BFSI Security Market: Market Research by Knowledge Sourcing Intelligence
The Emerging BFSI Security Market and its segments The banking, financial services, and insurance (BFSI) are the most advancing and growing business sectors. These business sectors also require security as with the advent of the cloud-based storage and increasing penetration of the internet, there also comes challenges to protect the BFSI from theft and other crimes. BFSI Security Market is estimated to grow at a CAGR of 8.92% to reach US$33.075 billion by 2022, increasing from US$21.572 billion in 2017. The advent of the internet has facilitated moving the banking process online to provide efficient and convenient services to customers. This has also led to an increase in cybersecurity threats and frauds leading to BFSI enterprises opting for precautionary measures to keep the customers’ data safe. Apart from online threats, physical security threats have also grown, leading to growing implementation of various security solutions like access control, video surveillanc...