NORTH AMERICA BANK ENCRYPTION SOFTWARE MARKET 2022-2028

 

 

TABLE OF CONTENTS   

 

1. NORTH 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. NORTH AMERICA BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT

3.1. SOFTWARE

3.2. SERVICES

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

4.1. ON-PREMISE

4.2. CLOUD

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

5.1. LARGE ENTERPRISES

5.2. SMALL & MEDIUM ENTERPRISES

6. NORTH 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. NORTH AMERICA BANK ENCRYPTION SOFTWARE MARKET – COUNTRY OUTLOOK

7.1. UNITED STATES

7.2. CANADA

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

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

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

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

TABLE 12: NORTH 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: NORTH AMERICA BANK ENCRYPTION SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

 

MARKET OUTLOOK

Triton Market Research’s report represents that the bank encryption software market in North America is envisioned to garner a CAGR of 13.96% over the forecasting years from 2022 to 2028. Canada and the United States form the studied market in the given region.

Canadian Western Bank has built strong encryption software to transmit encrypted data over the internet. The data is sent by the customer browser via an encrypted channel to the bank’s secure systems, making internet banking safe and easy. Here, the bank uses the robust internet channel known as the secure socket layer for high-level encryption. Several banks are securing online transactions and the transfer of files with the help of encryption. This has led to the integration of central bank digital currency into smartphone applications. While software alone is insufficient to secure CBDC assets in smartphones, several advancements have improved the security level. Thus, these factors are expected to propel the bank encryption software over the forecast period.

Likewise, several financial companies are spending heavily on software to increase security in the US. The bank encryption software supervises the data protection level, ensuring secure transactions. Over the years, cyberattacks have surged across the country, restricting proper functioning. This rise has led to the adoption of security software, such as encryption software, to limit data breaches. Further, several prominent companies have set up operations in the country, including IBM and Microsoft. Therefore, the presence of prominent companies and rising cyber threats propel the bank encryption software market on a progressive path across the United States.

 

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

 

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

 

 

COMPETITIVE OUTLOOK

The prominent companies in the given market include Microsoft Corp, IBM, McAfee, Thales Group, Broadcom Inc, and Dell Technologies 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