The BFSI security market was valued at USD 67.4 Billion in 2023 and is anticipated to grow CAGR at 9.1% to reach USD 147.8 Billion by 2032. BFSI security encompasses tools designed to mitigate the risk of cyber threats and attacks within the banking, financial services, and insurance sectors.
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The increased prevalence of cyber-attacks targeting banks and financial institutions has spurred a notable surge in demand for BFSI security measures. This heightened demand is driven by the imperative to safeguard customer data and adapt to evolving security standards within these organizations.
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