Bfsi Security Market: Global Industry Analysis And Forecast 2016 2024

1259 words - 6 pages

BFSI Security Market: Global Industry Analysis and Forecast
2016 - 2024

Persistence Market Research

BFSI Security Market: Global Industry
Analysis and Forecast 2016 - 2024

Persistence Market Research

1

BFSI Security Market: Global Industry Analysis and Forecast
2016 - 2024
Persistence Market Research Released New Market Report on “BFSI Security Market: Global
Industry Analysis and Forecast 2016 - 2024”.
In past one decade, electronic banking platforms have been implemented as an ever more
efficient channel through which banking transactions can be executed without having to leave
house or office. These home banking transactions are done from web based applications that
are exposed over ...view middle of the document...

In
BFSI sector, there is always existence of both internal and external threats with increased
adoptions of ATMs and online banking solutions. So the need of protection of physical assets
and continuous monitoring of banking data of BFSI sector is driving the growth of the market.
However, the initial investment required to set up the security infrastructure is restricting the
growth of the BFSI security market.
BFSI Security Market can be segmented on the basis of systems and components:

Video Surveillance:

Video surveillance is used for monitoring activates happening inside as well as outside the
organizations. Physical security has become necessary for banking and financial institutes
looking at solutions to address everything from pilferage to theft and terrorism. This has created
increase in demand for video surveillance solutions in BFSI sector. Video surveillance solution
are generally deployed to protect employees and company assets.

Access Control :

Persistence Market Research

2

BFSI Security Market: Global Industry Analysis and Forecast
2016 - 2024
Access control is deployed in both physical as well as information security. Access control
systems seamlessly work against any unauthorized access. Access control solutions includes
web-based access control, managed access control, control panel, visitor management
systems, readers, and credentials.

Intrusion and Fire Detection:

Intrusion detection systems inspect all the inner and outer network activities and identifies
suspicious pattern to indicate someone is attempting to break into the system. Fire detection
system is a combination of number devices that are seamlessly working to warn people from
any threat of fire.

Physical Security Information Management (PSIM):

Physical security information management is a software that act as a standalone platform that
integrate multiple unconnected security application and devices and control them from one
comprehensive user interface.
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Asia-Pacific region witnessing rapid growth of BFSI security market due to technological
advancements, and various security vendors such as Honeywell International Inc. and Cisco
System Inc. are expanding their business in this region. Besides, the Asia-Pacific market is
poised at the center of world’s fastest growing and soon to be the largest wealth market with the
increase of private banks and financial instructions in countries such as China and India. In
India, according to the data released by reserve bank of India, the total number of bank
accounts in India is around 600 million, out of this 25 million bank accounts holder use mobile
banking applications. This is the huge opportunity for BFSI security vendors in this region.
In North America region, there is an increase in attacks being launched against BFSI industries....

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