BFSI Security Market Worth $48.95 Billion by 2021 - Segmented by Information Security & Physical Security - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "BFSI Security Market - Global Forecast to 2021" report to their offering.

The BFSI security market is estimated to grow from USD 30.23 Billion in 2016 to USD 48.95 Billion by 2021, at a CAGR of 10.1% during the forecast period. This growth can be attributed to the enforcement of regulatory security compliances, increasing number of sophisticated threats, and incorporation of the Internet of things (IOT). Hence, the adoption of BFSI Security is increasing in various industries.

North America is expected to account for a large share of the BFSI security market, during the forecast period owing to the implementation of BFSI security solutions across varied industries in this region. However, the Asia-Pacific region is expected to grow at the highest CAGR by 2021. The growth in this region can be mainly attributed to the increasing adoption of BFSI security solutions across India, China, Japan, and Australia.

BFSI security offers numerous benefits to the users and organization, but at the same time, it accompanies various security risks, which is a restraining factor for the market. It has a wide complexity in security infrastructure. User awareness towards complex threats and system vulnerabilities is very critical. Banks and utilities need to continuously engage customers and educate them about their online security. It lacks interoperability between security products, which restrains the growth of the BFSI security market. Hence, BFSI security vendors are innovating their product portfolio to manage handling complexity.

Companies Mentioned:

  • Booz Allen Hamilton, Inc.
  • Cisco Systems, Inc.
  • Computer Sciences Corporation
  • EMC Corporation
  • Honeywell International, Inc.
  • IBM Corporation
  • Mcafee, Inc. (Intel Security Group)
  • Sophos Group PLC.
  • Symantec Corporation
  • Trend Micro Incorporated

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 BFSI Security Market, By Security Type

7 BFSI Physical Security Market, By System & Component, and By Services

8 BFSI Security Market for Information Security Solution and Services

9 BFSI Security Market, By Sub-Vertical

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/hnfpvg/bfsi_security

Related Topics: Banking, Security Services

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716