BFSI Security Market Size, Share, Analysis, Trends, Growth, 2032
BFSI Security Market - by Security Type (Physical Security (Video Surveillance, Access Control, Intrusion and Fire Detection, System Integration, Physical Security Information Management (PSIM), Maintenance and Support, Design and Consulting), and Information Security (Risk and Compliance Management, Identity and Access Management, Encryption, Unified Threat Management (UTM), Disaster Recovery, Firewall, Data Loss Protection, and Web Filtering)), End-Use (Banking, Financial Services, and Insurance Companies): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 58.38 Billion | USD 171.23 Billion | 12.7% | 2023 |
Table Of Content
- Chapter 1.Preface
- 1.1.Report Description
- 1.2.Report Scope
- Chapter 2.Research Methodology
- 2.1.Research Methodology
- 2.2.Secondary Research
- 2.3.Primary Research
- 2.4.Models
- 2.4.1.Company Share Analysis Model
- 2.4.2.Revenue Based Modeling
- 2.5.Research Limitations
- Chapter 3.Executive Summary
- 3.1.Global BFSI Security Market, 2016 – 2026 (USD Million)
- 3.2.Global BFSI Security Market: Snapshot
- Chapter 4.BFSI Security Market – Industry Analysis
- 4.1.Introduction
- 4.2.Market Drivers
- 4.2.1.Driving Factor 1 Analysis
- 4.2.2.Driving Factor 2 Analysis:
- 4.3.Market Restraints
- 4.3.1.Restraining Factor Analysis
- 4.4.Market Opportunities
- 4.4.1.Market Opportunity & Use-case Analysis
- 4.4.2.Use – Cases for BFSI Security
- 4.5.Porter’s Five Forces Analysis
- 4.6.COVID 19 Impact Analysis
- 4.6.1.1.Impact on Product Development and Technology Adoption
- 4.6.1.2.Gap Analysis
- Chapter 5.Investment Proposition Analysis
- 5.1.Global BFSI Security Market Attractiveness, By Security Type
- 5.2.Global BFSI Security Market Attractiveness, By Physical Security
- 5.3.Global BFSI Security Market Attractiveness, By Information Security
- 5.4.Global BFSI Security Market Attractiveness, By End-Use
- 5.5.Global BFSI Security Market Attractiveness, By Region
- Chapter 6.Competitive Landscape
- 6.1.Company Market Share Analysis - 2019
- 6.1.1.Global BFSI Security Market: Company Market Share, 2019
- 6.2.Strategic Developments
- 7.1.Global BFSI Security Market Overview: by Security Type
- 7.1.1.Global BFSI Security Market Revenue Share, by Security Type, 2019 & 2026
- 7.2.Global BFSI Security Market Analysis/Overview – By Security Type
- 7.2.1.Physical Security – Overview/Analysis
- 7.2.2.Information Security – Overview/Analysis
- 7.3.Physical Security
- 7.3.1.Global BFSI Security Market for Physical Security, Revenue (USD Million) 2016 - 2026
- 7.4.Information Security
- 7.4.1.Global BFSI Security Market for Information Security, Revenue (USD Million) 2016 - 2026
- 8.1.Global BFSI Security Market Overview: by Physical Security
- 8.1.1.Global BFSI Security Market Revenue Share, by Physical Security, 2019 & 2026
- 8.2.Global BFSI Security Market Analysis/Overview – By Physical Security
- 8.2.1.Video Surveillance – Overview/Analysis
- 8.2.2.Access Contrul – Overview/Analysis
- 8.2.3.Intrusion and Fire Detection – Overview/Analysis
- 8.2.4.System Integration – Overview/Analysis
- 8.2.5.Physical Security Information Management (PSIM) – Overview/Analysis
- 8.2.6.Maintenance and Support – Overview/Analysis
- 8.2.7.Design and Consulting – Overview/Analysis
- 8.3.Video Surveillance
- 8.3.1.Global BFSI Security Market for Video Surveillance, Revenue (USD Million) 2016 - 2026
- 8.4.Access Contrul
- 8.4.1.Global BFSI Security Market for Access Contrul, Revenue (USD Million) 2016 - 2026
- 8.5.Intrusion and Fire Detection
- 8.5.1.Global BFSI Security Market for Intrusion and Fire Detection, Revenue (USD Million) 2016 - 2026
- 8.6.System Integration
- 8.6.1.Global BFSI Security Market for System Integration, Revenue (USD Million) 2016 - 2026
- 8.7.Physical Security Information Management (PSIM)
- 8.7.1.Global BFSI Security Market for Physical Security Information Management (PSIM), Revenue (USD Million) 2016 - 2026
- 8.8.Maintenance and Support
- 8.8.1.Global BFSI Security Market for Maintenance and Support, Revenue (USD Million) 2016 - 2026
- 8.9.Design and Consulting
- 8.9.1.Global BFSI Security Market for Design and Consulting, Revenue (USD Million) 2016 - 2026
- 9.1.Global BFSI Security Market Overview: by Information Security
- 9.1.1.Global BFSI Security Market Revenue Share, by Information Security, 2019 & 2026
- 9.2.Global BFSI Security Market Analysis/Overview – By Information Security
- 9.2.1.Risk and Compliance Management – Overview/Analysis
- 9.2.2.Identity and Access Management – Overview/Analysis
- 9.2.3.Encryption – Overview/Analysis
- 9.2.4.Unified Threat Management (UTM) – Overview/Analysis
- 9.2.5.Disaster Recovery – Overview/Analysis
- 9.2.6.Firewall – Overview/Analysis
- 9.2.7.Data Loss Protection – Overview/Analysis
- 9.2.8.Web Filtering – Overview/Analysis
- 9.3.Risk and Compliance Management
- 9.3.1.Global BFSI Security Market for Risk and Compliance Management, Revenue (USD Million) 2016 - 2026
- 9.4.Identity and Access Management
- 9.4.1.Global BFSI Security Market for Identity and Access Management, Revenue (USD Million) 2016 - 2026
- 9.5.Encryption
- 9.5.1.Global BFSI Security Market for Encryption, Revenue (USD Million) 2016 - 2026
- 9.6.Unified Threat Management (UTM)
- 9.6.1.Global BFSI Security Market for Unified Threat Management (UTM), Revenue (USD Million) 2016 - 2026
- 9.7.Disaster Recovery
- 9.7.1.Global BFSI Security Market for Disaster Recovery, Revenue (USD Million) 2016 - 2026
- 9.8.Firewall
- 9.8.1.Global BFSI Security Market for Firewall, Revenue (USD Million) 2016 - 2026
- 9.9.Data Loss Protection
- 9.9.1.Global BFSI Security Market for Data Loss Protection, Revenue (USD Million) 2016 - 2026
- 9.1.Web Filtering
- 9.10.1.Global BFSI Security Market for Web Filtering, Revenue (USD Million) 2016 - 2026
- 10.1.Global BFSI Security Market Overview: by End-Use
- 10.1.1.Global BFSI Security Market Revenue Share, by End-Use, 2019 & 2026
- 10.2.Global BFSI Security Market Analysis/Overview – By End-Use
- 10.2.1.Banking – Overview/Analysis
- 10.2.2.Financial Services – Overview/Analysis
- 10.2.3.Insurance Companies – Overview/Analysis
- 10.3.Banking
- 10.3.1.Global BFSI Security Market for Banking, Revenue (USD Million) 2016 - 2026
- 10.4.Financial Services
- 10.4.1.Global BFSI Security Market for Financial Services, Revenue (USD Million) 2016 - 2026
- 10.5.Insurance Companies
- 10.5.1.Global BFSI Security Market for Insurance Companies, Revenue (USD Million) 2016 - 2026
- 6.1.Company Market Share Analysis - 2019
- Chapter 11.BFSI Security Market – Regional Analysis
- 11.1.Global BFSI Security Market: Regional Overview
- 11.1.1.Global BFSI Security Market Revenue Share, by Region, 2019 & 2026
- 11.1.2.Global BFSI Security Market Revenue, by Region, 2016 – 2026 (USD Million)
- 11.2.North America
- 11.2.1.North America BFSI Security Market Revenue, 2016 - 2026 (USD Million)
- 11.2.2.North America BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.2.3.North America BFSI Security Market Revenue, by Security Type, 2016 – 2026
- 11.2.4.North America BFSI Security Market Revenue, by Physical Security, 2016 – 2026
- 11.2.5.North America BFSI Security Market Revenue, by Information Security, 2016 – 2026
- 11.2.6.North America BFSI Security Market Revenue, by End-Use, 2016 – 2026
- 11.2.7. U.S.
- 11.2.8.Canada
- 11.3.Europe
- 11.3.1.Europe BFSI Security Market Revenue, 2016 - 2026 (USD Million)
- 11.3.2.Europe BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.3.3.Europe BFSI Security Market Revenue, by Security Type, 2016 – 2026
- 11.3.4.Europe BFSI Security Market Revenue, by Physical Security, 2016 – 2026
- 11.3.5.Europe BFSI Security Market Revenue, by Information Security, 2016 – 2026
- 11.3.6.Europe BFSI Security Market Revenue, by End-Use, 2016 – 2026
- 11.3.7.Germany
- 11.3.8.France
- 11.3.9. U.K.
- 11.3.10.Italy
- 11.3.11.Spain
- 11.3.12.Rest of Europe
- 11.4.Asia Pacific
- 11.4.1.Asia Pacific BFSI Security Market Revenue, 2016 - 2026 (USD Million)
- 11.4.2.Asia Pacific BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.4.3.Asia Pacific BFSI Security Market Revenue, by Security Type, 2016 – 2026
- 11.4.4.Asia Pacific BFSI Security Market Revenue, by Physical Security, 2016 – 2026
- 11.4.5.Asia Pacific BFSI Security Market Revenue, by Information Security, 2016 – 2026
- 11.4.6.Asia Pacific BFSI Security Market Revenue, by End-Use, 2016 – 2026
- 11.4.7.China
- 11.4.8.Japan
- 11.4.9.India
- 11.4.10.South Korea
- 11.4.11.South-East Asia
- 11.4.12.Rest of Asia Pacific
- 11.5.Latin America
- 11.5.1.Latin America BFSI Security Market Revenue, 2016 - 2026 (USD Million)
- 11.5.2.Latin America BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.5.3.Latin America BFSI Security Market Revenue, by Security Type, 2016 – 2026
- 11.5.4.Latin America BFSI Security Market Revenue, by Physical Security, 2016 – 2026
- 11.5.5.Latin America BFSI Security Market Revenue, by Information Security, 2016 – 2026
- 11.5.6.Latin America BFSI Security Market Revenue, by End-Use, 2016 – 2026
- 11.5.7.Brazil
- 11.5.8.Mexico
- 11.5.9.Rest of Latin America
- 11.6.The Middle-East and Africa
- 11.6.1.The Middle-East and Africa BFSI Security Market Revenue, 2016 - 2026 (USD Million)
- 11.6.2.The Middle-East and Africa BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.6.3.The Middle-East and Africa BFSI Security Market Revenue, by Security Type, 2016 – 2026
- 11.6.4.The Middle-East and Africa BFSI Security Market Revenue, by Physical Security, 2016 – 2026
- 11.6.5.The Middle-East and Africa BFSI Security Market Revenue, by Information Security, 2016 – 2026
- 11.6.6.The Middle-East and Africa BFSI Security Market Revenue, by End-Use, 2016 – 2026
- 11.6.7.GCC Countries
- 11.6.8.South Africa
- 11.6.9.Rest of Middle-East Africa
- 11.1.Global BFSI Security Market: Regional Overview
- Chapter 12.Company Profiles
- 12.1.Computer Sciences Corporation (CSC)
- 12.1.1.Company Overview
- 12.1.2.Financial Overview
- 12.1.3.Product Portfolio
- 12.1.4.Business Strategy
- 12.1.5.Recent Developments
- 12.2.Booz Allen Hamilton Inc.
- 12.3.EMC Corporation
- 12.4.Honeywell International, Inc.
- 12.5.Cisco Systems Inc.
- 12.6.Mcafee, Inc.
- 12.7.IBM Corporation
- 12.8.Symantec Corporation
- 12.9.Sophos Group PLC
- 12.1.Trend Micro Incorporated
- 12.1.Computer Sciences Corporation (CSC)
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global BFSI Security Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global BFSI Security Market
FIG. 6 Global BFSI Security Market Attractiveness, By Security Type
FIG. 7 Global BFSI Security Market Attractiveness, By Physical Security
FIG. 8 Global BFSI Security Market Attractiveness, By Information Security
FIG. 9 Global BFSI Security Market Attractiveness, By End-Use
FIG. 10 Global BFSI Security Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global BFSI Security Market Revenue Share, by Security Type, 2019 & 2026
FIG. 13 Global BFSI Security Market for Physical Security, Revenue (USD Million) 2016 - 2026
FIG. 14 Global BFSI Security Market for Information Security, Revenue (USD Million) 2016 - 2026
FIG. 15 Global BFSI Security Market Revenue Share, by Physical Security, 2019 & 2026
FIG. 16 Global BFSI Security Market for Video Surveillance, Revenue (USD Million) 2016 - 2026
FIG. 17 Global BFSI Security Market for Access Control, Revenue (USD Million) 2016 - 2026
FIG. 18 Global BFSI Security Market for Intrusion and Fire Detection, Revenue (USD Million) 2016 - 2026
FIG. 19 Global BFSI Security Market for System Integration, Revenue (USD Million) 2016 - 2026
FIG. 20 Global BFSI Security Market for Physical Security Information Management (PSIM), Revenue (USD Million) 2016 - 2026
FIG. 21 Global BFSI Security Market for Maintenance and Support, Revenue (USD Million) 2016 - 2026
FIG. 22 Global BFSI Security Market for Design and Consulting, Revenue (USD Million) 2016 - 2026
FIG. 23 Global BFSI Security Market Revenue Share, by Information Security, 2019 & 2026
FIG. 24 Global BFSI Security Market for Risk and Compliance Management, Revenue (USD Million) 2016 - 2026
FIG. 25 Global BFSI Security Market for Identity and Access Management, Revenue (USD Million) 2016 - 2026
FIG. 26 Global BFSI Security Market for Encryption, Revenue (USD Million) 2016 - 2026
FIG. 27 Global BFSI Security Market for Unified Threat Management (UTM), Revenue (USD Million) 2016 - 2026
FIG. 28 Global BFSI Security Market for Disaster Recovery, Revenue (USD Million) 2016 - 2026
FIG. 29 Global BFSI Security Market for Firewall, Revenue (USD Million) 2016 - 2026
FIG. 30 Global BFSI Security Market for Data Loss Protection, Revenue (USD Million) 2016 - 2026
FIG. 31 Global BFSI Security Market for Web Filtering, Revenue (USD Million) 2016 - 2026
FIG. 32 Global BFSI Security Market Revenue Share, by End-Use, 2019 & 2026
FIG. 33 Global BFSI Security Market for Banking, Revenue (USD Million) 2016 - 2026
FIG. 34 Global BFSI Security Market for Financial Services, Revenue (USD Million) 2016 - 2026
FIG. 35 Global BFSI Security Market for Insurance Companies, Revenue (USD Million) 2016 - 2026
FIG. 36 Global BFSI Security Market Revenue Share, by Region, 2019 & 2026
FIG. 37 North America BFSI Security Market Revenue, 2016 - 2026 (USD Million)
FIG. 38 Europe BFSI Security Market Revenue, 2016 - 2026 (USD Million)
FIG. 39 Asia Pacific BFSI Security Market Revenue, 2016 - 2026 (USD Million)
FIG. 40 Latin America BFSI Security Market Revenue, 2016 - 2026 (USD Million)
FIG. 41 The Middle-East and Africa BFSI Security Market Revenue, 2016 - 2026 (USD Million)
FIG. 42 Computer Sciences Corporation (CSC) Business Segment Revenue Share, 2018 (%)
FIG. 43 Computer Sciences Corporation (CSC) Geographical Segment Revenue Share, 2018 (%)
Table Of Tables
List of Tables
TABLE 1 Global BFSI Security Market: Snapshot
TABLE 2 Drivers of the BFSI Security Market: Impact Analysis
TABLE 3 Restraints for the BFSI Security Market: Impact Analysis
TABLE 4 Global BFSI Security Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America BFSI Security Market Revenue, by Security Type, 2016 – 2026 (USD Million)
TABLE 7 North America BFSI Security Market Revenue, by Physical Security, 2016 – 2026 (USD Million)
TABLE 8 North America BFSI Security Market Revenue, by Information Security, 2016 – 2026 (USD Million)
TABLE 9 North America BFSI Security Market Revenue, by End-Use, 2016 – 2026 (USD Million)
TABLE 10 Europe BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 11 Europe BFSI Security Market Revenue, by Security Type, 2016 – 2026 (USD Million)
TABLE 12 Europe BFSI Security Market Revenue, by Physical Security, 2016 – 2026 (USD Million)
TABLE 13 Europe BFSI Security Market Revenue, by Information Security, 2016 – 2026 (USD Million)
TABLE 14 Europe BFSI Security Market Revenue, by End-Use, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific BFSI Security Market Revenue, by Security Type, 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific BFSI Security Market Revenue, by Physical Security, 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific BFSI Security Market Revenue, by Information Security, 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific BFSI Security Market Revenue, by End-Use, 2016 – 2026 (USD Million)
TABLE 20 Latin America BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 21 Latin America BFSI Security Market Revenue, by Security Type, 2016 – 2026 (USD Million)
TABLE 22 Latin America BFSI Security Market Revenue, by Physical Security, 2016 – 2026 (USD Million)
TABLE 23 Latin America BFSI Security Market Revenue, by Information Security, 2016 – 2026 (USD Million)
TABLE 24 Latin America BFSI Security Market Revenue, by End-Use, 2016 – 2026 (USD Million)
TABLE 25 The Middle-East and Africa BFSI Security Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 26 The Middle-East and Africa BFSI Security Market Revenue, by Security Type, 2016 – 2026 (USD Million)
TABLE 27 The Middle-East and Africa BFSI Security Market Revenue, by Physical Security, 2016 – 2026 (USD Million)
TABLE 28 The Middle-East and Africa BFSI Security Market Revenue, by Information Security, 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa BFSI Security Market Revenue, by End-Use, 2016 – 2026 (USD Million)
Methodology
FrequentlyAsked Questions
Growing digitalization and rise in shifting interest towards the utilization of online financial transactions rather than the conventional banking and financial process is a predominant force of the market. Moreover, the surging demand for cloud-based security solutions at BFSI sector owing to the advancement in the technology is a major driving force in the market
According to Zion Market Research, the global BFSI Security Market was worth USD 58.38 Billion in 2023. The market is forecast to reach USD 171.23 Billion by 2032, growing at a compound annual growth rate (CAGR) of 12.7% during the forecast period 2024-2032.
North America led the market of BFSI security owing to the increase in the cyber-attacks especially in the U.S. market. Growing implementation for cyber security solution in the banking sectors is likely to boost BFSI security market in the region over the upcoming years.
Some main participants of the BFSI Security market are Computer Sciences Corporation (CSC), Booz Allen Hamilton Inc., EMC Corporation, Honeywell International, Inc., Cisco Systems Inc., and Mcafee, Inc. Other key players influencing the global market are IBM Corporation, Symantec Corporation, Sophos Group PLC, and Trend Micro Incorporated., among others.
On the basis of the type of security, the global BFSI security market is segmented as physical security and information security. The physical security segment is further sub-segmented as video surveillance, access control, intrusion and fire detection, system integration, physical security information management (PSIM), maintenance and support, and design and consulting. The information security segment is further sub-segmented as risk and compliance management, identity and access management, encryption, unified threat management (UTM), disaster recovery, firewall, data loss protection, and web filtering. Further on the basis of end-use, the global BFSI security market is segmented as banking, financial services, and insurance companies.
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