BFSI Security Market Size, Share, By Security Type (Physical Security, Information Security, and Blockchain), By Deployment Type (On-premises, Cloud-based, and Hybrid), By Application (Fraud Detection and Prevention, Regulatory Compliance, Risk Management, and Identity and Access Management), By Technology (Artificial Intelligence (AI) and Machine Learning (ML), Blockchain, Biometrics, and Encryption), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI564424 | Publish Date: September 2024 | No. of Pages: 170

Bfsi Security Market Companies

  • IBM Corporation
  • Microsoft Corporation
  • Cisco Systems, Inc.
  • Fortinet, Inc.
  • Palo Alto Networks, Inc.
  • Thales Group
  • Check Point Software Technologies
  • Trend Micro Incorporated
  • Symantec (Broadcom Inc.)
  • Kaspersky Lab
  • McAfee Corp.
  • Accenture PLC
  • FireEye (Mandiant)
  • HCLTech
  • Dell Technologies Inc.

 

Recent News:

  • Microsoft Unveils AI-Secured Platform for Security Solutions in june 2024 Recently, Microsoft announced the AI-powered security platform in the BFSI industry, which is expected to dramatically enhance the detectability of threats and simplify fraud detection and prevention processes across financial institutions. The platform uses real-time anomaly system detection based on machine learning, thus preventing compromising sensitive data and financial institutions' assets.
  • IBM Quantum-Safe Cryptography for BFSI In August 2024, IBM launched quantum-safe cryptography solutions that were aimed at safeguarding BFSI sector financial transactions against future threats of quantum computing. This will further enhance encryption mechanisms and protect the BFSI sector from cyber attacks in the BFSI sector.
  • In April 2024, Fortinet launched an expanded portfolio of cloud security solutions particularly aimed at financial institutions. Its advanced portfolio of cloud security solutions ensures security for hybrid cloud environments through advanced firewall and encryption services, set to meet the BFSI market's growing needs for flexible and scalable security.