MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET 2022-2028

 

 

TABLE OF CONTENTS

 

1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT

3.1. SOFTWARE

3.2. SERVICES

4. MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT MODE

4.1. ON-PREMISE

4.2. CLOUD

5. MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ENTERPRISE TYPE

5.1. LARGE ENTERPRISES

5.2. SMALL & MEDIUM ENTERPRISES

6. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET – COUNTRY OUTLOOK

7.1. UNITED ARAB EMIRATES

7.2. SAUDI ARABIA

7.3. TURKEY

7.4. SOUTH AFRICA

7.5. REST OF MIDDLE EAST & AFRICA

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: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE, 2022-2028 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE TYPE, 2022-2028 (IN $ MILLION)

TABLE 11: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY ENCRYPTION TYPE, 2022-2028 (IN $ MILLION)

TABLE 12: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 6: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, DEPLOYMENT MODE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 9: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, ENTERPRISE TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 12: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, ENCRYPTION TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY FILE/FOLDER ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2022-2028 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA BANK ENCRYPTION SOFTWARE MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 20: UNITED ARAB EMIRATES BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)

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

FIGURE 22: TURKEY BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: SOUTH AFRICA BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: REST OF MIDDLE EAST & AFRICA BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

Triton Market Research’s report alludes that the bank encryption software market in the Middle East and Africa is expected to advance in value at a compound annual growth rate of 13.59% during the forecast years 2022-2028. South Africa, the UAE, Turkey, Saudi Arabia, and Rest of Middle East & Africa outline the market in the reviewed region.

The clearing and settlement framework comprises numerous electronic systems that cover larger-value, stock exchange, and credit card payments in Turkey. The Turkish real-time gross settlement system is owned and regulated by the Central Bank. Besides, multilevel security controls have been implemented to ensure the integrity, authenticity, and confidentiality of transactions. Therefore, the growing security measures are generating numerous opportunities for the bank encryption software market within the country.

Likewise, Egypt is securing the banking sector by implementing strong measures, including the implementation of encryption software. The state of surveillance in the country is on account of ongoing collaboration by Privacy International and its partners. Along with this, article 64 mandates telecommunication operators to provide technical equipment that enables the national security agencies to exercise their powers. This article also regulates the implementation of encryption in the country. Thus, these factors are expected to contribute heavily to the bank encryption software market over the forecast years.

 

 

Get more insights into the Middle East and Africa Bank Encryption Software Market:

 

https://www.tritonmarketresearch.com/reports/middle-east-and-africa-bank-encryption-software-market

 

COMPETITIVE OUTLOOK

The leading companies in the bank encryption software market consist of Dell Technologies, Microsoft Corp, Broadcom Inc, Thales Group, Trend Micro Inc, Lookout Security, and IBM.

 

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