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Global BFSI Security Market 2016-2020

Global BFSI Security Market 2016-2020

About BFSI Security

Cyber security solutions help organizations maintain data confidentiality by monitoring, detecting, reporting, and countering cyber threats. These solutions can be deployed as on-premises, cloud-based, or hybrid models. Cyber threats are web-based threats that include identity and data theft. These cyber threats disrupt IT systems and hack critical information by using malware or spyware or by phishing. Given the increase in global internet use, the adoption of cyber security solutions will grow. In addition, the use of wireless networks for mobile devices like smartphones, tablets, and laptops has made their IT systems vulnerable to cyber attacks. IT systems have become more vulnerable to cyber attacks with the adoption of cloud-based services and emergence of IoT.

Technavio’s analysts forecast the global BFSI security market to grow at a CAGR of 13.39% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global BFSI security market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sale of physical and cyber security solutions adopted in the BFSI sector, which includes the following:

  • Physical security components
  • Cyber security software suites
  • Identity and access management (IAM) services
The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global BFSI Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors


    Top offerings for physical security
  • Axis Communications
  • Bosch Security Systems
  • Honeywell Security
Top offerings for cyber security
  • IBM
  • McAfee
  • Symantec
  • Other prominent vendors
    • Arecont Vision
    • Assa Abloy
    • Avigilon
    • AxxonSoft
    • Check Point Software Technologies
    • CNL Software
    • Crewe Fox
    • CSC
    • EMC
    • Experian
    • F-Secure
    • Fortinet
    • Genetec
    • H3C Technologies
    • Hewlett-Packard Enterprise
    • Juniper Networks
    • Kaspersky Lab
    • March Networks
    • MOBOTIX
    • Panasonic
    • Qognify
    • Safran
    • Salient Systems
    • Samsung Techwin
    • Skybox Security
    • Sophos
    • ThreatMetrix
    • Tyco
    • Verint Systems
    • videoNEXT
    • VidSys
    Market driver
    • Adoption of cloud-based services
    • For a full, detailed list, view our report
    Market challenge
    • Issues with integration
    • For a full, detailed list, view our report
    Market trend
    • Growing adoption of IP-based video surveillance solutions
    • For a full, detailed list, view our report
    Key questions answered in this report
    • What will the market size be in 2020 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Global BFSI Security Market 2016-2020

    Technavio recognizes the following companies as the key players in the Global BFSI Security Market: Top offerings for physical security - Axis Communications, Bosch Security Systems, and Honeywell Security. Top offerings for cyber security – IBM, McAfee, and Symantec.

    Other Prominent Vendors in the market are: Arecont Vision, Assa Abloy, Avigilon, AxxonSoft, Check Point Software Technologies, CNL Software, Crewe Fox, CSC, EMC, Experian, F-Secure, Fortinet, Genetec, H3C Technologies, Hewlett-Packard Enterprise, Juniper Networks, Kaspersky Lab, March Networks, MOBOTIX, Panasonic, Qognify, Safran, Salient Systems, Samsung Techwin, Skybox Security, Sophos, ThreatMetrix, Tyco, Verint Systems, videoNEXT, and VidSys.

    Commenting on the report, an analyst from Technavio’s team said: “An IP video surveillance system includes a number of components including cameras, video recorders, and storage devices. Private and public financial institutions are starting to use high-definition (HD) cameras, as they have high-quality imaging and 180 days of video storage. IP cameras are inexpensive when compared to analog cameras, and they offer advantages such as scalability and flexibility.”

    According to the report, cloud-based services are being adopted rapidly for authentication processes, video management systems, and storing biometrics information. Banks are storing their confidential data on the cloud, which makes it important to secure such confidential data from unauthorized access. The adoption of cloud-based services is increasing more rapidly in small and medium-sized enterprises (SMEs) compared to large enterprises as cloud-based services work on a pay-per-use model.

    Further, the report states that many organizations face integration issues while implementing new cyber security and physical security solutions. These solutions may not be compatible with the existing setup of an organization. Though most of the available security solutions are independent, they may face issues while trying to integrate with other security solutions.

    Companies Mentioned

    op offerings for physical security - Axis Communications, Bosch Security Systems, and Honeywell Security. Top offerings for cyber security – IBM, McAfee, Symantec, Arecont Vision, Assa Abloy, Avigilon, AxxonSoft, Check Point Software Technologies, CNL Software, Crewe Fox, CSC, EMC, Experian, F-Secure, Fortinet, Genetec, H3C Technologies, Hewlett-Packard Enterprise, Juniper Networks, Kaspersky Lab, March Networks, MOBOTIX, Panasonic, Qognify, Safran, Salient Systems, Samsung Techwin, Skybox Security, Sophos, ThreatMetrix, Tyco, Verint Systems, videoNEXT, VidSys.

    • Executive summary
      • Highlights
    • Scope of the report
      • Market overview
      • Top offerings for physical security
        • Table Products, services, and solutions for physical security
      • Top offerings for cyber security
        • Table Products, services, and solutions for cyber security
    • Market research methodology
      • Research methodology
      • Economic indicators
    • Introduction
      • Key market highlights
    • Types of cyber threats
      • Components of physical security
      • Cyber security solutions
      • Cyber attacks in 2015
        • Table Cyber attacks in 2015
      • Cyber attacks by geography in 2015
        • Table Cyber attacks by geography in 2015
      • Implementation of cyber security solutions
        • Table Implementation of cyber security solutions
      • Applications of BFSI security solutions
    • Market landscape
      • Market overview
        • Table Global BFSI security market
      • Market size and forecast
        • Table Global BFSI security market 2015-2020 ($ billions)
    • Life cycle analysis
      • Table Life cycle analysis
    • Recent developments
      • IoT
      • SSO
      • Adoption of hybrid services
    • Market segmentation by technology
      • Global BFSI security market by technology segmentation 2015-2020
        • Table Global BFSI security market by technology segmentation 2015-2020
      • Global BFSI security market by physical security
        • Table Global BFSI security market by physical security 2015-2020 ($ billions)
      • Global BFSI security market by cyber security
        • Table Global BFSI security market by cyber security 2015-2020 ($ billions)
    • Market segmentation of physical security by components
      • Market segmentation of physical security market in BFSI sector by components
        • Table Market segmentation of physical security in BFSI sector by components 2015-2020
      • Global physical security market in BFSI sector by surveillance systems
        • Table Global physical security market in BFSI sector by surveillance systems 2015-2020($ billions)
      • Global physical security market in BFSI sector by access control systems
        • Table Global physical security market in BFSI sector by access control systems 2015-2020 ($ billions)
      • Global physical security market in BFSI sector by cloud-based services
        • Table Global physical security market in BFSI sector by cloud-based services 2015-2020 ($ billions)
      • Global physical security market in BFSI sector by physical security software
        • Table Global physical security market in BFSI sector by physical security software 2015-2020 ($ millions)
    • Market segmentation of cyber security by solutions
      • Market segmentation of cyber security market in BFSI sector by solutions
        • Table Market segmentation of cyber security market in BFSI sector by solutions 2015-2020
      • Global cyber security market in BFSI sector by IAM
        • Table Global cyber security market in BFSI sector by IAM 2015-2020 ($ billions)
      • Global cyber security market in BFSI sector by endpoint security
        • Table Global cyber security market in BFSI sector by endpoint security 2015-2020 ($ billions)
      • Global cyber security market in BFSI sector by UTM
        • Table Global cyber security market in BFSI sector by UTM 2015-2020 ($ billions)
    • Geographical segmentation
      • Global BFSI security market by geographical segmentation 2015-2020
        • Table Global BFSI security market by geographical segmentation 2015-2020
      • Global BFSI security market by geographical segmentation 2015-2020 (revenue)
        • Table Global BFSI security market by geographical segmentation 2015-2020 ($ billions)
    • Buying criteria
      • Table Buying criteria
    • Market drivers
      • Adoption of cloud-based services
      • Shift from analog to IP cameras
        • Table Shift from Analog to IP Cameras
      • Implementation of BYOD policy
      • Stringent government regulations
    • Impact of drivers
      • Table Impact of drivers
    • Market challenges
      • High TCO of security solutions
      • Issues with integration
      • Lack of efficient security solutions
      • Complex IT infrastructure
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges
    • Market trends
      • Growing adoption of IP-based video surveillance solutions
      • Increased availability of integrated security solutions
      • Emergence of customized solutions and integrated packages
      • Emergence of biometrics
    • Five forces model
      • Table Five forces model
    • Vendor landscape
      • Competitive scenario
      • Vendors providing physical security solutions
        • Table Competitive rating
      • Vendors providing cyber security solutions
        • Table Competitive rating
      • Other prominent vendors
      • BAE Systems
      • Check Point
      • Computer Sciences Corporation (CSC)
      • EMC
      • NICE Systems
      • Sophos
    • Appendix
      • List of abbreviations
    • Explore Technavio

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