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BFSI Security Market by Information Security Global Forecast to 2020 Now Available at iData Insights

News   •   Dec 16, 2015 15:03 IST

The Banking, Financial Service, and Insurance (BFSI) security market size is estimated to grow from USD 25.61 Billion in 2015 to USD 44.38 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 11.6% from 2015 to 2020. The banking and financial industry is continuously visualizing global terrorism, regional instability, transcontinental criminal networks, physical risks, modern threats originating from opaque sources, cyber sabotage, and espionage that are destabilizing the critical infrastructure. Thereafter, the demand for security compliance management in accordance with federal and state regulations to implement solutions that protect the framework, data, and intellectual property is growing in the BFSI sector. The report aims at estimating the market size and future growth potential of the BFSI security market across different segments, such as system and components, services, sub-verticals, and regions. The base year considered for the study is 2014 and the forecast period considered is from 2015 to 2020. With the exponential growth and sophistication of cyber-attacks in BFSI sector in the last few years, the demand for security solutions and services has grown to protect the huge confidential data of the BFSI institutions and due to this the overall market is expected to gain traction in next the five years. The research methodology used to estimate and forecast the BFSI security market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, Directors, and Executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments.

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Table of Contents

1 Introduction (Page No. - 15)

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodology (Page No. - 18)

2.1 Introduction

2.1.1 Secondary Data

2.1.1.1 Key Data From Secondary Sources

2.1.2 Primary Data

2.1.2.1 Key Data From Primary Sources

2.1.2.2 Key Industry Insights

2.1.2.3 Breakdown of Primaries

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.3 Market Breakdown and Data Triangulation

2.4 Research Assumptions and Limitations

2.4.1 Assumptions

2.4.2 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)

4.1 Attractive Market Opportunities

4.2 BFSI Security Market, By Sub-Vertical, 20152020

4.3 BFSI Security, Europe: Physical Security Solution vs Information Security Solution

4.4 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 34)

5.1 Introduction

5.2 Evolution

5.3 Market Segmentation

5.3.1 By Type

5.3.1.1 Physical Security Market

5.3.1.1.1 By System and Component

5.3.1.1.2 By Service

5.3.1.2 Information Security Market

5.3.1.2.1 By System and Component

5.3.1.2.2 By Service

5.3.2 By SubVertical

5.3.3 By Region

5.4 Market Dynamics

5.4.1 Drivers

5.4.1.1 Enforcement for Regulatory Security Compliance

5.4.1.2 Increasing Risk of Sophisticated Threats Against Critical Infrastructure

5.4.1.3 Growing Internet of Things (IoT) Market

5.4.2 Restraints

5.4.2.1 Insecure Endpoints and Complexity of Data

5.4.2.2 Lack of Correlation Among Security Solutions

5.4.3 Opportunities

5.4.3.1 Heavy Merger and Acquisition Activities Across the BFSI Sector

5.4.3.2 Continual Increase in Demand for BFSI-Centric Solutions

5.4.3.3 Increased Spending on Cyber Security

5.4.4 Challenges

5.4.4.1 Lack of Knowledge About Security Products and Services

5.5 Burning Issues

6 Industry Trends (Page No. - 45)

6.1 BFSI Security: Value Chain Analysis

6.2 Porters Five Forces Analysis

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Buyers

6.2.3 Threat of Substitutes

6.2.4 Bargaining Power of Suppliers

6.2.5 Intensity of Competitive Rivalry

7 BFSI Security Market Analysis, By Security Type (Page No. - 48)

7.1 Introduction

7.2 Physical Security

7.3 Information Security

8 BFSI Physical Security Market Analysis, By System and Components and By Service (Page No. - 52)

8.1 Introduction

8.2 System and Components

8.2.1 Video Surveillance

8.2.2 Access Control

8.2.3 Intrusion and Fire Detection

8.2.4 Physical Security Information Management (PSIM)

8.3 Services

8.3.1 System Integration

8.3.2 Maintenance and Support

8.3.3 Design and Consulting

9 BFSI Information Security Market Analysis, By System and Component and By Service (Page No. - 63)

9.1 Introduction

9.2 System and Components

9.2.1 Identity and Access Management

9.2.2 Risk and Compliance Management

9.2.3 Encryption

9.2.4 Disaster Recovery

9.2.5 Unified Threat Management (UTM)

9.2.6 Firewall

9.2.7 DDOS Mitigation

9.2.8 Security and Vulnerability Management

9.2.9 Intrusion Detection System/Intrusion Prevention System (IDS/IPS)

9.2.10 Data Loss Protection (DLP)

9.2.11 Antivirus and Anti-Malware

9.2.12 Web Filtering

9.2.13 Others

9.3 Services

9.3.1 Consulting

9.3.2 Design and Integration

9.3.3 Risk and Threat Assessment

9.3.4 Managed Security Services

9.3.5 Training and Education

10 BFSI Security Market Analysis, By Sub-Vertical (Page No. - 81)

10.1 Introduction

10.2 Banking

10.3 Insurance Companies

10.4 Other Financial Institutions

11 Geographic Analysis (Page No. - 86)

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia-Pacific

11.5 Middle East and Africa

11.6 Latin America

12 Competitive Landscape (Page No. - 112)

12.1 Overview

12.2 Competitive Situation and Trends

12.2.1 New Product Launches

12.2.2 Partnerships, Agreements, and Collaborations

12.2.3 Mergers and Acquisitions

12.2.4 Expansions

13 Company Profiles (Page No. - 119)

13.1 Introduction

(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*

13.2 Booz Allen Hamilton, Inc.

13.3 Cisco Systems, Inc.

13.4 CSC

13.5 EMC Corporation

13.6 Honeywell International, Inc.

13.7 IBM Corporation

13.8 Mcafee, Inc. (Intel Security Group)

13.9 Sophos Group PLC.

13.10 Symantec Corporation

13.11 Trend Micro Incorporated

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 159)

14.1 Discussion Guide

14.2 Introducing RT: Real-Time Market Intelligence

14.3 Available Customizations

14.4 Related Reports

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