AI and Cloud Tech dominate Indian organisations with 97% adoption: DSCI Report

A recent report from the Data Security Council of India (DSCI) revealed that approximately 97 per cent of the organisations have invested in Artificial Intelligence/Machine Learning (AI/ML) technologies. The study, titled ‘India Cybersecurity Domestic Market,’ also highlighted that around 84 per cent of surveyed organisations have invested in cloud technology. Vinayak Godse, CEO of DSCI, emphasised the increasing trend of organisations strategically investing in emerging technologies, with AI/ML and cloud emerging as primary focuses.

The report disclosed that the cybersecurity market in the country reached $6 billion in 2023, growing at a compound annual growth rate (CAGR) of over 30 per cent during 2019-23. The cybersecurity products segment witnessed substantial growth, surging from $1 billion in 2019 to $3.7 billion in 2023. The survey estimated that India’s cybersecurity market could account for 5% of the global market by 2028.

S Krishnan, Secretary, Ministry of Electronics & Information Technology, highlighted the country’s role as a global cybersecurity hub, with the industry supporting the government and critical sectors. The report also emphasised the increasing use of emails as a primary tool for cyber threats, with phishing recognized as a significant threat by 84 per cent of organisations.

Despite the rapid growth, the report underscored concerns about a cybersecurity talent shortage. Approximately 75 per cent of surveyed organisations expressed worry about the shortage of skilled professionals, with another DSCI study revealing that cybersecurity professionals make up less than 5 per cent of the total workforce according to 47 per cent of participants.

The BFSI and IT/ITeS sectors emerged as leading spenders on cybersecurity in India, according to the sectoral analysis in the report.