Category: Commercial Banking
Rapid expansion of digital technologies, competitive advantage, changing customer behavior, reduced transaction charges, and government initiatives are expected to drive the market growth. The digital payment types such as mobile banking, internet banking, point of sale terminals, mobile wallets, and electronic clearing services are expected to boost its implementation in the industry.
The increasing shift to digitization, technological advancement, and cyber attacks are driving the growth of BFSI security market. The information security segment is expected to produce more revenue compared to physical security during the forecast period.