Market by Component, Deployment Mode, Enterprise Type, Encryption Type, and Country Outlook | Forecast 2022-2028
According to Triton Market
Research’s report, the bank encryption software market in Asia-Pacific is
anticipated to register growth at a CAGR
of 14.85% during the forecasted period 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries explored in the studied region include:
•
China
•
Japan
•
India
•
South Korea
•
ASEAN Countries
•
Australia & New Zealand
•
Rest of Asia-Pacific
China
captures the largest share in the bank encryption software market. Over the years, the trend of digital payments
has taken precedence across the region. This has significantly surged concerns
relating to confidential data. In this regard, banking encryption offers
numerous benefits, like reducing illegal activities in the banking process.
Moreover, the rising security and privacy concerns on account of rising
smartphone penetration have influenced the adoption of encryption software.
These benefits have led governments to promote encryption across industries,
including banking. Thus, all these factors are widening the bank encryption
software market’s growth.
China has emerged as the second-largest digital
economy globally. Moreover, the country’s population heavily opts for
smartphones, leading to approximately 800 million internet users. This has
highlighted concerns relating to the personal data of consumers. Besides this,
the surge in cyberattacks has sparked privacy concerns across industries,
influencing the adoption of encryption software. Therefore, a surge in cybercrimes
and growing smartphone penetration are major factors supporting China’s bank
encryption software market’s progression.
Japan is among the major countries implementing
encryption solutions in the banking and financial sector. The emergence of
decentralized technologies and crypto-assets has encouraged various companies
to adopt the central bank digital currency concept. Besides, with the expansion
of digital payment instruments, the possibility of using information linked to
payments has increased privacy issues. Thus, these factors have increased the
demand for encryption systems, thereby driving the bank encryption software
market.
Encryption software uses complex algorithms to
mix the data. The effectiveness of encryption technology is established by the
algorithm’s strength, key length, and encryption system. Since encryption
renders data unreadable to an unauthorized party, the information remains
confidential. The bank encryption
software market is segmented into component, encryption type, enterprise type,
and deployment mode. The component section is divided into software and
services.
Major
companies in the market include IBM, Trend Micro Inc, Broadcom Inc, McAfee
Corp, Thales Group, ESET, and Dell Technologies Inc.
Trend Micro Inc is a cyber-security software company involved in developing server security, cloud security, and small business content solutions. It provides information deployment and attack-specific policies that minimize the impact of network vulnerability and attacks. Its product line includes ServerPortect, which identifies malware in real time, eliminating malicious code and repairing system damage. Trend Micro Inc is an American-Japanese multinational enterprise with headquarters in Tokyo, Japan.
Key deliverables of the report:
●
Market CAGR during the forecasting years 2022-2028
●
Detailed data highlighting key insights, industry components, and
market strategies
● Comprehensive information and estimation of the bank encryption
software market revenue growth in the Asia-Pacific and its influence on the
parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the APAC bank
encryption software market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
Market by Security Testing Typ ..
VIEW REPORT1. ASIA-PACIFIC
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. ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT
3.1. SOFTWARE
3.2. SERVICES
4. ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT MODE
4.1. ON-PREMISE
4.2. CLOUD
5. ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ENTERPRISE TYPE
5.1. LARGE
ENTERPRISES
5.2. SMALL
& MEDIUM ENTERPRISES
6. ASIA-PACIFIC
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. ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET – COUNTRY OUTLOOK
7.1. CHINA
7.2. JAPAN
7.3. INDIA
7.4. SOUTH
KOREA
7.5. ASEAN
COUNTRIES
7.6. AUSTRALIA
& NEW ZEALAND
7.7. REST
OF ASIA-PACIFIC
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 1: ASIA-PACIFIC
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: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE TYPE, 2022-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY ENCRYPTION TYPE, 2022-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
FIGURE 1: KEY BUYING IMPACT
ANALYSIS
FIGURE 2: MARKET
ATTRACTIVENESS INDEX
FIGURE 3: INDUSTRY
COMPONENTS
FIGURE 4: WORKING OF
SECURITY ENCRYPTION MODEL
FIGURE 5: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 6: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, DEPLOYMENT MODE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 9: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, ENTERPRISE TYPE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 12: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2028
(IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, ENCRYPTION TYPE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 15: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2022-2028 (IN $
MILLION)
FIGURE 17: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY FILE/FOLDER ENCRYPTION, 2022-2028 (IN $
MILLION)
FIGURE 18: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2022-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
BANK ENCRYPTION SOFTWARE MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 20: CHINA BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: JAPAN BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: INDIA BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: SOUTH KOREA BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: VIETNAM
BANKING SHARE BY ASSET (IN 2019)
FIGURE 25: SOUTHEAST
ASIAN ADULT POPULATION AND BANKING PENETRATION (IN 2018)
FIGURE 26: ASEAN
COUNTRIES BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: AUSTRALIA
& NEW ZEALAND BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: REST OF
ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)