The global BFSI crisis management market reached a value of US$ 11.24 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 31.16 Billion by 2027, exhibiting at a CAGR of 18.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Banking, financial services, and insurance (BFSI) crisis management represents one of the latest advancements in financial technology. It relies on artificial intelligence (AI), cloud computing, machine learning (ML), and big data to deal with different incidents and potential emergency situations in the banking industry. Besides this, it also assists in protecting the reliability and credibility of the financial institution network. As the BFSI crisis management solution providers are improving financial services, risk mitigation and fraud detection, and cyber security, its demand is escalating around the world.
At present, there is a rise in the need to protect an organization’s reputation and manage threats related to financial viability, employee health, and overall public safety. This represents one of the key factors catalyzing the demand for crisis management solutions worldwide. These solutions find a wide range of applications in numerous business areas, such as lending, international money transfers, personal finance, equity financing, and insurance. In addition, there is a considerable increase in the volume of data produced by large enterprises. This, in confluence with the rapid adoption of digitalized platforms and network solutions by financial institutions and banks to operate their businesses, is creating a favorable market outlook. Furthermore, developing countries across the globe are offering lucrative growth opportunities for crisis management solution providers to expand their product portfolios. This, along with increasing focusing on making improvements in customer experience while availing financial products and services, is contributing to the growth of the market. Other major factors, including the growing awareness about financial technology, and an extensive expansion of the BFSI industry, are projected to drive the market.
The publisher provides an analysis of the key trends in each sub-segment of the global BFSI crisis management market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment type, enterprises size, application and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 4C Group AB, Beekeeper AG, Everbridge Inc., International Business Machines Corporation, Logicgate Inc., Metricstream Inc., NCC Group, Noggin Pty Ltd, Rockdove Solutions Inc., Sas Institute Inc., Software Aktiengesellschaft and Veoci Inc.
Banking, financial services, and insurance (BFSI) crisis management represents one of the latest advancements in financial technology. It relies on artificial intelligence (AI), cloud computing, machine learning (ML), and big data to deal with different incidents and potential emergency situations in the banking industry. Besides this, it also assists in protecting the reliability and credibility of the financial institution network. As the BFSI crisis management solution providers are improving financial services, risk mitigation and fraud detection, and cyber security, its demand is escalating around the world.
BFSI Crisis Management Market Trends:
At present, there is a rise in the need to protect an organization’s reputation and manage threats related to financial viability, employee health, and overall public safety. This represents one of the key factors catalyzing the demand for crisis management solutions worldwide. These solutions find a wide range of applications in numerous business areas, such as lending, international money transfers, personal finance, equity financing, and insurance. In addition, there is a considerable increase in the volume of data produced by large enterprises. This, in confluence with the rapid adoption of digitalized platforms and network solutions by financial institutions and banks to operate their businesses, is creating a favorable market outlook. Furthermore, developing countries across the globe are offering lucrative growth opportunities for crisis management solution providers to expand their product portfolios. This, along with increasing focusing on making improvements in customer experience while availing financial products and services, is contributing to the growth of the market. Other major factors, including the growing awareness about financial technology, and an extensive expansion of the BFSI industry, are projected to drive the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global BFSI crisis management market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment type, enterprises size, application and end user.
Breakup by Component:
- Software
- Services
Breakup by Deployment type:
- On-premises
- Cloud-based
Breakup by Enterprises Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Application:
- Disaster Recovery and Business Continuity
- Risk and Compliance Management
- Crisis Communication
- Incident Management and Response
- Others
Breakup by End User:
- Banks
- Insurance Companies
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 4C Group AB, Beekeeper AG, Everbridge Inc., International Business Machines Corporation, Logicgate Inc., Metricstream Inc., NCC Group, Noggin Pty Ltd, Rockdove Solutions Inc., Sas Institute Inc., Software Aktiengesellschaft and Veoci Inc.
Key Questions Answered in This Report:
- How has the global BFSI crisis management market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global BFSI crisis management market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the enterprises size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global BFSI crisis management market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global BFSI Crisis Management Market
What is the estimated value of the Global BFSI Crisis Management Market?
What is the growth rate of the Global BFSI Crisis Management Market?
What is the forecasted size of the Global BFSI Crisis Management Market?
Who are the key companies in the Global BFSI Crisis Management Market?
Report Attribute | Details |
---|---|
No. of Pages | 147 |
Published | March 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 11.24 Billion |
Forecasted Market Value ( USD | $ 31.16 Billion |
Compound Annual Growth Rate | 18.5% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global BFSI Crisis Management Market
6 Market Breakup by Component
7 Market Breakup by Deployment type
8 Market Breakup by Enterprises Size
9 Market Breakup by Application
10 Market Breakup by End User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 4C Group AB
- Beekeeper AG
- Everbridge Inc.
- International Business Machines Corporation
- Logicgate Inc.
- Metricstream Inc.
- NCC Group
- Noggin Pty Ltd
- Rockdove Solutions Inc.
- Sas Institute Inc.
- Software Aktiengesellschaft
- Veoci Inc.
Methodology
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