Table of Contents
According to the Banking & Financial Services Cybersecurity: U.S. Market 2015-2020 report, published by Homeland Security Research Corp in November 2014, following a remarkable 23% annual market growth, the 2015 market will reach $9.5 billion, making the U.S. financial services cybersecurity market the world's largest non-government cybersecurity market. 67% of the U.S. Financials Services Cybersecurity market will come from the Banking Industry and Payment Card & Mobile Payment Sector. Furthermore, this report concludes that this market will be the fastest growing non-government cybersecurity market, exceeding $77 billion in cumulative 2015-2020 revenues.
According to the report, this unprecedented growth stems from the surge and sophistication of "successful” cyber-attacks against the U.S. major retail chains, banks & financial services enterprises during the past year, in which over 500 million customers’ bank records and payment cards have been compromised. These recent events urged the boardrooms of the U.S. financial institutions to take immediate action.
Some of the major security breaches include:
The July 2014 cyber-attack on JPMorgan Chase breaching the records of more than 83 million households and businesses
Target stores' payment cards and personally identifiable information (PII) on 70 million customers' compromised records
Intrusions into the IMF, Citibank, NASDAQ, Fidelity Investments and Google IT infrastructure
Questions answered in this 3-volume 704-page report include:
What will the market size and trends be during 2015 -2020?
Which are the sub-markets that provide attractive business opportunities?
What is the U.S. Financial Institutions industry structure?
Who are the decision-makers?
What drives the U.S. banking & financial services managers to purchase solutions and services?
What are the customers looking for?
What are the technology & services trends?
Where and what are the market opportunities?
What are the market drivers and inhibitors?
Who are the key vendors?
What are the challenges to market penetration & growth?
Get Industry Insights. Simply.
Talk to Amrita
+1 718 303 2019
“The rising security breaches targeting enterprises and increasing sophistication of cyber-attacks are driving the incident response services market” The incident response services market size is estimated ...
“The rise in phishing attacks and security breaches will drive the ransomware protection market” The ransomware protection market size is expected to grow from USD 8.16 billion in 2016 to USD 17.36 ...
“Rising instances of enterprise targeted cyber-attacks and threats are expected to drive the Middle East cyber security market” The Middle East cyber security market size is expected to grow from USD ...