Banking, Financial Services and Insurance (BFSI) Security Market Size-By Type, By Verticals, By Enterprise Size, By Services-Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Banking, Financial Services and Insurance (BFSI) Security Market Overview:
According to SPER Market Research, the Global BFSI Market is estimated to reach USD 220.39 billion by 2032 with a CAGR of 13.45%. Businesses that provide a range of financial products and services are referred to as providing banking, financial services, and insurance (BFSI) in the industry jargon. This comprises businesses that work in one or more of these financial industries as well as universal banks that offer a range of financial services. The BFSI sector includes insurance companies, commercial banks, non-banking financial institutions, cooperatives, pension funds, mutual funds, and other smaller financial institutions.
Impact of COVID-19 on the Global BFSI Market
Due to the global increase in the use and consumption of online and digitalized financial services, the COVID-19 pandemic has a substantial impact on the BFSI security market. Additionally, numerous countries have implemented lockdowns to stop the spread of the virus; as a result, BFSI security providers are gaining pace during the pandemic crisis and are progressively offering software-as-a-services under security platforms.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Verticals, By Enterprise Size, By Services.
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered
Booz Allen Hamilton Inc., Broadcom, Cisco Systems Inc., DXC Technology Company, FireEye Inc, Fortinet Inc, Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huntsman International LLC.
Global BFSI Market Segmentation:
By Type: Based on the Type, Global BFSI Market is segmented as; Physical Security, Virtual Security.
By Verticals: Based on the Verticals, Global BFSI Market is segmented as; Banking, Insurance Companies.
By Enterprise Size: Based on the Enterprise Size, Large Enterprises and Small & Medium Enterprises (SMEs)
By Services: Based on the Services, Global BFSI Market is segmented as; System Integration, Maintenance, Support.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER’s internal database
- 2.1.4 Premium insight from KOL’s
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global BFSI Security Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4. Heat map analysis
- 6. Competitive Landscape
- 6.1 Global BFSI Security Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global BFSI Security Market
- 7. Global BFSI Security Market, By Type, 2019-2032 (USD Million)
- 7.1 Physical Security
- 7.2 Virtual Security
- 8. Global BFSI Security Market, By Verticals, 2019-2032 (USD Million)
- 8.1 Banking
- 8.2 Insurance Companies
- 9. Global BFSI Security Market, By Enterprise Size 2019-2032 (USD Million)
- 9.1 Large Enterprises
- 9.2 Small & Medium Enterprises (SMEs)
- 10. Global BFSI Security Market, By Services, 2019-2032 (USD Million)
- 10.1 System Integration
- 10.2 Maintenance
- 10.3 Support
- 11. Global BFSI Security Market, By Region, 2019-2032 (USD Million)
- 11.1 Global BFSI Security Market Size and Market Share by Region (2019-2025)
- 11.2 Global BFSI Security Market Size and Market Share by Region (2026-2032)
- 11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
- 11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
- 11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
- 11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
- 11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America
- 12.Company Profiles
- 12.1 Booz Allen Hamilton Inc.
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
- 12.2 Broadcom
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
- 12.3 Cisco Systems Inc.,
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
- 12.4 DXC Technology Company
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
- 12.5 FireEye Inc
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
- 12.6 Fortinet Inc.
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
- 12.7 Hewlett Packard Enterprise Development LP
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
- 12.8 Honeywell International Inc.
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
- 12.9 Huntsman International LLC
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
- 12.10 IBM
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments
- 12.11 LogRhythm Inc
- 12.11.1 Company details
- 12.11.2 Financial outlook
- 12.11.3 Product summary
- 12.11.4 Recent developments
- 12.12 Hewlett Packard Enterprise Development LP
- 12.12.1 Company details
- 12.12.2 Financial outlook
- 12.12.3 Product summary
- 12.12.4 Recent developments
- 12.13 LogRhythm Inc.
- 12.13.1 Company details
- 12.13.2 Financial outlook
- 12.13.3 Product summary
- 12.13.4 Recent developments
- 12.14 McAfee
- 12.14.1 Company details
- 12.14.2 Financial outlook
- 12.14.3 Product summary
- 12.14.4 Recent developments
- 12.15 RSA Security LLC
- 12.15.1 Company details
- 12.15.2 Financial outlook
- 12.15.3 Product summary
- 12.15.4 Recent developments
- 12.16 Sophos Group Plc
- 12.16.1 Company details
- 12.16.2 Financial outlook
- 12.16.3 Product summary
- 12.16.4 Recent developments
- 12.17 Trend Micro Incorporated
- 12.17.1 Company details
- 12.17.2 Financial outlook
- 12.17.3 Product summary
- 12.17.4 Recent developments
- 13.List of Abbreviations
- 14.Reference Links
- 15.Conclusion
- 16.Research Scope
Research Assistance
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