With 18.6% CAGR, BFSI Crisis Management Market Size Worth US$ 31.16 Billion in 2027

According to the latest report by IMARC Group, titled "BFSI Crisis Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global BFSI crisis management market reached a value of US$ 11.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.16 Billion by 2027, exhibiting at a CAGR of 18.6% during 2022-2027.

Crisis management for banking, financial services, and insurance is one of the most recent developments in financial technology. It usually relies on cloud computing, artificial intelligence (AI), machine learning (ML), big data, etc., to deal with various incidents and potential emergency situations in the banking industry. In line with this, BFSI crisis management aids in protecting the reliability and credibility of the financial institution network. It assists in improving financial services, risk mitigation and fraud detection, cyber security, etc. Consequently, BFSI crisis management is gaining extensive traction across the globe.

Market Trends:

The BFSI crisis management market is primarily driven by the rising requirement for reputation protection and addressing threats to a company's financial sustainability, employee health, and general public safety. Additionally, the rising data produced by large enterprises and the widespread adoption of digitalized platforms and network solutions by financial institutions and banks to operate their businesses are further catalyzing the market growth. Besides this, the growing utilization of BFSI crisis management in several areas, such as personal finance, lending, international money transfers, equity financing, insurance, etc., is acting as another significant growth-inducing factor. Moreover, the increasing focus on making improvements in customer experience and the expanding BFSI industry are also positively influencing the global market. Apart from this, developing countries are offering lucrative growth opportunities for crisis management solution providers to expand their product portfolios. Furthermore, the elevating consumer awareness towards financial technology is anticipated to fuel the BFSI crisis management market over the forecasted period.

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BFSI Crisis Management Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

4C Group AB
Beekeeper AG
Everbridge Inc
International Business Machines Corporation
Logicgate Inc
Metricstream Inc
NCC Group
Noggin Pty Ltd
Rockdove Solutions Inc
Sas Institute Inc
Software Aktiengesellschaft
Veoci Inc

The report has segmented the market on the basis on region, component, deployment type, enterprises size, application, end user.

Breakup by Component:

Software
Services

Breakup by Deployment Type:

On-premises
Cloud-based

Breakup by Enterprises Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by Application:

Disaster Recovery and Business Continuity
Risk and Compliance Management
Crisis Communication
Incident Management and Response
Others

Breakup by End User:

Banks
Insurance Companies
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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