- Published: February 2012
- Region: Global
Global Security Software for Financial Services Market 2010-2014
- ID: 1779431
- May 2011
- Region: Global
- 26 pages
TechNavio analysts forecast that the Global Security Software for Financial Services market will reach $6.9 billion in 2014. One of the key factors contributing to the growth of this market is rising compliance requirements and the penalty attached to compliance breaches. However, a lack of coordination among different departments, which may lead to the failure of the solution, could be a challenge to the growth of this market.
The Security Software for Financial Services market has also been witnessing a convergence of security solutions. Key vendors dominating this market space include Symantec, McAfee, IBM, and Trend Micro.
TechNavio’s report, Global Security Software for Financial Services Market 2010-2014, has been prepared based on in-depth qualitative and quantitative analysis of the market with inputs from industry experts. The report focuses on Americas, EMEA, and APAC and profiles vendors offering services to Financial Services companies.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends will this market witness?
What are the key factors driving market growth?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
01. Executive Summary
03. Market Landscape
04. Vendor Landscape
05. Market Growth Drivers
06. Market Challenges
07. Market Trends
08. Key Vendor Analysis
08.1 Symantec Corp.
08.2 McAfee Inc.
08.3 IBM Corp.
08.4 Trend Micro Inc.
09. Other Reports in this Series
List of Exhibits
Exhibit 1: Global Security Software for Financial Services Market 2010 - 2014 (US $ Billion)
Exhibit 2: Geographic Segmentation
Exhibit 3: Vendor Segmentation
Convergence a Key Trend in the Security Software for Financial Services Market
Research conducted by TechNavio reveals that the Global Security Software for Financial Services market is expected to grow at a CAGR of 13.7 percent. The report, which focuses on the Americas and EMEA, indicates that the market is currently driven by an increasing convergence of security solutions.
“Due to the rising need for different solutions such as anti-virus solutions, IPS solutions, and anti-spam solutions, the convergence of security solutions is an increasingly visible trend in the Security Software market. All the major security solutions providers now have a single solution which provides multiple security offerings such as firewall, anti-virus, anti-spam, etc.," report TechNavio analysts.
In spite of the demand for this software, the continued occurrence of false positives hinders the growth of this market. However, the exponential growth of critical data is expected to drive this market.
The Global Security Software for Financial Services market is marked by the increasing implementation of web-application security solutions. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.
The report, Global Security Software for Financial Services Market 2010-2014, is based on extensive research and inputs from industry experts, vendors, and end users. It examines the factors impacting the evolution of this market, including the key trends, drivers, and challenges. Further, it contains an in-depth understanding of the key vendors including a SWOT analysis for each vendor.
- Symantec Corp.
- McAfee Inc.
- IBM Corp.
- Trend Micro Inc.