BFSI Security Market Future Growth, Business Prospects and Detailed Insights on Upcoming Trends - Global Forecast to 2023

The BFSI sector deals with the largest bulk of financials facilitating transactions, insurance, and other financial services to the customer. This sector has been victim to huge cyber crimes, physical risks, and terrorism, thereby demanding increased security measures for the industry. The growing adoption of technology, increasing use of internet, cloud, electronic platform, online and mobile banking are all together leading to increased susceptibility to cyber and physical threats to data and information of the banking customers. This is enhancing the need to implement new and improved solution for secure transactions in the BFSI industry.

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The BFSI sector is growing far beyond the traditional method and is improving the spectrum of services & customer experience. The growth in terrorism, physical, and cyber-attacks (2016 attack which led to compromise 3.2 million debit card holders in India) , the incidence of ransomware attack intruding the systems in around 150 countries are some of the major reasons driving the change in the BFSI industry and necessitating the need for enhanced security measures.

Also, the increased need for remote monitoring and banking solutions is further giving impetus to the growth of the market. The market has high opportunities in analytics, biometrics, and ethical hacking. Biometrics has largely been implemented in the industry, and its adoption is increasing at a fast pace owing to the extent of security and safety it leverages.

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Table of Contents

1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis

2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.2.1 Market Segmentation
3.3 Related Markets
3.3.1 Intrusion Detection System/ Intrusion Prevention System Market
3.3.2 Encryption Software Market

4 Market Outlook
4.1 Overview
4.2 Market Definition - Publisher
4.3 Market Trends and Impact
4.4 Market Segmentation
4.5 Porter 5 (Five) Forces

5 Market Characteristics
5.1 Evolution
5.2 Value Chain
5.3 BFSI Security Risks and Corresponding Solutions
5.4 Threat to Financial and Non-Financial Organizations
5.5 Reasons for investment in BFSI security
5.6 Market Dynamics
5.6.1 Drivers
5.6.1.1 Rising cyber attacks
5.6.1.2 Government initiatives
5.6.1.3 Digitization of BFSI services
5.6.1.4 Increasing need of remote monitoring solutions

6 Information Security
6.1 Overview
6.2 Information security software
6.2.1 Identity & Access Management (IAM)
6.2.1.1 Market Size and Analysis
6.2.2 Security & Vulnerability Management
6.2.2.1 Market Size and Analysis
6.2.3 Unified Threat management (UTM)
6.2.3.1 Market Size and Analysis
6.2.4 Intrusion Detection System and Intrusion Prevention System (IDS/IPS)

10 Competitive Landscape
10.1 Vendor Assessment
10.1.1 Cisco
10.1.2 IBM
10.1.3 Symantec
10.1.4 McAfee
10.1.5 FireEye
11 Vendor Profiles
11.1 Cisco Systems
11.1.1 Overview
11.1.2 Business Units
11.1.3 Geographic Revenue
11.1.4 Business Focus
11.1.5 SWOT Analysis
11.1.6 Business Strategy
11.2 IBM

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