Market
Highlights
The
global BFSI
security market is growing with CAGR of 10.24% and expected to reach market
size of USD 108.36 billion by the end of forecasted period.
BFSI
security entails various measures used for protecting assets of companies in
the BFSI sector. High profile data breaches and frequent cyber-attacks are
likely to create a demand among financial institutions and government banks.
The global BFSI security market report by Market Research Future (MRFR)
contains drivers, challenges, and other pertinent factors for the period of
2020 to 2030 (forecast period).
Online
banking platforms are an effective way to process banking transactions
remotely. Web-based applications act as a medium for such transactions but also
increase the risk of exposing user's data to hackers. Owing to this factor, the
demand for BFSI security is expected to rise exponentially. Various banking and
financial institutions are now using the cloud services, and in doing so,
putting themselves at risk of being exposed. The risk of data theft has made
the installation of BFSI security imperative. Protecting information from the
hackers is now the most significant concern and is the chief driving force
behind implementation of BFSI security.
Get
a Sample @ https://www.marketresearchfuture.com/sample_request/1810
Segmentation:
The Global BFSI Security market has been segmented on the basis of
type and verticals.
By
type, it is divided into physical security and virtual security. The former comprises video surveillance,
intrusion, and others. Whereas, virtual security deals with IDS/IPS,
encryption, firewall, and others. By vertical, it is segmented into banking,
insurance companies, and others.
Vertical-wise
segmentation of BFSI security includes banking, insurance companies, and
others. Insurance segment is expected to experience the fastest growth rate
owing to tremendous transformation in deregulation, globalization and terror
attacks.
Regional
Analysis
North America has been the target for the cyber-attacks since the
beginning and this is the main reason which makes North America a leader in the
BFSI Security Market.
Presence of global players in U.S. gives North America a competitive advantage.
Europe holds second position in the market closely followed by Asia Pacific
(APAC). Countries such as Japan, China, Singapore and UAE are fastest growing
and also becoming easy target for cyber-attacks, resulting more demand for the
security system. APAC has also emerged as fastest growing market for BFSI
security.
Competitive Outlook
Bosch
Security Systems, Axis Communications, McAfee, Inc., Hewlett Packard
Enterprise, Cisco Systems, Inc., Honeywell International, Inc., Booz Allen
Hamilton Inc., IBM Corporation, Symantec Corporation, and Dell EMC are key
players of the global BFSI security market.
Browse
Complete Report @ https://www.marketresearchfuture.com/reports/bfsi-security-market-1810
Top Trending Reports By MRFR:
App Analytics Market Report-Forecast till
2027
https://nivitechnews.wordpress.com/2022/04/07/app-analytics-market-share-technological-growth-map-over-time-to-understand-the-industry-growth-rate/
Augmented Reality and Virtual Reality
(ARVR) Market Research Report - Global Forecast till 2027
https://nivitechnews.wordpress.com/2022/04/07/augmented-reality-and-virtual-reality-market-analysis-shares-strategies-and-forecasts-analysis/
GPS Tracker Market Research Report - Global
Forecast to 2027
https://nivitechnews.wordpress.com/2022/04/07/gps-tracker-market-trends-set-to-record-exponential-growth-by-2027/
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel
the complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market
Research Future (Part of Wantstats Research and Media Private Limited)
99
Hudson Street, 5Th Floor
New
York, NY 10013
United
States of America
+1 628
258 0071 (US)
+44
2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website:
https://www.marketresearchfuture.com
Comments
Post a Comment