BFSI Security Market Research Report by Forecast to 2022
BFSI Security Research Report by Forecast to 2022
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BFSI Security Market Research Report by Forecast to 2022
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BFSI Security Market Research Report by Forecast to 2022
Summary Various online banking platforms are an effective way of processing banking transactions in a remote location. Web-based applications are a medium for such transactions, which also led to higher risk of client data exposure to unsolicited internet users, including hackers. Due to this factor, the demand for BFSI Security is continuously surgjng.
Many BFSI institutions are expected to use cloud services which is putting them at a risk of being exposed. The risk of data theft is known to make an installation of BFSI security imperatives. Protection of information from the hackers is one of the largest concerns in the BFSI industry and is primarily driving the global BFSI security market.
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BFSI Security Market Research Report by Forecast to 2022
Major Key Players: • • • • • •
Cisco Systems, Inc. (U.S.) Honeywell International, Inc. (U.S.) McAfee, Inc. (U.S.) Symantec Corporation (U.S.) IBM Corporation (U.S.) Dell EMC (U.S.)
Segmentation: The gloal BFSI security market has been analyzed for various segments that are based on type, vertical and region.
Based on type, there are two sub-categories - physical security and virtual security. Physical security includes access control, video surveillance, intrusion and fire detection, physical security information management (PSIM), system integration, and various other methods. Physical BFSI security is expected to hold the most significant share within the forecast period. Virtual security deals with encryption, firewall, IDS/IPS, web filtering, data loss protection among others.
Regional Analysis: Region-wise segmentation results in three prominent groups; North America, Europe, Asia Pacific, and Rest-of-the-World (RoW). North America leads the BFSI security market. The last two decades have seen North America getting riddled by various cyber-attacks and as a counter mechanism, they have launched extensive security measures.
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BFSI Security Market Research Report by Forecast to 2022
CAGR.business analytics market in the region P a g e |5
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