The Indian SCM market experienced a moderate YoY growth rate of 2.4%. The slow growth could be attributed to the Indian enterprises preferring to use more integrated SCM solutions with features, such as ATP detection and sandboxing techniques, rather than stand-alone SCM products. In addition, enterprises are shifting their preference from on-premise solutions to cloud-based security solutions because of the large investments and in-house expertise required in the case of on-premise solutions. This is specifically seen in the case of SMBs that prefer cloud-based solutions. The banking sector recorded the highest spending on SCM solutions. This was mainly driven by the increase in digitization of banking services in the country. The higher the number of digital banking channels, the higher the threat of attacks from malware, ransomware, and phishing frauds. The Indian Government is formulating a cyber strategy for mobile banking using smart phones, to ensure safer banking. Indian vendors are also considering ‘Privacy by Design’ to ensure their products and data can remain secure. All of these initiatives will continue to drive the growth of SCM solutions and will be significant in achieving strong digital platforms.
In addition to market growth analysis, the study highlights the key driving forces of the SCM market. Some key drivers include the increasing risks associated with email and Web gateways which are driving the need for SCM solutions. Besides, industry and local compliance continues to drive the investment in SCM for data protection and content management. Moreover, the increase in the adoption of mobility in workplace requires organizations to tighten control over online content to enhance productivity and to prevent threats.
Market trends are analyzed for the study period 2016 to 2022, with 2017 as the base year. SCM solutions are the key focus area of this study. The vertical segmentation in this study includes the government, banking, financial services and insurance (BFSI), service providers, manufacturing, education, and other sectors.
Companies mentioned in the SCM market's competitive landscape include Forcepoint, Symantec, Cisco (IronPort), Cisco (Ironport), Trend Micro, SonicWall, RUAG Defence (Clearswift), Barracuda, F-Secure, McAfee and other small vendors. The study covers India.
Key Issues Addressed
- Is the SCM market growing? How long will it continue to grow, and at what rate?
- What are the key trends of the SCM market in 2017 and in the future?
- What are the key drivers and restraints of the market?
- What is the competitive landscape across India?
- What is the market growth forecast from 2017 to 2022?
1. Market Overview
- Market Definitions
- Research Objectives
- Geographical Coverage
- Key Questions this Study will Answer
- Market Segmentation
2. Forecast and Trends
- Forecast Assumptions
- Key Findings
- Market Engineering Measurements
- Revenue Forecast
- Percent Revenue Forecast by Segment
- Revenue Forecast by Segment
- Revenue Forecast Discussion
- Market Share Analysis
- Competitive Environment
3. Growth Opportunities and Call to Action
- Major Growth Opportunities
- Growth Opportunity 1—Vendor Discussions Which Must Move from Simply Meeting Compliance Requirements
- Growth Opportunity 2—Growing Cloud Adoption
- Growth Opportunity 3—An Integrated Security Platform
- Growth Opportunity 4—Incorporating Advanced Security Technology
- Strategic Imperatives for Success and Growth
4. The Last Word
- 3 Big Predictions
- Legal Disclaimer
- Market Engineering Methodology
- List of Exhibits