The growth of the Global BFSI (banking, financial services, and insurance) security sector is steadily increasing year over year, and it is expected to witness astonishing growth based on future demand by 2027. In 2021, this industry was valued at $49.9 billion and is projected to reach $89.1 billion by 2027, with a CAGR of 10.10%. As a result, this increases the need for BFSI security, due to data breaches and other security-related issues across various operational standards. The main areas of focus are both cyber security and physical security for banking and financial institutions.
Due to this forecasted growth, the need for manpower in the service field is at an all-time high – although some organizations are adopting new business models and reducing their field colleagues as a cost-cutting measure. However, Convergint is committed to partnering with banks and credit unions to optimize security and operational efficiencies while managing costs and enhancing the consumer experience. Convergint deploys scalable solutions specifically designed to meet the evolving needs of financial institutions, with a comprehensive portfolio of security and branch automation equipment. These solutions are complemented by our deep commitment to being our customer’s best service provider, and by ensuring adequate resources are available both in the field and in offices.
increase in field services personnel (technicians and installers) at Convergint this year, as a result of this ongoing commitment to investing in our workforce