Global BFSI Security Market to Reach $199.2 Billion by 2030
The global market for BFSI Security estimated at US$87.2 Billion in the year 2023, is expected to reach US$199.2 Billion by 2030, growing at a CAGR of 12.5% over the period 2023-2030. Information Security, one of the segments analyzed in the report, is expected to record 13.3% CAGR and reach US$131.6 Billion by the end of the analysis period. Growth in the Physical Security segment is estimated at 11.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $22.6 Billion, While China is Forecast to Grow at 16.5% CAGR
The BFSI Security market in the U.S. is estimated at US$22.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$48.5 Billion by the year 2030 trailing a CAGR of 16.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 10.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.
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