BFSI Security Market | Exactitude Consultancy Reports
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BFSI Security Market Overview
The BFSI security market is expected to grow at 12.16 % CAGR from 2021 to 2029. It is expected to reach above USD 122.42 Billion by 2029 from USD 43.58 Billion in 2020.
Banking, financial services, and insurance firms are all part of the BFSI sector, which operates in a highly regulated and secure business environment. Furthermore, the increased demand for BFSI security as a result of data breach incidents and other security issues across various operational standards drives market growth. Furthermore, BFSI security solutions and services ensure long-term financial visibility, with both cyber security and physical security of banking and financial institutions.
Segment Analysis
The BFSI security market is segmented based on security type, physical security offering, information security offering, service, organization size, end user and region, global trends and forecast.
On the basis of security type, the market is segmented into physical security, information security. Physical security is expected to grow at the fastest rate due to factors such as threat protection, dishonest insider and external fraud, natural and man-made disasters, and malicious software.
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