Market Overview

$42.66 Billion Opportunity for Cybersecurity in the Global Financial Services Market by 2023 - Mobile Enterprise Management Solutions to Grow at the Highest Rate -


The "Global
Cybersecurity in Financial Services Market (2018-2023)"
has been added to's offering.

The global cybersecurity in financial services market is expected to
expand at a CAGR of 9.81%, leading to a global revenue of USD 42.66 Bn
by 2023.

Incidents of data breaches are on the rise, thereby having an impact on
the digitization of financial services like cashless payments via cards
and mobiles. Hackers are finding this sector extremely vulnerable to
prey upon. Thus, the threat of cyberattacks on the financial services
sector is increasing and consultants are increasingly looking into ways
to reduce such cyber risks. This is a major driver for the adoption of
cybersecurity in the financial services sector.

In 2016, financial services customers suffered over 60% more
cyberattacks than customers in any other sector. This increase in the
number and scope of attacks on the financial sector is necessitating
governmental actions and policies to curb it. Federal laws like National
Cybersecurity Protection Advancement Act, Cybersecurity Information
Sharing Act (CISA), etc. are helping accelerate the adoption of
cybersecurity in the financial sector.

Based on end user industries, the card and mobile payments segment is
expected to register a high growth rate through the forecast period of

By solutions and services, the mobile enterprise management solution
segment is expected to have the highest growth rate owing to its wide
adoption in contactless payment systems within various industries.

By regions, Asia-Pacific is projected to grow with the highest CAGR
through the forecast period of 2018-2023.

Companies Featured

  • Experian Information Solutions Inc.
  • IBM Corporation
  • Accenture PLC
  • Airbus SE
  • AlienVault Inc.
  • Avast Software
  • Alert Logic Inc.
  • Agiliance Inc.
  • AhnLab
  • VMware

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