Deerfield Beach, FL -- (SBWIRE) -- 07/24/2015 -- Global Physical Security Market in BFSI 2015-2019

About Physical Security in BFSI
Physical security involves securing an organization's data, hardware, network, and processes that can be damaged by an external agency, which in turn can damage its brand value. There are a number of hardware devices and software that are being adopted by government organizations and enterprises to ensure the physical security of critical data and infrastructure. Increasing instances of criminal activities in recent years are a major reason for the high adoption of physical security measures.

Global physical security market in BFSI sector to grow at a CAGR of 8.79% over the period 2014-2019.

The increasing need for organizations to comply with the payment card industry and data security standard (PCI DSS) regulations is a major factor that drives market growth. A recent rise in security threats has forced many enterprises in the banking, financial services, and insurance (BFSI) sector to adopt physical security solutions so as to prevent damage to critical infrastructure and data. As all online banking transactions, ATMs, and point-of-sale schemes require safe monetary transactions, the market for physical security in the BFSI sector is expected to show rapid growth during the forecast period.

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"The biometric authentication process will provide better security to ATMs, online transactions, and critical infrastructures by linking individual credentials to a user's face, fingerprints, eyes, or voice,".

"Biometric identification technology has become an integral part of the security of the BFSI sector, and banks have started using it in ATMs."

Covered in this Report
This report covers the present scenario and the growth prospects of the global physical security market in BFSI sector for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the following components:

- Access control systems
- Cloud-based services
- Physical security software
- Surveillance systems

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Based on geography, the market is segmented into the Americas, EMEA, and APAC.

It also presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Global Physical Security Market in BFSI Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APA, and EMEA; it also covers the global physical security market landscape in BFSI sector and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Market Drivers:
Rapid Adoption of Monitoring Solutions.
Shift from Analog to IP Cameras.
Technological Advances and Product Innovations.
Government Regulations.

Key Market Trends:
Adoption of IP-Based Video Surveillance Solutions.
Adoption of Cloud-Based Technologies.
Emergence of Customized Solutions and Integrated Packages.
Usage of Biometrics.

Key Market Vendors:
Axis Communications AB
Bosch Security Systems
Cisco Systems Inc.
Honeywell Security Group
NICE Systems Ltd.
Tyco International Ltd.

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.