Global BFSI Security
Market Report
2024
The global BFSI Security market size is USD 66.6 billion in 2024. The BFSI Security market will show strongest growth with a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031. This growth can be attributed to advantageous governmental initiatives.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global BFSI Security Market Sales Revenue 2030 | $ 97.52 Billion |
Global BFSI Security Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.43% |
Market Split by Type |
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Market Split by Physical Security |
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Market Split by Information Security |
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Market Split by Subvertical |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of BFSI Security industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
BFSI Security Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Financial Services, Insurance, and Banking is abbreviated as BFSI. The BFSI typically comprises lesser financial entities such as insurance companies, cooperatives, commercial banks, non-banking financial institutions, mutual funds, and pension funds. Private, retail, corporate, and investment banking are all subsets of banking. Mutual funds, stock brokerage, and payment gateways are all examples of financial services. Non-life and life insurance are both types of coverage. Electronic banking platforms have emerged as an effective method for remotely processing banking transactions. In addition to the security risk that exposes user information to criminals, these banking transactions are carried out via the Internet via web-based applications. Securing sensitive data, including personally identifiable information, commercial banking details, personal banking details, and confidential corporate information, is becoming increasingly precarious due to the rise in cybercrime activities. The factors above have contributed to the substantial increase in demand for BFSI security solutions over the last few years, and this upward trajectory is anticipated to persist in the foreseeable future.
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In January 2022, Exide Life Insurance was acquired by HDFC Life in recognition of its strong security, distribution model, presence in South India, and expertise in tier-2 and tier-3 locations, all of which served to strengthen HDFC Life's proprietary distribution and facilitate market expansion. (Source:https://www.hdfclife.com/content/dam/hdfclifeinsurancecompany/about-us/pdf/investor-relations/financial-information/Quarterly-financial-results/HDFC-Life-Press-Release-Jan-01-2022.pdf)
Top Companies Market Share in BFSI Security Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. It is anticipated to sustain its dominant position throughout the projected timeframe. This is the result of the increasing internet penetration and the presence of significant actors. Furthermore, the escalation in the likelihood of data loss will drive the expansion of the market in this particular area.
Asia-Pacific stands out as the fastest-growing region in the BFSI Security market, as a consequence of the growing adoption of sophisticated banking solutions in Australia, China, Japan, and India. Moreover, the regional BFSI security market is propelled by the growing adoption of digital technologies by BFSI organizations to facilitate the provision of online financial services.
The current report Scope analyzes BFSI Security Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global BFSI Security Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing BFSI Security Industry growth. BFSI Security market has been segmented with the help of its Type, Physical Security Information Security, and others. BFSI Security market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for BFSI Security market.
Type of BFSI Security analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of BFSI Security Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of BFSI Security from 2019 to 2031. This will also help to analyze the demand for BFSI Security across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Physical Security of BFSI Security are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the BFSI Security market report 2024 Edition by contacting our team.
According to cognitive market research, Banking is the dominant category. Development is anticipated to be stimulated by the financial industry's increased adoption of digitization. Increased demand for enhanced security solutions has resulted from the implementation of digital or mobile wallets for online transactions. In expanding regions like Asia-Pacific, BFSI security is being implemented extensively. In order to preserve the data of existing clients and retain them for as long as possible, banks are progressively implementing sophisticated security solutions.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global BFSI Security Market is witnessing significant growth in the near future.
In 2023, the Information Security segment accounted for noticeable share of global BFSI Security Market and is projected to experience significant growth in the near future.
The System & Components segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cisco Systems, Computer Sciences Corporation (CSC) (U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Information Security, Physical Security |
Physical Security | System & Components, Service |
Information Security | System & Components, Service |
Subvertical | Banking, Insurance, Other Financial Institutions |
List of Competitors | 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.), Trend Micro Incorporated (U.S.) |
This chapter will help you gain GLOBAL Market Analysis of BFSI Security. Further deep in this chapter, you will be able to review Global BFSI Security Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America BFSI Security Market Trends North America BFSI Security Technological Road Map North America BFSI Security Market Drivers North America BFSI Security Market Restraints North America BFSI Security Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Physical Security Analysis 2019 -2031
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Chapter 12 Market Split by Information Security Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Subvertical Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global BFSI Security market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Information Security have a significant impact on BFSI Security market? |
What are the key factors affecting the Information Security and Physical Security of BFSI Security Market? |
What is the CAGR/Growth Rate of System & Components during the forecast period? |
By type, which segment accounted for largest share of the global BFSI Security Market? |
Which region is expected to dominate the global BFSI Security Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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