Upcoming Allied Market Research
Banking Security Market

Banking Security Market

by Component (Software, Service), by Software Type (Video Surveillance, Access Control, Intrusion Detection, Physical Security Information Management), by Service Type (Consulting Training Service, Integration Service, Managed Service), by Application (Multi-Factor Authentication, Risk and Compliance, Safety and Security, Risk Management, Cyber Security) and by End User (Banks, Non-Banking Financial Institutions): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A08279
Pages: NA
Jul 2023 | 3709 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Banking Security Market

Request Now !

Globally, the market for banking security is experiencing a significant growth and it is forecasted to expand in the future, owing to rise in need for security in the banking sector. In addition, individuals and businesses make electronic transactions, the possibility of data breach rises every day. Banks need security to protect themselves from data breaches, hacking, financial fraud, and ransom-ware. Technological software solutions such as security audit, firewalls, anti-virus and anti-malware solutions, multifactor authentication, bio-metrics, and automated logouts have enhanced banking security. If bank is having a weak cyber security system, it may cost data breaches that could easily put customer data and money at potential risk.

Banking Security

COVID-19 scenario analysis:

  • While the world is struggling with COVID-19 pandemic, cyber criminals see it as an opportunity. IBM X-Force reported an increase of 4300% in spam related to COVID. 
  • Not only are businesses threatened, but end customers who access applications related to COVID-19 are also being fooled into installing ransom-ware applications. The situation has pushed banking and
  • financial institutions to alert their security systems.
  • Further, the work from home scenario and impact of rising risks from cyber-attacks has made finance institutions and banks technology dependent for security more than ever before.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis:

Rise in cyber-crimes in banking and financial institutes and surge in adoption of digital banking solution among end users drives the growth of the banking security market. However, increase in competition from FinTech companies and regulatory concerns hampers growth of the market. Furthermore, increase in digital banking platforms globally and rise in adoption of cloud based security solutions in developing countries provides great opportunities to the industry.

The global banking security market trends are as follows:

New mobile apps to flourish the market:

Major players in the market are introducing new security applications to enhance security of banks to improve customer experience. For instance, market leader OneSpan has released a security application for banks, which is mobile security suite. With help of mobile security suite, app bank customers can now safely transact and perform banking through mobile. It uses wide array of authentication methods such as One-Time-Password, usage biometrics, fingerprint, facial recognition, Out-of-band SMS and push, and geo-location. It also allows bank clients to e-sign documents; fulfill regulatory requirements for strong authentication, and app security. It also analyzes transaction risk and protects from app cloning. Raiffisen bank, Odea bank, BMO bank, and Deniz bank adopted mobile security suite app regarding mobile safety concerns.

Surge in demand for banking security technology

Presently, many banking and financial institutions were struggling to secure their IT-based assets and safeguard customer data. In the past Bank of America, Morgan Stanley, J P Morgan, Punjab National Bank, and banks had lost customer data and millions due to insider attacks, such as situations defined importance of security in banking. Criminals started targeting top-level executives and creating alliances before committing bigger crimes. As much as ever, banks have to be actively involved in controlling data security and handling cyber threats. Customers need both convenience of use and enhanced data and security practices. It necessitates the banking sector to incorporate multi-factor authentication, secure software, symmetric encryption, as well as other forms of data protection, such as biometrics.

Key benefits of the report:

  • This study presents the analytical depiction of the global banking security market along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Banking security market share.     
  • The current market is quantitatively analyzed to highlight the global banking security market growth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market. 

Questions answered in banking security market research report:    

  • Who are the leading market players active in the banking security market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the banking security market?
  • What are the projections for the future that would help in taking further strategic steps?

Banking Security Market Report Highlights

Aspects Details
By Component
  • Software
  • Service
By Software Type
  • Video Surveillance
  • Access Control
  • Intrusion Detection
  • Physical Security Information Management
By Service Type
  • Consulting &Training Service
  • Integration Service
  • Managed Service
By Application
  • Multi-Factor Authentication
  • Risk and Compliance
  • Safety and Security
  • Risk Management
  • Cyber Security
By End User
  • Banks
  • Non-Banking Financial Institutions
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Symantec Corporation, Booz Allen Hamilton, Inc., Sophos Group Plc, McAfee, Inc., Trend Micro Incorporated, Cisco Systems, Inc., IBM Corporation, EMC Corporation, Honeywell International, Inc., Computer Sciences Corporation

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.


Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Banking Security Market

Start reading.
This Report and over 54,961+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers