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

Global NFC Chips Market: Popular Trends & Technological advancements to Watch Out for Near Future

A new research study by Transparency Market Research states that the global Near Field Communication (NFC) Chips Market is extremely concentrated in nature. With a share of 55%, NXP Semiconductor emerged as the clear leader of this market in 2015 and is expected to retain its position over the next few years. Other prominent players in this market are Broadcom Corp., STMicroelectronics, Qualcomm Inc., Texas Instrument, and AMS AG. These enterprises are being actively involved in mergers, acquisitions, and partnerships, which is likely to increase the competition within the market in the near future, states the research report. As per TMR’s estimations, the opportunity the global market for NFC chips is projected to expand at a CAGR of 26.0% over the period from 2016 to 2024, proliferating from a value of US$1.35 bn in 2015 to US$10.62 bn by the end of the forecast period. The smartphone segment has emerged as the market leader and is expected to retain this position througho...
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

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...
Post a Comment
Read more