Over the past few year, factors such as Rise In Adoption of Cloud-Based Security Solutions have contributed to the development of the Global BFSI Security market.

Undoubtedly, The Rise in Thefts at ATM & POS Terminals and Frauds in the Bank Branch is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global BFSI Security market is expected to make a significant contribution

AMA research has engaged in the competitive assessment of China & Global BFSI Security Players for 5 years. “The Top 10 Competitive Players in the BFSI Security in 2023” clearly displays the competitive situations of main BFSI Security Playersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.

The Information Security Solution, such as Identity & Access Management, is boosting the BFSI Security market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Deployment Type, such as Cloud, is boosting the BFSI Security market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Information Security Services, such as Consulting, is boosting the BFSI Security market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

With the multiple advantages of technology, cost and service, many major Players such as Cisco Systems, Inc. (United States), Computer Sciences Corporation (CSC) (United States), EMC Corporation (United States), Honeywell International, Inc. (United States), IBM Corporation (United States), Booz Allen Hamilton, Inc. (United States), McAfee, Inc. (Intel Security Group) (United States), Sophos Group Plc. (United States), Symantec Corporation (United States) and Trend Micro Incorporated (United States) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global BFSI Security industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.

According to the EU General Data Protection Regulation mandate businesses – dealing in customer data – to ensure the security of the data they possess. BFSI companies probably have the biggest chunk of personally identifiable customer data, which must be protected from potential exposure to cyber criminals. As such, BFSI companies must identify critical data and other digital assets and accordingly prioritize their security. Failure to secure data will not only lead to non-compliance with regulations and attract hefty fines, but also provide cybercriminals with opportunities to launch numerous financial crimes.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global BFSI Security market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Data Triangulation
The overall BFSI Security market size is calculated using market estimation process, the BFSI Security market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global BFSI Security market size has been validated using both top-down and bottom-up approaches.