In 2023, the cybersecurity industry is projected to generate revenue of US$2.37 billion. As technology continues to advance, the risk of data breaches is also on the rise, leading to an increase in cyber attacks.
According to a Statista report, the Security Services category is expected to be the largest market segment, with a volume of US$1.19 billion in 2023. The COVID-19 pandemic has accelerated the adoption of internet methods by consumers, businesses, and industries. Businesses are turning to digital methods to stay competitive, which has led to an increase in cyber risks.
As a result, there has been a surge in cyberattacks and a corresponding rise in demand for cybersecurity solutions. These startups, using AI and ML, not only predict cyberattacks before they happen but also provide complete visibility, advanced detection, response, and scalability to their customers through software tools, standalone solutions, managed services, vulnerability analysis, consulting, outsourced technology support, and more.
We have compiled a list of four “Make-in-India Startups” that are leading the cybersecurity market:
WiJungle: WiJungle is a revolutionary, unified network security platform that allows businesses to manage and secure their entire network through a single interface. It offers comprehensive solutions for capabilities such as Network Firewall, Web Application Firewall, Hotspot Gateway, DLP, Vulnerability Assessment, and more.
WiJungle eliminates the need for multiple standalone security products and reduces an organization’s capital investment by up to 60%, as well as simplifies day-to-day management and scalability challenges. It is the first all-in-one appliance that eliminates the need for separate security products such as Network Firewall, Guest Management Solutions, Web Application Firewall, Routers, and Proxy Servers.
Kratikal: In 2013, Pavan Kushwaha, Paratosh Bansal, and Dip Jung Thapa, alumni of NIT-Allahabad, founded Kratikal, a Noida-based cyber security solutions provider.
The startup offers a range of tools including simulating cyberattacks, raising awareness of them, anti-phishing, fraud monitoring and takedown, email authentication, anti-spoofing, phishing incident response, risk detection, threat analysis and code risk review.
Seconize: Seconize is a cybersecurity startup based in Bangalore that provides AI/ML-enabled, automated security solutions for enterprises that are embracing digital transformation.
These solutions help enterprises proactively assess, identify, remediate and manage risks across all IT assets, in a cohesive, continuous and consistent manner, with real-time risk posture and zero human error. Their solutions also automate the analysis of gaps in regional and global regulatory and compliance requirements.
HaltDos: Noida-based HaltDos is an IT security company that provides AI-based network and application security solutions both on-premise and on-cloud. HaltDos claims to be the world’s first integrated WAF & DDoS mitigation solution that detects, mitigates and monitors network and application on a continuous basis to protect against DDoS & Web Application attacks.
They offer a comprehensive DDoS and WAF security solution with an on-premise DDoS mitigation appliance as well as DDoS protection over the cloud, providing enterprise-class layer 3 to layer 7 always-on DDoS mitigation that minimizes application downtime and latency.