DUBLIN, July 20, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/z4x47h/global_physical) has announced the addition of the "Global Physical Security Market in BFSI 2015-2019" report to their offering.
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The analysts forecast the global physical security market in BFSI sector to grow at a CAGR of 8.79% over the period 2014-2019.
The report, Global Physical Security Market in BFSI Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APA, and EMEA; it also covers the global physical security market landscape in BFSI sector and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
An IP video surveillance system includes a number of components such as cameras, video recorders, and storage devices. Private and public financial institutions are starting to use HD cameras, as they have high-quality imaging and 180 days of video storage. Also, IP cameras are inexpensive when compared to analog cameras, and they offer advantages such as scalability and flexibility.
According to the report, organizations are facing increased data theft and unauthorized access. The leakage of a company's confidential data on financials, customers, and even strategies can damage its brand value. This can also affect its customer base adversely. The BFSI sector faces threats both from within and from external sources, and therefore adopts monitoring solutions. Also, the increased use of ATMs and online banking solutions means that monitoring solutions are needed to ensure the security of customer information and money. Further, banks use data centers to store financial information and customer data, which needs to be secured. These factors have led to the rapid adoption of monitoring solutions.
Further, the report states that the high initial investments required to set up a physical security infrastructure is hindering the market growth.
To calculate the market size, the report considers the revenue generated from the sales of the following components:
Key Vendors
Other Prominent Vendors
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/z4x47h/global_physical
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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