India's cybersecurity market to hit $3bn by 2022: Report

 The cybersecurity market in India is expected to grow from $1.97 billion in 2019 to $3.05 billion by 2022, at a compound annual growth rate of 15.6 per cent -- almost one and a half times the global rate, said a PwC India and Data Security Council of India (DSCI) report on Wednesday. While the banking, financial services and insurance (BFSI) sector has the largest share in cyber security expenditure, demand in the government sector is expected to reach $581 million by 2022, at a growth rate of 13.8 per cent CAGR, according to the "Cyber Security India Market" report.

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