Wednesday 24 June 2015, Amsterdam
The report recognizes the following companies as the key players in the global physical security market in the BFSI sector: Axis Communications, Bosch Security Systems, Cisco Systems, Honeywell Security Group, NICE Systems and Tyco
Other Prominent Vendors in the market are: Arecont Vision, Assa Abloy, Avigilon, AxxonSoft, CNL Software, Genetec, H3C Technologies, March Networks, MOBOTIX, Panasonic, Safran, Salient Systems, Samsung Techwin, videoNEXT and VidSys
Commenting on the report, an analyst said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Publish date : June 2015
Report code : ASDR-205546
Pages : 72