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Gartner Forecasts Security and Risk Management Spending in India to Grow 12% in 2024

  GenAI-Driven Attacks Require Changes to Application and Data Security Practices and User Monitoring End-user spending on security and risk management (SRM) in India is forecast to total $2.9 billion in 2024, an increase of 12.4% from 2023, according to a new forecast from Gartner, Inc. Indian organizations will continue to increase their security spending through 2024 due to legacy IT modernization using cloud technology, industry demand for digital platforms, updated regulatory environment, and continuous remote/hybrid work. “In 2024, chief information and security officers (CISOs) in India will prioritize their spending on SRM to improve organizational resilience and compliance,” said  Shailendra Upadhyay , Sr Principal at Gartner. “With the introduction of stringent government measures mandating security breach reporting and digital  data protection , CISOs are facing heightened responsibility in safeguarding critical assets against evolving cyber threats.” Gartner a...
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Nordics and Asian Tigers Lead


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Published on Tuesday, 10 April 2012 06:22


Sweden and Singapore continue to top the rankings of World Economic Forum's Global Information Technology Report 2010-2011. The report confirms the leadership of the Nordic countries and the Asian Tiger economies in adopting and implementing ICT advances for increased growth and development.



Finland jumped to third place, while Switzerland and the United States are steady in fourth and fifth place respectively. The Nordic countries lead the way in leveraging ICT. With Denmark in 7th and Norway in 9th place, all are in the top 10, except for Iceland, which is ranked in 16th position. Led by Singapore in second place, the other Asian Tiger economies continue to make progress in the ranking.



“ICT, and the Internet in particular, have changed the world dramatically and all indications point to an even higher rate of transformation of our lives going forward,” said Soumitra Dutta, Roland Berger Professor of Business and Technology at INSEAD.Innovation and ICT have proven a crucial lever for long-term growth, with social and economic benefits and the capacity to improve people’s life.



“Countries fully integrating new technologies and leveraging the new data revolution in their development strategies are laying the foundations for competitive and resilient economies,” said Alan Marcus, Head of Information Technology and Telecommunications, World Economic Forum.

 ------Global Information Technology Report

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