The “BFSI Security Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the BFSI security market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global BFSI security
market size is anticipated to be USD 74.3 billion by 2025. The market is
projected to register over 13% CAGR from 2019 to 2025. The rise in incidents of
data theft and malware attacks are fuelling the growth of the market. BFSI data
are highly critical and contains personal information of consumers. Therefore,
increasing cyber threats has encouraged financial solution providers to
incorporate safety solutions.
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BFSI payment gateway needs efficient
safety solution in order to prevent any potential breach. Growing cloud
adoption require enhanced safety solution. Owing to the increasing
digitalization in Asia Pacific BFSI industry, the region offers a lucrative
growth opportunity.
The demand for threat
management software and firewall has gained significant traction owing to the
increasing focus on protecting consumer data. Companies have upped their
investment in cybersecurity. Moreover, various governments have introduced
regulations pertaining to data protection, which, in turn, drive the market
growth.
The industry is
characterized by the presence of a large number of companies. Tier 1 companies
account for the significant amount of share in the market. Collaboration and
acquisition are the major strategic initiatives adopted by the market players.
Owing to the dynamic nature of malware attacks, companies have increased their
expenditure on research and development.
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