Software services exporter Infosys is looking to win deals from insurance companies to assess the cyber infrastructure of potential clients before they firm up contracts.
While analysts say the market for cyber security services in insurance is growing, Indian service providers are facing competition from global players in this space. “It is unclear that there is a large cyber security TAM (total addressable market) for Indian service providers. It does, however, provide them with a nose under the tent if they can utilise it to engage clients and their cyber security organisations as aresult of the need for this insurance. But I feel this is a clever trick shot, not a fundamental component of a successful cyber security channel to market,” said Peter Bendor-Samuel, CEO of research and consulting firm Everest Group.
