Knowledge Sourcing Intelligence announces the publication of a new report on “BFSI Security Market - Forecasts from 2018 to 2024" to their offering.It can include universal banks that provide a range of financial services or companies that operate in this domain. BSFI security is the method of keeping your financial and other such important details secure and breach free so that your data stays protected at all times.

This report provides forecast and analysis of the security as a service market which is estimated to grow at an impressive CAGR of 9.10%over the forecast period 2018-2024. The market for BFSI security is expected to surge during the forecast period due to increase in a number of data breach incidence in banking and insurance which has led to increased implementation of these solutions. Additionally, there also has been an increase in physical threats which has increased the usage of different solutions such as access control, video surveillance further contributing to the market growth in the forecast period and in the coming years. Also, as the usage of mobile data will increase combined with the increasing usage of cloud based solutions, this will also help boost the market. Geographically, North America holds a significant market share, while the Asia Pacific region is expected to be among the fastest-growing due to increasing number of financial institutions and private banks. Furthermore, with the growing emphasis on following the regulatory and data protection laws and increasing usage of mobile banking applications and platforms where electronic banking can be done is significantly increasing the market demand for BFSI security solutions in the forecast period and in the upcoming years.

Some of the major players covered as part of the report are Bosch Security Systems, Honeywell Security, Booz Allen Hamilton, Computer Sciences Corporation, Symantec, EMC Corporation, Axis Communication, Cisco Systems, IBM, Trend Micro Incorporated, McAfee, and Panasonic among others.

This report segmented the security as a service market on the basis following terms
• By Component
o Access Control Systems
o Cloud-based Services
o Physical Security Software
o Surveillance Systems

• By Type
o Physical Security
 Access Control
 Video Surveillance Fire Detection
 Others

o Cyber Security
 Identity and Access Management
 Encryption
 Disaster Recovery
 Web Filtering
 Others

• By End-User Industry
o Banking & Insurance
o Others

• By Geography
o North America
 U.S.
 Canada
 Mexico
 Others

o South America
 Brazil
 Argentina
 Others

o Europe
 UK
 Germany
 France
 Others

o Middle East and Africa
 Saudi Arabia
 Israel
 Others

o Asia Pacific
 Japan
 China
 India
 Australia
 Others

Purchase complete report or request sample: www.knowledge-sourcing.com/report/bfsi-security-market
Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

Knowledge Sourcing Intelligence LLP
406, 4th Floor, H-140, Sector 63
Noida, U.P., India – 201301
Phone: +1-866-714-4587
E-mail: [email protected]