BFSI Security Global Market Overview:
As with the introduction of newer technologies, there has been a huge progress to simplify the work process. This simplification has enabled the account hackers to secretly churn out the confidential data such as bank account numbers, passcodes, and recent transactions and pin numbers. These hackers are able to design a program which gets activated when an active transaction is taking place and, thereby increases the opportunity for security in banking and financial services.
This is the main factor which brings the concept of cyber security to the world. Banking and financial services security is the most important concern for a developing nation. The increasing risk of security and the need of secured system are some of the factors that are expected to drive the market of banking and financial services security.
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Major Key Players:
The prominent players in the market of BFSI Security are- 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.), Axis Communications (Sweden), Bosch Security Systems (Germany), Booz Allen Hamilton Inc. (U.S.), Hewlett Packard Enterprise (U.S.) among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global BFSI security market.
February 2018, Fincare unveils its Digital Savings Account in Chennai. Fincare Small Finance Bank recently announced the launch of 101, which is its digital savings account. This digital account helps the bank customers in creating an online savings account by linking their Aadhaar number and Permanent Account Number. The company claims that this new technology, is allowing the customers in learning and adopting digital banking. Also, the easier and anytime access of the bank account to their customers is adding a layer of secured banking in the minds of customers.
February 2018, DSCI to Enable Cyber Security Roadmap for India’s Digital Economy. NASSCOM established the Data Security Council of India as a self-regulatory organisation in order to increase the security and privacy based practices in the country. This organization has a purpose to develop as a public support center on issues related to cyber security and data privacy, and thus to create a reliability with the influencers in India and over the globe.
January 2018, Cloud is the Future of BFSI Sector: Pramod Sharda of IceWarp. The cloud proves to be an important aspect associated with its implementation. This is largely based on safety and concentration of cloud servers. The private cloud or its cluster is proving to be one of the best service for enterprises. It provides a whole level of security to the customer using cloud and other related services.
BFSI Security Global Market Segmentation:
Segmentation by types: physical security, virtual security
Segmentation by verticals: banking, insurance, others
Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
BFSI Security Global Market Regional Analysis:
The geographical segmentation of the BFSI Security Market is made across the regions like North America, Europe, Asia Pacific and rest of the world. The North America has faced cyber security attacks and thus is one the reason responsible for the growth in this market making North America, as market leader in this market.
This high growth is also due to the presence of major players in the U.S. thereby providing an additional advantage for the enterprises. On the other hand, Europe holds a close second spot in the market. Asia Pacific is the fastest emerging region in this market space. The growth of this region is due to technological emergence in countries such as Japan, India, Taiwan, China, and parts of Middle East and are easily becoming prone to cyber-attacks.
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Bfsi Security Market: By Type
1.3.2 Global Bfsi Security Market: By Verticals
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