Product Code: IRTNTR75915
Banking, Financial Services And Insurance (BFSI) Security Market 2024-2028
The banking, financial services and insurance (BFSI) security market is forecasted to grow by USD 45.03 bn during 2023-2028, accelerating at a CAGR of 12.16% during the forecast period. The report on the banking, financial services and insurance (BFSI) security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in cyber data breaches, growth of online banking industry, and need for regulatory standards in BFSI sector.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 10.5% |
CAGR | 12.16% |
Incremental Value | $45.03 bn |
Technavio's banking, financial services and insurance (BFSI) security market is segmented as below:
By Delivery Mode
By Type
- Phycial security
- Cyber security
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the rise in adoption of internet in BFSI sector as one of the prime reasons driving the banking, financial services and insurance (BFSI) security market growth during the next few years. Also, growing mergers and acquisitions of vendors in market in focus and increasing demand for UHD video surveillance will lead to sizable demand in the market.
The report on the banking, financial services and insurance (BFSI) security market covers the following areas:
- Banking, financial services and insurance (BFSI) security market sizing
- Banking, financial services and insurance (BFSI) security market forecast
- Banking, financial services and insurance (BFSI) security market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading banking, financial services and insurance (BFSI) security market vendors that include Booz Allen Hamilton Holding Corp., Broadcom Inc., Canon Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., DXC Technology Co., Fortinet Inc., Hewlett Packard Enterprise Co., Honeywell International Inc., Intel Corp., International Business Machines Corp., LogRhythm Inc., McAfee LLC, Microsoft Corp., Robert Bosch GmbH, Securonix Inc., Seico Inc., Sophos Ltd., and Trend Micro Inc.. Also, the banking, financial services and insurance (BFSI) security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Delivery Mode
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Banking, Financial Services And Insurance (BFSI) Security Market 2018 - 2022
- Historic Market Size - Data Table on Global Banking, Financial Services And Insurance (BFSI) Security Market 2018 - 2022 ($ billion)
- 4.2 Delivery Mode segment analysis 2018 - 2022
- Historic Market Size - Delivery Mode Segment 2018 - 2022 ($ billion)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Delivery Mode
- 6.1 Market segments
- Chart on Delivery Mode - Market share 2023-2028 (%)
- Data Table on Delivery Mode - Market share 2023-2028 (%)
- 6.2 Comparison by Delivery Mode
- Chart on Comparison by Delivery Mode
- Data Table on Comparison by Delivery Mode
- 6.3 Service - Market size and forecast 2023-2028
- Chart on Service - Market size and forecast 2023-2028 ($ billion)
- Data Table on Service - Market size and forecast 2023-2028 ($ billion)
- Chart on Service - Year-over-year growth 2023-2028 (%)
- Data Table on Service - Year-over-year growth 2023-2028 (%)
- 6.4 Solution - Market size and forecast 2023-2028
- Chart on Solution - Market size and forecast 2023-2028 ($ billion)
- Data Table on Solution - Market size and forecast 2023-2028 ($ billion)
- Chart on Solution - Year-over-year growth 2023-2028 (%)
- Data Table on Solution - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Delivery Mode
- Market opportunity by Delivery Mode ($ billion)
- Data Table on Market opportunity by Delivery Mode ($ billion)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Phycial security - Market size and forecast 2023-2028
- Chart on Phycial security - Market size and forecast 2023-2028 ($ billion)
- Data Table on Phycial security - Market size and forecast 2023-2028 ($ billion)
- Chart on Phycial security - Year-over-year growth 2023-2028 (%)
- Data Table on Phycial security - Year-over-year growth 2023-2028 (%)
- 7.4 Cyber security - Market size and forecast 2023-2028
- Chart on Cyber security - Market size and forecast 2023-2028 ($ billion)
- Data Table on Cyber security - Market size and forecast 2023-2028 ($ billion)
- Chart on Cyber security - Year-over-year growth 2023-2028 (%)
- Data Table on Cyber security - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Booz Allen Hamilton Holding Corp.
- Booz Allen Hamilton Holding Corp. - Overview
- Booz Allen Hamilton Holding Corp. - Product / Service
- Booz Allen Hamilton Holding Corp. - Key offerings
- 12.4 Broadcom Inc.
- Broadcom Inc. - Overview
- Broadcom Inc. - Business segments
- Broadcom Inc. - Key news
- Broadcom Inc. - Key offerings
- Broadcom Inc. - Segment focus
- 12.5 Canon Inc.
- Canon Inc. - Overview
- Canon Inc. - Business segments
- Canon Inc. - Key news
- Canon Inc. - Key offerings
- Canon Inc. - Segment focus
- 12.6 Cisco Systems Inc.
- Cisco Systems Inc. - Overview
- Cisco Systems Inc. - Business segments
- Cisco Systems Inc. - Key news
- Cisco Systems Inc. - Key offerings
- Cisco Systems Inc. - Segment focus
- 12.7 Dell Technologies Inc.
- Dell Technologies Inc. - Overview
- Dell Technologies Inc. - Business segments
- Dell Technologies Inc. - Key news
- Dell Technologies Inc. - Key offerings
- Dell Technologies Inc. - Segment focus
- 12.8 DXC Technology Co.
- DXC Technology Co. - Overview
- DXC Technology Co. - Business segments
- DXC Technology Co. - Key news
- DXC Technology Co. - Key offerings
- DXC Technology Co. - Segment focus
- 12.9 Hewlett Packard Enterprise Co.
- Hewlett Packard Enterprise Co. - Overview
- Hewlett Packard Enterprise Co. - Business segments
- Hewlett Packard Enterprise Co. - Key news
- Hewlett Packard Enterprise Co. - Key offerings
- Hewlett Packard Enterprise Co. - Segment focus
- 12.10 Honeywell International Inc.
- Honeywell International Inc. - Overview
- Honeywell International Inc. - Business segments
- Honeywell International Inc. - Key news
- Honeywell International Inc. - Key offerings
- Honeywell International Inc. - Segment focus
- 12.11 Intel Corp.
- Intel Corp. - Overview
- Intel Corp. - Business segments
- Intel Corp. - Key news
- Intel Corp. - Key offerings
- Intel Corp. - Segment focus
- 12.12 International Business Machines Corp.
- International Business Machines Corp. - Overview
- International Business Machines Corp. - Business segments
- International Business Machines Corp. - Key news
- International Business Machines Corp. - Key offerings
- International Business Machines Corp. - Segment focus
- 12.13 McAfee LLC
- McAfee LLC - Overview
- McAfee LLC - Product / Service
- McAfee LLC - Key offerings
- 12.14 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
- 12.15 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings
- 12.16 Sophos Ltd.
- Sophos Ltd. - Overview
- Sophos Ltd. - Product / Service
- Sophos Ltd. - Key news
- Sophos Ltd. - Key offerings
- 12.17 Trend Micro Inc.
- Trend Micro Inc. - Overview
- Trend Micro Inc. - Product / Service
- Trend Micro Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- Data synthesis
- 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations