The Security Services For BFSI Sector Global Market Report 2023, provides comprehensive information on the security services for bfsi sector market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Security Services For BFSI Sector Market’s Growth:
As per The Business Research Company’s Security Services For BFSI Sector Global Market Report 2023, the market size is expected to grow from $55.35 billion in 2022 to $62.68 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the security services for bfsi sector is expected to grow to $100.27 billion in 2027 at a CAGR of 12.5%.
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Technological advancement is the key trend gaining popularity in the security services for the BFSI sector market. Major companies operating in the security services for the BFSI sector are focusing on developing technologically advanced security services and solutions to strengthen their position. For instance, In July 2021, Tata Communication, an Indian telecommunications company, launched IZOTM Financial Cloud, a customized community cloud platform designed to adhere to the strict data privacy, protection compliance, and security standards established by Indian regulators for the Banking, Financial Services, and Insurance (BFSI) industry. This platform helps create an open financial environment that gives BFSI and FinTechs the groundwork to support cutting-edge digital services. Fulfilling the nation’s data residency laws also enables foreign banks to increase their presence in India.
The security services for bfsi sector market is segmented:
1) By Type: Physical Security, Cyber Security
2) By Services: Managed Services, Professional Services, System Integration, Support And Maintenance, Consulting
3) By Information Security: System, Service
4) By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs)
5) By End Users: Banks, Insurance Companies, Other End Users
North America was the largest region in the security services for bfsi sector market in 2022.
The table of contents in TBRC’s security services for bfsi sector market report includes:
1. Executive Summary
2. Security Services For BFSI Sector Market Characteristics
3. Security Services For BFSI Sector Market Trends And Strategies
4. Security Services For BFSI Sector Market – Macro Economic Scenario
5. Security Services For BFSI Sector Market Size And Growth
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26. Africa Security Services For BFSI Sector Market
27. Security Services For BFSI Sector Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Security Services For BFSI Sector Market
29. Security Services For BFSI Sector Market Future Outlook and Potential Analysis
30. Appendix
Top Majaor Players:
- Booz Allen Hamilton
- Cisco Systems
- Computer Sciences Corporation
- EMC Corporation
- Symantec Corporation
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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