According to a new report, published by KBV research, The Global Cybersecurity for Critical Infrastructure in Financial Sector Market size is expected to reach $14.68 billion by 2031, rising at a market growth of 6.5% CAGR during the forecast period.
Financial institutions are increasingly adopting cloud-based solutions and transitioning to digital-first platforms. While this provides several operational benefits, it also requires additional security measures. Cybersecurity solutions addressing cloud computing, API security, and endpoint protection have become crucial to safeguarding these environments.
The On-Premise segment is experiencing a CAGR of 6 % during the forecast period. Many financial institutions favor on-premise solutions due to the control they provide over their infrastructure and data. This deployment mode allows organizations to keep sensitive data and applications within their premises, reducing the risk of external cyber threats from cloud vulnerabilities.
The Fintech segment led the maximum revenue in the Global Cybersecurity for Critical Infrastructure in Financial Sector Market by Industry in 2023, thereby, achieving a market value of $5.6 billion by 2031. Fintech companies, which include digital payment platforms, peer-to-peer lending services, and mobile banking apps, have seen significant growth due to the increasing adoption of online financial services. This sector is particularly vulnerable to cyber threats such as fraud, data breaches, and system vulnerabilities due to its reliance on digital transactions and customer data.
The Solution segment is growing at a CAGR of 6 % during the forecast period. This is due to the growing need for advanced and integrated cybersecurity solutions that protect financial institutions’ critical infrastructure comprehensively. Solutions such as threat detection systems, firewalls, encryption software, and identity and access management (IAM) systems are essential to mitigate cyber threats and safeguard sensitive financial data.
Full Report: https://www.kbvresearch.com/cybersecurity-for-critical-infrastructure-in-financial-sector-market/
The North America region dominated the Global Cybersecurity for Critical Infrastructure in Financial Sector Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.1 billion by 2031. The Asia Pacific region is anticipated to grow at a CAGR of 6.9% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 6.3% during (2024 - 2031).
By Deployment Mode
By Industry
By Component
Unique Offerings 
