Global BFSI Security Market by Application, information Security, Service, Type (Physical Security, Virtual Security), Verticals & Forecast to 2022

Banking, Financial services and Insurance (BFSI) is an industry term for companies that provide a range of such financial products/services such as universal banks.

Houston, United States – April 12, 2018 /MarketersMedia/ —

“World economy is growing rapidly so does the flow of money in the financial system. As the new technologies are coming into picture to make the process simpler and easier, hackers are founding new ways to extract the confidential data’s and uses it for wrong purposes. This is the main factor which brings the concept of cyber security to the world. As BFSI sector deals with the money and financial instruments, hackers are trying very hard to extract the information and use if for their own purposes.”

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.

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Companies Profiled: The Top Key Players included in this Market are Cisco Systems, Inc. (U.S.), Computer Sciences Corporation (CSC) (U.S.), EMC Corporation (U.S.), Honeywell International, Inc. (U.S.), IBM Corporation (U.S.), Booz Allen Hamilton, Inc. (U.S.), McAfee, Inc. (Intel Security Group) (U.S.), Sophos Group Plc. (U.S.), Symantec Corporation (U.S.), and Trend Micro Incorporated (U.S.).
The BFSI security market can be segmented into three categories based on types, end use and region. By types the market is divided into physical security and information security. Physical security is further segmented into access control, video surveillance, intrusion and fire detection, physical security information management (PSIM), system integration, maintenance and support and design and consulting.

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Since the last decade, electronic banking platforms have been adopted by many financial institutions, as a channel to process banking transactions remotely through internet services. With the increase in cyber terrorism, security of sensitive data, including, personal banking details, commercial banking details, and confidential corporate information, are at stake.

North America and Europe are anticipated to be the major players in the market owing to their early adoption of the technology; they are expected to continue this trend in the near future. In addition, owing to the presence of developing countries such as India, Australia, South Korea, and China, Asia Pacific is expected to be the fastest growing market for BFSI security. Rapid urbanization and increasing number of users on online platforms are the major factors boosting the demand for BSFI security solutions in this region.

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Table of Contents:
Global BFSI Security Market Research Report 2017
Chapter 1: Global BFSI Security Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global BFSI Security Market Forecast

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