Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global BFSI Crisis Management Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | © 2019 IMARC All Rights Reserved IMARC Group
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Report Description Report Description and Highlights Global BFSI Crisis Management Market Research Report: The latest report by IMARC, titled “BFSI Crisis Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global BFSI crisis management market size reached US$ 13.3 Billion in 2022. Banking, financial services and insurance (BFSI) crisis management refers to the strategic planning, preparedness, and response measures implemented by organizations to effectively handle and mitigate crisis situations. It aims to mitigate risks, protect stakeholders, maintain financial stability, and safeguard the reputation of organizations in the face of crises. BFSI crisis management relies on advanced technologies, such as artificial intelligence (AI), cloud computing, machine learning (ML), and big data, to access and counter potential emergencies in the banking industry. By implementing robust crisis management practices, BFSI institutions can navigate challenging situations with greater resilience and minimize the potential negative impacts on their operations and the broader financial ecosystem. In addition to this, it can help institutions improve their financial services and protect against fraud detection and cyber security. Request Free Sample Report: https://www.imarcgroup.com/bfsi-crisis-managementmarket/requestsample
Report Description Report Description and Highlights Global BFSI Crisis Management Market Trends: The rise in frequency and complexity of numerous financial crises across the BFSI sector, such as economic recessions, market crashes, liquidity crises, and cyberattacks, is primarily driving the market growth. Besides this, the implementation of numerous stringent regulatory requirements and compliance obligations in the industry is prompting organizations to adopt robust crisis management strategies and systems to meet these regulatory expectations, which, in turn, is aiding in market expansion. Moreover, widespread product utilization to identify, assess, and mitigate risks, ensuring the resilience and stability of the financial system, is acting as another significant growth-inducing factor. In addition to this, the escalating threat of cyber-attacks and data breaches, and the rising emphasis on brand reputation and customer trust, are impelling product adoption to enable timely response and recovery. In line with this, the intensive need for business continuity among BFSI organizations is facilitating the adoption of robust crisis management solutions capable of ensuring minimal disruption and efficient recovery in emergency situations, which is favoring the market growth. Furthermore, the growing demand for innovative solutions integrated with advanced technologies, such as cloud computing, artificial intelligence (AI), and machine learning (ML), to facilitate real-time monitoring and analysis of data to detect potential threats is positively impacting the market growth. Looking forward, the market value is projected to reach US$ 36.4 Billion by 2028, expanding at a CAGR of 18.2 % during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Report Description Report Description and Highlights Market Summary: 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
Report Description Report Description and Highlights 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
Report Description Report Description and Highlights • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa
Competitive Landscape with Key Players: • 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 • Veoci Inc. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/bfsi-crisis-managementmarket Report Description Report Description and Highlights
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