global spending touching USD 200 billion this year, Prayank Swaroop, partner at global VC fund Accel, said on Thursday. Cybersecurity startups in the country are poised to see a steady growth on the back of higher spending in the domestic market, he said at the Accel Cybersecurity Summit 2024 in Bengaluru.
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Highlighting the potential of the country's cybersecurity market, Swaroop said Indian cybersecurity startups are poised to make a global impact, and continue their growth momentum amid a sharp rise in spending for cybersecurity globally.
The Accel Cybersecurity Summit 2024, India's largest cybersecurity summit, saw participation from across the world. The gathering included prominent founders, global cybersecurity experts and CISOs (chief information security officer) of major enterprises.
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«Our mission with this summit is to elevate the ecosystem of cybersecurity founders and operators by bringing together some of the best minds in the domain,» said Swaroop.
Data available with IDC, Gartner, and other leading research firms suggest that global spending in