Welcome!

Containers Expo Blog Authors: Liz McMillan, Pat Romanski, Yeshim Deniz, Elizabeth White, Zakia Bouachraoui

News Feed Item

BFSI Security Market Worth $37.35 Billion by 2019

DALLAS, September 5, 2014 /PRNewswire/ --

According to new research report "BFSI Security Market by Physical Security (Video Surveillance, Access Control, Intrusion Detection, PSIM), & by Cyber Security (IAM, Encryption, DLP, IDS/IPS, UTM, SVM/SIEM, Antivirus/Antimalware) - Worldwide Forecasts & Analysis (2014 - 2019)", published by MarketsandMarkets, defines & segments the global BFSI Security Market into physical security systems and services, and information security solutions and services along with in-depth analysis and revenue forecasts. It also identifies the drivers, restraints, and opportunities prevalent in the market and provides burning issues along with premium insights for the market.

Browse 84 market data tables and 39 figures spread through 186 pages and in-depth TOC on "BFSI Security Market - Forecasts and Analysis (2014-2019)"

http://www.marketsandmarkets.com/Market-Reports/bfsi-security-market-258880344.html

http://www.marketsandmarkets.com/Market-Reports/oil-and-gas-analytics-market-147668082.htmlEarly buyers will receive 10% customization on this report.

The report also segments the market sub-verticals (banking, insurance companies, and other financial institutions), and by regions (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The detailed analysis of the key industry players have been done to provide the insight on their product and services, strategy, and recent developments associated with the BFSI Security Market.

The rapid increase in account takeovers, third party payment processor breaches, securities and market trading exploitation, ATM skimming and point of sale schemes, mobile banking exploitation, and telecommunication network disruption are few of the major criminal activities faced by the BFSI industry in recent times. Also, the supply chain infiltration leading to physical and technical access of computer and security equipment, software, and hardware by the cyber adversaries is leading to huge financial losses along with reputation damage to the industry. Thereafter, the demand for security solutions both for physical assets as well as confidential business data is increasing in the banking and financial institutions.

The industry is eagerly adopting various physical and information security solutions including video surveillance, biometric access control, intruder alarms, authentication, encryption, risk and compliance management, and managed security services among others. The major vendors in the BFSI Security Market are Booz Allen Hamilton, Cisco, CSC, EMC, Honeywell, IBM, McAfee, Sophos, Symantec, and Trend Micro.

The major forces that are driving growth in this market are strict regulations and compliances from government, increasing sophisticated threats against critical infrastructures, and growing Internet of Things (IoT) market. Moreover, lack of awareness about innovative BFSI security solutions across emerging economies along with the need for convergence of various security solutions are acting as hurdle in the growth of the market.

Speak to Analyst:http://www.marketsandmarkets.com/speaktoanalyst.asp?id=258880344

MarketsandMarkets forecasts that the global BFSI Security Market is expected to grow from $21.53 billion in 2014 to $37.35 billion by 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 11.6% from 2014 to 2019. In the current scenario, North America is expected to be the largest market on the basis of spending and adoption for BFSI security solutions and services.

Browse Related Reports 

Cyber Security Market (IAM, Encryption, DLP, Risk and Compliance Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SVM/SIEM, Disaster Recovery, DDoS Mitigation, Web Filtering, Security Services) - Global Advancements, Forecasts & Analysis (2014-2019)

http://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html

Cloud Security Market (Cloud IAM/IDAAS, DLP, Web Security, Email Security, Cloud IDS/IPS, SIEM, Encryption Services, BCDR, Network Security, Cloud Database Security, Virtualization Security) - Global Advancements, Forecasts & Analysis (2014-2019)

http://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html

About MarketsandMarkets 

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...