Allied Market Research

Cyber Security in BFSI Market Will Expand Rapidly in the Coming Decade as Per Report


Portland, OR -- (SBWIRE) -- 10/10/2017 -- Cyber threats are web-based threats, which includes identity thefts and data thefts, which disrupt IT systems in organizations and hack critical information by using spyware, malware, or by phishing. Cybersecurity solutions help organizations in the BFSI sector to detect, report, monitor, and counter cyber threats while maintaining the confidentiality of information systems. BFSI industry is taking a number of steps to safeguard their IT infrastructure and they continue to be challenged by the pace of innovation and rise in sophistication of the attacks. The number of organizations in the BFSI sector adopts cybersecurity solutions to protect important information stored on a PC or in any digital memory device.

Increase in risk of data loss as the customer preferences shifted towards digital platforms drive the Cyber Security in BFSI Market. In addition, the rise in adoption of cloud-based security solutions, stringent government regulations, and increased use of mobile devices propel the growth of the market. However, the high cost of implementation, lack of effective security solutions, and integration issues limit the growth of the market. Furthermore, the emergence of customized solutions, integrated packages, and biometrics, as well as cybersecurity solutions based on Internet of Things (IoT), is expected to provide numerous opportunities for the market.

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Cyber Security in BFSI Market Report Key Benefits:

-The study provides an in-depth analysis of the global cyber security in BFSI market and current & future trends to elucidate the imminent investment pockets.
-Information about key drivers restrains, and opportunities are provided.
-Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
-The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

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Cyber Security in BFSI Market Key Segments:

By End User

-Insurance Companies
-Other Financial Institutions

By Deployment Type

-Hybrid Models

By Product Type

oDisaster Recovery

oRisk & Threat Assessment

By Region

-North America

Key Market Players Profiled in The Report:

-Trend Micro Inc.
-Symantec Corporation
-CSC Computer Sciences Limited
-BAE Systems.
-Booz Allen Hamilton Inc.
-IBM Corporation
-The 41st Parameter, Inc.
-FireEye, Inc.
-Check Point Software Technologies Ltd.
-Skybox Security, Inc.

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