Banking and Finance Security Technology Market Assessment

September 2015 •
103 pages •
Report ID: 3305892 •
Format: PDF

Summary
Table of contents

Banking and Finance Security Technology Market Assessment: Cyber Threat and Customer Demands Driving Security Investment

The research service provides an analysis of the banking & finance security technology market. Frost & Sullivan anticipates that concerns about digital threats will continue to drive the banking and finance industry in all regions to make cyber security investment. With attack types and frequency increasing, the deployment of intelligent and comprehensive solutions will become essential for organisations. In addition, greater interest in the commercialisation of biometric systems will result in rapid increase in demand for logical access solutions over the forecast period, especially of more widely available technologies such as fingerprint and voice recognition. With an increasing number of security suppliers in the market, creating product uniqueness will be key for companies looking to gain market share.

Key Findings

- The banking & finance security technology market will remain strong throughout the forecast period driven by new digital security challenges.
- Investment in new technology will be primarily driven by spending associated with cyber security although funding will continue also in the physical security and logical access sectors.
- Technology integration and the creation of security cost efficiencies will continue to impact investment decisions as organisations look to lessen operational expenditure (OPEX) at physical banking locations.
- Additional oversight by both national and international regulatory bodies will help to shape new standardised levels of security across the industry, especially in relation to wider reaching threats such as cyber security.
- Traditionally developed financial markets as found in Europe and North America will see the greatest overall expenditure on security technology over the forecast period owing to high concentration of large banking organisations and established commercial banking markets.
- Frost & Sullivan forecasts the market for banking & finance security technology to increase from $ billion in 2015 to $ billion in 2024.

Key Questions This Study Will Answer

- How is the security focus of the banking and finance market shifting?
- Which are the biggest suppliers in the security market of products targeted at the banking and finance market?
- What are the most important considerations for end users while procuring security technology/ software?
- How will cyber security impact spending in this market?
- What are the technological trends that are driving new security investment in the banking and finance market?
- How will security investment in the market evolve over the next 9 years?

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager

Banking and Finance Security Technology Market Assessment

Our reports have been used by over 10K customers, including:

Related reports and data