The Key Players in Global BFSI Security Market 2016-2020

Monday 14 March 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global BFSI Security Market: Top offerings for physical security - Axis Communications, Bosch Security Systems, and Honeywell Security. Top offerings for cyber security – IBM, McAfee, and Symantec.

Other Prominent Vendors in the market are: Arecont Vision, Assa Abloy, Avigilon, AxxonSoft, Check Point Software Technologies, CNL Software, Crewe Fox, CSC, EMC, Experian, F-Secure, Fortinet, Genetec, H3C Technologies, Hewlett-Packard Enterprise, Juniper Networks, Kaspersky Lab, March Networks, MOBOTIX, Panasonic, Qognify, Safran, Salient Systems, Samsung Techwin, Skybox Security, Sophos, ThreatMetrix, Tyco, Verint Systems, videoNEXT, and VidSys.

Commenting on the report, an analyst said: “An IP video surveillance system includes a number of components including cameras, video recorders, and storage devices. Private and public financial institutions are starting to use high-definition (HD) cameras, as they have high-quality imaging and 180 days of video storage. IP cameras are inexpensive when compared to analog cameras, and they offer advantages such as scalability and flexibility.”

According to the report, cloud-based services are being adopted rapidly for authentication processes, video management systems, and storing biometrics information. Banks are storing their confidential data on the cloud, which makes it important to secure such confidential data from unauthorized access. The adoption of cloud-based services is increasing more rapidly in small and medium-sized enterprises (SMEs) compared to large enterprises as cloud-based services work on a pay-per-use model.

Further, the report states that many organizations face integration issues while implementing new cyber security and physical security solutions. These solutions may not be compatible with the existing setup of an organization. Though most of the available security solutions are independent, they may face issues while trying to integrate with other security solutions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.