Growing at 18.6% CAGR | Cyber Security in BFSI Market Reach USD 214.5 Billion by 2031 Globally
WILMINGTON, DE, UNITED STATES, August 25, 2025 /EINPresswire.com/ -- Allied Market Research published a new report, titled, "Growing at 18.6% CAGR | Cyber Security in BFSI Market Reach USD 214.5 Billion by 2031 Globally." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The global cyber security in BFSI market was valued at USD 39.9 billion in 2021, and is projected to reach USD 214.5 billion by 2031, growing at a CAGR of 18.6% from 2022 to 2031.
Request Sample Report (Get Full Insights in PDF – 197 Pages) at: https://www.alliedmarketresearch.com/request-sample/4382
Driving Factors
Increase in adoption of digitalization in the BFSI sector, rise in the IoT & BYOD trends, surge in physical & virtual threats in the BFSI sector, and an increase in the adoption of mobile device applications and platforms to drive the growth of the global cyber security in BFSI market. However, high cost and other issues associated with the execution of technical security measures hamper the global market growth. On the other hand, the rise in need for monitoring security and management services for enhancing banking operations and surging need for effectively managing larger risk in banks will present new opportunities for the market growth in the coming years.
Market Segmentation
The cyber security in BFSI market is segmented on the basis of component, deployment model, enterprise size, and region. By component, it is bifurcated into solution and services. By solution, it is further fragmented into identity & access management, infrastructure security, governance risk & compliance, unified vulnerability management service component, data security & privacy service component, and others. By deployment model, the market is categorized into on-premises and cloud. By enterprise size, the market is classified into large enterprise and SMEs. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Players
The key players profiled in the cyber security in BFSI market analysis are Cisco Systems, IBM Corporation, Microsoft Corporation, BAE Systems, Check Point Software Technologies, DXC Technology, Trend Micro Inc., FireEye Inc., Broadcom Inc., and MacAfee Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the cyber security in BFSI industry.
If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/4382
Based on region, North America was the largest market in 2021, capturing nearly one-third of the global cyber security in BFSI market. This is due to the rise in awareness regarding data security among banks, insurance firms, and financial institutions, and rise in number of cyberattacks. However, the market in Asia-Pacific is projected to maintain its leadership status in terms of revenue and manifest the fastest CAGR of 20.2% during the forecast period, owing to the adoption of new technologies such as AI & blockchain and robotics process in this region. The report also analyzes the Europe and LAMEA markets.
Based on component, the solution segment was the largest market in 2021, contributing to two-thirds of the global cyber security in BFSI market share, and is expected to maintain its leadership status during the forecast period. This is due to a rise in need for security and management services to enhance banking operations. On the other hand, the services segment is projected to witness the fastest CAGR of 20.2% from 2022 to 2031, owing to the increase in the demand for data breach detection service to detect the cloud data breach in the BFSI sector.
Based on deployment model, the on premise segment held the largest share of more than half of the global cyber security in BFSI market in 2021, owing to the increased need for securing critical data in on-premise data centers from cyberattacks and monitor the influx of data within the organization. However, the cloud segment is expected to maintain dominance in terms of revenue and witness the fastest CAGR of 20.0% from 2022 to 2031, owing to the increased use of mobile devices and the surge in the demand for scalable and agile solutions to monitor and give data access to cloud users.
Based on enterprise size, the large enterprises segment held the largest market share of more than three-fifths of the global cyber security in BFSI market in 2021, and is expected to maintain its dominance during the forecast period. This is due to the surge in the adoption of cyber security solutions by large enterprise for mitigating the risk of cyberattacks. However, the SMEs segment is projected to witness the highest CAGR of 20.2% from 2022 to 2031, owing to an increase in data theft and monitoring system architecture among SMEs to overcome the risk of cyberattacks.
Buy Now & Get Exclusive Discount on this Report (197 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/cyber-security-in-BFSI-market/purchase-options
COVID-19 Scenario
● The outbreak of the COVID-19 pandemic had a positive impact on the growth of cyber security in BFSI market, due to the rise in number of smartphone users, increase in adoption of connected devices, and the rapidly growing e-commerce industry.
● Moreover, during the pandemic, the cyber security in BFSI sector adopted & invested in technologies such as artificial intelligence (AI), machine learning (ML), and blockchain technology to deal with new directives & regulations.
Thanks for reading this article, you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
Other Trending Reports:
media monitoring tools market
consumer identity and access management market
About Us:
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300 | India (Pune): +91-20-66346060
The global cyber security in BFSI market was valued at USD 39.9 billion in 2021, and is projected to reach USD 214.5 billion by 2031, growing at a CAGR of 18.6% from 2022 to 2031.
Request Sample Report (Get Full Insights in PDF – 197 Pages) at: https://www.alliedmarketresearch.com/request-sample/4382
Driving Factors
Increase in adoption of digitalization in the BFSI sector, rise in the IoT & BYOD trends, surge in physical & virtual threats in the BFSI sector, and an increase in the adoption of mobile device applications and platforms to drive the growth of the global cyber security in BFSI market. However, high cost and other issues associated with the execution of technical security measures hamper the global market growth. On the other hand, the rise in need for monitoring security and management services for enhancing banking operations and surging need for effectively managing larger risk in banks will present new opportunities for the market growth in the coming years.
Market Segmentation
The cyber security in BFSI market is segmented on the basis of component, deployment model, enterprise size, and region. By component, it is bifurcated into solution and services. By solution, it is further fragmented into identity & access management, infrastructure security, governance risk & compliance, unified vulnerability management service component, data security & privacy service component, and others. By deployment model, the market is categorized into on-premises and cloud. By enterprise size, the market is classified into large enterprise and SMEs. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Players
The key players profiled in the cyber security in BFSI market analysis are Cisco Systems, IBM Corporation, Microsoft Corporation, BAE Systems, Check Point Software Technologies, DXC Technology, Trend Micro Inc., FireEye Inc., Broadcom Inc., and MacAfee Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the cyber security in BFSI industry.
If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/4382
Based on region, North America was the largest market in 2021, capturing nearly one-third of the global cyber security in BFSI market. This is due to the rise in awareness regarding data security among banks, insurance firms, and financial institutions, and rise in number of cyberattacks. However, the market in Asia-Pacific is projected to maintain its leadership status in terms of revenue and manifest the fastest CAGR of 20.2% during the forecast period, owing to the adoption of new technologies such as AI & blockchain and robotics process in this region. The report also analyzes the Europe and LAMEA markets.
Based on component, the solution segment was the largest market in 2021, contributing to two-thirds of the global cyber security in BFSI market share, and is expected to maintain its leadership status during the forecast period. This is due to a rise in need for security and management services to enhance banking operations. On the other hand, the services segment is projected to witness the fastest CAGR of 20.2% from 2022 to 2031, owing to the increase in the demand for data breach detection service to detect the cloud data breach in the BFSI sector.
Based on deployment model, the on premise segment held the largest share of more than half of the global cyber security in BFSI market in 2021, owing to the increased need for securing critical data in on-premise data centers from cyberattacks and monitor the influx of data within the organization. However, the cloud segment is expected to maintain dominance in terms of revenue and witness the fastest CAGR of 20.0% from 2022 to 2031, owing to the increased use of mobile devices and the surge in the demand for scalable and agile solutions to monitor and give data access to cloud users.
Based on enterprise size, the large enterprises segment held the largest market share of more than three-fifths of the global cyber security in BFSI market in 2021, and is expected to maintain its dominance during the forecast period. This is due to the surge in the adoption of cyber security solutions by large enterprise for mitigating the risk of cyberattacks. However, the SMEs segment is projected to witness the highest CAGR of 20.2% from 2022 to 2031, owing to an increase in data theft and monitoring system architecture among SMEs to overcome the risk of cyberattacks.
Buy Now & Get Exclusive Discount on this Report (197 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/cyber-security-in-BFSI-market/purchase-options
COVID-19 Scenario
● The outbreak of the COVID-19 pandemic had a positive impact on the growth of cyber security in BFSI market, due to the rise in number of smartphone users, increase in adoption of connected devices, and the rapidly growing e-commerce industry.
● Moreover, during the pandemic, the cyber security in BFSI sector adopted & invested in technologies such as artificial intelligence (AI), machine learning (ML), and blockchain technology to deal with new directives & regulations.
Thanks for reading this article, you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
Other Trending Reports:
media monitoring tools market
consumer identity and access management market
About Us:
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300 | India (Pune): +91-20-66346060
David Correa
Allied Market Research
+1 800-792-5285
email us here
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