DUBLIN, Dec. 09, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/8rvl7d/bfsi_security) has announced the addition of the "BFSI Security Market by Information Security by Physical Security - Global Forecast to 2020" report to their offering.
The online banking services enable customers to check online account balance and corporate banking allows customers to transfer funds online to third party accounts; this requires multiple layers of encryption and decryption authentication solutions. This heterogeneous mix of services requires comprehensive and flexible transaction security infrastructure and physical asset protection systems.
The BFSI security market size is estimated to grow from USD 25.61 Billion in 2015 to USD 44.38 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 11.6% from 2015 to 2020.
The major driving forces enabling the growth of this market include enforcement of regulatory security compliances, the increasing number of sophisticated threats, and the incorporation of Internet of Things (IOT).
The significant adoption of heterogeneous and Bring-Your-Own-Device (BYOD) is propelling the growth of physical and information security solutions. In addition to this, mergers and acquisitions, and long term government contracts has raised the demand for BFSI-centric solutions and offers opportunities to various suppliers across the globe.
North America is expected to have the highest market share in terms of revenue for the global BFSI security market, while Asia-Pacific (APAC) is expected to show a potential growth with the highest Compound Annual Growth Rate (CAGR) for the overall forecast period due to technological advancements and leading security vendors concentrating in the region for expansion.
The Middle East and Africa (MEA) and Latin America markets are also likely to experience growth in the market hence they could be good regions for investment in the next five years.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Bfsi Security Market Analysis, By Security Type
8 BFSI Physical Security Market Analysis, By System And Components And By Service
9 BFSI Information Security Market Analysis, By System And Component And By Service
10 BFSI Security Market Analysis, By Sub-Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Booz Allen Hamilton, Inc.
- Cisco Systems, Inc.
- Emc Corporation
- Honeywell International, Inc.
- Ibm Corporation
- Mcafee, Inc. (Intel Security Group)
- Sophos Group Plc.
- Symantec Corporation
- Trend Micro Incorporated
For more information visit http://www.researchandmarkets.com/research/8rvl7d/bfsi_security
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SOURCE Research and Markets