Market Overview:
The global vulnerability scanning in BFSI market is expected to grow from USD 1.02 Billion in 2018 to USD 2.48 Billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of the market can be attributed to the increasing number of cyber-attacks on financial institutions and the need for proactive security measures to protect critical data and infrastructure from such attacks. The global vulnerability scanning in BFSI market is segmented by type, application, and region. By type, the market is divided into software type and hardware type. By application, it is classified into banking, insurance companies, securities firms, other financial institutions (OFI), and others (government organizations). By region, it is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U K Rest Of Europe), Asia Pacific excluding Japan)APeJ)China India Australia South Korea Rest Of APeJ),and Middle East & Africa(MEA)(Israel Saudi Arabia UAE Qatar South Africa Rest Of MEA).
Product Definition:
Vulnerability scanning is the process of identifying security vulnerabilities in computer systems or networks. It involves using software to probe systems for known weaknesses, in order to find and fix them before they can be exploited by hackers. In the banking and financial services industry, vulnerability scanning is essential for ensuring the safety of customer data. By identifying and fixing vulnerabilities early on, organizations can help protect their customers from identity theft, fraud, and other online threats.
Software Type:
Software Type is a tool that helps in classifying the type of software or application affected by a vulnerability. It also helps to identify the severity of the vulnerability which may range from low to high critical. The information gathered through Software Type is used by security vendors and system administrators for prioritizing their efforts and deploying mitigation strategies accordingly.
Hardware Type:
Hardware Type is a tool that helps in vulnerability scanning of the network. It's used to identify all the devices connected to a network and check whether they are vulnerable or not to attack by hackers.
In banking, insurance and other financial institutions, it's very important for them to scan their networks regularly so that any loopholes can be closed at an early stage so that no customer information gets leaked out.
Application Insights:
The banking segment dominated the global vulnerability scanning in BFSI market, accounting for over 40% of the overall revenue share in 2017. The increasing use of penetration testing services by banks to identify and mitigate security vulnerabilities is one of the key factors driving growth. Moreover, a rising number of cyberattacks that target online banking systems is also expected to drive demand over the forecast period.
Insurance companies are adopting various strategies such as internal training & awareness programs for their employees related to cybersecurity threats so as to avoid potential breaches and subsequent losses caused due to frauds or cyberattacks. Furthermore, an increase in penetration testing activities carried out by insurance companies against their own IT infrastructure is also expected drive growth over the forecast period.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to increasing cyberattacks and data breaches, which has led to growing demand for vulnerability scanning in North America. For instance, in March 2018, Target Corporation announced a data breach affecting up to 110 million customers from 2013-2015.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising regulatory inclination towards risk assessment of online transactions coupled with implementation of new regulations by Indian Banks Association (IBA), Reserve Bank Of India (RBI) and other national regulatory bodies pertaining security measures for online banking transactions.
Growth Factors:
- Increased focus on information security by organizations in the BFSI sector
- The increasing number of cyber-attacks and data breaches in the BFSI sector
- The growing trend of BYOD and CYOD policies in the BFSI sector
- The increasing adoption of cloud-based services by organizations in the BFSI sector
- The need to comply with various regulations and standards such as PCI DSS, GDPR, etc., that mandate vulnerability scanning
Scope Of The Report
Report Attributes
Report Details
Report Title
Vulnerability Scanning in BFSI Market Research Report
By Type
Software Type, Hardware Type
By Application
Banking, Insurance Companies, Securities, Other Financial Institutions
By Companies
Symantec, Intel Security, IBM, Cisco, Trend Micro, Dell, Check Point, Juniper Networks, Kaspersky, Hewlett Packard, Microsoft, Huawei, Palo Alto Networks, FireEye, AT&T Cybersecurity, AVG Technologies, Fortinet, ESET, Venustech, H3C Technologies, NSFOCUS
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Vulnerability Scanning in BFSI Market Report Segments:
The global Vulnerability Scanning in BFSI market is segmented on the basis of:
Types
Software Type, Hardware Type
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
Banking, Insurance Companies, Securities, Other 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:
- Symantec
- Intel Security
- IBM
- Cisco
- Trend Micro
- Dell
- Check Point
- Juniper Networks
- Kaspersky
- Hewlett Packard
- Microsoft
- Huawei
- Palo Alto Networks
- FireEye
- AT&T Cybersecurity
- AVG Technologies
- Fortinet
- ESET
- Venustech
- H3C Technologies
- NSFOCUS
Highlights of The Vulnerability Scanning in BFSI 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:
- Software Type
- Hardware Type
- By Application:
- Banking
- Insurance Companies
- Securities
- Other 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 Vulnerability Scanning in BFSI 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.
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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?
Vulnerability scanning is a process of systematically searching for vulnerabilities in computer systems. Vulnerabilities can be either inherent in the software or hardware, or they can be caused by user error. Once a vulnerability is identified, it can be exploited to gain access to sensitive information or to cause damage to the system.
Some of the major companies in the vulnerability scanning in bfsi market are Symantec, Intel Security, IBM, Cisco, Trend Micro, Dell, Check Point, Juniper Networks, Kaspersky, Hewlett Packard, Microsoft, Huawei, Palo Alto Networks, FireEye, AT&T Cybersecurity, AVG Technologies, Fortinet, ESET, Venustech, H3C Technologies, NSFOCUS.
The vulnerability scanning in bfsi market is expected to grow at a compound annual growth rate of 12.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vulnerability Scanning in BFSI Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vulnerability Scanning in BFSI Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vulnerability Scanning in BFSI Market - Supply Chain
4.5. Global Vulnerability Scanning in BFSI Market Forecast
4.5.1. Vulnerability Scanning in BFSI Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vulnerability Scanning in BFSI Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vulnerability Scanning in BFSI Market Absolute $ Opportunity
5. Global Vulnerability Scanning in BFSI Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vulnerability Scanning in BFSI Market Size and Volume Forecast by Type
5.3.1. Software Type
5.3.2. Hardware Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vulnerability Scanning in BFSI Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vulnerability Scanning in BFSI Market Size and Volume Forecast by Application
6.3.1. Banking
6.3.2. Insurance Companies
6.3.3. Securities
6.3.4. Other Financial Institutions
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vulnerability Scanning in BFSI Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vulnerability Scanning in BFSI Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vulnerability Scanning in BFSI Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vulnerability Scanning in BFSI Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vulnerability Scanning in BFSI Demand Share Forecast, 2019-2029
9. North America Vulnerability Scanning in BFSI Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vulnerability Scanning in BFSI Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vulnerability Scanning in BFSI Market Size and Volume Forecast by Application
9.4.1. Banking
9.4.2. Insurance Companies
9.4.3. Securities
9.4.4. Other Financial Institutions
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vulnerability Scanning in BFSI Market Size and Volume Forecast by Type
9.7.1. Software Type
9.7.2. Hardware Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vulnerability Scanning in BFSI Demand Share Forecast, 2019-2029
10. Latin America Vulnerability Scanning in BFSI Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vulnerability Scanning in BFSI Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vulnerability Scanning in BFSI Market Size and Volume Forecast by Application
10.4.1. Banking
10.4.2. Insurance Companies
10.4.3. Securities
10.4.4. Other Financial Institutions
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vulnerability Scanning in BFSI Market Size and Volume Forecast by Type
10.7.1. Software Type
10.7.2. Hardware Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vulnerability Scanning in BFSI Demand Share Forecast, 2019-2029
11. Europe Vulnerability Scanning in BFSI Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vulnerability Scanning in BFSI Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vulnerability Scanning in BFSI Market Size and Volume Forecast by Application
11.4.1. Banking
11.4.2. Insurance Companies
11.4.3. Securities
11.4.4. Other Financial Institutions
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vulnerability Scanning in BFSI Market Size and Volume Forecast by Type
11.7.1. Software Type
11.7.2. Hardware Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vulnerability Scanning in BFSI Demand Share, 2019-2029
12. Asia Pacific Vulnerability Scanning in BFSI Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vulnerability Scanning in BFSI Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vulnerability Scanning in BFSI Market Size and Volume Forecast by Application
12.4.1. Banking
12.4.2. Insurance Companies
12.4.3. Securities
12.4.4. Other Financial Institutions
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vulnerability Scanning in BFSI Market Size and Volume Forecast by Type
12.7.1. Software Type
12.7.2. Hardware Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vulnerability Scanning in BFSI Demand Share, 2019-2029
13. Middle East & Africa Vulnerability Scanning in BFSI Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vulnerability Scanning in BFSI Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vulnerability Scanning in BFSI Market Size and Volume Forecast by Application
13.4.1. Banking
13.4.2. Insurance Companies
13.4.3. Securities
13.4.4. Other Financial Institutions
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vulnerability Scanning in BFSI Market Size and Volume Forecast by Type
13.7.1. Software Type
13.7.2. Hardware Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vulnerability Scanning in BFSI Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Vulnerability Scanning in BFSI Market: Market Share Analysis
14.2. Vulnerability Scanning in BFSI Distributors and Customers
14.3. Vulnerability Scanning in BFSI Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Symantec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Intel Security
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IBM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cisco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Trend Micro
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Check Point
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Juniper Networks
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kaspersky
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hewlett Packard
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Microsoft
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Huawei
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Palo Alto Networks
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. FireEye
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. AT&T Cybersecurity
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. AVG Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Fortinet
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ESET
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Venustech
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. H3C Technologies
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
