Worldwide BFSI Security Industry to 2027 – Rise in Adoption of Internet in the BFSI Sector Presents Opportunities
Dublin, May 19, 2021 (GLOBE NEWSWIRE) — The “BFSI Security Market by Security Type, Enterprise Size, and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering.
BFSI security involves a set of technologies such as artificial intelligence, cloud computing, machine learning, and big data. In addition, the BFSI sector consists of a group of companies that are dealing in core financing products & services. Furthermore, BFSI security solution & services help to prevent unauthorized access by hackers, safeguard networks, and reduce risk of potential malware.
Rise in adoption of advance technologies such as cloud computing, application programming interfaces (APIs), data analytics, artificial intelligence, robotic process automation (RPA), chatbots, and machine learning, which improves quality of financial data across various regimes boosts the BFSI Security Market growth. In addition, surge in physical & cyber threats among the BFSI sector also propels the BFSI Security Market growth. However, concerns over consumer data privacy, risk of third-party security services, and huge cost of software implementation are some of the factors that hamper the market growth.
On the contrary, several regulatory bodies are promoting & investing in security solutions & services in the BFSI sector for their business processes to expand. In addition, rapid expansion of banks, insurance companies, financial institutions, and other financing firms across developing countries is expected to increase demand for implementation of security solutions. These factors, as a result anticipated to boost the BFSI Security Market share in the coming years.
The BFSI security market size is segmented on the basis of security type, enterprise size, end user, and region. On the basis of security type, the market is bifurcated into physical security and information security. In terms of physical security, the BFSI security market is further bifurcated into system and services. Based on information security, the BFSI security industry is further bifurcated into solution and services. On the basis of enterprise size, it is segmented into large enterprises and small & medium enterprises (SMEs). By end user, it is segmented into banks, insurance companies, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
BFSI Security Market Key Players
The report analyses profiles of key players operating in the BFSI security market, which include Booz Allen Hamilton Inc., Broadcom, Cisco Systems, Inc., Dell Inc., Honeywell International Inc., IBM Corporation, McAfee, LLC, Microsoft, Sophos Ltd, and Trend Micro Incorporated. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits
- The study provides in-depth analysis of the global BFSI security market along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global BFSI security market from 2020 to 2027 is provided to determine the market potential.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping BFSI security market
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Surge in adoption of digitalization in BFSI sector
3.3.1.2. Increasing physical & virtual threat in the BFSI sector
3.3.2. Restraints
3.3.2.1. Risk of third-party services
3.3.2.2. Huge cost for an implementation of technological securities in the BFSI sector
3.3.3. Opportunities
3.3.3.1. Rise in adoption of internet in the BFSI sector
3.4. COVID-19 impact analysis on BFSI security market
3.4.1. Impact on BFSI security market size
3.4.2. Change in consumer trends, preferences, and budget impact, owing to COVID-19
3.4.3. Framework for market challenges faced by BFSI security solution providers
3.4.4. Economic impact on BFSI security solution providers
3.4.5. Key player strategies to tackle negative impact on the industry
3.4.6. Opportunity analysis for BFSI security solution providers
CHAPTER 4: BFSI SECURITY MARKET, BY TYPE OF SECURITY
4.1. Overview
4.2. Physical Security
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Information Security
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
CHAPTER 5: BFSI PHYSICAL SECURITY MARKET, BY OFFERING
5.1. Overview
5.2. Systems
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. By System Type
5.2.2.1. Video Surveillance
5.2.2.2. Access Control
5.2.2.3. Intrusion & Fire Detection
5.2.2.4. Physical Security Information Management (PSIM)
5.2.3. Market size and forecast, by region
5.2.4. Market analysis, by country
5.3. Services
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. By Service Type
5.3.2.1. Implementation & integration service
5.3.2.2. Training & support service
5.3.2.3. Consulting service
5.3.3. Market size and forecast, by region
5.3.4. Market analysis, by country
CHAPTER 6: BFSI INFORMATION SECURITY MARKET, BY OFFERING
6.1. Overview
6.2. Solution
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. By Solution Type
6.2.2.1. Identity & Access Management Solutions
6.2.2.2. Antivirus/Antimalware Solutions
6.2.2.3. Encryption Solutions
6.2.2.4. Data Loss Prevention Solutions
6.2.2.5. Risk & Compliance Management
6.2.2.6. Intrusion Detection Systems/Intrusion Prevention Systems
6.2.2.7. Disaster Recovery Solutions
6.2.2.8. Distributed Denial of Service Solutions
6.2.2.9. Others
6.2.3. Market size and forecast, by region
6.2.4. Market analysis, by country
6.3. Services
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
CHAPTER 7: BFSI SECURITY MARKET, BY ENTERPRISE SIZE
7.1. Overview
7.2. Large enterprises
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country
7.3. Small & medium enterprises (SMEs)
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country
CHAPTER 8: BFSI SECURITY MARKET, BY END USER
8.1. Overview
8.2. Banks
8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast, by region
8.2.3. Market analysis, by country
8.3. Insurance Companies
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by region
8.3.3. Market analysis, by country
8.4. Others
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by region
8.4.3. Market analysis, by country
CHAPTER 9: BFSI SECURITY MARKET, BY REGION
9.1. Overview
9.2. North America
9.3. Europe
9.4. Asia-Pacific
9.5. LAMEA
CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. Introduction
10.1.1. Market player positioning, 2019
10.1.2. Top winning strategies
CHAPTER 11: COMPANY PROFILES
11.1. BOOZ ALLEN HAMILTON INC.
11.1.1. Company overview
11.1.2. Company snapshot
11.1.3. Product portfolio
11.1.4. Business Performance
11.1.5. Key Strategic Moves and Developments
11.2. BROADCOM
11.2.1. Company overview
11.2.2. Company snapshot
11.2.3. Operating business segments
11.2.4. Product portfolio
11.2.5. BUSINESS PERFORMANCE
11.2.6. Key strategic moves and developments
11.3. CISCO SYSTEMS, INC.
11.3.1. Company overview
11.3.2. Company snapshot
11.3.3. Product portfolio
11.3.4. Business performance
11.4. DELL INC.
11.4.1. Company overview
11.4.2. Company snapshot
11.4.3. Operating business segment
11.4.4. Product portfolio
11.4.5. Business performance
11.5. Honeywell International Inc.
11.5.1. COMPANY OVERVIEW
11.5.2. Company snapshot
11.5.3. Operating business segment
11.5.4. Product portfolio
11.5.5. Business performance
11.6. INTERNATIONAL BUSINESS MACHINES CORPORATION
11.6.1. Company overview
11.6.2. Company snapshot
11.6.3. Operating business segments
11.6.4. Product portfolio
11.6.5. Business performance
11.6.6. Key strategic moves and developments
11.7. MCAFEE, LLC
11.7.1. Company overview
11.7.2. Company snapshot
11.7.3. Product portfolio
11.8. MICROSOFT
11.8.1. Company overview
11.8.2. Company snapshot
11.8.3. Operating business segments
11.8.4. Product portfolio
11.8.5. Business performance
11.9. SOPHOS LTD.
11.9.1. Company overview
11.9.2. Key Executives
11.9.3. Company snapshot
11.9.4. Product portfolio
11.9.5. Business performance
11.9.6. Key strategic moves and developments
11.10. TREND MICRO INCORPORATED
11.10.1. Company overview
11.10.2. Company snapshot
11.10.3. Product portfolio
11.10.4. Business performance
For more information about this report visit https://www.researchandmarkets.com/r/th0i5
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