Skip to main content

Financial Services Cybersecurity Systems and Services Market Technological breakthroughs, Value chain and stakeholder analysis

The global Financial Services Cybersecurity Systems And Services Market is foretold to gain impetus from the enactment of government statutes such as the Gramm-Leach-Bliley (GLB) Act which require financial companies to ensure the confidentiality and security of customers’ personal data. Such customer data could include social security numbers (SSNs), credit histories, income, account numbers, phone numbers, addresses, and names. Furthermore, a heightened response is expected from financial firms looking at the soaring prevalence and sophistication of cybercrimes since the last decade and a half.

The global financial services cybersecurity systems and services market is forecasted to register a CAGR of 14.1% during the forecast timeframe 2017–2022. By 2022 end, the market could post a revenue of US$24.3 bn. In 2017, it earned around US$12.5 bn.


Global Financial Services Cybersecurity Systems and Services Market: Major Insights

The international financial services cybersecurity systems and services market is envisioned to be labeled as a faster and larger-growing one for private sector cybersecurity. Banks and financial institutions such as Bank of America are foreseen to set no bar or constraint on cybersecurity outlay due to the urgency of the time and briskly widening reach of cybercrimes. The American Bankers Association Banking Journal reported in 2016 that cyber-related threats are now ranked higher by CEOs than those associated with energy prices, asset bubbles, and fiscal crisis. Forcepoint, in its 2015 Industry Drill Down Report, claimed that security incidents in the financial services industry occur 300 times more frequently than in other business sectors.

The international financial services cybersecurity systems and services market is envisaged to award mobile enterprise management as a commanding segment expected to secure a stronger revenue of US$4.7 bn by 2022. However, there could be more markets for financial services cybersecurity systems and services as per solution and services segmentation showing face. These could be endpoint security, identity and access management, mobile security, security information and event management, content security, data loss prevention (DLP), datacenter security, and firewall.


According to end user classification, the international financial services cybersecurity systems and services market is predicted to offer opportunities in segments such as banking, insurance, credit unions, stock brokerages, stock exchange, investment funds, consumer financing services, payment card and mobile payment services, and government-related financial services.

Regionally, North America is prognosticated to make the cut in the international financial services cybersecurity systems and services market with a revenue of US$7.6 bn prophesied to be garnered by the end of 2022. Other markets such as Europe and Japan could also offer promising prospects in the coming years.



Global Financial Services Cybersecurity Systems and Services Market: Vendor Landscape


Companies operating in the worldwide financial services cybersecurity systems and services market are anticipated to cash in on the opportunities birthing from building robust risk and security management programs for financial institutions. Such programs could help financial firms to empower their IT security while enjoying the confidence to innovate and compete strongly in their business. Vendors such as VMware, Inc., Akamai Technologies, Inc., Alert Logic, Inc., AlienVault, Inc., and Avast Software S.R.O. could be among the top names in the market. The report provides an all-inclusive profile account of each vendor studied.

Comments

Post a Comment

Popular posts from this blog

Automotive EGR Gas Temperature Sensor Market Anticipated To Surge With An Impressive CAGR Of 2025

In an IC engine, EGR (exhaust gas recirculation) gas temperature sensors are used to measure the temperature of the exhaust system. EGR is a technique that is utilized to reduce the nitrogen oxide emissions in petrol/diesel engines. Exhaust gases are reintroduced into the engine combustion chamber to cool the combustion flame. Some vehicles employ an EGR temperature sensor to determine EGR operation. This information is used by the powertrain control module (PCM) to regulate the EGR operation. EGR gas temperature sensor is located in front of the Diesel Oxidation Catalyst (DOC) and in front of the Diesel Particulate Filter (DPF). It detects the exhaust gas temperature and converts it into a voltage and transmits this signal to the engine ECU in order to control engine conditions to effectively reduce emission. EGR bypass valve function diagnostic as well as thermal protection. Gas temperature sensors are employed in various applications such as petrochemicals, automotive s...
Post a Comment
Read more

Mobile Satellite Services (MSS) Market to Achieve Significant Growth in the Near Future

Mobile satellite services (MSS) are the telecommunication services delivered through satellite to mobile users. To establish communication between devices or portable terminals. These portable terminals could be handheld by person such as cellular telephone or mounted on a car or ship. MSS extend mobile communication beyond terrestrial based wireless system, and allows coverage worldwide. MSS use L-band and S-band frequencies of radio spectrum for the communication between the mobile earth station, and terminals in space or on ground These services are used for transmission of emergency traffic such as distress, and safety messages during the disasters, sports venues, war zones, and communication breakdowns for an emergency communication. MSS allow remote communication of voice, and data between the terminals. Request A Sample Of This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11570 MSS are scalable, secure and could be deploy...
Post a Comment
Read more

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more