Worldwide Banking Encryption Software Market is Projected to reach USD 3.2 Billion by 2027 - KBV Research

Posted September 9, 2021 by kbv_research

The Global Banking Encryption Software Market size is expected to reach $3.2 billion by 2027, rising at a market growth of 12% CAGR during the forecast period.

Banking Encryption Software Market Growth, Trends and Report Highlights

According to a new report Global Banking Encryption Software Market, published by KBV research, The Global Banking Encryption Software Market size is expected to reach $3.2 billion by 2027, rising at a market growth of 12% CAGR during the forecast period.

The software segment is estimated to acquire a substantial market share over the forecast period. This growth is due to the improvement in operational efficiency, offering advanced security to the bank’s assets & data, and managing the confidential data set of the customers.

The cloud encryption segment would exhibit the highest growth rate during the forecast period. Factor like massive adoption of the cloud encryption by numerous banking companies is expected to fuel the growth of this segment during the forecast period. Also, this factor is also boosting the growth of the overall banking encryption software market.

Asia-Pacific is estimated to acquire a significant growth rate over the forecast period, due to huge demand for encryption software to ensure and facilitate the data privacy among the banks in the developing countries of Asia-Pacific like India and China.

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles Broadcom, Inc., Eset, Spol. S.r.o., IBM Corporation, Intel Corporation, McAfee, LLC, Microsoft Corporation, Sophos Group PLC (Thoma Bravo), Thales Group S.A., Trend Micro, Inc., and Winmagic, Inc.

Global Banking Encryption Software Market Segmentation

By Component
• Software (Without Services)
• Services

By Deployment Type
• On-premise
• Cloud

By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises

By Function
• Disk Encryption
• Communication Encryption
• File / Folder Encryption
• Cloud Encryption
• Others

By Geography

North America
• US
• Canada
• Mexico
• Rest of North America

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

• Brazil
• Argentina
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled
• Broadcom, Inc.
• Eset, Spol. S.r.o.
• IBM Corporation
• Intel Corporation
• McAfee, LLC
• Microsoft Corporation
• Sophos Group PLC (Thoma Bravo)
• Thales Group S.A.
• Trend Micro, Inc.
• Winmagic, Inc.
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Tags banking encryption software market , banking encryption software market size , banking encryption software market share , banking encryption software market analysis , KBV Research
Last Updated September 9, 2021