Indian cybersecurity startups poised for strong growth amid rising global spend, says Accel

India’s cybersecurity market has posted a compounded annual growth rate of 25 per cent since 2019, crossing the USD 6 billion mark in 2023, and is projected to expand further with global spending touching USD 200 billion this year, Prayank Swaroop, partner at global VC fund Accel, said on Thursday.