Security vendor revenue (hardware, software and services) in India will grow from US$882 million in 2013 to US$953 million this year, according to Gartner.

Security spending will continue to grow to reach $1.06 billion next year. Security services (including consulting, implementation, support, and managed security services) revenue accounted for more than 55 percent of this total revenue in 2013 and this trend will continue into the foreseeable future.

“Enterprises in India that traditionally did not focus on, or invest in, a lot of security technologies are now beginning to realize the implications that a weak security and risk posture can have on their business,” said Sid Deshpande, Principal Research Analyst ofGartner.