U.S. Financial Service Cyber Security Market 2021 Size, Share, Revenue & Demand | Future Opportunities | Forecast upto 2030

In a recent published report, Kenneth Research has updated the market report for U.S. Financial Service Cyber Security Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Financial Service Cyber Security Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

United States (U.S.) Financial Service Cyber Security Market Analysis – 2018-2027

Cyber security refers to the set of technologies, processes and practices that help to protect the devices, programs, data and the network from any type of cyber-attacks, data damage or unauthorized access. The United States (U.S.) financial service cyber security market is anticipated to record a CAGR of around 6% over the forecast period, i.e. 2019-2025.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Factors such as growing cases of cybercrimes and cyber threats observed in the United States in the BFSI industry is raising the need to deploy cyber security services to ensure safety and security of customer data collected by the institutions to provide their services. Further, numerous numbers of identity theft complaint cases as well as frauds complaint cases registered in the United States also raises the concern to adopt such security measures, which is anticipated to drive the growth of the market. Additionally, the United States (U.S.) financial service cyber security market is thriving on the back of rising trend of digital banking and payment systems, increasing number of individuals increasing the internet, along with the adoption of emerging technologies in terms of IT in the banking and insurance sector is helping significantly to transform their services online and is also contributing to the overall growth of the BFSI industry.

Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10307071

The United States (U.S.) financial service cyber security market consists of various segments that are segmented by product type and by application. The application segment is sub-divided into banking institutions, insurance companies, investment management companies and others. Out of these, banking institutions segment, which had a market value of around USD 2200 million in the year 2019 is anticipated to grow with a CAGR of around 5% over the forecast period. Additionally, the segment is further anticipated to attain a market share of around 40% share in the year 2025.
Some of the affluent industry leaders in the United States financial service cyber security market are Broadcom Inc., IBM, FireEye, Inc., Forescout Technologies Inc., Cisco, Tenable®, Inc., Zurich, ThreatWarrior, Ernst & Young Global Limited and Amazon.com, Inc.

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