“Rise in the sophistication level of security breaches and the growing IoT market expected to drive the BFSI security market
The BFSI security market size is estimated to grow from USD 25.61 billion in 2015 to USD 44.38 billion by 2020, at a CAGR of 11.6% from 2015 to 2020. The BFSI security market is driven by factors such as rise in the sophistication level of security breaches, growing government regulations and standards for cyber security, growing IoT market, and rise in the adoption of cloud-based security solutions.
Physical security is expected to gain maximum traction during the forecast period
The physical security segment is estimated to hold the largest market share during the forecast period. However, the BFSI information security segment is also expected to gain traction because of its ability to protect the confidentiality, integrity, and availability of data against malicious intentions such as unauthorized access, modification of information, and denial of service to unauthorized users. System maintenance & support and managed security services are expected to grow at the highest CAGR from 2015 to 2020. However, training & education services are expected to hold the largest market share during the forecast period.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people in tier-1 (35%), tier-2 (45%), and tier-3 (20%) companies. The interviews were conducted with various key people, such as C-level (35%), Director Level (25%), and other executive level (40%), operating in the BFSI security marketplace. The primary interviews were conducted across the globe, covering regions such as North America (45%), Europe (20%), APAC (30%), and RoW (5%).
The latest security trends in financial segment include authentication, encryption, Data Leakage Prevention (DLP), data waste monitoring, managed security services, IP video surveillance, and biometric access control. The availability of cloud deployment options for BFSI security has further boosted the demand for cyber security solutions across the banking and insurance sectors. Therefore, mobile security and cloud security are the upcoming focus for the BFSI security market.
The various key BFSI security vendors and service providers profiled in the report are as follows:
1. Booz Allen Hamilton Inc.
2. Cisco Sytems Inc.
3. CSC
4. IBM Corporation
5. Honeywell International Inc.
6. EMC Corporation
7. McAfee Inc.
8. Sophos Group Plc.
9. Symantec Corporation
10. Trend Micro Inc.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the BFSI security market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers, and acquisitions.
”
“TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 INTRODUCTION 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE BFSI SECURITY MARKET 30
4.2 BFSI SECURITY MARKET, BY SUB-VERTICAL, 2015–2020 30
4.3 BFSI SECURITY, EUROPE: PHYSICAL SECURITY SOLUTION VS. INFORMATION SECURITY SOLUTION 31
4.4 LIFECYCLE ANALYSIS, BY REGION 32
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 EVOLUTION 35
5.3 MARKET SEGMENTATION 37
5.3.1 BY TYPE 37
5.3.1.1 Physical security market 37
5.3.1.1.1 By system and component 37
5.3.1.1.2 By service 38
5.3.1.2 Information security market 38
5.3.1.2.1 By system and component 38
5.3.1.2.2 By service 39
5.3.2 BY SUB–VERTICAL 39
5.3.3 BY REGION 40
5.4 MARKET DYNAMICS 40
5.4.1 DRIVERS 41
5.4.1.1 Enforcement for regulatory security compliance 41
5.4.1.2 Increasing risk of sophisticated threats against critical infrastructure 41
5.4.1.3 Growing Internet of Things (IoT) market 42
5.4.2 RESTRAINTS 42
5.4.2.1 Insecure endpoints and complexity of data 42
5.4.2.2 Lack of correlation among security solutions 42
5.4.3 OPPORTUNITIES 43
5.4.3.1 Heavy merger and acquisition activities across the BFSI sector 43
5.4.3.2 Continual increase in demand for BFSI-centric solutions 43
5.4.3.3 Increased spending on cyber security 43
5.4.4 CHALLENGES 43
5.4.4.1 Lack of knowledge about security products and services 43
5.5 BURNING ISSUES 44
6 INDUSTRY TRENDS 45
6.1 BFSI SECURITY: VALUE CHAIN ANALYSIS 45
6.2 PORTER’S FIVE FORCES ANALYSIS 46
6.2.1 THREAT OF NEW ENTRANTS 46
6.2.2 BARGAINING POWER OF BUYERS 46
6.2.3 THREAT OF SUBSTITUTES 47
6.2.4 BARGAINING POWER OF SUPPLIERS 47
6.2.5 INTENSITY OF COMPETITIVE RIVALRY 47
7 BFSI SECURITY MARKET ANALYSIS, BY SECURITY TYPE 48
7.1 INTRODUCTION 49
7.2 PHYSICAL SECURITY 50
7.3 INFORMATION SECURITY 50
8 BFSI PHYSICAL SECURITY MARKET ANALYSIS, BY SYSTEM AND COMPONENTS AND BY SERVICE 52
8.1 INTRODUCTION 53
8.2 SYSTEM AND COMPONENTS 54
8.2.1 VIDEO SURVEILLANCE 55
8.2.2 ACCESS CONTROL 56
8.2.3 INTRUSION AND FIRE DETECTION 57
8.2.4 PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) 58
8.3 SERVICES 59
8.3.1 SYSTEM INTEGRATION 60
8.3.2 MAINTENANCE AND SUPPORT 61
8.3.3 DESIGN AND CONSULTING 61
9 BFSI INFORMATION SECURITY MARKET ANALYSIS, BY SYSTEM AND COMPONENT AND BY SERVICE 63
9.1 INTRODUCTION 64
9.2 SYSTEM AND COMPONENTS 65
9.2.1 IDENTITY AND ACCESS MANAGEMENT 66
9.2.2 RISK AND COMPLIANCE MANAGEMENT 67
9.2.3 ENCRYPTION 68
9.2.4 DISASTER RECOVERY 68
9.2.5 UNIFIED THREAT MANAGEMENT (UTM) 69
9.2.6 FIREWALL 70
9.2.7 DDOS MITIGATION 71
9.2.8 SECURITY AND VULNERABILITY MANAGEMENT 71
9.2.9 INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM (IDS/IPS) 72
9.2.10 DATA LOSS PROTECTION (DLP) 73
9.2.11 ANTIVIRUS AND ANTI-MALWARE 74
9.2.12 WEB FILTERING 74
9.2.13 OTHERS 75
9.3 SERVICES 76
9.3.1 CONSULTING 77
9.3.2 DESIGN AND INTEGRATION 77
9.3.3 RISK AND THREAT ASSESSMENT 78
9.3.4 MANAGED SECURITY SERVICES 79
9.3.5 TRAINING AND EDUCATION 80
10 BFSI SECURITY MARKET ANALYSIS, BY SUB-VERTICAL 81
10.1 INTRODUCTION 82
10.2 BANKING 83
10.3 INSURANCE COMPANIES 84
10.4 OTHER FINANCIAL INSTITUTIONS 85
11 GEOGRAPHIC ANALYSIS 86
11.1 INTRODUCTION 87
11.2 NORTH AMERICA 89
11.3 EUROPE 94
11.4 ASIA-PACIFIC 98
11.5 MIDDLE EAST AND AFRICA 103
11.6 LATIN AMERICA 107
12 COMPETITIVE LANDSCAPE 112
12.1 OVERVIEW 112
12.2 COMPETITIVE SITUATION AND TRENDS 113
12.2.1 NEW PRODUCT LAUNCHES 115
12.2.2 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 116
12.2.3 MERGERS AND ACQUISITIONS 117
12.2.4 EXPANSIONS 118
13 COMPANY PROFILES 119
13.1 INTRODUCTION 119
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.2 BOOZ ALLEN HAMILTON, INC. 120
13.3 CISCO SYSTEMS, INC. 124
13.4 CSC 129
13.5 EMC CORPORATION 133
13.6 HONEYWELL INTERNATIONAL, INC. 137
13.7 IBM CORPORATION 141
13.8 MCAFEE, INC. (INTEL SECURITY GROUP) 145
13.9 SOPHOS GROUP PLC. 148
13.10 SYMANTEC CORPORATION 151
13.11 TREND MICRO INCORPORATED 155
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 159
14.1 DISCUSSION GUIDE 159
14.2 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 164
14.3 AVAILABLE CUSTOMIZATIONS 165
14.4 RELATED REPORTS 166
“
“LIST OF TABLES
TABLE 1 BFSI SECURITY MARKET SIZE AND GROWTH 2013–2020 (USD BILLION) 27
TABLE 2 BFSI SECURITY MARKET SIZE, BY SECURITY TYPE, 2013–2020 (USD MILLION) 49
TABLE 3 PHYSICAL SECURITY MARKET: BFSI SECURITY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 50
TABLE 4 INFORMATION SECURITY MARKET: BFSI SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 51
TABLE 5 BFSI PHYSICAL SECURITY MARKET SIZE, BY TYPE 2013–2020 (USD MILLION) 53
TABLE 6 BFSI PHYSICAL SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT,
2013–2020 (USD MILLION) 54
TABLE 7 SYSTEM AND COMPONENTS: BFSI PHYSICAL SECURITY MARKET SIZE,
BY REGION, 2013–2020 (USD MILLION) 54
TABLE 8 VIDEO SURVEILLANCE : BFSI PHYSICAL SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 56
TABLE 9 ACCESS CONTROL : BFSI PHYSICAL SECURITY MARKET SIZE , BY REGION,
2013–2020 (USD MILLION) 57
TABLE 10 INTRUSION AND FIRE DETECTION : BFSI PHYSICAL SECURITY MARKET SIZE,
BY REGION, 2013–2020 (USD MILLION) 58
TABLE 11 PHYSICAL SECURITY INFORMATION MANAGEMENT : BFSI PHYSICAL SECURITY MARKET SIZE , BY REGION, 2013–2020 (USD MILLION) 59
TABLE 12 BFSI PHYSICAL SECURITY MARKET SIZE, BY SERVICE, 2013–2020 (USD MILLION) 59
TABLE 13 SERVICES: BFSI PHYSICAL SECURITY MARKET SIZE , BY REGION,
2013–2020 (USD MILLION) 60
TABLE 14 SYSTEM INTEGRATION: BFSI PHYSICAL SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 60
TABLE 15 MAINTENANCE AND SUPPORT: BFSI PHYSICAL SECURITY MARKET SIZE,
BY REGION, 2013–2020 (USD MILLION) 61
TABLE 16 DESIGN AND CONSULTING: BFSI PHYSICAL SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 62
TABLE 17 BFSI SECURITY MARKET SIZE, BY INFORMATION SECURITY TYPE,
2013–2020 (USD MILLION) 64
TABLE 18 BFSI INFORMATION SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 65
TABLE 19 SYSTEM AND COMPONENTS MARKET: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 66
TABLE 20 IDENTITY AND ACCESS MANAGEMENT: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 66
TABLE 21 RISK AND COMPLIANCE MANAGEMENT: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 67
TABLE 22 ENCRYPTION: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 68
TABLE 23 DISASTER RECOVERY: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 69
TABLE 24 UNIFIED THREAT MANAGEMENT: BFSI INFORMATION SECURITY MARKET SIZE,
BY REGION, 2013–2020 (USD MILLION) 70
TABLE 25 FIREWALL: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 70
TABLE 26 DDOS MITIGATION: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 71
TABLE 27 SECURITY AND VULNERABILITY MANAGEMENT: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 72
TABLE 28 IDS/IPS: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 73
TABLE 29 DATA LOSS PROTECTION (DLP): BFSI INFORMATION SECURITY MARKET SIZE,
BY REGION, 2013–2020 (USD MILLION) 73
TABLE 30 ANTIVIRUS AND ANTI-MALWARE: BFSI INFORMATION SECURITY MARKET SIZE,
BY REGION, 2013–2020 (USD MILLION) 74
TABLE 31 WEB FILTERING: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 75
TABLE 32 OTHERS: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 75
TABLE 33 BFSI INFORMATION SECURITY MARKET SIZE , BY SERVICE,
2013–2020 (USD MILLION) 76
TABLE 34 SERVICES: BFSI INFORMATION SECURITY MARKET SIZE , BY REGION,
2013–2020 (USD MILLION) 76
TABLE 35 CONSULTING SERVICES: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 77
TABLE 36 DESIGN AND INTEGRATION SERVICES: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 78
TABLE 37 RISK AND THREAT ASSESSMENT SERVICES: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 78
TABLE 38 MANAGED SECURITY SERVICES: BFSI INFORMATION SECURITY MARKET SIZE,
BY REGION, 2013–2020 (USD MILLION) 79
TABLE 39 TRAINING AND EDUCATION SERVICES: BFSI INFORMATION SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 80
TABLE 40 BFSI SECURITY MARKET SIZE, BY SUB-VERTICAL, 2013–2020 (USD MILLION) 82
TABLE 41 BANKING: BFSI SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 83
TABLE 42 INSURANCE COMPANIES: BFSI SECURITY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 84
TABLE 43 OTHER FINANCIAL INSTITUTIONS: BFSI SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 85
TABLE 44 BFSI SECURITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 88
TABLE 45 NORTH AMERICA: BFSI SECURITY MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 91
TABLE 46 NORTH AMERICA: BFSI SECURITY MARKET SIZE, BY PHYSICAL SECURITY,
2013–2020 (USD MILLION) 91
TABLE 47 NORTH AMERICA: BFSI PHYSICAL SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 91
TABLE 48 NORTH AMERICA: BFSI PHYSICAL SECURITY MARKET SIZE, BY SERVICE,
2013–2020 (USD MILLION) 92
TABLE 49 NORTH AMERICA: BFSI SECURITY MARKET SIZE, BY INFORMATION SECURITY TYPE, 2013–2020 (USD MILLION) 92
TABLE 50 NORTH AMERICA: BFSI INFORMATION SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 93
TABLE 51 NORTH AMERICA: BFSI INFORMATION SECURITY MARKET SIZE, BY SERVICE, 2013–2020 (USD MILLION) 93
TABLE 52 NORTH AMERICA: BFSI SECURITY MARKET SIZE, BY SUB-VERTICAL,
2013–2020 (USD MILLION) 94
TABLE 53 EUROPE: BFSI SECURITY MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 95
TABLE 54 EUROPE: BFSI SECURITY MARKET SIZE, BY PHYSICAL SECURITY,
2013–2020 (USD MILLION) 95
TABLE 55 EUROPE: BFSI PHYSICAL SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 95
TABLE 56 EUROPE: BFSI PHYSICAL SECURITY MARKET SIZE, BY SERVICE,
2013–2020 (USD MILLION) 96
TABLE 57 EUROPE: BFSI SECURITY MARKET SIZE, BY INFORMATION SECURITY TYPE,
2013–2020 (USD MILLION) 96
TABLE 58 EUROPE: BFSI INFORMATION SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 97
TABLE 59 EUROPE: BFSI INFORMATION SECURITY MARKET SIZE, BY SERVICE,
2013–2020 (USD MILLION) 97
TABLE 60 EUROPE: BFSI SECURITY MARKET SIZE, BY SUB-VERTICAL,
2013–2020 (USD MILLION) 98
TABLE 61 ASIA-PACIFIC: BFSI SECURITY MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 100
TABLE 62 ASIA-PACIFIC: BFSI SECURITY MARKET SIZE, BY PHYSICAL SECURITY TYPE,
2013–2020 (USD MILLION) 100
TABLE 63 ASIA-PACIFIC: BFSI PHYSICAL SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 100
TABLE 64 ASIA-PACIFIC: BFSI PHYSICAL SECURITY MARKET SIZE, BY SERVICE,
2013–2020 (USD MILLION) 101
TABLE 65 ASIA-PACIFIC: BFSI SECURITY MARKET SIZE, BY INFORMATION SECURITY TYPE, 2013–2020 (USD MILLION) 101
TABLE 66 ASIA-PACIFIC: BFSI INFORMATION SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 102
TABLE 67 ASIA-PACIFIC: BFSI INFORMATION SECURITY MARKET SIZE, BY SERVICE,
2013–2020 (USD MILLION) 102
TABLE 68 ASIA-PACIFIC: BFSI SECURITY MARKET SIZE, BY SUB-VERTICAL,
2013–2020 (USD MILLION) 103
TABLE 69 MIDDLE EAST AND AFRICA: BFSI SECURITY MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 103
TABLE 70 MIDDLE EAST AND AFRICA: BFSI SECURITY MARKET SIZE, BY PHYSICAL SECURITY, 2013–2020 (USD MILLION) 104
TABLE 71 MIDDLE EAST AND AFRICA: BFSI PHYSICAL SECURITY MARKET SIZE,
BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 104
TABLE 72 MIDDLE EAST AND AFRICA: BFSI PHYSICAL SECURITY MARKET SIZE, BY SERVICE, 2013–2020 (USD MILLION) 105
TABLE 73 MIDDLE EAST AND AFRICA: BFSI SECURITY MARKET SIZE, BY INFORMATION SECURITY TYPE, 2013–2020 (USD MILLION) 105
TABLE 74 MIDDLE EAST AND AFRICA: BFSI INFORMATION SECURITY MARKET SIZE,
BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 106
TABLE 75 MIDDLE EAST ANDAFRICA: BFSI INFORMATION SECURITY MARKET SIZE,
BY SERVICE, 2013–2020 (USD MILLION) 106
TABLE 76 MIDDLE EAST AND AFRICA: BFSI SECURITY MARKET SIZE, BY SUB-VERTICAL, 2013–2020 (USD MILLION) 107
TABLE 77 LATIN AMERICA: BFSI SECURITY MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 108
TABLE 78 LATIN AMERICA: BFSI SECURITY MARKET SIZE, BY PHYSICAL SECURITY TYPE, 2013–2020 (USD MILLION) 108
TABLE 79 LATIN AMERICA: BFSI PHYSICAL SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 108
TABLE 80 LATIN AMERICA: BFSI PHYSICAL SECURITY MARKET SIZE, BY SERVICE,
2013–2020 (USD MILLION) 109
TABLE 81 LATIN AMERICA: BFSI SECURITY MARKET SIZE, BY INFORMATION SECURITY TYPE, 2013–2020 (USD MILLION) 109
TABLE 82 LATIN AMERICA: BFSI INFORMATION SECURITY MARKET SIZE, BY SYSTEM AND COMPONENT, 2013–2020 (USD MILLION) 110
TABLE 83 LATIN AMERICA: BFSI INFORMATION SECURITY MARKET SIZE, BY SERVICE,
2013–2020 (USD MILLION) 110
TABLE 84 LATIN AMERICA: BFSI SECURITY MARKET SIZE, BY SUB-VERTICAL,
2013–2020 (USD MILLION) 111
TABLE 85 NEW PRODUCT LAUNCHES, 2013–2015 115
TABLE 86 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2013–2015 116
TABLE 87 MERGERS AND ACQUISITIONS, 2013–2015 117
TABLE 88 EXPANSIONS, 2013–2015 118
“
“LIST OF FIGURES
FIGURE 1 BFSI SECURITY MARKET: RESEARCH DESIGN 18
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 4 MARKET BREAKDOWN AND DATA TRIANGULATION 24
FIGURE 5 BFSI SECURITY MARKET TO WITNESS HIGH GROWTH DURING THE FORECAST PERIOD 28
FIGURE 6 TOP SEGMENTS OF THE BFSI SECURITY MARKET IN 2015 28
FIGURE 7 ASIA-PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 29
FIGURE 8 INCREASING DEMAND OF INTERNET OF THINGS (IOT) PUSHING THE BFSI SECURITY MARKET DURING THE FORECAST PERIOD 30
FIGURE 9 INSURANCE VERTICAL IS EXPECTED TO WITNESS HIGHEST GROWTH DURING THE FORECAST PERIOD 30
FIGURE 10 VIDEO SURVELLIANCE EXPECTED TO HOLD THE LARGEST SHARE AMONG THE BFSI PHYSICAL SECURITY SYSTEM AND COMPONENTS 31
FIGURE 12 EVOLUTION OF BFSI SECURITY MARKET 35
FIGURE 13 BFSI SECURITY MARKET SEGMENTATION: BY SECURITY TYPE 37
FIGURE 14 PHYSICAL SECURITY MARKET SEGMENTATION: BY SYSTEM AND COMPONENT 37
FIGURE 15 PHYSICAL SECURITY MARKET SEGMENTATION: BY SERVICE 38
FIGURE 16 INFORMATION SECURITY MARKET SEGMENTATION: BY SYSTEM AND COMPONENTS 38
FIGURE 17 INFORMATION SECURITY MARKET: BY SERVICE 39
FIGURE 18 BFSI SECURITY MARKET : BY SUB-VERTICAL 39
FIGURE 19 BFSI SECURITY MARKET SEGMENTATION: BY REGION 40
FIGURE 20 BFSI SECURITY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 41
FIGURE 21 VALUE CHAIN ANALYSIS (2015): MAJOR VALUE IS ADDED BY CONTINUOUS R&D OF PHYSICAL AND INFORMATION SECURITY VENDORS AND SERVICE PROVIDERS 45
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS: BFSI SECURITY 46
FIGURE 23 PHYSICAL SECURITY IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 49
FIGURE 24 SYSTEM AND COMPONENTS SEGMENT IS EXPECTED TO HOLD A MAJOR SHARE OF THE BFSI PHYSICAL SECURITY MARKET DURING THE FORECAST PERIOD 53
FIGURE 25 SYSTEM AND COMPONENTS IS EXPECTED TO HOLD THE LARGEST SHARE OF THE BFSI INFORMATION SECURITY SEGMENT FROM 2015 TO 2020 64
FIGURE 26 BANKING IS EXPECTED TO DOMINATE THE BFSI SECURITY MARKET DURING THE FORECAST PERIOD 82
FIGURE 27 ASIA-PACIFIC: AN ATTRACTIVE DESTINATION FOR THE BFSI SECURITY MARKET, 2015–2020 87
FIGURE 28 ASIA-PACIFIC IS EXPECTED TO WITNESS THE HIGHEST CAGR FROM 2015 TO 2020 88
FIGURE 29 REGIONAL SNAPSHOT: ASIA-PACIFIC MARKET AS A HOTSPOT 89
FIGURE 30 NORTH AMERICAN MARKET SNAPSHOT 90
FIGURE 31 ASIA-PACIFIC MARKET: SNAPSHOT 99
FIGURE 32 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AS A KEY GROWTH STRATEGY DURING 2013–2015 112
FIGURE 33 AREA-CHART SHOWING HISTORICAL CAGR OF THE TOP 5 PLAYERS 113
FIGURE 34 MARKET EVALUATION FRAMEWORK 114
FIGURE 35 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES IS THE KEY STRATEGY 114
FIGURE 36 GEOGRAPHIC REVENUE MIX OF THE TOP 5 MARKET PLAYERS 119
FIGURE 37 BOOZ ALLEN HAMILTON, INC.: COMPANY SNAPSHOT 120
FIGURE 38 BOOZ ALLEN HAMILTON, INC.: SWOT ANALYSIS 123
FIGURE 39 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT 124
FIGURE 40 CISCO SYSTEMS, INC.: SWOT ANALYSIS 128
FIGURE 41 CSC: COMPANY SNAPSHOT 129
FIGURE 42 CSC: SWOT ANALYSIS 132
FIGURE 43 EMC CORPORATION: COMPANY SNAPSHOT 133
FIGURE 44 EMC CORPORATION: SWOT ANALYSIS 136
FIGURE 45 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT 137
FIGURE 46 HONEYWELL INTERNATIONAL, INC.: SWOT ANALYSIS 140
FIGURE 47 IBM CORPORATION: COMPANY SNAPSHOT 141
FIGURE 48 SOPHOS GROUP PLC.: COMPANY SNAPSHOT 148
FIGURE 49 SYMANTEC CORPORATION: COMPANY SNAPSHOT 151
FIGURE 50 TREND MICRO INCORPORATED: COMPANY SNAPSHOT 155
“
