Global BFSI Security Market Insights, Size and Growth Forecast To 2027
Global BFSI Security market expected to drive due to the rises in data breaches in the financial services industry and growing adoption of cloud-based security solutions. The global BFSI security market size generated USD 46.58 Billion in 2019 and projected to reach USD 75.86 Billion by 2027, registering a CAGR of 5.95%, during the forecast period, 2020-2027. The primary factors are the implementation of regulatory standards and acts and growing cyber threats in the BFSI industry. Additionally, the increasing penetration of the internet in developing regions, coupled with the growing adoption of connected devices that enable convenient and secure financial transactions are estimated to fuel the growth of global BFSI security in the upcoming years. Moreover, the surge in increased data theft and unauthorized access in banking and financial institutions will demand BFSI security in the near future. Also, the increasing demand for integrated security solutions in BFSI w...