BFSI Security Market High Tech Industry Analysis, Industry Overview, Business Trends, Regional Study Key Players Forecast 2022
Market Overview
Banking, financial services, insurance (BFSI) Security is now a must for the growing world economy. Reports of Market Research Future (MRFR) suggests that the global market is expected to reach around USD 71 Bn during the forecasted period (2016-2022) growing at a CAGR of 14%. BFSI serves as the foundation for various financial exchanges that take place in diverse sectors and is now an integral part of national infrastructure systems. Hence, the need for the maximum security against possible online or offline theft.
Key Players
Major global BFSI security providers are now investing the
lion's share of their revenues in exploring newer possibilities to counter the
rising cyber threats. Global players, such as Cisco Systems, Inc. (U.S.),
Honeywell International, Inc. (U.S.), McAfee, Inc. (U.S.), Symantec Corporation
(U.S.), IBM Corporation (U.S.), Dell EMC (U.S.), Axis Communications (Sweden),
Bosch Security Systems (Germany), Booz Allen Hamilton Inc. (U.S.), Hewlett
Packard Enterprise (U.S.) among others, are doing what is necessary to curb
cyber malpractices.
For More Information @ https://www.marketresearchfuture.com/reports/bfsi-security-market-1810
Market
Segmentation
GLOBAL BFSI SECURITY MARKET, COMPETITIVE LANDSCAPE
· KEY STRATEGIES AND DEVELOPMENTS
· PORTER’S FIVE FORCES ANALYSIS
GLOBAL BFSI SECURITY MARKET, ESTIMATION & FORECAST,
BY TYPE
·
PHYSICAL SECURITY
·
VIRTUAL SECURITY
Regional Insights
The regional segmentation creates three distinct groups. North America,
Europe, Asia Pacific and other countries (RoW). North America leads the BFSIsecurity market. Over the past two decades, North America has seen a wide
variety of cyber attacks, and has launched a wide range of security measures as
a mechanism to respond. The presence of global players in the US gives North
America a competitive advantage. Europe ranks second in the market after Asia
Pacific. Due to the rapid growth rate, countries such as Japan, China, Singapore
and UAE have become targets for online hackers, as a result of which the demand
for advanced security systems has increased and revenues have increased during
the forecast period.
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