openPR Logo
Press release

A Comprehensive Study exploring BFSI Security Market

03-14-2018 01:47 PM CET | IT, New Media & Software

Press release from: HTF Market Intelligence Consulting Pvt. Ltd.

BFSI Security Market

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 sector deals with the largest bulk of financials facilitating transactions, insurance, and other financial services to the customer. This sector has been victim to huge cyber crimes, physical risks, and terrorism, thereby demanding increased security measures for the industry. The growing adoption of technology, increasing use of internet, cloud, electronic platform, online and mobile banking are all together leading to increased susceptibility to cyber and physical threats to data and information of the banking customers. This is enhancing the need to implement new and improved solution for secure transactions in the BFSI industry.

Market Analysis:
The BFSI sector is growing far beyond the traditional method and is improving the spectrum of services & customer experience. The growth in terrorism, physical, and cyber-attacks (2016 attack which led to compromise 3.2 million debit card holders in India), the incidence of ransomware attack intruding the systems in around 150 countries are some of the major reasons driving the change in the BFSI industry and necessitating the need for enhanced security measures. Also, the increased need for remote monitoring and banking solutions is further giving impetus to the growth of the market. The market has high opportunities in analytics, biometrics, and ethical hacking. Biometrics has largely been implemented in the industry, and its adoption is increasing at a fast pace owing to the extent of security and safety it leverages.

Technology Analysis:
The growth in the number of web data breaches and its increasing pace have changed the perception held by the BFSI industry. There is a growing shift towards the adoption of new software to protect the integrity of banks and customer data. The various software available are identity and access management, unified threat management, IDS/IPS, disaster recovery, security and vulnerability management, and encryption. The growth in BYOD, mobile apps, and cloud has resulted in the greatest adoption of IAM in the banking industry. The increased terror activities, robberies, identity stealing, and data breaches are amongst the major reasons driving the need for physical security in the banking industry. The various technologies leveraging the BFSI sector with physical security are access control, video surveillance, physical security information management, intrusion, and fire detection. The BFSI premises have already installed video surveillance, IAM, encryption, and fire detection systems; and many countries have mandated such installations owing to the need of security.

Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=517945

Regional Analysis:
North America is leading the “BFSI Security market” where the government is taking steps ahead in security through new cybersecurity standards and increased investment such as US in 2015 invested $4 billion in cybersecurity for financial institutions. The banking system in the US is equipped with automatic account log out to enhance security. Europe stands second in the market and is inviting niche players to enter the market through funding. In 2016, the UK registered a loss of about $3 million due to cyberattacks, driving increased investments in security in Europe and is leading to the adoption of biometric technology using voice and fingerprint recognition in the UK. APAC region has high growth potential accompanied with high investment in the market, especially in India and China. LAMEA market is largely supported by the growing investments and mandatory laws relating to security in BFSI such as the UL certified biometric process for Brazilian banks.

Key Players:
The key vendors leveraging solutions for BFSI security included in the report are IBM, Cisco, Symantec Corp., McAfee LLC, Oracle, Herjavec Group, Stromshield, Dell Security, Gemalto NV, Accenture, and Trend Micro Inc.

Competitive Analysis:
The market for BFSI is competitive with major software vendors such as IBM, Cisco, Symantec already having a renowned position in market. Cisco is enhancing the customer’s experiences through premium and convenience banking along with global security programs. IBM is focussing on security and generates around $2 billion of revenue from security alone annually. Symantec is focussing on DDos mitigation and increased information security management. Other global players such as Stromshield, dell, Gemalto NV, Accenture, and Trend Micro are also into providing increased solutions for BFSI security market.

Benefits:
The report provides with in-depth analysis of BFSI security market aiming at improvement in security. The report gives insights about major drivers as well as challenges coming forth on the path of the market growth. The information provided can benefit the stakeholders with knowledge on trends, investments, drivers, governmental initiatives, and various regulatory changes about to be adopted in years to come. The report covers profiles of major vendors leveraging security solutions for BFSI sector to the end-users.

Key Stakeholders:
Device manufacturers, network providers, data security solution vendors, policy makers, standard development organizations, investor community, university researchers, blog writers, and technology magazines

Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/517945-bfsi-security-market

1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.2.1 Market Segmentation
3.3 Related Markets
3.3.1 Intrusion Detection System/ Intrusion Prevention System Market
3.3.2 Encryption Software Market
4 Market Outlook
4.1 Overview
4.2 Market Definition – The Research
4.3 Market Trends and Impact
4.4 Market Segmentation
4.5 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Evolution
5.2 Value Chain
5.3 BFSI Security Risks and Corresponding Solutions
5.4 Threat to Financial and Non-Financial Organizations
5.5 Reasons for investment in BFSI security
5.6 Market Dynamics
5.6.1 Drivers
5.6.1.1 Rising cyber attacks
5.6.1.2 Government initiatives
5.6.1.3 Digitization of BFSI services
5.6.1.4 Increasing need of remote monitoring solutions
5.6.2 Restraints
5.6.2.1 Absence of common security platform
5.6.2.2 Lack of awareness about security solutions
5.6.2.3 High cost of security solutions
5.6.3 Opportunities
5.6.3.1 Opportunities in analytics
5.6.3.2 Huge investments in cybersecurity
5.6.3.3 Ethical hacking
5.6.4 DRO – Impact Analysis
....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/517945-bfsi-security-market

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Author
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

Connect with us at
https://www.linkedin.com/company/13388569/
https://plus.google.com/u/0/+Htfmarketreportinsights
https://www.facebook.com/htfmarketintelligence/
https://twitter.com/htfmarketreport

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 A Comprehensive Study exploring BFSI Security Market here

News-ID: 978544 • Views: 246

More Releases from HTF Market Intelligence Consulting Pvt. Ltd.

Pharmaceutical Equipment Market Is Thriving Worldwide| GE Healthcare, Bosch, Shi …
HTF Market Intelligence released a new research report of 100 pages on title 'Global Pharmaceutical Equipment Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, China, Rest of Asia Pacific, Central & South America, Middle East & Africa and important players such as GE Healthcare, Bosch (Germany), Sartorius etc. Request a sample
Retail Order Management Software Market Seeking Excellent Growth | Microsoft, IB …
HTF Market Intelligence released a new research report of 100 pages on title 'Global Retail Order Management Software Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, China, Rest of Asia Pacific, Central & South America, Middle East & Africa and important players such as Microsoft Corporation (United States), Oracle
Cruise Ship Market to Witness Huge Growth by 2025| Cruise Critic, MSC Cruises, P …
A new research study from HTF MI with title Cruise Ship Market Insights 2019, Global and Chinese Analysis and Forecast to 2024; provides an in-depth assessment of the Competency-based Platform including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Cruise Ship investments till 2025. A cruise ship is a passenger ship which takes passenger for travel from
Nanotechnology Medical Devices Market Future Scope Including Top key Players Str …
Global Nanotechnology Medical Devices Sales Market Report 2019 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Nanotechnology Medical Devices Market. Some of the key players profiled in the study are Stryker, 3M, Smith

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
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.
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