The market is increasingly dynamic with critical realities and trends related to Intense competition, advances in technology, frequent changes in end-user preferences, acquisition and mergers.
According to Technavio the demand for security solutions has risen
among banks and financial institutions due to an increase data breaches.
Amrita Choudhury, a lead analyst at Technavio for IT security believes that, to survive and succeed in an
intensely competitive environment, it becomes imperative for vendors to
distinguish their product and service offerings through a clear and unique
selling proposition.
Among top vendors for BFSI security
market, we have: BAE Systems, Check Point, Computer
Sciences Corporation (CSC), EMC,
IBM, NICE Systems, and Sophos.