DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The "Global Cybersecurity in Financial Services Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The global cybersecurity in financial services market is expected to expand at a CAGR of 9.81%, leading to a global revenue of USD 42.66 Bn by 2023.

Incidents of data breaches are on the rise, thereby having an impact on the digitization of financial services like cashless payments via cards and mobiles. Hackers are finding this sector extremely vulnerable to prey upon. Thus, the threat of cyberattacks on the financial services sector is increasing and consultants are increasingly looking into ways to reduce such cyber risks. This is a major driver for the adoption of cybersecurity in the financial services sector.

In 2016, financial services customers suffered over 60% more cyberattacks than customers in any other sector. This increase in the number and scope of attacks on the financial sector is necessitating governmental actions and policies to curb it. Federal laws like National Cybersecurity Protection Advancement Act, Cybersecurity Information Sharing Act (CISA), etc. are helping accelerate the adoption of cybersecurity in the financial sector.

Based on end user industries, the card and mobile payments segment is expected to register a high growth rate through the forecast period of 2018-2023.

By solutions and services, the mobile enterprise management solution segment is expected to have the highest growth rate owing to its wide adoption in contactless payment systems within various industries.

By regions, Asia-Pacific is projected to grow with the highest CAGR through the forecast period of 2018-2023.

Companies Featured

Experian Information Solutions Inc. IBM Corporation Accenture PLC Airbus SE AlienVault Inc. Avast Software Alert Logic Inc. Agiliance Inc. AhnLab VMware

For more information about this report visit https://www.researchandmarkets.com/research/8jxw3f/42_66_billion?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005258/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:IT Security

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/22/2018 05:17 AM/DISC: 08/22/2018 05:17 AM

http://www.businesswire.com/news/home/20180822005258/en