0

BFSI Crisis Management Market Expected to Reach $72.3 Billion by 2033

 
BFSI Crisis Management Market Expected to Reach $72.3 Billion by 2033
2022
BFSI Crisis Management Market

Report Code : A11105

quote The service segment is projected to attain the highest CAGR during the forecast period; this is attributed to the rise in demand for consulting, training, and managed services to help financial institutions strengthen crisis preparedness and response strategies. quote

Onkar Sumant - Manager
BFSI at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled “BFSI Crisis Management Market," The BFSI crisis management market was valued at $15 billion in 2023 and is estimated to reach $72.3 billion by 2033, growing at a CAGR of 16.7% from 2024 to 2033. 

Crisis management solutions are majorly used in several business areas such as lending, payments, international money transfers, personal finance, equity financing, and insurance. The need to incorporate crisis management solutions has increased in the financial services industry to protect an organisation’s reputation and to manage threats in terms of financial viability, employees' health, and overall public safety. An increase in dependency on crisis management software & solutions among banks and financial institutions acts to drive the global BFSI crisis management industry growth, as crisis management software provides digitalised solutions, such as minimisation of business risks, fraud detection, and incident & compliance management. In addition, BFSI crisis management market trends include the rapid adoption of crisis management solutions in the BFSI sector and the rise in awareness of financial technology that is propelling the growth of the BFSI crisis management market size.

Furthermore, the surge in reliance on digitalization among the financial institutions and the quick adoption of crisis management tools among the economic sectors significantly drive market expansion. Lack of confidence in crisis management solutions and complex network administration, however, are two things that limit industry expansion. On the other hand, several banks and financial institutions are investing in BFSI crisis management solutions to enhance their service offerings, which is expected to create a BFSI crisis management market opportunity.

On the basis of application, the global BFSI crisis management industry was dominated by the risk and compliance management segment in 2023 and is expected to maintain its dominance in the upcoming years owing to the surge in complexity of financial products and the globalization of markets, which necessitate robust compliance frameworks, is a major factor that fuels market growth. In addition, the rise in number of cyber threats increases the need for comprehensive risk management strategies. Financial institutions are investing heavily in cybersecurity measures to protect sensitive data and maintain customer trust, further driving BFSI crisis management sector growth.

Region-wise, North America dominated the BFSI crisis management market share in 2023. This was attributed to the strong presence of major financial institutions, stringent regulatory frameworks, and high adoption of advanced BFSI risk management solutions. In addition, the region's focus on cybersecurity, AI-driven crisis response, and business continuity planning further contributed to its market leadership. However, Asia-Pacific is expected to exhibit the highest CAGR during the forecast period. This is attributed to the rapid digital transformation of the BFSI sector, the increase in regulatory requirements, and the surge in cybersecurity concerns. Factors such as the rise in adoption of cloud-based crisis management solutions and AI-driven risk assessment tools further drive market growth. In addition, the expansion of financial services in emerging economies, such as India and China, boosts demand for financial crisis management solutions.

The report focuses on growth prospects, restraints, and trends of the BFSI crisis management market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the BFSI crisis management industry.

Key Findings of The Study

  • By component, the solution segment held the largest share in the BFSI crisis management market for 2023.

  • By application, the risk and compliance management segment held the largest share in the BFSI crisis management market for 2023.

  • By enterprise size, the large enterprises segment held the largest share in the market for 2023.

  • By end user, the banks and financial institution segment held the largest share in the market for 2023.

  • Region-wise, North America holds the largest market share in 2023. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period.

The players operating in the market are 4C Strategies, Everbridge, IBM Corporation, METRICSTREAM INC., NCC Group, SAS Institute Inc, Cura Software Solutions. Ltd, Konexus, Noggin, LogicGate Inc, Aon plc, Riskonnect., LogicManager, Inc., RockDove Solutions, Inc., INTELLICON, Resolver Inc, F24, Ascent, Guidehouse, and Vested LLC. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the BFSI crisis management market growth.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote BFSI Crisis Management Market by Component (Solution, Services), by Application (Disaster Recovery and Business Continuity, Risk and Compliance Management, Crisis Communication, Incident Management and Response, Others), by Enterprise Size (Large Enterprises, Small and Medium Enterprises (SMEs)), by End User (Banks and Financial Institutions, Insurance Companies): Global Opportunity Analysis and Industry Forecast, 2024-2033 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
Further Reading

Published Date Apr 2025

Steel Wire Market

Download Sample
Further Reading

Published Date Mar 2025

Decarbonization Market

Download Sample
Further Reading

Published Date Mar 2025

LNG Engine Market

Download Sample

Buy Full Version
"BFSI Crisis Management Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers