LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET 2022-2028

 

 

TABLE OF CONTENTS

 

1.     LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET - SUMMARY

2.     INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON BANK ENCRYPTION SOFTWARE MARKET

2.2. KEY INSIGHTS

2.2.1.    RISE OF FINTECH ORGANIZATIONS IN MAINSTREAM BANKING AND THE FINANCIAL SECTOR

2.2.2.    EMERGENCE OF SOFTWARE SECURITY INFRASTRUCTURE

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1.    THREAT OF NEW ENTRANTS

2.3.2.    THREAT OF SUBSTITUTES

2.3.3.    BARGAINING POWER OF BUYERS

2.3.4.    BARGAINING POWER OF SUPPLIERS

2.3.5.    THREAT OF COMPETITIVE RIVALRY

2.4. KEY IMPACT ANALYSIS

2.4.1.    RELIABILITY

2.4.2.    APPLICATION

2.4.3.    SUPERIOR TECHNOLOGY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.8. REGULATORY FRAMEWORK

2.9. KEY MARKET STRATEGIES

2.9.1.    ACQUISITIONS

2.9.2.    PRODUCT LAUNCHES

2.9.3.    AGREEMENTS

2.9.4.    BUSINESS EXPANSIONS

2.10.               MARKET DRIVERS

2.10.1.                    GROWING CYBERATTACKS ON BANKS AND FINANCIAL INSTITUTIONS

2.10.2.                    SURGE IN DEMAND FOR DATA SECURITY TECHNOLOGY

2.10.3.                    INCREASING DATA PROLIFERATION

2.11.               MARKET CHALLENGES

2.11.1.                    LACK OF AWARENESS REGARDING ENCRYPTION SOFTWARE

2.11.2.                    IMPLEMENTATION CHALLENGES

2.11.3.                    COMPROMISED SOFTWARE INTEGRITY IN ENCRYPTED DATA SECURITY

2.12.               MARKET OPPORTUNITIES

2.12.1.                    PENETRATION OF BANKING SOFTWARE GLOBALLY

2.12.2.                    RISING USE OF DIGITAL PAYMENT TECHNOLOGY

2.12.3.                    INCREASED ACCEPTANCE OF MOBILE PAYMENT SERVICES

3.     LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT

3.1. SOFTWARE

3.2. SERVICES

4.     LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT MODE

4.1. ON-PREMISE

4.2. CLOUD

5.     LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ENTERPRISE TYPE

5.1. LARGE ENTERPRISES

5.2. SMALL & MEDIUM ENTERPRISES

6.     LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ENCRYPTION TYPE

6.1. DISK ENCRYPTION

6.2. COMMUNICATION ENCRYPTION

6.3. FILE/FOLDER ENCRYPTION

6.4. CLOUD ENCRYPTION

7.     LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET – COUNTRY OUTLOOK

7.1. BRAZIL

7.2. MEXICO

7.3. REST OF LATIN AMERICA

8.     COMPETITIVE LANDSCAPE

8.1. MICROSOFT CORP

8.2. IBM

8.3. BROADCOM INC

8.4. MCAFEE CORP

8.5. THALES GROUP

8.6. DELL TECHNOLOGIES INC

8.7. ESET

8.8. TREND MICRO INC

8.9. INTEL CORP

8.10.               WINMAGIC DATA SECURITY SOLUTION

8.11.               BITDEFENDER PVT

8.12.               LOOKOUT SECURITY

8.13.               NETSKOPE INC

8.14.               PROTEGRITY PVT LTD

9.     RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

 

 

TABLE LIST

TABLE 1: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LIST OF PRODUCT LAUNCHES

TABLE 6: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 7: LIST OF BUSINESS EXPANSIONS

TABLE 8: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE, 2022-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE TYPE, 2022-2028 (IN $ MILLION)

TABLE 11: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY ENCRYPTION TYPE, 2022-2028 (IN $ MILLION)

TABLE 12: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

 

 

FIGURE LIST

FIGURE 1: KEY BUYING IMPACT ANALYSIS

FIGURE 2: MARKET ATTRACTIVENESS INDEX

FIGURE 3: INDUSTRY COMPONENTS

FIGURE 4: WORKING OF SECURITY ENCRYPTION MODEL

FIGURE 5: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 6: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, DEPLOYMENT MODE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 9: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, ENTERPRISE TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 12: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, ENCRYPTION TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY FILE/FOLDER ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 20: BRAZIL BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: MEXICO BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: REST OF LATIN AMERICA BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

Triton’s research report indicates that the bank encryption software market in Latin America is anticipated to register growth at a CAGR of 13.63% during the forecast period 2022-2028. Brazil, Mexico, and Rest of Latin America shape the market in the region.

In Brazil, banking reforms have been advanced to ensure encryption software adoption in the financial industry. Here, numerous advancements have been made to the bank resolution over the past few years. The resolution framework is strengthened with the establishment of a new resolution department. Furthermore, the department has taken the lead in creating a draft law to launch a new regime in line with international best practices. It also gives options to restore the viability of a failed institute and widens the toolkit of the authorities. Along with this, the reform removes impediments to temporary public support. All these factors create a profitable market for bank encryption software.

In Argentina, electronic transactions are widely promoted in businesses and households. Technological developments have improved computing and surged accessibility to communication platforms through the internet. Encryption algorithms and methods are among these technological advancements playing a major role in virtual fund transfer, data sharing, and internal data. Among major companies, AWS strengthens cloud security in the country. Therefore, all these factors are anticipated to widen the scope and growth of the bank encryption software market across Argentina.

 

Get more insights into the Latin America Bank Encryption Software Market:

 

https://www.tritonmarketresearch.com/reports/latin-america-bank-encryption-software-market

 

COMPETITIVE OUTLOOK

The key companies in the bank encryption software market include Microsoft Corp, Broadcom Inc, McAfee Corp, Thales Group, and Netskope Inc.

 

 

SEGMENTATION

1.     MICROSOFT CORP

2.     IBM

3.     BROADCOM INC

4.     MCAFEE CORP

5.     THALES GROUP

6.     DELL TECHNOLOGIES INC

7.     ESET

8.     TREND MICRO INC

9.     INTEL CORP

10. WINMAGIC DATA SECURITY SOLUTION

11. BITDEFENDER PVT

12. LOOKOUT SECURITY

13. NETSKOPE INC

14. PROTEGRITY PVT LTD