BFSI Crisis Management Market 2022-27: Growth, Share, Size, Industry Trends and Research Report

According to the latest report by IMARC Group, titled “BFSI Crisis Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global BFSI crisis management market reached a value of US$ 11.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.16 Billion by 2027, exhibiting at a CAGR of 18.6% during 2022-2027.

BFSI or banking, financial services, and insurance crisis management refers to one of the latest advancements in financial technology. It usually relies on cloud computing, artificial intelligence (AI), machine learning (ML), big data, etc., to deal with various incidents and potential emergency situations in the banking industry. In line with this, BFSI crisis management aids in protecting the reliability and credibility of the financial institution network. It assists in improving financial services, risk mitigation and fraud detection, cyber security, etc. Consequently, BFSI crisis management is gaining extensive traction across the globe.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

BFSI Crisis Management Market Trends:

The inflating need for protecting reputation and managing threats related to financial viability, employee health, and overall public safety of an organization is primarily driving the BFSI crisis management market. Additionally, the rising data produced by large enterprises and the widespread adoption of digitalized platforms and network solutions by financial institutions and banks to operate their businesses are further catalyzing the market growth. Besides this, the growing utilization of BFSI crisis management in several areas, such as personal finance, lending, international money transfers, equity financing, insurance, etc., is acting as another significant growth-inducing factor. Moreover, the increasing focus on making improvements in customer experience and the expanding BFSI industry are also positively influencing the global market. Apart from this, developing countries are offering lucrative growth opportunities for crisis management solution providers to expand their product portfolios. Furthermore, the elevating consumer awareness towards financial technology is anticipated to fuel the BFSI crisis management market over the forecasted period.

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BFSI Crisis Management Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

4C Group AB, Beekeeper AG, Everbridge Inc., International Business Machines Corporation, Logicgate Inc., Metricstream Inc., NCC Group, Noggin Pty Ltd, Rockdove Solutions Inc., Sas Institute Inc., Software Aktiengesellschaft and Veoci Inc.

The report has segmented the market on the basis on region, disc type, material type and end user.

Breakup by Component:

• Software
• Services

Breakup by Deployment Type:

• On-premises
• Cloud-based

Breakup by Enterprises Size:

• Large Enterprises
• Small and Medium-sized Enterprises

Breakup by Application:

• Disaster Recovery and Business Continuity
• Risk and Compliance Management
• Crisis Communication
• Incident Management and Response
• Others

Breakup by End User:

·         Banks

·         Insurance Companies

·         Others

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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