Press release
Cybersecurity in Financial Services Market Hit at CAGR of 9.81%, Estimated to Reach US$ 42.66 billion till 2023
Global Cybersecurity Market
The global cybersecurity in financial services market major providers operating in the financial services market are Experian Information Solutions Inc., IBM Corporation, Accenture PLC., Airbus SE, AlienVault, Inc. The market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa region. Asia-Pacific is projected to grow with the highest CAGR through the forecast period of 2018-2023.
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The global cybersecurity in financial services market is expected to expand at a CAGR of 9.81%, leading to a global revenue of USD 42.66 billion by 2023.
Cybersecurity involves a set of techniques that are designed to protect the integrity of networks, programs, and data, from unauthorized access, cyberattacks, and damages. Of late, cyberattacks in the financial services sector have increased manifold. Cyberattacks against financial services firms increased by over 70% in 2017, which reflects that the financial services sector is currently vulnerable to such attacks.
Key End User Industries
1.Banking
2. Insurance
3.stock brokerages
4. credit unions
5.Investment funds
6.Card
7.Mobile payments
8.Governments.
By solutions and services, the global cybersecurity in financial services market is categorised into mobile enterprise management:
1.Endpoint security
2. Identity and access management (IAM)
3.Mobile security
4.Security information
5.Event management (SIEM)
6.Content security
7. Data loss prevention (DLP)
8.Data centre security
9.Firewall
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Chapters Mentioned in the Report:
Chapter 1: Executive summary
Chapter 2: Global cybersecurity in financial services market - overview
Chapter 3: North America cybersecurity in financial services market - market overview
Chapter 4: Europe cybersecurity in financial services market - market overview
Chapter 5: Asia-Pacific cybersecurity in financial services market - market overview
Chapter 6: Latin America cybersecurity in financial services market - market overview
Chapter 7: The Middle East and Africa cybersecurity in financial services market - market overview
Chapter 8: Competitive landscape
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Federal laws like National Cybersecurity Protection Advancement Act, Cybersecurity Information Sharing Act (CISA), etc. are helping accelerate the adoption of cybersecurity in the financial sector.
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