Cloud-native technologies, AI, and IoT are expected to push India’s digital economy to make up 20% of the economy by 2026. Even so, the increased growth leads to more cyber threats – 13.7% of all global cyberattacks happen against Indian businesses, and the average business has to fend off around 702 cyberattacks each minute. Because of these risks, companies are now required to follow Application Security Compliance, and the Indian application security market is set to grow at a compounded annual growth rate (CAGR) of 13.9% to reach $2.74 billion by 2029.