The global BFSI Security Market size is estimated to expand rapidly in coming years, at a CAGR of 11.6 % from 2018 to 2025. In 2017, the global market valuation was USD 42.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. There are likely to be heightened data protection issues along with unauthorized access or misuse of data by banking and insurance providers. Cloud-based security solutions are expected to be more widely used so that companies can implement threat management systems for digital asset protection. A further boost business expansion is anticipated to be accomplished by increasing demand for cloud-based solutions that allow the banking, financial services and insurance (BFSI) industry to use their information in a meaningful way.

Global Market Growth Opportunities (Revenue, Growth) By 2018-2025

Increasing internet penetration in developing areas encourages connected devices to make financial transactions convenient and safe. This promotes the banking, financial and insurance market to implement threat management systems to secure payment gates. It also helps secure networks, stop attackers from unauthorized access, and reduce the risk of malware. Implementation in conformity with encryption is anticipated to further facilitate BFSI data protection strategies.

Security solutions from the BFSI help to improve portfolio management in banks and insurance companies, and financial institutions. Various institutions ' strategies have continued to secure the essential information contained in their databases or virtual storage tools. Different factors such as the emergence of personalized applications, biometrics and Internet-based (IoT) cyber security technologies would create opportunities for market growth. However, high cost of implementation and lack of effective safety solutions are expected to impede growth of the market.

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global BFSI security market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global BFSI security market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By End Use Insights: On the basis of end use, global BFSI security market has been segmented into banking and insurance companies. The highest and most rapidly growing end-use market is projected to be banking over the forecast period. Increasing digitalization is anticipated to boost growth throughout the banking sector. Mobile wallets and digital wallets were applied to the need for advanced security system to transact digitally. In emerging areas, such as Asia Pacific, BFSI security is being increasingly enforced. The increasing implementation of advanced bank security solutions retains and maximizes existing customers ' potential through data protection.

During the forecast period, the division of the insurance companies is expected to see significant growth. Mid-sized insurance undertakings have an increased risk of cyber attacks as attacks and outsourcing of cyber security to third-party vendors become increasingly complex. In the next few years, this factor will lead the segment. Insurance firms invest in reliable financial and personal information protection solutions. In contrast, businesses concentrate on financial service services of low risk. The implementation of BFSI security solutions among insurance companies is expected to result in such factors.

Regional Analysis

The BFSI security market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

In 2018, North America has been the biggest market share and its hegemony over the forecast period is expected to continue. The involvement of major players on the market like the DXC Technology Company, McAfee Inc and Symantec Corporation can be related. Such companies offer a broad array of products such as monitors, screens, detectors and technology for providing information safety services in the retail, finance and insurance markets.

Asia Pacific, as a consequence of the steadily evolving banking strategies in China, Japan, India, and Australia, is projected to be the rapidly growing global market for fiscal years from 2019 to 2025. In addition, the global market is driven by the increasing digitization of electronic financial services firms through BFSI businesses. To order to protect the electronic property and consumer information, digitization has enabled financial institutions to introduce threat management programs. Credit and debit card numbers, bank account details, and payment information is included in the confidential customer information.

Global BFSI Security Market Size, Share Analysis by Region 2018

Global BFSI Security Market Study Objective

1. To forecast the market size of BFSI security market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of BFSI security market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of BFSI security market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of BFSI security market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the BFSI security market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Computer Sciences Corporation (CSC), Booz Allen Hamilton Inc., EMC Corporation, Honeywell International, Inc., Cisco Systems Inc., and Mcafee, Inc. Other key players influencing the global market are IBM Corporation, Symantec Corporation, Sophos Group PLC, and Trend Micro Incorporated are some of the key players in the market of BFSI security. These businesses have taken various development approaches in order to enhance their business situation. The main growth policies taken by these organizations to improve their products' and global existence to satisfy the increasing supply from developing economy bubbles officials are expansion, fresh brand creation, fusion & procurement and cooperation.

Global BFSI Security Market Study Report Offer You!

The global BFSI security market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.