Global BFSI Security Market 2023-2027

Global BFSI Security Market 2023-2027
The BFSI security market is forecasted to grow by USD 36747.11 mn during 2022-2027, accelerating at a CAGR of 11.13% during the forecast period. The report on the BFSI security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in cyber data breaches, growth of online banking industry, and surge in adoption of digitalization in BFSI sector.

Technavio's BFSI security market is segmented as below:

By Delivery ModeServiceSolutionBy TypePhysical securityCyber securityBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the rise in adoption of internet in BFSI sector as one of the prime reasons driving the BFSI security market growth during the next few years. Also, growing mergers and acquisitions of vendors in market in focus and increasing demand for UHD video surveillance will lead to sizable demand in the market.

The report on the BFSI security market covers the following areas:BFSI security market sizingBFSI security market forecastBFSI security market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading BFSI security market vendors that include Booz Allen Hamilton Holding Corp., Broadcom Inc., Canon Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., DXC Technology Co., Fortinet Inc., Hewlett Packard Enterprise Co., Honeywell International Inc., Intel Corp., International Business Machines Corp., LogRhythm Inc., McAfee LLC, Microsoft Corp., Robert Bosch GmbH, Securonix, Sophos Ltd., Trend Micro Inc., and Seico Inc.. Also, the bfsi security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.