IBM bets on mid-market for cyber security growth in India2 min read . Updated: 19 Feb 2020, 06:16 PM IST
- The demand is driven by BFSI, manufacturing, and pharmaceutical sectors
- Cyber security is one of the fastest growing areas for IBM
Bengaluru: Global technology major IBM Corp. is bullish on cyber security in India with strong growth in the mid-market segment that includes medium-sized organisations which have been traditionally slower than large enterprises to invest in technology but are fast picking up.
“The demand is driven by sectors such as BFSI (banking, financial services & insurance), industrial & distribution (including manufacturing, pharmaceutical, healthcare and retail), and government (including public sector undertakings, defence, power grids)," Vaidyanathan Iyer, Security Software Leader, IBM India & South Asia said in an interview. “We have solutions identified for each of these sectors."
Cyber security is one of the fastest growing areas for IBM within its Cloud and Cognitive business which grew 8.7% to $7.2 billion for the quarter ended December. “IBM Security alone is a $3 billion+ business globally and consists of about 8,000 subject matter experts," Iyer said.
In India, IBM’s security business witnessed double digit growth last year with the mid-market segment growing three-fold, said Iyer. “The growth is driven by the organisations’ willingness to meet global standards by setting up security operations centres or SOCs and addressing concerns on data privacy and mobile security."
IBM’s security growth in India is also being driven by organisations moving to a multi-cloud environment where the data resides in multiple locations. Research firm IDC predicts that half of the enterprises in India will be operating in a hybrid multi-cloud environment by 2021.
To address this, last year IBM launched Cloud Pak for Security, a new platform for tackling cyber security threats across multi cloud and hybrid environments. According to IBM, this is “the first platform to leverage new open source technology pioneered by IBM, which can search and translate security data from a variety of sources, bringing together critical security insights."
To meet the increasing demand for cyber security in India, IBM is also skilling students in India so that the graduates are ready to join the industry. To enable this, IBM has collaborated with various Indian Institutes of Technology (IITs) and technical universities such as Chandigarh University, DIT University in Dehradun, Reva University in Bengaluru, and Ganpat University in Ahmedabad.
This year, IBM will also launch a dedicated training programme on cognitive security as most of its security solutions are built-in with cognitive capabilities through its Watson analytics engine. “Security and analytics are intertwined. Watson is available on top of our solutions and it keeps learning…Our security intelligence solution QRadar can automatically identify and analyse threats, reducing the impact of incidents," Iyer said.