Edison, NJ -- (SBWire) -- 02/27/2019 --A new business intelligence report released by HTF MI with title "Global Cybersecurity in Financial Services Market (2018-2023)" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Cybersecurity in Financial Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Experian Information Solutions Inc., IBM Corporation, Accenture PLC., Airbus SE, AlienVault, Inc., Avast Software, Alert Logic Inc., Agiliance Inc., AhnLab, VMware.
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Cybersecurity involves a set of techniques that are designed to protect the integrity of networks, programs, and data, from unauthorized access, cyberattacks, and damages. Of late, cyberattacks in the financial services sector have increased manifold. Cyberattacks against financial services firms increased by over 70% in 2017, which reflects that the financial services sector is currently vulnerable to such attacks. In the future, adoption of effective cyber security techniques will become a necessity to reduce the risk of cyberattacks and illegal use of systems, networks and technologies. According to Netscribes, the global cybersecurity in financial services market is expected to expand at a CAGR of 9.81%, leading to a global revenue of USD 42.66 Bn by 2023.
Cyberattacks and data breaches in financial services firms are more common than in any other industry. In 2017, a data breach at Equifax created a turmoil in the global markets, since more than 143 Mn consumers were affected by that. Also, incidents like the WannaCry and Petya ransomware in 2017, which badly affected Russian and Ukrainian banks, further exposed the world to direct financial threats posed by cyberattacks. These incidents highlight the urgent need for stringent cybersecurity in financial firms.
Based on end user industries, the market is segmented into banking, insurance, stock brokerages, credit unions, investment funds, card and mobile payments, and governments. Among these segments, the card and mobile payments segment is expected to register a high growth rate through the forecast period of 2018-2023. Given that card and mobile payments are being adopted swiftly as a mode of cashless transactions, the risk of cyberattacks increases due to the critical nature of the financial data transmitted in each payment.
By solutions and services, the global cybersecurity in financial services market is categorised into mobile enterprise management, endpoint security, identity and access management (IAM), mobile security, security information and event management (SIEM), content security, data loss prevention (DLP), datacenter security, and firewall. The mobile enterprise management solution segment is expected to have the highest growth rate owing to its wide adoption in contactless payment systems within various industries.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2018 to 2023 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
The titled segments and sub-section of the market are illuminated below:
Top Players in the Market are: Experian Information Solutions Inc., IBM Corporation, Accenture PLC., Airbus SE, AlienVault, Inc., Avast Software, Alert Logic Inc., Agiliance Inc., AhnLab, VMware
Region Included are: North America, Europe, Asia-Pacific etc
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Important Features that are under offering & key highlights of the report:
– Detailed overview of Cybersecurity in Financial Services market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Cybersecurity in Financial Services market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Cybersecurity in Financial Services market performance
– Must-have information for market players to sustain and enhance their market footprint
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Major Highlights of TOC:
Chapter One: Global Cybersecurity in Financial Services Market Industry Overview
1.1 Cybersecurity in Financial Services Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Cybersecurity in Financial Services Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Global Cybersecurity in Financial Services Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Global Cybersecurity in Financial Services Market Size by Demand
2.3 Global Cybersecurity in Financial Services Market Forecast by Demand
Chapter Three: Global Cybersecurity in Financial Services Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Cybersecurity in Financial Services Market Size by Type
3.3 Cybersecurity in Financial Services Market Forecast by Type
Chapter Four: Major Region of Cybersecurity in Financial Services Market
4.1 Global Cybersecurity in Financial Services Sales
4.2 Global Cybersecurity in Financial Services Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Cybersecurity in Financial Services market?
- What are the key concerns of the five forces analysis of the Global Cybersecurity in Financial Services market?
- What are different prospects and threats faced by the dealers in the Global Cybersecurity in Financial Services market?
- What are the strengths and weaknesses of the key vendors?
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