Global BFSI Security Market to grow at a CAGR of 13.39% during the period 2016 - 2020; Finds New Report

Report forecast the global BFSI security market to grow at a CAGR of 13.39% during the period 2016-2020.

Cyber security solutions help organizations maintain data confidentiality by monitoring, detecting, reporting, and countering cyber threats. These solutions can be deployed as on-premises, cloud-based, or hybrid models. Cyber threats are web-based threats that include identity and data theft. These cyber threats disrupt IT systems and hack critical information by using malware or spyware or by phishing.

Given the increase in global internet use, the adoption of cyber security solutions will grow. In addition, the use of wireless networks for mobile devices like smartphones, tablets, and laptops has made their IT systems vulnerable to cyber attacks. IT systems have become more vulnerable to cyber attacks with the adoption of cloud-based services and emergence of IoT.

The report covers the present scenario and the growth prospects of the global BFSI security market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sale of physical and cyber security solutions adopted in the BFSI sector, which includes the following:

• Physical security components
• Cyber security software suites
• Identity and access management (IAM) services

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, cloud-based services are being adopted rapidly for authentication processes, video management systems, and storing biometrics information. Banks are storing their confidential data on the cloud, which makes it important to secure such confidential data from unauthorized access. The adoption of cloud-based services is increasing more rapidly in small and medium-sized enterprises (SMEs) compared to large enterprises as cloud-based services work on a pay-per-use model.

Further, the report states that many organizations face integration issues while implementing new cyber security and physical security solutions. These solutions may not be compatible with the existing setup of an organization. Though most of the available security solutions are independent, they may face issues while trying to integrate with other security solutions.

Global BFSI Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global BFSI Security Market: Top offerings for physical security - Axis Communications, Bosch Security Systems, and Honeywell Security. Top offerings for cyber security – IBM, McAfee, and Symantec.

Other Prominent Vendors in the market are: Arecont Vision, Assa Abloy, Avigilon, AxxonSoft, Check Point Software Technologies, CNL Software, Crewe Fox, CSC, EMC, Experian, F-Secure, Fortinet, Genetec, H3C Technologies, Hewlett-Packard Enterprise, Juniper Networks, Kaspersky Lab, March Networks, MOBOTIX, Panasonic, Qognify, Safran, Salient Systems, Samsung Techwin, Skybox Security, Sophos, ThreatMetrix, Tyco, Verint Systems, videoNEXT, and VidSys.

Market driver

• Adoption of cloud-based services
• For a full, detailed list, view our report

Market challenge

• Issues with integration
• For a full, detailed list, view our report

Market trend

• Growing adoption of IP-based video surveillance solutions
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 83 pages and 29 Exhibit “Global BFSI Security Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Types of cyber threats, Life cycle analysis, Recent developments, Market segmentation by technology, Market segmentation of physical security by components, Market segmentation of cyber security by solutions, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Vendor landscape, Appendix.

For more information Visit at: http://mrr.cm/JJV

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