About BFSI Crisis Management
BFSI crisis management solution is the innovation & advancement in financial technology, which helps in dealing various types of incidents & emergency situations in the BFSI industry. Crisis management includes several technologies such as artificial intelligence, cloud computing, machine learning, and big data. Furthermore, BFSI crisis management serves as a modern program that makes a new approach by utilizing technologies and focuses on certain areas of business risk & protects the reliability & credibility of the financial institution network.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
4C Strategies (Stockholm, Sweden), CURA Software Solutions (Kirkland, Washington, USA), Everbridge (Burlington, Massachusetts, USA), IBM (Armonk, New York, USA), Konexus (London, United Kingdom), LogicGate, Inc. (Chicago, Illinois, USA), MetricStream Inc. (Sunnyvale, California, USA), NCC Group (Manchester, United Kingdom), Noggin (Melbourne, Australia) and SAS Institute Inc. (Cary, North Carolina, USA) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global BFSI Crisis Management market by , Application (Risk & Compliance Management, Disaster Recovery & Business Continuity, Incident Management & Response, Crisis Communication and Others) and Region.
On the basis of geography, the market of BFSI Crisis Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the BFSI Crisis Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise, the sub-segment i.e. Large Enterprises will boost the BFSI Crisis Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the BFSI Crisis Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Banks will boost the BFSI Crisis Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in adoption of crisis management solutions among the BFSI sector
Market Growth Drivers:
Increase in dependency on crisis management software & solutions among financial institutions
Challenges:
Complex management of network
Restraints:
Lack of trust over technologies for crisis management
Opportunities:
Pandemic and lockdown across several region led to rise in use and adoption of online and digitalized financial services across the globe
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.