Russia's Kaspersky expects 20% growth in India business in 2018

A file photo of the headquarters of Russian cyber security company Kaspersky Labs in Moscow | Photo: Reuters

Russian cyber security firm Kaspersky said it expects to register around 20 per cent growth in India on account of increase in focus on enterprise segment.

"We are looking double digit growth in India business ...close to 20 per cent. We have seen over 100 per cent growth in sales from Kaspersky website. Now we are looking to open new market opportunity through e-commerce.

"Today we have asked our traditional retail partner to open up digital platforms to boost sales," Kaspersky Asia Pacific MD Stephan Neumeier said without disclosing actual financial details.

The company has total user base of 400 million globally.

He is on India visit to start new office of Kaspersky.

The company claims to have been getting over 70 per cent of business from consumer cyber security products, but is now looking to focus on solutions for business organisations.

Neumeier said that the company is now looking to engage with Indian government on cyber security but declined to divulge any further details because of non- disclosure clause.

"We are now looking to enhance share of business-to-business in our total business that we do here. This year, I expect 60 per cent business to come from retail consumer segment and share of revenue from enterprise segment will go up from less than 30 per cent to around 40 per cent," Neumeier said.

The company is planning to station a member of its Global Research and Analysis team, which detects cyber attack and related crime, in India to coordinate with the government.

"In enterprise segment, 60 per cent of business will come from small and medium business and 40 per cent from large enterprise. We will now start focussing on business with Indian government. I expect government vertical to contribute 10 per cent in enterprise segment this year," Neumeier said.

He said that company has roped in almost a complete new team to focus on south Asia business from India.


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