What is the current BFSI Security Market size?

The BFSI Security Market is projected to register a CAGR of 12.43% during the forecast period (2024-2029) Read More

Who are the key players in BFSI Security Market?

Symantec Corporation, Sophos Group Plc., McAfee Inc., IBM Corporation and Honeywell International Inc. are the major companies operating in the BFSI Security Market. Read More

Which is the fastest growing region in BFSI Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in BFSI Security Market?

In 2024, the North America accounts for the largest market share in BFSI Security Market. Read More

What years does this BFSI Security Market cover?

The report covers the BFSI Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the BFSI Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

BFSI Security Market - Size & Analysis

BFSI Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global BFSI Security Market Trends and it is segmented by Type (Information Security, Physical Security), Services (System Integration, Maintenance, Support), Vertical (Banking, Insurance), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

BFSI Security Industry Overview

The BFSI Security Market is highly fragmented, with the presence of major players like Symantec Corporation, Sophos Group Plc., McAfee Inc., IBM Corporation, and Honeywell International Inc., among others. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In November 2022, McAfee, a global leader in online security, announced a partnership with Mastercard to provide online security software to cardholders. The collaboration will allow Mastercard Cardholders to purchase McAfee internet security software.

In October 2022, BPER Banca Group, one of Italy's largest banking groups, announced a four-year partnership with IBM Corporation to assist in accelerating the bank's development into a completely digital corporation. The four-year agreement will expand the bank's hybrid cloud strategy to modernize its technology infrastructure and applications by combining the security, scalability, and reliability of IBM Cloud for Financial Services with the resiliency of IBM z16 and Red Hat OpenShift, a leading Kubernetes platform, to help meet the compliance requirements of the heavily regulated industry.

In February 2022, Cisco and Rakuten signed a strategic agreement to accelerate the open RAN and Telco Cloud Market. The acquisition offers solutions that will allow mobile operators to compete more effectively in the cloud era.