The Antivirus Market in India is being driven by Increase in use of mobile devices
The Antivirus Market in India is expected to grow at a CAGR of 9.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 124.1 million. In today's business landscape, cloud-based antivirus software solutions have gained significant traction due to their ability to secure data in various applications such as authentication systems, video management systems, and biometric information storage. With an increasing number of banks and hospitals storing large volumes of confidential data in the cloud, it is crucial to ensure the security of this information from unauthorized access. Small and Medium Enterprises (SMEs) are particularly adopting cloud-based services due to their cost-effectiveness and lack of requirement for infrastructure support. The flexibility and scalability of cloud-based security solutions cater to the varying needs of consumers, making them an attractive option for businesses. Furthermore, with the rise in remote work, organizations have implemented cloud-based services for critical business functions like CRM, payroll, and enterprise communication, enabling secure access to data from anywhere.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.6% |
Market growth 2025-2029 |
USD 124.1 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
8.5 |
Key countries |
India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Antivirus Market in India offers solutions with regular virus signature updates, ensuring real-time protection against threats. Key performance indicators include high threat detection rates and low false positive rates, minimal system performance impact, small memory footprint, and reasonable CPU usage. Other considerations include disk space usage, network bandwidth consumption, user experience, easy installation process, flexible configuration options, frequent updates, responsive customer support, comprehensive technical documentation, and robust integration capabilities. API and third-party documentation, multi-platform support, license management, pricing tiers, deployment models (on-premises, cloud-based, hybrid), and managed services are additional essential features.
The Antivirus market in India is a significant segment of the global IT software industry, focusing on malware detection and protection. Companies in this market employ advanced technologies such as malware detection engines, signature-based detection, heuristic analysis techniques, and behavioral analysis systems to safeguard against various cyber threats. These solutions are essential for businesses and consumers alike, as the global IT software market encompasses application software development and production, excluding interactive home entertainment and systems software. According to Technavio, the IT software market size is determined by the consolidated revenue of all IT software providers, including cloud-based solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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