BFSI Security Market is estimated to increase at a CAGR of 9.10% to reach US$45.987 billion by 2024

Knowledge Sourcing Intelligence announces the publication of a new report on “BFSI Security Market - Forecasts from 2018 to 2024" to their offering.

BFSI is an abbreviation for banking, financial services, and insurance which refers to companies that provide a range of these financial products and services. It can include universal banks providing financial services or companies that operate in this domain. BSFI security is the method of keeping your financial and other such important details secure and breach free so that your data stays protected at all times.

This report provides forecast and analysis of the BFSI security market which is estimated to grow at an impressive CAGR of 9.10%over the forecast period 2018-2024. The market for BFSI security is expected to surge during the forecast period due to an increase in the number of data breach incidences in banking and insurance leading to increased implementation of these solutions. Additionally, there also has been an increase in physical threats which has increased the usage of different solutions such as access control, video surveillance further contributing to the market growth in the forecast period and in the coming years. Also, as the usage of mobile data continues to grow, combined with the increasing usage of cloud-based solutions, the demand for these solutions will continue to witness an upswing.

Geographically, North America holds a significant market share, while the Asia Pacific region is expected to be among the fastest-growing due to an increasing number of financial institutions and private banks. Furthermore, with the growing emphasis on following the regulatory and data protection laws and increasing usage of mobile banking applications and platforms where electronic banking can be done is significantly contributing to the growing demand for BFSI security solutions in the forecast period.

Some of the major players covered as part of the report are Bosch Security Systems, Honeywell Security, Booz Allen Hamilton, Computer Sciences Corporation, Symantec, Dell EMC, Axis Communication, Cisco Systems, IBM, Trend Micro Incorporated, McAfee, and Panasonic among others.

This report segmented the BFSI security market on the basis following terms
• 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
 Others

• By End-User Industry
o Banking & Insurance
o Others

• By Geography
o North U.S.
 Canada
 Mexico
 Others

o South America
 Brazil
 Argentina
 Others

o Europe
 UK
 Germany
 France
 Others

o Middle East and Africa
 Saudi Arabia
 Israel
 Others

o Asia Pacific
 Japan
 China
 India
 Australia
 Others

Purchase complete report or request sample: www.knowledge-sourcing.com/report/bfsi-security-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.