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BFSI Security Market Worth 48.95 Billion USD by 2021


News provided by

MarketsandMarkets

Sep 08, 2016, 09:32 ET

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PUNE, India, September 8, 2016 /PRNewswire/ --

According to a new market research report "BFSI Security Market by Information Security (IAM, Encryption, Disaster Recovery, UTM, Firewall, Security and Vulnerability Management, IDS/IPS, Data Loss Protection, Antivirus & Antimalware) & Physical Security - Global Forecast to 2021", published by MarketsandMarkets, the 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%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
   

Browse 89 market data Tables and 41 Figures spread through 170 Pages and in-depth TOC on "BFSI Security Market"

http://www.marketsandmarkets.com/Market-Reports/bfsi-security-market-258880344.html
Early buyers will receive 10% customization on this report.

This growth can be attributed to the increasing adoption of cloud-based security solutions, enforcement of regulatory security compliance, and the increasing risk of cyber threats against BFSI infrastructure.

Based on type, the physical security segment is expected to hold the largest market share during the forecast period 

On the basis of type, the BFSI security market is segmented into information security and physical security. The physical security segment is expected to account for the largest market share from 2016 to 2021. This growth can be attributed to the rapid adoption of IP-based video surveillance, physical security information management (PSIM) and biometrics across the world.

Based on sub vertical, the insurance segment is expected to grow at the fastest rate during the forecast period 

On the basis of sub vertical, the insurance segment of the BFSI security market is expected to grow at a high CAGR during the forecast period. The insurance segment has led the banking and other financial institutions because of tremendous transformation in the last decade as a result of deregulation, globalization, and terrorist attacks.

North America is expected to lead the BFSI Security Market with the largest market share during the forecast period 

On the basis of region, the BFSI Security Market has been segmented into North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. North America is expected to account for the largest share of the BFSI security market in 2016, owing to the extensive implementation of BFSI security solutions across varied industries in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. This growth can be attributed to the increasing adoption of BFSI security solutions across India, China, Japan, and Australia.

Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=258880344

This report provides information about different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments adopted by major players to increase their market share. Key players operational in the BFSI security market include 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.), and Trend Micro Incorporated (U.S.).

Browse Related Reports 

Physical Security Market by System (Access Control, IP Video Surveillance Software, Locks, PSIM, PID), Services (System Integration, Maintenance & Support, and Designing & Consulting), Vertical, and Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/physical-security-market-1014.html

Cyber Security Market by Solutions (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Services, Security Type, Deployment Mode, Organization Size, Vertical & Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]


Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

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