BFSI Security Market – Forecasts from 2017 to 2022
DESCRIPTION BFSI Security Market is estimated to grow at a CAGR of 8.92% to reach US$33.075 billion by 2022, increasing from US$21.572 billion in 2017. The advent of the internet has facilitated in moving the banking process online so as to provide efficient and convenient services to customers. This has also led to increase in cyber security threats and frauds leading to BFSI enterprises opting for precautionary measures to keep the customers’ data safe. Apart from online threats, physical security threats have also grown, leading to growing implementation of various security solutions like access control, video surveillance among others. Government regulations and industry policies regulating the need for efficient security protocols and compliance will boost the demand for these solutions over the forecast period. The increasing use of mobile data coupled with the augmenting usage of cloud-based services will also propel the growth of BFSI Security market over the forecast period. By End-User Industry The increase in a number of data breach incidence in banking and insurance sector leads to the high adoption of BFSI Security solutions. Moreover, changing financial regulations and increase in a number of bank accounts with growing population significantly contributes to the market growth. The growth in the use of mobile banking applications and other electronic banking platforms is expected to boost the BFSI market growth in years ahead. By Geography Geographically, North America BFSI security market accounted for a large market share in 2016 owing to the early adoption of technology. Moreover, increasing cyber-attacks is further boosting the BSFI security market growth within the region. However, Asia Pacific is expected to grow at the fastest rate, with the increase in number of private bank and financial institutions, especially in emerging economies of China and India, and is expected to expand the demand of different BFSI security solutions over the forecast period.
BFSI Security Market – Forecasts from 2017 to 2022
Competitive Insight The global BFSI Security market is fragmented owing to the presence of multiple regional and international players. The presence of big players with their expertise knowledge and ability to invest in R&D enhances the competitive rivalry. In order to be ahead of competition and to expand the footprint, large vendors are acquiring small vendors. Major players discussed in the reports are Bosch Security Systems, Honeywell Security, Booz Allen Hamilton, Computer Sciences Corporation, Symantec, EMC Corporation, Axis Communication, Cisco Systems, IBM, Trend Micro Incorporated, McAfee, and Panasonic among others. Segmentation BFSI Security market has been segmented by component, type, end-user industry, and geography as below By Component o Access Control Systems o Cloud-based Services o Physical Security Software o Surveillance Systems By Type o Physical Security
Access Control
Video Surveillance Fire Detection
Others
o Cyber Security
Identity and Access Management
Encryption
Disaster Recovery
Web Filtering BFSI Security Market – Forecasts from 2017 to 2022
Others
By End-User Industry o Banking & Insurance o Others
By Geography o Americas North America
U.S.
Canada
Mexico
Others
South America
Brazil
Argentina
Others
o Europe Middle East and Africa Europe UK Germany France Others Middle East and Africa Saudi Arabia Israel Others o Asia Pacific Japan BFSI Security Market – Forecasts from 2017 to 2022
China India South Korea Others Key questions answered by the report What will be the BFSI Security market size from 2017 to 2022? How are the major drivers and restraints affecting the global BFSI Security market growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participants’ behavior Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
BFSI Security Market – Forecasts from 2017 to 2022
TABLE OF CONTENTS 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 4.1. Market Overview and Segmentation 4.2. Drivers 4.3. Restraints 4.4. Opportunities 4.5. Supplier Outlook 4.6. Industry Outlook 4.7. Porter’s 5 Forces Analysis 4.8. Industry Value Chain Analysis 4.9. Industry Regulations 4.10. Scenario Analysis 5. Global BFSI Security Market Forecast by Components (US$ billion) 5.1. Access Control Systems 5.1.1. Market Size and Forecasts to 2022 5.2. Cloud-based Services 5.2.1. Market Size and Forecasts to 2022 5.3. Physical Security Software 5.3.1. Market Size and Forecasts to 2022 5.4. Surveillance Systems 5.4.1. Market Size and Forecasts to 2022 6. Global BFSI Security Market Forecast by Type (US$ billion) 6.1. Physical Security 6.1.1. Access Control 6.1.1.1. Market Size and Forecasts to 2022 6.1.2. Video Surveillance Fire Detection 6.1.2.1. Market Size and Forecasts to 2022 6.1.3. Others 6.1.3.1. Market Size and Forecasts to 2022 BFSI Security Market – Forecasts from 2017 to 2022
6.2. Cyber Security 6.2.1. Identity and Access Management 6.2.1.1. Market Size and Forecasts to 2022 6.2.2. Encryption 6.2.2.1. Market Size and Forecasts to 2022 6.2.3. Disaster Recovery 6.2.3.1. Market Size and Forecasts to 2022 6.2.4. Web Filtering 6.2.4.1. Market Size and Forecasts to 2022 6.2.5. Others 6.2.5.1. Market Size and Forecasts to 2022 7. Global BFSI Security Market Forecast by End–User Industry (US$ billion) 7.1. Banking & Insurance 7.1.1. Market Size and Forecasts to 2022 7.2. Others 7.2.1. Market Size and Forecasts to 2022 8. Global BFSI Security Market Forecast by Geography (US$ billion) 8.1. Americas 8.1.1. North America 8.1.1.1. U.S. 8.1.1.1.1. Market Size and Forecasts to 2022 8.1.1.2. Canada 8.1.1.2.1. Market Size and Forecasts to 2022 8.1.1.3. Mexico 8.1.1.3.1. Market Size and Forecasts to 2022 8.1.1.4. Others 8.1.1.4.1. Market Size and Forecasts to 2022 8.1.2. South America 8.1.2.1. Brazil 8.1.2.1.1. Market Size and Forecasts to 2022 8.1.2.2. Argentina 8.1.2.2.1. Market Size and Forecasts to 2022 8.1.2.3. Others BFSI Security Market – Forecasts from 2017 to 2022
8.1.2.3.1. Market Size and Forecasts to 2022 8.2. Europe Middle East and Africa 8.2.1. Europe 8.2.1.1. UK 8.2.1.1.1. Market Size and Forecasts to 2022 8.2.1.2. Germany 8.2.1.2.1. Market Size and Forecasts to 2022 8.2.1.3. France 8.2.1.3.1. Market Size and Forecasts to 2022 8.2.1.4. Others 8.2.1.4.1. Market Size and Forecasts to 2022 8.2.2. Middle East and Africa 8.2.2.1. Saudi Arabia 8.2.2.1.1. Market Size and Forecasts to 2022 8.2.2.2. Israel 8.2.2.2.1. Market Size and Forecasts to 2022 8.2.2.3. Others 8.2.2.3.1. Market Size and Forecasts to 2022 8.3. Asia Pacific 8.3.1. Japan 8.3.1.1.1. Market Size and Forecasts to 2022 8.3.2. China 8.3.2.1.1. Market Size and Forecasts to 2022 8.3.3. India 8.3.3.1.1. Market Size and Forecasts to 2022 8.3.4. Australia 8.3.4.1.1. Market Size and Forecasts to 2022 8.3.5. Others 8.3.5.1.1. Market Size and Forecasts to 2022 9. Competitive Intelligence 9.1. Market Share of Key Players 9.2. Investment Analysis 9.3. Recent Deals BFSI Security Market – Forecasts from 2017 to 2022
9.4. Strategies of Key Players 10. Company Profiles 10.1. Bosch Security Systems 10.1.1. Overview 10.1.2. Financials 10.1.3. Products and Services 10.1.4. Recent Developments 10.2. Honeywell Security 10.2.1. Overview 10.2.2. Financials 10.2.3. Products and Services 10.2.4. Recent Developments 10.3. Booz Allen Hamilton 10.3.1. Overview 10.3.2. Financials 10.3.3. Products and Services 10.3.4. Recent Developments 10.4. Computer Sciences Corporation 10.4.1. Overview 10.4.2. Financials 10.4.3. Products and Services 10.4.4. Recent Developments 10.5. Symantec 10.5.1. Overview 10.5.2. Financials 10.5.3. Products and Services 10.5.4. Recent Developments 10.6. Dell EMC 10.6.1. Overview 10.6.2. Financials 10.6.3. Products and Services 10.6.4. Recent Developments 10.7. Axis Communication BFSI Security Market – Forecasts from 2017 to 2022
10.7.1. Overview 10.7.2. Financials 10.7.3. Products and Services 10.7.4. Recent Developments 10.8. Cisco Systems 10.8.1. Overview 10.8.2. Financials 10.8.3. Products and Services 10.8.4. Recent Developments 10.9. IBM 10.9.1. Overview 10.9.2. Financials 10.9.3. Products and Services 10.9.4. Recent Developments 10.10. Trend Micro Incorporated 10.10.1. Overview 10.10.2. Financials 10.10.3. Products and Services 10.10.4. Recent Developments 10.11. McAfee 10.11.1. Overview 10.11.2. Financials 10.11.3. Products and Services 10.11.4. Recent Developments 10.12. Panasonic 10.12.1. Overview 10.12.2. Financials 10.12.3. Products and Services 10.12.4. Recent Developments List of Tables List of Figures
BFSI Security Market – Forecasts from 2017 to 2022
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BFSI Security Market – Forecasts from 2017 to 2022