Growing Cyberattacks Linked to Global Bank Encryption Software Market Growth

May 21 02:20 2022
Growing Cyberattacks Linked to Global Bank Encryption Software Market Growth
The Global Bank Encryption Software Market
According to a new market research report launched by Inkwood Research, the Global Bank Encryption Software Market is projected to garner $34732.45 million by 2030, and grow at a CAGR of 13.39% during 2022-2030

Browse 49 Market Data Tables and 49 Figures spread over 230 Pages, along with in-depth analysis on the Global Bank Encryption Software Market by Deployment Model, Enterprise Size, Component, Function, & by Geography

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Bank Encryption Software Market Scenario

Bank encryption software is a powerful information security technology used by banks to protect and secure personally identifiable information like social security numbers, addresses, names, and credit scores, against cyberattacks. Cyber threats have been a significant threat with the growing digitization. These include data breaches, service denial, and computer viruses. The primary task of cybersecurity is encrypting personal information.

Furthermore, malware and hacking are the prominent causes of data breaches in financial services. The stats stand at 6% for insider threats, 18% for accidental disclosure, 75% for hacking and malware, and 2% for physical breaches. There has also been a rise in accidental disclosures and insider threats. Also, the growing cloud adoption is projected to increase such threats. Such aspects are expected to influence the growth of the global bank encryption software market.

However, the market growth is restrained by the lack of awareness in terms of encryption software. A high proportion of users are unaware of the software used to ensure adequate protection from viruses, malware, hackers, etc.

The Global Bank Encryption Software Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Bank Encryption Software Market Deployment Model, Enterprise Size, Component, Function, & by Geography:

Market Segmentation

Market by Component

  • Services
  • Software

Market by Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

Market by Function

  • Disk Encryption
  • Communication Encryption
  • Cloud Encryption
  • File/ Folder Encryption

Market by Deployment Model

  • Cloud Bank Encryption Software
  • On-Premise Bank Encryption Software


Report Highlights

– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2030, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2030


Companies Profiled

  • ESET
  • IBM



Related Reports

GLOBAL APPLICATION SECURITY MARKET – The global application security market is set to record a CAGR of 14.29% during the forecast period, 2022-2030.

GLOBAL NETWORK TRAFFIC ANALYTICS MARKET – The global network traffic analytics market is estimated to project a CAGR of 22.68% during the forecast period, 2019-2028.

GLOBAL ENCRYPTION SOFTWARE MARKET – The global encryption software market growth is anticipated to progress at a CAGR of 12.80% during the forecast period, 2019-2028.

GLOBAL CYBER SECURITY MARKET – The global cybersecurity market is expected to record a CAGR of 10.34% during the forecast period, 2021-2028.

Media Contact
Company Name: Inkwood Research
Contact Person: Arvind Iyer
Email: Send Email
Phone: 1-(857) 293-0150
Country: United States