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Global Compliance Automation Market for Financial Services 2010 - 2014

VIEWS: 41 PAGES: 29

Compliance Automation has been effectively enabling companies to cope with the increase in compliance requirements. Given their vulnerability to cyber threats, Compliance Automation Solutions are necessary for financial services companies. Though the main contribution to the growth is coming from the Americas, particularly the US, the European market is catching up and is soon expected to become a major contributor to the Compliance Automation market. The demand generated from APAC however is still low. New regulatory requirements coupled with its high penalty have been key driving factors for this market. However the high cost of implementation will be a major challenge to market growth. TechNavio’s “Global Compliance Automation Market for Financial Services 2010-2014” report has been prepared based on an in-depth study of the market along with inputs from various experts. The report contains market and vendor landscape supported by drivers, restraints and trends. This report covers the Compliance Automation market for Financial Services companies. Further, the report profiles vendors who provide Compliance Automation solutions to financial services companies.

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									            Global Compliance Automation Market for
2010-2014             Financial Services




                                     technavio
            Global Compliance Automation Market for
2010-2014             Financial Services




             CONTENTS


             01. Executive Summary ..............................................1

             02. Introduction ...........................................................2

             03. Market Landscape ................................................4

             04. Vendor Landscape ...............................................7

             05. Market Growth Drivers ........................................11

             06. Market Challenges .............................................14
             07. Market Trends ......................................................15

             08. Key Vendor Analysis ...........................................17
             08.1 McAfee Inc. ......................................................................... 17

             08.2 Tripwire Inc............................................................................ 19

             08.3 Qualys Inc. ............................................................................ 21

             08.4 ArcSight LLC ......................................................................... 23

             09. Other Reports in this Series .................................25




2010-2014                  Global Compliance Automation Market for Financial Services
            Global Compliance Automation Market for
2010-2014             Financial Services




             EXHIBITS

             Exhibit 1: Compliance Automation for Financial Services
                           Market Size 2010 – 2014 (US $ Million).................................4

             Exhibit 2: Geographic Segmentation.................................................5

             Exhibit 3: Market Share by Vendors ....................................................8




2010-2014                Global Compliance Automation Market for Financial Services
Global Compliance Automation Market for Financial Services                                                  1

      01. Executive Summary
                                     This report covers the Compliance Automation market for
                                      Financial Services companies
        Market Scope                 Further, the report discusses vendors who are providing
                                      Compliance Automation solutions to financial services
                                      companies

                                     2010: $136 million
        Market Size
                                     2014: $301 million

        Growth Rates                 22 percent

                                     Americas
        Key Geographies
                                     EMEA

        Key            Customer
                                     Financial Services - Banks, Investment Banks, Insurance
        Segments

                                     Increasing Participation from Network Security Providers
                                     Emergence of Software-as-a-Service (SaaS) Based Compliance
        Trends
                                      Automation Solutions
                                     Emergence of Cloud Based Compliance Automation Solutions

                                     Frequent Emergence of New Regulatory Requirements for
                                      Companies in Financial Services Sector
                                     High Penalty for Failure to Comply with the Regulatory
        Drivers                       Guidelines
                                     Increase in Global Mergers, Tie-ups and Spreading out of
                                      Operations is Exposing the Companies to Stiffer and Newer
                                      Regulations

                                     High Initial Implementation Cost of Compliance Automation
                                      Solutions
        Challenges
                                     Lack of Proper Infrastructure, which may divert End Users to In-
                                      house Solutions

                                     Level of Security - The security an end-to-end solution can
                                      provide
        Key customer needs
                                     Flexibility - the ability of the solution to add new compliances
                                      with ease

                                     McAfee Inc.
                                     Tripwire Inc.
        Key Vendors
                                     Qualys Inc.
                                     ArcSight LLC




2010-2014                                          Global Compliance Automation Market for Financial Services
Global Compliance Automation Market for Financial Services                                                  2

      02. Introduction
      Compliance Automation is an approach to standardize and automate manual compliance
      processes including risk assessment, policy management, controls assessment, remediation, and
      reporting with the goal of achieving best practices, operational excellence, and cost
      efficiencies. 
								
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