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Global BFSI Security Growth Opportunities
Global BFSI Security Growth Opportunities
Increased Digitalization and Integration Drive Operational Efficiency
26-Jul-2021
Global
Market Research
Description
The banking, financial services, and insurance (BFSI) security landscape is continuously evolving, presenting numerous challenges for the hundreds of solution providers that compete for attention in the multibillion-dollar market. Most BFSI organizations run their physical and digital security teams in silos, but momentum has increased for security convergence as threats become more multifaceted and security systems become increasingly digitized, connected, and actively integrated. A holistic view of security is becoming a strategic imperative.
The COVID-19 pandemic has significantly changed how people and businesses function, and its effect on the BFSI industry in the past year cannot be understated. The shift to working from home has made personal and corporate banking customers natural targets for attackers, with phishing emails, call center fraud, and infrastructure attacks becoming more common. Although these attacks are not new, the increase is alarming, prompting companies to explore new technologies.
This study examines opportunities for physical security (surveillance, command and control, communication equipment, and screening and detection), cybersecurity (firewalls, antivirus protection, active network detection solutions, and data analytics and storage), and converged security (access control and identity management, risk-averse security services, and managed services) through 2030. It takes a closer look at market drivers and restraints, forecasts revenue for the decade, and lists the top competitors in each of the three market segments. It includes an industry threat and vulnerability analysis, presents selected results from a 2020 Frost & Sullivan information technology decision maker survey, and considers the new technologies that are available or being developed for each market segment.
Author: Shaurya Singh
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Banking, Financial Services, and Insurance (BFSI) Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Market Overview
Market Segmentation
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Product
Revenue Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Region (continued)
Revenue Forecast Analysis by Segment
Competitive Environment
Market Share
Critical Success Factors
IT Decision Maker Survey for the BFSI Industry
IT Decision Maker Survey for the BFSI Industry (continued)
Threat Analysis—Cyber
Threat Analysis—Physical
Vulnerability Analysis
Security Improvement Recommendations
Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast by Region
IT Decision Maker Survey for the BFSI Industry
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Growth Opportunity 1—Transformation to Digital Banking
Growth Opportunity 1—Transformation to Digital Banking (continued)
Growth Opportunity 2—Seamless User Experience at Retail Locations
Growth Opportunity 2—Seamless User Experience at Retail Locations (continued)
Growth Opportunity 3—Advanced Data Analytics
Growth Opportunity 3—Advanced Data Analytics (continued)
Growth Opportunity 4—Securing Human-Cyber Touch Points
Growth Opportunity 4—Securing Human-Cyber Touch Points (continued)
Conclusions
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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Popular Topics
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Shaurya Singh |
| Industries | Aerospace, Defence and Security |
| WIP Number | PBB3-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 99D5-A1 |