Three Indian Organisations Control the Cyber Security Arena in the Cyberwar
Experts predict that the year 2022 will be the year of ransomware attacks, with businesses, small and medium-sized businesses (SMBs), and individuals worldwide being targeted every 11 seconds. And the global monetary loss because of these cyber-attacks is estimated to be USD 20 billion. Furthermore, this pattern is projected to persist well until 2022. It's not a pleasant concept, and it will keep you up at night.
It is a mistake to think that this is solely a Western phenomenon. There are living proofs that things are happening close to home. Over the previous 18 months, India's number of cyber threats has significantly increased. As early as February 2021, the number of attacks had surpassed 9 million, and it's nearly double the 4.5 million attacks in July 2020, when Indian workers began working from home in large numbers. The situation is frightening and immediately needs to be handled, and make sure that people can defend themselves. In the wake of a series of high-profile cyber-assaults in 2021, India's government has made substantial efforts to create a legal framework for cyber security policies. Aside from having solid regulations in place with a high level of data governance to deal with breaches, the attacks must be supported by severe legal punishments for those who commit the crimes.
The increased quantity of cyber-attacks has created various new entry points. This, according to experts, will help to boost India's cybersecurity business, which is expected to reach USD 3.6 billion by 2025. During the pandemic, India's cyber security industry grew at a 21% compound annual growth rate (CAGR), with revenues from cyber security products and services reaching USD 9.9 billion in 2021. The start-up community quickly noticed the trend, bringing in an additional USD 1.4 billion in revenue.
This strong growth momentum was fueled by an increase in regulatory attention to data and privacy and rapid digitalisation. The industry is maturing, with double-digit growth rates. It may be the ideal time for investors to consider diversifying their portfolios by purchasing cyber security stocks in India. Without a doubt, there is a degree of risk involved. But if companies are willing to perform some heavy work in an industry that's on the rise, they can look at these three Indian cyber security companies that are now dominating the market.
The company boasts a clientele distributed across retail, enterprise, SMB, and governments. Its variety of products on data encryption and data loss prevention, endpoint security, network security, enterprise mobility management, and server protection. Undoubtedly, the epidemic sparked an increase in cyberattacks, which placed many businesses and organisations in danger. In 2021, Quick Heal worked quickly to capitalise on this trend, releasing the Seqrite Hawkk, a cutting-edge suite of next-generation cybersecurity solutions for businesses.
Quick Heal is well-positioned to capitalize on its strengths and seize prospects with an expanding product portfolio. The company's robust and experienced management team and a debt-free balance sheet will help it boost revenues and earnings even more. The company is in a fantastic position to feature as one of the best cyber security companies today, with a promoter holding of 72.8 percent and a PAT of 43.8 percent.