Rising Number of Cyber-attacks to Augment Growth of Financial Services Security Software Market in U.S.


Published Date : Sep 06, 2016

ALBANY, NY, Sep 06, 2016: A new market research report has recently been added by MarketResearchReports.biz to its comprehensive collection of research reports. The 104-page research study, titled “United States Financial Services Security Software Market Report 2021,” offers a thorough overview, focusing on the current trends in the market. The research study further covers the potential opportunities and challenges in the financial services security software market in the U.S., along with the product segmentation, geographical segmentation, and the vendor reports.

The rising penetration of the internet across diverse industries has resulted in a growing demand for security products across the globe. As organizations are becoming more reliant on the internet services and technology, the company data needs to be used, shared, and accessed quickly by a large number of customers, employees, and suppliers. Moreover, the rising number of security breaches in recent years demands strict unified and compliance security packages in order to protect the confidential data of diverse organizations, especially in the banking, financial services and insurance sector. These factors are expected to augment the growth of the U.S. financial services security software market in the near future.

Most of the financial services organizations are conspicuously moving towards digitalization and are adopting innovative ways to expand their consumer base. However, professional hackers are approving new methods of attacks, such as ransomware, spear phishing, mobile malware, and massive data theft. Cyber-attacks against financial services organizations are more sophisticated, frequent, and widespread than ever before, owing to which financial services security software is being used extensively in the U.S.

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Furthermore, financial service providers in the U.S. are taking initiatives to modernize their services and products, thus a vigilant approach to manage risks, reputation, and finances will be needed. This is expected to generate potential opportunities for the key players operating in the financial services security software market in the U.S.

The leading players in the financial services security software market in the U.S. are making remarkable efforts to introduce innovative products in order to reduce the number of cyber-crimes taking place in this region. Financial services organizations are demanding robust security software in order to satisfy compliance requirements and enhance their risk management. In addition, the U.S. government is focusing on imposing financial and consumer protection regulations, thus fuelling the growth of the market.

The research report further studies the prominent players engaged in the U.S. financial services security software market and offers a detailed vendor reports for the same. Some of the leading players mentioned in the research study are Gomoxie, Oracle, Luxoft, Trendmicro, NCR, Cigital, Beyondtrust, Checkpoint, Tripwire, and Kaspersky. Detailed profiles of these players have been discussed in the study in order to give a clear understanding of the overall market. In addition, the key strategies adopted by the leading companies have also been included in the report to guide the new players in formulating their business policies effectively.

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