Banking Encryption Software Market by Component (Software & Service) Deployment Model (On-Premises & Cloud), Company Size (Large Businesses & Small & Medium Enterprises) and Function (Disk Encryption, Communication Encryption, Encryption) File / Folder and Cloud Encryption): Global Opportunity Analysis and Industry Forecast, 2021-2030
New York, Aug 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the “Bank Encryption Software Market by Component Deployment Model, Company Size and Function: Analysis of Global Opportunities and Market Forecast ‘industry, 2021-2030’ – https://www.reportlinker.com/p06126676/?utm_source=GNW
Bank encryption software is information protection technology that helps financial institutions protect their customers’ information from cyber attacks. Bank encryption software offers high security features while transferring payment from one account to another, which increases the demand for bank encryption software among its users. In addition, encryption software provides many benefits to banks, including optimizing the performance of the organization’s database, providing real-time updates on fraudulent activity, and increasing security. user’s financial information.
The increase in the use of digital payment technology among the population and the increase in cyber attacks among financial technology institutes across the globe are driving the growth of the global banking encryption software market. In addition, the increasing demand for data security technologies among banks and financial institutions is positively impacting the growth of the market. However, factors such as implementation issues and lack of awareness of encryption software among banks in developing countries are expected to hamper the market growth. On the contrary, the penetration of AI-based banking software in the developing countries of Asia-Pacific and LAMEA regions is expected to provide remunerative opportunities for market expansion during the forecast period.
The banking encryption software market is segmented by component, deployment model, company size, function, and region. In terms of components, the market is fragmented into software and services. Depending on the deployment model, it is divided into on-premises and cloud. Based on the size of the business, it is classified into large enterprises and small and medium enterprises. According to the function, it is classified into Disk Encryption, Communication Encryption, File / Folder Encryption, and Cloud Encryption. Regarding the region, it is analyzed in North America, Europe, Asia-Pacific and LAMEA.
The major players operating in the global banking encryption software industry are Broadcom, ESET, IBM Corporation, Intel Corporation, McAfee, LLC, Microsoft Corporation, Sophos Ltd., Thales Group, Trend Micro Incorporated and WinMagic. These players have adopted various strategies to increase their market penetration and strengthen their presence in the banking encryption software industry.
KEY BENEFITS FOR STAKEHOLDERS
• The study provides an in-depth analysis of the global banking encryption software market forecast along with current trends and future estimates to elucidate impending pockets of investment.
• Information on key drivers, restraints, and opportunities and their analysis of impact on the global market is provided in the report.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers operating in the industry.
• Quantitative market analysis from 2021 to 2027 is provided to determine the market potential.
Key market segments
By deployment model
• On the site
By company size
• Large companies
• Small and medium enterprises
By business sector
• Disk encryption
• Encryption of communications
• File / folder encryption
• Cloud encryption
• North America
o United States
o Rest of Europe
• Asia Pacific
o Rest of Asia-Pacific
KEY MARKET PLAYERS
• IBM Corporation
• Company intel
• McAfee, LLC
• Microsoft Corporation
• Sophos Ltd.
• Thales Group
• Trend Micro incorporated
Read the full report: https://www.reportlinker.com/p06126676/?utm_source=GNW
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