The demand is driven by BFSI, manufacturing, and pharmaceutical sectors
Cyber security is one of the fastest growing areas for IBM
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.
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“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.
Source: livemint
