The Indian NAMA market experienced a robust YoY growth of 86.2% in 2016, achieving revenue of $20.3 million. The overall NAMA market is expected to grow at a CAGR of 40.2%, driven by the strong growth of cloud-based NAMA solutions in the next five years.
The ongoing digital transformation in India that fosters the rapid adoption of cloud, along with the introduction of digital wallets and e-governance initiatives, places the country at a high risk of being exposed to cyber attacks. Several security vendors have uncovered evidence for the same, with individuals, government organizations, and the banking industry, being targeted by cyber-espionage group to launch advanced malware attack.
Research Scope
Market trends are analyzed for the study period 2015 to 2021, with the base year being 2016. NAMA solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and insurance (BFSI), service provider, manufacturing, education, and other sectors including pharmaceuticals, retail, logistics, oil & gas, energy, mining, agriculture, IT/ITES, e-Gaming, e-Commerce, and BPOs) Companies mentioned in the Indian NAMA market's competitive landscape include FireEye, Trend Micro, Zscaler, Cisco, Palo Alto Networks, Check Point Software Tech, Proofpoint, McAfee, Symantec, SonicWall, ForcePoint, Fortinet, and other small vendors.
Research Highlights
In addition to market growth analysis, the study highlights the key factors driving the NAMA market. Key drivers are as follows: the constant evolution of APT, targeted, and advanced malware attacks drive the need for advanced malware analysis solutions to gain greater visibility into threats; the increasing need for proactive defense solutions drives organizations to invest in holistic security strategies to build up cyber resilient systems; concerns over financial and reputation losses and liabilities continue to drive the adoption of advanced malware analysis solutions; growing concerns over threats to key infrastructure and strong requirements for cyber resiliency are driving government organizations, utilities, and service providers to invest in NAMA solutions.
Key Issues Addressed
Is the NAMA solution market growing? How long will it continue to grow, and at what rate?
Are the existing competitors structured correctly to meet customer needs?
Who are the major solution vendors in different regions and what is their market share?
What will be the market trends in terms of NAMA solution adoption?
What are the vertical and horizontal market trends?
What are the growth opportunities and call to action for the supply chain?
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Check Point Software Technologies
- Cisco
- FireEye
- Forcepoint
- Microsoft
- Palo Alto Networks-Market Share Analysis by Country
- Trend Micro
- Zscaler