Market Overview:
The global banking security market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing instances of cyber-attacks and data breaches in the banking sector, and the need for banks and other financial institutions to deploy robust security solutions to protect their critical infrastructure and customer data. The video surveillance segment is expected to be the fastest-growing segment of the global banking security market, owing to the increasing demand for video surveillance solutions for perimeter protection, access control, and incident detection purposes. The North America region is expected to account for the largest share of the global banking security market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Banking security is the protection of financial transactions and accounts from unauthorized access or theft. This can include measures such as user authentication, data encryption, firewalls, and fraud detection systems. Banking security is important because it helps protect against financial losses due to identity theft or fraud, as well as maintain the privacy of customer data.
Video Surveillance:
Video surveillance is the systematic process of recording visual information. It is used to observe or monitor events occurring in a particular environment. Video surveillance systems are widely used by banks and other private organizations for security purposes. The video monitoring system can be either analog or digital based on the need of the organization and can be linked to alarm & detection devices for triggering alerts when needed, this further helps in reducing losses & frauds as well as detects any illegal activities taking place within an premises.
Access Control:
Access control is a security system that controls who can enter a place. It's used in banks to prevent frauds and theft. The banking industry has been witnessing an increase in the number of fraudulent transactions over the years, which has led to growing awareness among customers about security systems and their benefits.
Application Insights:
The banks segment dominated the global banking security market in 2017 and is expected to maintain its lead over the forecast period. The growing number of retail customers and their increasing demand for online banking are among the key factors driving this segment. Furthermore, a rise in cyberattacks that targeted financial institutions across various regions has reinforced the need for robust security systems at banks. Non-banking financial institutions (NBFI) are expected to witness significant growth over the forecast period owing to increased awareness about safety against cyberattacks, frauds, and other criminal activities carried out on an electronic platform or via paperless transactions.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to stringent regulations laid down by various regulatory bodies, such as FSB (Financial Stability Board), OSC (Office of the Superintendent of Currency), and NCUA (National Credit Union Administration). These regulatory requirements focus on ensuring financial stability, which is a major concern for policymakers across all regions. This has led to an increase in spending on banking security systems across North America.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing cybercrimes and frauds committed online worldwide. According to Kaspersky Lab Global Threat Report 2018, cyberattacks have grown exponentially worldwide over past few years with more than 50% increase in volume compared with 2013 year endings; this trend is projected continue through 2018 despite some decrease at end-of-year review period.
Growth Factors:
- Increasing demand for online and mobile banking from consumers and businesses
- Proliferation of cyber-attacks and data breaches, which is motivating organizations to invest in security solutions
- The need to comply with regulations such as the Payment Card Industry Data Security Standard (PCI DSS) and the General Data Protection Regulation (GDPR)
- The growing trend of digital transformation, which is prompting organizations to adopt new technologies such as cloud computing, big data analytics, and artificial intelligence that can increase the risk of cyber-attacks
- The increasing use of financial services by consumers and businesses through mobile devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Banking Security Market Research Report
By Type
Video Surveillance, Access Control, Intrusion Detection, Physical Security Information Management, Others
By Application
Banks, Non-Banking Financial Institutions
By Companies
OneSpan, IBM Corporation, AO Kaspersky Lab., Blackstratus, Inc., McAfee, Alert Logic, Inc., Cronus Cyber Technology Ltd., Verodin, Inc., XM Cyber Ltd., Guardicore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Banking Security Market Report Segments:
The global Banking Security market is segmented on the basis of:
Types
Video Surveillance, Access Control, Intrusion Detection, Physical Security Information Management, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banks, Non-Banking Financial Institutions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OneSpan
- IBM Corporation
- AO Kaspersky Lab.
- Blackstratus, Inc.
- McAfee
- Alert Logic, Inc.
- Cronus Cyber Technology Ltd.
- Verodin, Inc.
- XM Cyber Ltd.
- Guardicore
Highlights of The Banking Security Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Video Surveillance
- Access Control
- Intrusion Detection
- Physical Security Information Management
- Others
- By Application:
- Banks
- Non-Banking Financial Institutions
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Banking Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Banking security is the process of protecting the financial information and systems of a bank from unauthorized access, use, or disclosure.
Some of the key players operating in the banking security market are OneSpan, IBM Corporation, AO Kaspersky Lab., Blackstratus, Inc., McAfee, Alert Logic, Inc., Cronus Cyber Technology Ltd., Verodin, Inc., XM Cyber Ltd., Guardicore.
The banking security market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Banking Security Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Banking Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Banking Security Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Banking Security Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Banking Security Market Size & Forecast, 2018-2028
4.5.1 Banking Security Market Size and Y-o-Y Growth
4.5.2 Banking Security Market Absolute $ Opportunity
Chapter 5 Global Banking Security Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Banking Security Market Size Forecast by Type
5.2.1 Video Surveillance
5.2.2 Access Control
5.2.3 Intrusion Detection
5.2.4 Physical Security Information Management
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Banking Security Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Banking Security Market Size Forecast by Applications
6.2.1 Banks
6.2.2 Non-Banking Financial Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Banking Security Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Banking Security Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Banking Security Analysis and Forecast
9.1 Introduction
9.2 North America Banking Security Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Banking Security Market Size Forecast by Type
9.6.1 Video Surveillance
9.6.2 Access Control
9.6.3 Intrusion Detection
9.6.4 Physical Security Information Management
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Banking Security Market Size Forecast by Applications
9.10.1 Banks
9.10.2 Non-Banking Financial Institutions
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Banking Security Analysis and Forecast
10.1 Introduction
10.2 Europe Banking Security Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Banking Security Market Size Forecast by Type
10.6.1 Video Surveillance
10.6.2 Access Control
10.6.3 Intrusion Detection
10.6.4 Physical Security Information Management
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Banking Security Market Size Forecast by Applications
10.10.1 Banks
10.10.2 Non-Banking Financial Institutions
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Banking Security Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Banking Security Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Banking Security Market Size Forecast by Type
11.6.1 Video Surveillance
11.6.2 Access Control
11.6.3 Intrusion Detection
11.6.4 Physical Security Information Management
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Banking Security Market Size Forecast by Applications
11.10.1 Banks
11.10.2 Non-Banking Financial Institutions
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Banking Security Analysis and Forecast
12.1 Introduction
12.2 Latin America Banking Security Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Banking Security Market Size Forecast by Type
12.6.1 Video Surveillance
12.6.2 Access Control
12.6.3 Intrusion Detection
12.6.4 Physical Security Information Management
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Banking Security Market Size Forecast by Applications
12.10.1 Banks
12.10.2 Non-Banking Financial Institutions
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Banking Security Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Banking Security Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Banking Security Market Size Forecast by Type
13.6.1 Video Surveillance
13.6.2 Access Control
13.6.3 Intrusion Detection
13.6.4 Physical Security Information Management
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Banking Security Market Size Forecast by Applications
13.10.1 Banks
13.10.2 Non-Banking Financial Institutions
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Banking Security Market: Competitive Dashboard
14.2 Global Banking Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OneSpan
14.3.2 IBM Corporation
14.3.3 AO Kaspersky Lab.
14.3.4 Blackstratus, Inc.
14.3.5 McAfee
14.3.6 Alert Logic, Inc.
14.3.7 Cronus Cyber Technology Ltd.
14.3.8 Verodin, Inc.
14.3.9 XM Cyber Ltd.
14.3.10 Guardicore
