance sector.
IT/ITeS denotes Information technology and Information technology enabled services.

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