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Banking Encryption Software Market Size, Share & Trends Analysis Report by Component, by Deployment, by Enterprise Size, by Function (Cloud Encryption, Folder Encryption), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 150 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5649380
The global banking encryption software market size is expected to reach USD 5.03 billion by 2030, expanding at a CAGR of 13.0% from 2022 to 2030, according to this study conducted. The growing need for modern security solutions worldwide is anticipated to drive the growth of the industry. In addition, the rising incidences of cyber-attacks also bode well for growth.

Banking encryption software facilitates the confidential exchange of vital data by encrypting the data at the sender’s end in a form not readable without a proper authentication key, which is usually in the form of a password. The receiver can use the authentication key to decrypt the data and read it. The strong emphasis banks and other financial institutions are putting on securing data transactions is driving the adoption of banking encryption software.

The growing partnerships among the encryption software providers are expected to drive market growth. For instance, In April 2021, Google Cloud and Broadcom collaborated. This collaboration increased the integration of cloud services into Broadcom's primary software franchises. In this partnership, Broadcom was able to make enterprise operations software and its security suite available on Google Cloud, enabling organizations to encrypt and decrypt data at the column level.

The COVID-19 pandemic impacted the banking encryption software market growth positively. Due to the pandemic, the transfer of data increased as offices and businesses adopted the work-from-home model. Remote applications got overloaded with crucial data, and cloud deployment gained more popularity. Due to the increase in online data transfer, the need for encryption software that facilitated secure data transfer increased.

Banking Encryption Software Market Report Highlights

  • The software segment is expected to dominate the segment over the forecast period. This is due to its offered benefits such as security and privacy protection to the financial institutes
  • The cloud segment is anticipated to witness the fastest growth over the projection period. The growth of the segment can be attributed to the inexpensive deployment and customization options
  • The large enterprise segment dominated the market in 2021. Large organizations are adopting encryption solutions to meet the changing security needs owing to the rising incidences of cybercrimes
  • The cloud encryption segment is anticipated to witness the fastest growth because of its capability to facilitate a cost-effective and scalable encryption model
  • The Asia Pacific regional market is expected to witness the fastest growth over the projection period due to an increase in demand for encryption software among banks in developing countries in the Asia-Pacific, including China and India, to safeguard and ensure the privacy of data


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Banking Encryption Software Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Banking Encryption Software Market, 2017 - 2030
2.2.1 Global banking encryption software market, by region, 2017 - 2030
2.2.2 Global banking encryption software, by component, 2017 - 2030
2.2.3 Global banking encryption software, by deployment, 2017 - 2030
2.2.4 Global banking encryption software, by enterprise size, 2017 - 2030
2.2.5 Global banking encryption software, by function, 2017 - 2030
Chapter 3 Banking Encryption Software Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Banking Encryption Software Market - Value Chain Analysis
3.4 Banking Encryption Software Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing demand for security solutions among banks
3.4.1.2 Growing emphasis on digitalization
3.4.2 Market challenge analysis
3.4.2.1 Technicalities of implementation and lack of skilled professionals
3.5 Penetration and Growth Prospect Mapping
3.6 Banking Encryption Software Market - Porter’s Five Forces Analysis
3.7 Banking Encryption Software Market - PESTEL Analysis
Chapter 4 Investment Landscape Analysis
4.1 Investor Strategies
4.2 Investor Vision & Goal Analysis
4.3 Funding Raised in Encryption Software
4.4 Investments Made in Banking Sector
Chapter 5 FinTech Industry Highlights
5.1 FinTech Ecosystem Overview
5.2 FinTech Services Overview
5.3 Total FinTech Investment, 2017 - 2021 (USD Billion)
5.4 FinTech Regulatory Outlook
  • Government Regulations
  • Private/Association Regulations
5.5 FinTech Company Analysis - GVR DashBoard (Top 50 companies)
Chapter 6 Banking Encryption Software Component Outlook
6.1 Banking Encryption Software Market Share By Component, 2021
6.2 Software
6.2.1 Banking encryption software market, 2017 - 2030
6.3 Service
6.3.1 Banking encryption service market, 2017 - 2030
Chapter 7 Banking Encryption Software Deployment Outlook
7.1 Banking Encryption Software Market Share By Deployment, 2021
7.2 Cloud
7.2.1 Cloud banking encryption software market, 2017 - 2030
7.3 On-Premise
7.3.1 On-Premise banking encryption software market, 2017 - 2030
Chapter 8 Banking Encryption Software Enterprise Size Outlook
8.1 Banking Encryption Software Market Share By Enterprise Size, 2021
8.2 Large Enterprises
8.2.1 Banking encryption software market in large enterprises, 2017 - 2030
8.3 Small & Medium Enterprises
8.3.1 Banking encryption software market in small & medium enterprises, 2017 - 2030
Chapter 9 Banking Encryption Software Function Outlook
9.1 Banking Encryption Software Market Share By Function, 2021
9.2 Disk Encryption
9.2.1 Disk banking encryption software market, 2017 - 2030
9.3 Communication Encryption
9.3.1 Communication banking encryption software market, 2017 - 2030
9.4 File/Folder Encryption
9.4.1 File/folder banking encryption software market, 2017 - 2030
9.5 Cloud Encryption
9.5.1 Cloud banking encryption software market, 2017 - 2030
Chapter 10 Banking Encryption Software Regional Outlook
10.1 Banking Encryption Software Market Share By Region, 2021
10.2 North America
10.2.1 North America banking encryption software market, 2017 - 2030
10.2.2 North America banking encryption software market, by component, 2017 - 2030
10.2.3 North America banking encryption software market, by deployment, 2017 - 2030
10.2.4 North America banking encryption software market, by enterprise size, 2017 - 2030
10.2.5 North America banking encryption software market, by function, 2017 - 2030
10.2.6 U.S.
10.2.6.1 U.S. banking encryption software market, 2017 - 2030
10.2.6.2 U.S. banking encryption software market, by component, 2017 - 2030
10.2.6.3 U.S. banking encryption software market, by deployment, 2017 - 2030
10.2.6.4 U.S. banking encryption software market, by enterprise size, 2017 - 2030
10.2.6.5 U.S. banking encryption software market, by function, 2017 - 2030
10.2.7 Canada
10.2.7.1 Canada banking encryption software market, 2017 - 2030
10.2.7.2 Canada banking encryption software market, by component, 2017 - 2030
10.2.7.3 Canada banking encryption software market, by deployment, 2017 - 2030
10.2.7.4 Canada banking encryption software market, by enterprise size, 2017 - 2030
10.2.7.5 Canada banking encryption software market, by function, 2017 - 2030
10.3 Europe
10.3.1 Europe banking encryption software market, 2017 - 2030
10.3.2 Europe banking encryption software market, by component, 2017 - 2030
10.3.3 Europe banking encryption software market, by deployment, 2017 - 2030
10.3.4 Europe banking encryption software market, by enterprise size, 2017 - 2030
10.3.5 Europe banking encryption software market, by function, 2017 - 2030
10.3.6 Germany
10.3.6.1 Germany banking encryption software market, 2017 - 2030
10.3.6.2 Germany banking encryption software market, by component, 2017 - 2030
10.3.6.3 Germany banking encryption software market, by deployment, 2017 - 2030
10.3.6.4 Germany banking encryption software market, by enterprise size, 2017 - 2030
10.3.6.5 Germany banking encryption software market, by function, 2017 - 2030
10.3.7 U.K.
10.3.7.1 U.K. banking encryption software market, 2017 - 2030
10.3.7.2 U.K. banking encryption software market, by component, 2017 - 2030
10.3.7.3 U.K. banking encryption software market, by deployment, 2017 - 2030
10.3.7.4 U.K. banking encryption software market, by enterprise size, 2017 - 2030
10.3.7.5 U.K. banking encryption software market, by function, 2017 - 2030
10.4 Asia Pacific
10.4.1 Asia Pacific banking encryption software market, 2017 - 2030
10.4.2 Asia Pacific banking encryption software market, by component, 2017 - 2030
10.4.3 Asia Pacific banking encryption software market, by deployment, 2017 - 2030
10.4.4 Asia Pacific banking encryption software market, by enterprise size, 2017 - 2030
10.4.5 Asia Pacific banking encryption software market, by function, 2017 - 2030
10.4.6 China
10.4.6.1 China banking encryption software market, 2017 - 2030
10.4.6.2 China banking encryption software market, by component, 2017 - 2030
10.4.6.3 China banking encryption software market, by deployment, 2017 - 2030
10.4.6.4 China banking encryption software market, by enterprise size, 2017 - 2030
10.4.6.5 China banking encryption software market, by function, 2017 - 2030
10.4.7 India
10.4.7.1 India banking encryption software market, 2017 - 2030
10.4.7.2 India banking encryption software market, by component, 2017 - 2030
10.4.7.3 India banking encryption software market, by deployment, 2017 - 2030
10.4.7.4 India banking encryption software market, by enterprise size, 2017 - 2030
10.4.7.5 India banking encryption software market, by function, 2017 - 2030
10.4.8 Japan
10.4.8.1 Japan banking encryption software market, 2017 - 2030
10.4.8.2 Japan banking encryption software market, by component, 2017 - 2030
10.4.8.3 Japan banking encryption software market, by deployment, 2017 - 2030
10.4.8.4 Japan banking encryption software market, by enterprise size, 2017 - 2030
10.4.8.5 Japan banking encryption software market, by function, 2017 - 2030
10.5 Latin America
10.5.1 Latin America banking encryption software market, 2017 - 2030
10.5.2 Latin America banking encryption software market, by component, 2017 - 2030
10.5.3 Latin America banking encryption software market, by deployment, 2017 - 2030
10.5.4 Latin America banking encryption software market, by enterprise size, 2017 - 2030
10.5.5 Latin America banking encryption software market, by function, 2017 - 2030
10.5.6 Brazil
10.5.6.1 Brazil banking encryption software market, 2017 - 2030
10.5.6.2 Brazil banking encryption software market, by component, 2017 - 2030
10.5.6.3 Brazil banking encryption software market, by deployment, 2017 - 2030
10.5.6.4 Brazil banking encryption software market, by enterprise size, 2017 - 2030
10.5.6.5 Brazil banking encryption software market, by function, 2017 - 2030
10.6 MEA
10.6.1 MEA banking encryption software market, 2017 - 2030
10.6.2 MEA banking encryption software market, by component, 2017 - 2030
10.6.3 MEA banking encryption software market, by deployment, 2017 - 2030
10.6.4 MEA banking encryption software market, by enterprise size, 2017 - 2030
10.6.5 MEA banking encryption software market, by function, 2017 - 2030
Chapter 11 Competitive Analysis
11.1 Recent Developments & Impact Analysis, By Key Market Participants
11.2 Company Categorization
11.3 Vendor Landscape
11.3.1 Key company market share analysis, 2021
11.4 Company Analysis Tools
11.4.1 Company market position analysis
11.4.2 Competitive dashboard analysis
Chapter 12 Competitive Landscape
12.1 Broadcom
12.1.1 Company overview
12.1.2 Financial performance
12.1.3 Product benchmarking
12.1.4 Strategic initiatives
12.2 ESET North America
12.2.1 Company overview
12.2.2 Financial performance
12.2.3 Product benchmarking
12.2.4 Strategic initiatives
12.3 IBM Corporation
12.3.1 Company overview
12.3.2 Financial performance
12.3.3 Product benchmarking
12.3.4 Strategic initiatives
12.4 Intel Corporation
12.4.1 Company overview
12.4.2 Financial performance
12.4.3 Product benchmarking
12.4.4 Strategic initiatives
12.5 McAfee, LLC
12.5.1 Company overview
12.5.2 Financial performance
12.5.3 Product benchmarking
12.5.4 Strategic initiatives
12.6 Microsoft
12.6.1 Company overview
12.6.2 Financial performance
12.6.3 Product benchmarking
12.6.4 Strategic initiatives
12.7 Sophos Ltd.
12.7.1 Company overview
12.7.2 Financial performance
12.7.3 Product benchmarking
12.7.4 Strategic initiatives
12.8 Thales Group
12.8.1 Company overview
12.8.2 Financial performance
12.8.3 Product benchmarking
12.8.4 Strategic initiatives
12.9 Trend Micro Incorporated
12.9.1 Company overview
12.9.2 Financial performance
12.9.3 Product benchmarking
12.9.4 Strategic initiatives
12.10 WinMagic
12.10.1 Company overview
12.10.2 Financial performance
12.10.3 Product benchmarking
12.10.4 Strategic initiatives
List of Tables
Table 1 Banking Encryption Software market - Industry snapshot & key buying criteria, 2017 - 2030
Table 2 Global banking encryption software market, 2017 - 2030 (USD Million)
Table 3 Global banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 4 Global banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 5 Global banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 6 Global banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 7 Global banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 8 Banking encryption software market - Key market driver impact
Table 9 Banking encryption software market - Key market challenge impact
Table 10 Banking encryption software market, 2017 - 2030 (USD Million)
Table 11 Banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 12 Banking encryption service market, 2017 - 2030 (USD Million)
Table 13 Banking encryption service market, by region, 2017 - 2030 (USD Million)
Table 14 Cloud banking encryption software market, 2017 - 2030 (USD Million)
Table 15 Cloud banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 16 On-premise banking encryption software market, 2017 - 2030 (USD Million)
Table 17 On-premise banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 18 Banking encryption software market in large enterprises, 2017 - 2030 (USD Million)
Table 19 Banking encryption software market in large enterprises, by region, 2017 - 2030 (USD Million)
Table 20 Banking encryption software market in small & medium enterprises, 2017 - 2030 (USD Million)
Table 21 Banking encryption software market in small & medium enterprises, by region, 2017 - 2030 (USD Million)
Table 22 Disk banking encryption software market, 2017 - 2030 (USD Million)
Table 23 Disk banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 24 Communication banking encryption software market, 2017 - 2030 (USD Million)
Table 25 Communication banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 26 File/folder banking encryption software market, 2017 - 2030 (USD Million)
Table 27 File/folder banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 28 Cloud banking encryption software market, 2017 - 2030 (USD Million)
Table 29 Cloud banking encryption software market, by region, 2017 - 2030 (USD Million)
Table 30 North America banking encryption software market, 2017 - 2030 (USD Million)
Table 31 North America banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 32 North America banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 33 North America banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 34 North America banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 35 U.S. banking encryption software market, 2017 - 2030 (USD Million)
Table 36 U.S. banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 37 U.S. banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 38 U.S. banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 39 U.S. banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 40 Canada banking encryption software market, 2017 - 2030 (USD Million)
Table 41 Canada banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 42 Canada banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 43 Canada banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 44 Canada banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 45 Europe banking encryption software market, 2017 - 2030 (USD Million)
Table 46 Europe banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 47 Europe banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 48 Europe banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 49 Europe banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 50 Germany banking encryption software market, 2017 - 2030 (USD Million)
Table 51 Germany banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 52 Germany banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 53 Germany banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 54 Germany banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 55 U.K. banking encryption software market, 2017 - 2030 (USD Million)
Table 56 U.K. banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 57 U.K. banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 58 U.K. banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 59 U.K. banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 60 Asia Pacific banking encryption software market, 2017 - 2030 (USD Million)
Table 61 Asia Pacific banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 62 Asia Pacific banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 63 Asia Pacific banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 64 Asia Pacific banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 65 China banking encryption software market, 2017 - 2030 (USD Million)
Table 66 China banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 67 China banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 68 China banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 69 China banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 70 India banking encryption software market, 2017 - 2030 (USD Million)
Table 71 India banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 72 India banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 73 India banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 74 India banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 75 Japan banking encryption software market, 2017 - 2030 (USD Million)
Table 76 Japan banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 77 Japan banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 78 Japan banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 79 Japan banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 80 Latin America banking encryption software market, 2017 - 2030 (USD Million)
Table 81 Latin America banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 82 Latin America banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 83 Latin America banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 84 Latin America banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 85 Brazil banking encryption software market, 2017 - 2030 (USD Million)
Table 86 Brazil banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 87 Brazil banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 88 Brazil banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 89 Brazil banking encryption software market, by function, 2017 - 2030 (USD Million)
Table 90 MEA banking encryption software market, 2017 - 2030 (USD Million)
Table 91 MEA banking encryption software market, by component, 2017 - 2030 (USD Million)
Table 92 MEA banking encryption software market, by deployment, 2017 - 2030 (USD Million)
Table 93 MEA banking encryption software market, by enterprise size, 2017 - 2030 (USD Million)
Table 94 MEA banking encryption software market, by function, 2017 - 2030 (USD Million)
List of Figures
FIG. 1 Market segmentation and scope
FIG. 2 Global banking encryption software market, 2017 - 2030 (USD Million)
FIG. 3 Banking encryption software market - Value chain analysis
FIG. 4 Banking encryption software market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Banking encryption software market - Porter’s five forces analysis
FIG. 7 Banking encryption software market - Key company market share analysis, 2021
FIG. 8 Banking encryption software market - PESTEL analysis
FIG. 9 Banking encryption software market, by component, 2021
FIG. 10 Banking encryption software market, by deployment, 2021
FIG. 11 Banking encryption software market, by enterprise size, 2021
FIG. 12 Banking encryption software market, by function, 2021
FIG. 13 Banking encryption software market, by region, 2021
FIG. 14 Banking encryption software market - Regional takeaways
FIG. 15 North America banking encryption software market - Key takeaways
FIG. 16 Europe banking encryption software market - Key takeaways
FIG. 17 Asia Pacific banking encryption software market - Key takeaways
FIG. 18 Latin America banking encryption software market - Key takeaways
FIG. 19 MEA contact banking encryption software market - Key takeaways

Companies Mentioned

  • Broadcom
  • ESET North America
  • IBM Corporation
  • Intel Corporation
  • McAfee, LLC
  • Microsoft
  • Sophos Ltd.
  • Thales Group
  • Trend Micro Incorporated
  • WinMagic

Methodology

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Table Information