Soaring Growth in Security Services Market for BFSI Sector: Market Size, Key Players, and Trends

Global Security Services for BFSI Sector to Reach $72.3 billion in 2025 with a CAGR of 10.1% - Drivers Include Increased Cybersecurity Threats and Regulatory Compliance

What Is The Projected Market Size Of The Global Security Services For BFSI Sector Market And Its Growth Rate?

• The market has shown rapid growth recently, rising from $65.66 billion in 2024 to an estimated $72.3 billion in 2025
• The sector will feature a compound annual growth rate (CAGR) of 10.1%
• The historic periods growth has mainly been due to increased cybersecurity threats in the BFSI sector
• The market size is expected to further expand to $129.37 billion in 2029, with a CAGR of 15.7%

What Is Driving The Growth In The Security Services For BFSI Sector Market?

The increase of cyber data breaches in the BFSI sector is a significant driving force behind the market's growth. Such breaches involve gaining unauthorized access to private and sensitive customer data, resulting in financial loss and disruption. BFSI sectors worldwide have seen a rise in cyber-attacks, leading to a heightened need to enforce cybersecurity with tools such as endpoint detection and response (EDR), biometric technology, cloud security, code audit, and embedded system security assessment.

Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7687&type=smp

Who Are the Key Players Driving Security Services For BFSI Sector Market Growth?

• Booz Allen Hamilton
• Cisco Systems
• EMC Corporation
• Symantec Corporation
• IBM Corporation
• Trend Micro Incorporated
• Honeywell International
• Sophos Group
• Dell Inc.
• McAfee Security
• Bosch Security Systems
• Axis Communications
• Microsoft Corporation
• Seico Inc.
• Check Point Software Technologies Ltd.
• Wipro Limited
• HCL Technologies Limited
• Tata Consultancy Services Limited
• Infosys Limited
• Capgemini SE
• Cognizant Technology Solutions Corporation
• DXC Technology Company
• Atos SE
• NTT Data Corporation
• Fujitsu Limited
• Verizon Communications Inc.
• SecureWorks Inc.
• Trustwave Holdings Inc.

What Are The Key Trends In The Security Services For BFSI Sector Market?

Key trends include:
• Biometric authentication for enhanced security
• Continuous monitoring and incident response
• Adoption of blockchain for secure financial transactions
• Collaborative threat intelligence sharing in the BFSI sector
• Emphasis on zero trust security models in BFSI security services

What Are The Segments Of The Global Security Services For BFSI Sector Market?

• By Type: Physical Security, Cyber Security
• By Services: Managed Services, Professional Services, System Integration, Support And Maintenance, Consulting
• By Information Security: System, Service
• By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs)
• By End Users: Banks, Insurance Companies, Other End Users

Which Region Leads The Security Services For BFSI Sector Market?

In 2024, North America was the largest region in the security services for BFSI sector market with Asia-Pacific expected to be the fastest-growing region in the forecast period.

Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/security-services-for-bsfi-sector-global-market-report

What Is Covered In The Security Services For BFSI Sector Market Global Market Report?

• Market Size Analysis: Analyze the Security Services For BFSI Sector Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Security Services For BFSI Sector Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Security Services For BFSI Sector Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Security Services For BFSI Sector Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=7687&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.