BFSI Security Market by Security Type, Offering, Enterprise Size, End User

List of Tables

The BFSI Security Market is projected to reach USD 109.35 billion by 2030 from USD 51.64 billion in 2022, at a CAGR of 9.83% during the forecast period.

Global BFSI Security Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 51.64 billion
Estimated Year Value [2023]	USD 56.43 billion
Forecast Year Value [2030]	USD 109.35 billion
CAGR (%)	9.83%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the BFSI Security Market.

Based on Security Type, market is studied across Cyber Security and Physical Security. The Physical Security is projected to witness significant market share during forecast period.

Based on Offering, market is studied across Services, Solutions, and Systems. The Services is further studied across Consulting Service, Implementation & Integration Service, Remote Monitoring Services, Security Systems Integration Services, and Support & Maintenance Service. The Solutions is further studied across Antivirus/Antimalware, Data Loss Prevention, Disaster Recovery, Distributed Denial of Service (DDoS), Encryption, Identity & Access Management (IAM), and Intrusion Detection System/Intrusion Prevention System (IDS/IPS). The Systems is further studied across Perimeter Intrusion and Detection, Physical Access System, Physical Security Information Management, and Video Surveillance System. The Solutions is projected to witness significant market share during forecast period.

Based on Enterprise Size, market is studied across Large Enterprises and Small & Medium Enterprises (SMEs). The Small & Medium Enterprises (SMEs) is projected to witness significant market share during forecast period.

Based on End User, market is studied across Banks and Insurance Companies. The Insurance Companies is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the BFSI Security Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape BFSI Security Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the BFSI Security Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Axis Communications, BitSight Technologies, Inc., Booz Allen Hamilton Inc, Bosch Security Systems, Broadcom Inc., Check Point Software Technologies Ltd., CipherTrace, Inc., Cisco Systems Inc., Computer Sciences Corporation, CyberArk Software Ltd., Dell EMC Corporation, Diebold Nixdorf, Incorporated, DXC Technology Company, Fortinet, Inc., Genetec Inc., Godrej & Boyce Manufacturing Company Limited, Honeywell International Inc., Imperva, Inc., Intel Corporation, International Business Machines Corporation, Johnson Controls International PLC, McAfee Corp., Microsoft Corporation, Oracle Corporation, Palo Alto Networks, Inc., Ping Identity Corporation, Sophos Group plc, Symantec Corporation, and Trend Micro Incorporated.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the BFSI Security Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the BFSI Security Market?

3. What is the competitive strategic window for identifying opportunities in the BFSI Security Market?

4. What are the latest technology trends and regulatory frameworks in the BFSI Security Market?

5. What is the market share of the leading vendors in the BFSI Security Market?

6. Which modes and strategic moves are suitable for entering the BFSI Security Market?

Product Code: MRR-C002B1C99666

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. BFSI Security Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing digitalization across the BFSI sector worldwide
  - 5.1.1.2. Growing need to protect customer data from malicious attacks
  - 5.1.1.3. Rising investments in fintech companies and financial institutions adopting digital banking models
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with deploying comprehensive security solutions across multiple platforms and devices
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of innovative technologies such as artificial intelligence (AI) and machine learning (ML) to enhance security solutions
  - 5.1.3.2. Availability of customized security solutions based on customers' specific needs
- 5.1.4. Challenges
  - 5.1.4.1. Complex regulatory requirements for data protection and privacy laws
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. BFSI Security Market, by Security Type

6.1. Introduction
6.2. Cyber Security
6.3. Physical Security

7. BFSI Security Market, by Offering

7.1. Introduction
7.2. Services
- 7.3.1. Consulting Service
- 7.3.2. Implementation & Integration Service
- 7.3.3. Remote Monitoring Services
- 7.3.4. Security Systems Integration Services
- 7.3.5. Support & Maintenance Service
7.3. Solutions
- 7.4.1. Antivirus/Antimalware
- 7.4.2. Data Loss Prevention
- 7.4.3. Disaster Recovery
- 7.4.4. Distributed Denial of Service (DDoS)
- 7.4.5. Encryption
- 7.4.6. Identity & Access Management (IAM)
- 7.4.7. Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
7.4. Systems
- 7.5.1. Perimeter Intrusion and Detection
- 7.5.2. Physical Access System
- 7.5.3. Physical Security Information Management
- 7.5.4. Video Surveillance System

8. BFSI Security Market, by Enterprise Size

8.1. Introduction
8.2. Large Enterprises
8.3. Small & Medium Enterprises (SMEs)

9. BFSI Security Market, by End User

9.1. Introduction
9.2. Banks
9.3. Insurance Companies

10. Americas BFSI Security Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific BFSI Security Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa BFSI Security Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Amazon Web Services, Inc.
- 14.1.2. Axis Communications
- 14.1.3. BitSight Technologies, Inc.
- 14.1.4. Booz Allen Hamilton Inc
- 14.1.5. Bosch Security Systems
- 14.1.6. Broadcom Inc.
- 14.1.7. Check Point Software Technologies Ltd.
- 14.1.8. CipherTrace, Inc.
- 14.1.9. Cisco Systems Inc.
- 14.1.10. Computer Sciences Corporation
- 14.1.11. CyberArk Software Ltd.
- 14.1.12. Dell EMC Corporation
- 14.1.13. Diebold Nixdorf, Incorporated
- 14.1.14. DXC Technology Company
- 14.1.15. Fortinet, Inc.
- 14.1.16. Genetec Inc.
- 14.1.17. Godrej & Boyce Manufacturing Company Limited
- 14.1.18. Honeywell International Inc.
- 14.1.19. Imperva, Inc.
- 14.1.20. Intel Corporation
- 14.1.21. International Business Machines Corporation
- 14.1.22. Johnson Controls International PLC
- 14.1.23. McAfee Corp.
- 14.1.24. Microsoft Corporation
- 14.1.25. Oracle Corporation
- 14.1.26. Palo Alto Networks, Inc.
- 14.1.27. Ping Identity Corporation
- 14.1.28. Sophos Group plc
- 14.1.29. Symantec Corporation
- 14.1.30. Trend Micro Incorporated
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing