The global financial services cybersecurity systems and services market is prophesied to up its growth in the near future with the surge in the successfulness and sophistication of cybercrimes against banks, retail chains, and financial services enterprises. Millions of customer payment cards and bank records are compromised till this date, which calls for a burning need to implement effective financial services cybersecurity systems and services. From market drivers and inhibitors, the report provides a detail account of market size, current pipeline technologies, and crucial business prospects.
According to the statistics of Transparency Market Research (TMR), the global financial services cybersecurity systems and services market is estimated to earn an approximately US$24.3 bn by the end of 2022 from US$12.5 bn in 2017. Between the forecast years, the market could expand at a 14.1% CAGR.
Mobile Enterprise Management at the Helm of Market with Leading Share
As per the analysis of the publication, the international financial services cybersecurity systems and services market could witness the dominance of the mobile enterprise management segment by solution and services. By 2022 end, mobile enterprise management is expected to clasp a share of 19.5%. Other classifications of the market according to this category could be endpoint security, identity and access management, mobile security, security information and event management, content security, data loss prevention (DLP), datacenter security, and firewall.
By end user, the international financial services cybersecurity systems and services market is anticipated to be grouped into banking, insurance, credit unions, stock brokerages, stock exchange, investment funds, consumer financing services, payment card and mobile payment services, and government-related financial services.
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The report’s study on the segmentation of the international financial services cybersecurity systems and services market is predicted to be extremely critical for gauging opportunities in different segments. The study could also help to identify those segments that are foreseen to demonstrate a sluggish growth in future in order to keep readers informed.
North America in Commanding Position with High Revenue Growth
On the basis of geography, the world financial services cybersecurity systems and services market is projected to be classified into regions such as the Middle East and Africa (MEA), Asia Pacific except Japan (APEJ), Europe, Latin America, and North America and countries such as Japan. Out of these geographical markets, North America could take the driver’s seat while expanding at a 15.8% CAGR. The attractiveness of this regional market could continue to reign until the end of the forecast period.
Europe and Japan could be among the fairly rising markets for financial services cybersecurity systems and services, whereas APEJ is envisaged to lose 86 BPS in its share by 2022 over 2017. The MEA could gather a minimal revenue share by the end of 2017 but is foretold to gain some BPS over the course of the forecast period.
Some of the leading industry players in the worldwide financial services cybersecurity systems and services market could be Experian Information Solutions, Inc., Accenture PLC., Agiliance, Inc., IBM Corporation, and Airbus SE.