openPR Logo
Press release

BFSI Security Market to Register Steady Growth During 2016-2026

01-05-2018 10:23 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

BFSI Security Market to Register Steady Growth During 2016-2026

In past one decade, electronic banking platforms have been implemented as an efficient channel to process banking transactions remotely. These banking transactions are executed from web based applications over the internet network, thus creating security risk by exposing user’s data to hackers. Apart from this, the banking, financial and insurance industry is continuously witnessing threat from global terrorism, cyber-crimes, and espionage which are leveraging the loopholes in the critical infrastructure. With the increase in cyber-crimes activities, security of sensitive data including, personably identifiable information, personal banking details, commercial banking details, and confidential corporate information is at high risk, due to which, the demand for BFSI security solutions has witnessed traction in the past couple of years.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1373

Bank and financial institutions are operated in highly regulated environment. Data breach incidences in these cases occur mainly due to non-compliance to various operational standards.. Therefore, there is increasing need of BFSI security to ensure the long term visibility of banking and financial institutions and their data. BFSI security includes cyber security and physical security of banking and financial institutions.

Component and Technologies Used in BFSI Security

Access Control Systems

Cloud Based Services

Physical Security Software

Surveillance Systems

BFSI Security Market: Drivers and Restraints

In the current changing world of information technology, banking and financial institutions are facing privacy issues due to increased data theft and unauthorized accesses. In BFSI sector, there is always existence of both internal and external threats with increased adoptions of ATMs and online banking solutions. As security breach of customer’s financials can hamper brand image of a particular financial institution, there necessity of safeguarding physical assets and continuous monitoring of banking data driving the growth of the market. However, the initial investment required to set up the security infrastructure is one of the challenge for the growth of this market.

BFSI Security Market: Segmentation

Segmentation of business BFSI Security market on the basis of systems and components:

Video Surveillance:

Video surveillance is used for monitoring activities inside out of the organization. Physical security has become necessary for banking and financial institutions to combat pilferage to theft related activities. This has created increase in demand for video surveillance solutions in the BFSI industry.

Access Control :

Access control is deployed for both physical security as well as information security. Access control systems seamlessly work against any unauthorized access. Access control solutions includes web-based access control, managed access control, control panel, visitor management systems, readers, and credentials.

Intrusion and Fire Detection:

Intrusion detection systems inspect all the inner and outer network activities and identifies suspicious pattern to indicate data breach attempt in the system. Fire detection system is a combination of various devices which work seamlessly to counsel end-users from any threat of fire.

Physical Security Information Management (PSIM):

Physical security information management is a software that act as a standalone platform for integrating multiple unconnected security application and devices. It controls them using single user interface.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-1373

Regional Overview

Asia-Pacific is witnessing rapid growth in the adoption of BFSI security solutions. With respect to this trend, various security vendors such as Honeywell International Inc. and Cisco System Inc. are expanding their business in this region in order to increase its market share in this market. Besides, the Asia-Pacific market is world’s fastest growing economy and soon is expected to be largest wealth market with the increase in private banks and financial instructions in countries such as China and India. In India, according to the data released by The Reserve Bank of India (RBI), the total number of bank accounts in India are around 600 million, out of which 25 million bank accounts holder are active users for mobile banking applications. North America has observed increased data breach attacks against BFSI industries in the recent past. The banking and financial institutions are promoting the use of digital wallet which is in turn is raising the risk of security for consumer’s data.

Cisco Systems Inc., Honeywell International Inc., Computer Science Corporation (CSC), IBM Corporation, and Symantec Corporation are some of the key players of global BFSI security market.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release BFSI Security Market to Register Steady Growth During 2016-2026 here

News-ID: 886467 • Views: 461

More Releases from Future Market Insights

Hormone Replacement Therapy Market COVID-19 Impact and Global Analysis by Produc …
Hormone Replacement Therapy is any form of hormone therapy where in the patient, in course of medical treatment, receives hormones, either to supplement a lack of naturally occurring hormones, or to substitute other hormones for naturally occurring hormones. Menopause, is the time in most women's lives when menstrual periods stop permanently, and the woman is no longer able to have children. Menopause typically occurs between 45 and 55 years of age.
Critical Care Information Systems Market Key Players- Affiliated Computer Servic …
Critical care information systems are used to help manage the large amount of data generated in an intensive care unit every day. Obtaining, synchronizing, assimilating, and evaluating patient data is very difficult because of incompatibilities among monitoring equipment, the absence of standard data formatting and proprietary limitations from industry. The intensive care units are a specialized section of a hospital containing the equipment, medical and nursing staff, monitoring and life
Paper Cores Demand Catalyzes amid High Emphasis on Circular Economy: FMI Study
The global packaging industry has made remarkable progress in recent years, with numerous innovations and technological advances prioritized. Particular emphasis is placed on ensuring sustainability and the spread of the circular economy. Reliable benefits have been obtained in reducing the generation of municipal solid waste. Future Market Insights is a recently published research report that incorporates historical analysis from 2015 to 2019 and future assessments from 2020 to 2030 to
Endometrial Cancer Treatment Market Key Players- R-Pharm-US LLC., Bristol-Myers …
Endometrial cancer or uterine cancer is one of the most common gynecological cancers and 2.8% of women are diagnosed with the endometrial cancer at some point in their lives. According to National Cancer Institute statistics, in 2015 endometrial cancer contributed to 1.8% of all cancers and 3.6% of all new cancer cases were diagnosed as endometrial cancer. Early detection of endometrial cancer helps in the selection of proper treatment options.

All 5 Releases


More Releases for BFSI

Global BFSI A2P SMS Market - Size, Share, Trends & Growth Opportunities
A2P is an acronym which stands for Application-to-Person SMS. It is a term used to describe an SMS message sent from a software application Scope of the Report: This report studies the BFSI A2P SMS market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the BFSI A2P SMS market by product type
BFSI Security Market Prevalent Opportunities upto 2024
In past one decade, electronic banking platforms have been implemented as an ever more efficient channel through which banking transactions can be executed without having to leave house or office. These home banking transactions are done from web based applications that are exposed over internet, making users a very appealing target of hackers. Apart from this, the banking and financial industry is continuously witnessing global terrorism, physical risk, cyber-crimes, and
Blockchain Technology in BFSI Market Size & Analysis – Forecasts To 2025
The global blockchain technology in the banking, financial services, and insurance (BFSI) industry is expected to grow at a tremendous rate over the coming years. Major factors positively influencing the growth of this market include increased operational efficiency; reduced cost and time of the transaction and transparency are expected to positively influence the growth of the blockchain market in the BFSI sector. Blockchain Technology in BFSI Market: Type Insights The blockchain technology
A Comprehensive Study exploring BFSI Security Market
A new research document with title 'BFSI Security Market – Global Drivers, Opportunities, Trends, and Forecasts to 2023' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis and important players/vendors such as IBM, Cisco, Symantec Corp., McAfee LLC The report will help user gain market insights, future trends and growth prospects for forecast 2023. Get the inside scoop of the Sample report @ https://www.htfmarketreport.com/sample-report/517945-bfsi-security-market The BFSI
BFSI Security Market to Record an Exponential CAGR by 2024
In past one decade, electronic banking platforms have been implemented as an ever more efficient channel through which banking transactions can be executed without having to leave house or office. These home banking transactions are done from web based applications that are exposed over internet, making users a very appealing target of hackers. Apart from this, the banking and financial industry is continuously witnessing global terrorism, physical risk, cyber-crimes, and
BFSI A2P SMS Market for BFSI Industry to Reach US$262.5 mn by 2023
According to a new market report published by Transparency Market Research entitled “BFSI A2P SMS Market - Switzerland Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the Switzerland A2P SMS market for BFSI industry was valued at US$130.6 mn in 2014 and is expected to expand at a CAGR of 8.0% from 2015 to 2023, reaching US$262.5 mn by the end of the forecast period. Browse the full