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Security and Risk Management Spending
The increase in adoption of digitalization, cloud applications and the rise in remote workers exposes Indian organizations to greater security risks. In addition, growing concerns on the rising number of ransomware attacks coupled with stringent government measures on digital data protection and security breach reporting are pressing chief information security officers (CISOs) to increase their security and risk management spending for 2023.
End-user spending on security and risk management in India is forecast to total $2.65 billion in 2023, an increase of 8.3% from 2022, as per Gartner. Security Services to remain a Key Spending Priority for Indian CISOs in 2023.
Like 2022, security services will remain the segment that will achieve the highest levels of end-user spending in India in 2023. Security services spending is expected to represent 40% of overall end-user spending on security and risk management products and services in 2023.
Secondly, many organizations in India lack in-house security capabilities, and as result, they engage security consulting and IT outsourcing companies to meet their requirements.
In 2023, spending on infrastructure protection will surpass spending on network security equipment because of an increase in the remote workforce and in cloud applications adoption. Both are shifting focus from network security to endpoint security, which is a sub-segment of the infrastructure protection segment, forecast to grow 13.5% in 2023.
In addition, cloud security end-user spending in India is forecast to experience the highest growth rate among all the other segments in 2023. The segment is projected to grow 25.8% in 2023 as Indian organizations increasingly switch to cloud workloads and applications.
Going forward, as organizations in India continue to do business online and are exposed to more attacks on their internet-connected applications, CISOs must focus their spending on aBy VARINDIA | 17 views
Mounting risks with the use of lithium-ion-batteries
India does not have enough lithium reserves for manufacturing lithium-ion batteries and almost all electric vehicles in the country run on batteries imported mostly from China. “Lithium content in a cell is less than 4 percent (including electrolytes). So major portion of the cells for localisation. Usage of lithium-ion batteries in electric vehicles in the country are imported mostly from China. There have been at least four incidents of two-wheeler vehicles, powered by lithium-ion batteries bursting into flames. The question is what are Li-ion batteries, and how do they work? What caused these vehicles to catch fire? 90% of the world’s manufacturing of Advanced Chemistry Cell (ACC) is done in China. India doesn’t have a manufacturing facility for lithium-ion batteries and, as a result, all manufacturers import cells and battery packs. Indian original equipment manufacturers need government support for making lithium cells for the long term. Securing lithium supply could help in making batteries at a globally competitive price, with the potential to reduce the price of EVs. India is already the number one manufacturer and market for two and three wheelers in the world and, hence, this presents the opportunity to lead in the EV segment too. India has become one of the largest markets for electric vehicles. But it has not developed core manufacturing capability and has been a peripheral assembler where over 50% of the critical components have to be imported into the country for production. Replacing Chinese products is easier said than done, however, in the coming days, the import burden and technology dependence is going to ease in the coming days. The path breaking innovation by IIT-Delhi along with Indian technocrats for bringing Aluminium ion batteries could replace the Lithium batteries in the coming days.
India is among the few countries that support the global EV30@30 campaign, which targets at least 30 percent new vehicle sales to be electric by 203By VARINDIA | 57 views
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Karan Johar and Manish Malhotra with Usha Kakade at the launch of her Production house
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Karan Johar and Manish Malhotra with Usha Kakade at the launch of her Production houseBy BOLLYWOOD FLASH | 127 views
देशभर में मनाया जा रहा गंगा दशहरा, Haridwar में श्रद्धालुओं की भारी भीड़ | Ganga Dussehra | Janta TV
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भारत में EVM एक ब्लैक बॉक्स-राहुल गांधी,किसी को इसकी जांच की इजाजत नहीं-राहुल | JAN TV
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Robotic Process Automation is transforming businesses across the world
Robotic Process Automation enables users to create software robots, or #Bots, that can observe, mimic & execute repetitive, time consuming #Digital #business processes by studying human actions.
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Robotic Process Automation is transforming businesses across the worldBy CII | 208041 views
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सीएम योगी Gorakhpur पहुंचे, चिड़ियाघर के बाड़े में छोड़े दो बब्बर शेरBy LNV India | 58 views
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Actress Zeba Khan Interview For New Song Kar Gayi Assar
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