The BFSI security market was valued at USD 67.4 Billion in 2023 and is anticipated to grow CAGR at 9.1% to reach USD 147.8 Billion by 2032. BFSI security encompasses tools designed to mitigate the risk of cyber threats and attacks within the banking, financial services, and insurance sectors.
The increased prevalence of cyber-attacks targeting banks and financial institutions has spurred a notable surge in demand for BFSI security measures. This heightened demand is driven by the imperative to safeguard customer data and adapt to evolving security standards within these organizations.