BFSI Security Market 2021-2025
New Study Reports ” BFSI Security Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2025″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “BFSI Security Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The BFSI Security Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the BFSI Security market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
In past one decade, electronic banking platforms have been implemented as an ever more efficient channel through which banking transactions can be executed without having to leave house or office. These home banking transactions are done from web based applications that are exposed over internet, making users a very appealing target of hackers.
Apart from this, the banking and financial industry is continuously witnessing global terrorism, physical risk, cyber-crimes, and espionage that are exposing the hole in critical infrastructure. Due to the increase in cyber-security, security of sensitive data is at stack. These sensitive data includes, personably identifiable information, personal banking details, commercial banking details, and confidential corporate information.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Cisco Systems Inc., Honeywell International Inc., Computer Science Corporation (CSC), IBM Corporation, and Symantec Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the BFSI Security.
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Bank and financial institutions runs in highly regulated environment. In several cases, security incidents occur because of non-compliance to various standards. If this happens, the consequences are severe. So, there is growing need of BFSI security to ensure the long term visibility of banking and financial organizations and their data. BFSI security includes security of cyber security and physical security of banking and financial organizations.
In today’s ever changing world of information technology, banking and financial organizations are facing increased data theft and unauthorized access. The leakage of a company’s confidential data on financials, customer base, and strategies can hamper their brand image.
In BFSI sector, there is always existence of both internal and external threats with increased adoptions of ATMs and online banking solutions. So the need of protection of physical assets and continuous monitoring of banking data of BFSI sector is driving the growth of the market. However, the initial investment required to set up the security infrastructure is restricting the growth of the BFSI security market.
BFSI Security Market can be segmented on the basis of systems and components:
- Video Surveillance:
Video surveillance is used for monitoring activates happening inside as well as outside the organizations. Physical security has become necessary for banking and financial institutes looking at solutions to address everything from pilferage to theft and terrorism. This has created increase in demand for video surveillance solutions in BFSI sector. Video surveillance solution are generally deployed to protect employees and company assets.
- Access Control:
Access control is deployed in both physical as well as information security. Access control systems seamlessly work against any unauthorized access. Access control solutions includes web-based access control, managed access control, control panel, visitor management systems, readers, and credentials.
- Intrusion and Fire Detection:
Intrusion detection systems inspect all the inner and outer network activities and identifies suspicious pattern to indicate someone is attempting to break into the system. Fire detection system is a combination of number devices that are seamlessly working to warn people from any threat of fire.
- Physical Security Information Management (PSIM):
Physical security information management is a software that act as a standalone platform that integrate multiple unconnected security application and devices and control them from one comprehensive user interface.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
BFSI Security Market Manufacturers
BFSI Security Market Distributors/Traders/Wholesalers
BFSI Security Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the BFSI Security Market Report:
- The BFSI Security Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the BFSI Security Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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