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U.S. Banking & Financial Services Cybersecurity Market to Reach $9.5 Billion by 2015 Following an Unprecedented Annual Hike of 23%
  • USA - English


News provided by

Homeland Security Research Corp

Nov 13, 2014, 10:00 ET

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US Financial Services Cybersecurity Market 2014-2020
US Financial Services Cybersecurity Market 2014-2020

Washington D.C. (PRWEB) November 13, 2014 -- According to the new Banking & Financial Services Cybersecurity: U.S. Market 2015-2020 report, published by Homeland Security Research Corp. (HSRC), the surge and sophistication of "successful” cyber-attacks against the U.S. major retail chains, banks & financial services enterprises during the past year, in which over 500 million customers’ bank records and payment cards have been compromised, urged the boardrooms of the U.S. financial institutions to take action.

Some of the major security breaches include:

67% of the U.S. Financials Services Cybersecurity market will come from the Banking, Payment Card & Mobile Payment Sectors

Post this
  • The July 2014 cyber-attack on JPMorgan Chase breaching the records of more than 83 million households and businesses
  • Target stores' payment cards and personally identifiable information (PII) on 70 million customers' compromised records
  • Intrusions into the IMF, Citibank, NASDAQ, Fidelity Investments and Google IT infrastructure

According to the report, following a remarkable 23% annual market growth, the 2015 market will reach $9.5 billion, making the U.S. financial services cybersecurity market the largest non-government cybersecurity market. In addition, the report concludes that this market will be the fastest growing non-government cybersecurity market, exceeding $77 billion in cumulative 2015-2020 revenues.

This comprehensive market research is based on three independent sources:

1. Hundreds of interviews and meetings with financial institutions CEOs, CISOs and CIOs, as well as cybersecurity industry executives and world-class experts

2. A meta-study which integrated the findings of eight individual surveys performed by other market research teams (e.g., Verizon, IBM, DTCC, SANS survey for: Blue Coat, FireEye, ForeScout, Raytheon, Sourcefire Tenable Network, and New York State, Department of Financial Services, Accenture, Zurich Insurance and more). This meta-study included thousands of responders.

3. HSRC’s October 2014 survey of financial industry CEOs, Chief Information Security Officers (CISO), Chief Information Officers (CIO) and cybersecurity industry experts.

The report examines each dollar spent in the market via two orthogonal money trails: Technology & Service sectors and the Banking & Financial Services Industry sector that procure the products & services. Within these trails, the report is further granulated into 25 sub-markets, 18 technologies, solutions & services and 7 financial industry sectors.

Also included in this report is a roster of 21,643 banking and financial services enterprises that are potential cybersecurity customers. 87% of the listed enterprises include corporate contact information. Provided in an Excel file, the roster is segmented into 10 U.S. financial industry sectors (e.g., Banks, Credit Card Issuers, Credit Unions, Insurance Companies, Pension Funds, Accounting Companies, Stock Brokerage Companies, Stock Exchanges, Mortgage Companies and Real Estate Investment Companies.

The report presents in 704 pages and 259 tables & figures, analysis of 23 current and pipeline services & technologies and 193 leading cybersecurity vendors. It is explicitly tailored for both the cybersecurity industry and banking & financial services industry decision-makers. The report details market & legislation trends, and enables the two communities to identify business opportunities, present and pipeline technologies, market size, drivers and inhibitors. It also provides for each submarket 2013 -2014 data, analyses, and projects the 2015-2020 market and technologies from several perspectives, including:

  • Business opportunities and challenges
  • SWOT analysis
  • Market analysis (e.g., market dynamics, market drivers and inhibitors)
  • 2013-2020 market size data & forecasts, current & emerging technologies & services, key facts, sector background and analysis of the following 18 sub-markets:

1. Endpoint Security
2. Identity and Access Management
3. Mobile Enterprise Management
4. Mobile Security
5. Security Information and Event Management
6. Content Security
7. Data Loss Prevention (DLP)
8. Datacenter Security
9. Firewall
10. Next Generation Firewall
11. IDS/IPS
12. Unified Threat Management
13. Cloud-Based Services
14. Vulnerability/Risk Management & Managed Security Services
15. Consulting Services
16. Integration Services
17. Education and Training Services
18. Forensics, VPN, Web Security, Policy & Compliance and Other Services

2013-2020 market size data & forecasts, key facts and analysis of 7 banking & financial services sectors including:
1. U.S. Banking Industry
2. U.S. Insurance Industry
3. U.S. Payment Card & Mobile Payment Providers and Retailers industry
4. U.S. Government Related Financial Services industry
5. U.S. Stock Brokerages & Exchanges
6. U.S. Pension Funds industry
7. U.S. Credit Unions, Investment Funds, Accountancy Companies & Other financial sectors

The report includes the following 8 Appendices:
1. Appendix A: Other Banking & Financial Services Cybersecurity Solutions
2. Appendix B: Techno-Tactical Trends
3. Appendix C: Cyberspace Layers
4. Appendix D: Cybersecurity Standards
5. Appendix E: The E.U. Banking and Financial Services Security Regulations
6. Appendix F: Payment Card Transactions & Security Systems
7. Appendix G: Financial Sector Acronyms & Glossary
8. Appendix H: NIST - Framework for Improving Critical Infrastructure Cybersecurity

  • 191 Cybersecurity companies operating in the market (profiles, contact information & management personnel) including:

41st Parameter, Accenture, Agiliance, AhnLab, Airbus, AirWatch, Akamai, Alert Logic, AlertEnterprise, AlienVault, Alt-N Technologies, Application Security, AppSense Limited, Arbor Networks, Attachmate, Authentify, AVAST Software, Aveksa, AVG Technologies, Avira, Barracuda Networks, Beyond Security, BeyondTrust, Bit9, Bitdefender, BlackBerry, BlackStratus, Blue Coat Systems, BoxTone, Bromium, BullGuard, Cassidian Communications, Inc., Catbird Networks, Centrify, Cenzic, Check Point, CipherCloud, Cisco Systems Inc, Clearswift, Click Security, CloudFlare, CloudLock, Code Green Networks, Commtouch Software, Comodo, CORE Security, Corero Network Security, Courion,Covisint, CrowdStrike Holdings, CSID, Cyber Operations, Cyber-Ark, CyberArk Software, Cyberoam, Cyren, Damballa, DigiCert, Digital Info Security Company, EdgeWave, EiQ Networks, Elbit Systems,Enterasys Networks, Entrust, ESET, Exobox Technologies Corp, Extreme Networks, Faronics Technologies, Fast facts, Fiberlink, Fidelis Security Systems, FireEye, FireMon, ForeScout Technologies, FoxGuard Solutions, F-Secure, Fulcrum IT Services Company, LLC, G2 Web Services,Gemalto, General Dynamics, GFI Software, Good Technology, Guardian Analytics, Guidance Software, Hewlett-Packard Co, HyTrust, ID Analytics, Igloo Security Inc, Imprivata, Intel Security Group, International Business Machines Corp, Intrusion Inc, IOActive, Iovation, Juniper Network,Kaspersky Lab, L-3 Communications, Lacoon Security Ltd, Lancope, LANDesk Software, LogRhythm, Lookingglass Cyber Solutions, Lookout Mobile, Lumension Security, M5 Network Security, Mandiant, Mantech International Corp, Memento, Merlin International, MessageLabs, MetricStream, Mobile Active Defense, Mobile Vault, MobileIron, Mobilityone Ltd, Mocana, MU Dynamics, N-Dimension Solutions, NetCentrics Corporation, Network Security Systems, Nics Tech Co., Ltd., NIKSUN, NSS Labs, Inc., Odyssey Technologies, Okta, OpenDNS, Palantir Technologies Inc, Palo Alto Networks Inc, Panda Security, ParetoLogic, Perimeter Internetworking Corp., PerspecSys, Ping Identity, Prolexic Technologies, Proofpoint, Qualys, Inc., Quick Heal Technologies (P) Ltd., QUMAS, QuoVadis,Radware Ltd, Rapid7, Raytheon Pikewerks Corporation, Red Lambda Inc., ReD plc, RedSeal Networks, Inc., Retail Decisions Plc, RLM Communications, Inc., RSA Security LLC, SafeNet, Inc., SailPoint Technologies, Inc., SAINT Corporation, Salient Federal Solutions, Inc., SecurityMetrics, Senetas Corp Ltd, SilverSky, Skybox Security Inc., SolarWinds, Solera Networks Inc., Sophos Ltd., Sotera Defense Solutions, Inc., Splunk Inc., Stormshield Network Security (Formerly: NETASQ S.A.), Strikeforce Technologies, Symantec Corporation, Sympli ied, Inc., Synectics Plc, Tangoe, TeleSign Corp., Tenable Network Security, Thales, The KEYW Holding Corporation, ThreatMetrix, TIBCO Software, TraceSecurity, Trend Micro Inc, Tripwire, Trusteer, Trustwave, Utimaco Safeware, Inc., Vanguard Integrity Professionals, Inc., Varonis Systems, VASCO Data Security International, Venafi, Veracode, Verdasys, Verint Systems Inc, WatchGuard Technologies, Webroot, WhiteHat Security, Workshare Technology, Zix Corporation, Zscaler

The report includes contact information of 87% of the following U.S. financial institutions in an attached Excel file:

  • 6665 Banks
  • 770 Credit Card Issuers
  • 6977 Credit Unions
  • 944 Insurance Companies
  • 252 Pension Funds
  • 1277 Accounting Companies
  • 3817 Stock Brokerage Companies
  • 18 Stock Exchanges
  • 831 Mortgage Companies
  • 92 Real Estate Investment Companies

Total 21,643

Explore more Homeland Security and Public Safety Reports at http://www.homelandsecurityresearch.com.
About Homeland Security Research Corp. (HSRC)

HSRC is a Washington, D.C. based international market research and strategic consulting firm serving the Homeland Security and Public Safety communities. HSRC provides premium market, present & emerging technologies and industry expertise, enabling our global clients to gain critical insight into the business opportunities that exist within the Homeland Security & Public Safety markets. Government clients include the U.S. Congress, DHS, U.S. Army, U.S. Navy, NATO, U.K., Japan, Korea, Taiwan, Israel, Canada, Germany, Australia, Sweden, Finland, and Singapore; DOD, DOT, GAO, and the EU are among others. HSRC serves over 650 private sector clients, including all major defense and security contractors and many Fortune 500 companies. 70% of our reports are acquired by repeat customers

Shelli Amit, Homeland Security Research Corp, http://www.homelandsecurityresearch.com, +1 (202)-459-9033, [email protected]

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