What is Vulnerability Scanning in BFSI Market?
Vulnerability scanning is usually known as 'Vuln Scan,' is a mechanized automated procedure of proactively recognizing network, application, and security weaknesses. Vulnerability scanning is ordinarily performed by the IT division of an association or an outsider security specialist organization. The scanning system involves recognizing and grouping framework shortcomings for networks, communication hardware, and PCs. Moreover, the Vulnerability scanning additionally scans how powerful countermeasures are if there should be an occurrence of a threat or attack. A vulnerability scanning administration utilizes a piece of programming running from the viewpoint of the individual or association examining the attack surface being referred to. The weakness scanner utilizes a data set to analyze insights concerning the objective assault surface.
Highlights from Vulnerability Scanning in BFSI Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AT&T Cyber Security (United States), AVG Technologies (Czech Republic), Cisco (United States), Dell (United States), ESET (Slovakia), FireEye (United States), Fortinet (United States), H3C Technologies (China), Huawei (China), IBM (United States), Microsoft (United States) and NSFOCUS (China) |
Vulnerability Scanning in the BFSI market is a highly fragmented market with the availability of different sizes of organizations. The companies are majorly involved in research and development activities to develop new and integrate the technology advancement to grow the market presence and avail competitive advantages. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Vulnerability Scanning in BFSI market throughout the forecasted period.
AT&T Cyber Security (United States), AVG Technologies (Czech Republic), Cisco (United States), Dell (United States), ESET (Slovakia), FireEye (United States), Fortinet (United States), H3C Technologies (China), Huawei (China), IBM (United States), Microsoft (United States) and NSFOCUS (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Check Point (Israel), Hewlett Packard (United States), Kaspersky (Russia), Palo Alto Networks (United States), Trend Micro (Japan) and Venustech (China). Vulnerability Scanning in BFSI Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Servers and Hosts, Network and Wireless Infrastructure, Databases, Web & Applications and Cloud Infrastructure Security |
Components | Hardware,Software |
Network | External Vulnerability Scan,Internal Vulnerability Scan,Environmental Vulnerability Scan |
End User | Banking,Insurance Companies,Securities,Other |
On the basis of geography, the market of Vulnerability Scanning in BFSI has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The proportion of high-risk vulnerabilities is steadily decreasing and Insufficient Authentication is lessening in relevance as a critical vulnerability
Market Growth Drivers:
Increase in number of data stealing and unauthorized access to client’s data and Identify the level of risk on the system and save money and time
Challenges:
High cost of maintenance and services of vulnerability scanning and Stringent government rules and regulations regarding the BFSI sector
Restraints:
Not able to find every vulnerability through scanning and Sometimes vulnerability scanning provides a false sense of security
Opportunities:
Development and integration of new technology to reduce the errors in current vulnerability scanning and Development of technology infrastructure in the emerging countries
Key Target Audience
Industrial Associations, Government Regulatory Bodies, Technology Solution Suppliers, Financial Organizations, Banking Institutions and Other
Market Leaders & Development Strategies
On 18 September 2019, Microsoft’s GitHub announced that it has acquired Semmle, a code analysis tool that helps developers and security researchers discover potential vulnerabilities in their code. Semmle takes a lot of the manual work out of security testing and instead offers a query language that allows researchers to test their code, using the service’s analysis engine. Over time, the GitHub team plans to integrate Semmle closely into the GitHub workflow.
On 21 October 2020, Cloud-native application security company Snyk announced that the Snyk Intel vulnerability database will be integrated into IBM Cloud security capabilities to enhance security for enterprise workloads. IBM is working to integrate Snyk’s comprehensive security coverage into its public cloud security capabilities to help developers automatically find, prioritize and fix vulnerabilities in open source dependencies and containers throughout their entire workflow.