Cybersecurity in Financial Services Market 2019 Analysis by IBM Corporation, Accenture PLC., Airbus SE, AlienVault, Inc., etc. and expand at a CAGR of 9.81%

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. In the future, adoption of effective cyber security techniques will become a necessity to reduce the risk of cyberattacks and illegal use of systems, networks and technologies

Threats and key players

Although cybersecurity in financial services market is expected to have positive growth globally, lack of adequate funds may act as a hindrance to the growth of the market. Buyers are allocating exorbitant budgets to tackle cyberattacks but the nature of the crimes is evolving every passing day. Spending on new types of cybersecurity tools and services for companies is a major problem for the financial sector and may hinder the growth of the market.

The major cybersecurity providers operating in the financial services market are Experian Information Solutions Inc., IBM Corporation, Accenture PLC., Airbus SE, AlienVault, Inc., etc.

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According to SDMR, 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 Bn by 2023.

Key growth factors

Incidents of data breaches are on the rise, thereby having an impact on the digitization of financial services like cashless payments via cards and mobiles. Hackers are finding this sector extremely vulnerable to prey upon. Thus, the threat of cyberattacks on the financial services sector is increasing and consultants are increasingly looking into ways to reduce such cyber risks. This is a major driver for the adoption of cybersecurity in the financial services sector.
In 2016, financial services customers suffered over 60% more cyberattacks than customers in any other sector. This increase in the number and scope of attacks on the financial sector is necessitating governmental actions and policies to curb it. 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.

Why buy?

• Understand the demand for cybersecurity in financial services to determine the viability of operating in the market
• Identify the developed and emerging markets where cybersecurity services and solutions are provided
• Identify the challenge areas and address them
• Develop strategies based on the drivers, trends and highlights for each of the segments
• Evaluate the value chain to determine the workflow to get an idea of your current position
• Recognize the key competitors of this market and respond accordingly
• Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth
• Define the competitive positioning by comparing the products and services with the key players in the market

Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• South Korea
• Other Regions

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Table of contents:

Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary

Chapter 2: Global cybersecurity in financial services market – overview
2.1. Global market overview - market trends, market attractiveness analysis, geography-wise market revenue (USD Bn)
2.2. Global - market drivers and challenges
2.3. Value chain analysis – cybersecurity in financial services market

2.4. Porter’s Five Forces analysis

2.5. Market segmentation on the basis of end user industries (banking, insurance, stock brokerages, credit unions, investment funds, card and mobile payments, and governments)
2.5. a. Banking revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. b. Insurance revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. c. Stock brokerages revenue- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. d. Credit unions revenue- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. e. Investment funds revenue- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. f. Card and mobile payments revenue- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. g. Government revenue- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations

2.6. Market segmentation on the basis of solutions (mobile enterprise management, endpoint security, identity and access management (IAM), mobile security, security information and event management (SIEM), content security, data loss prevention (DLP), datacenter security and firewall)
2.6. a. Revenue from mobile enterprise management - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. b. Revenue from endpoint security - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. c. Revenue from identity and access management (IAM)- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. d. Revenue from mobile security - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations

2.6. e. Revenue from security information and event management (SIEM) - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. f. Revenue from content security - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. g. Revenue from data loss prevention (DLP) - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. h. Revenue from datacenter security - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations

2.6. i. Revenue from firewall - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
TOC continued…!

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