Market by Component, Deployment Mode, Enterprise Type, Encryption Type, and Country Outlook | Forecast 2022-2028
Based on Triton’s report, the
bank encryption software market is expected to garner revenue growth at a CAGR of 13.69% during the forecast
period 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries examined in the region consist of:
•
United Kingdom
•
Germany
•
France
•
Spain
•
Italy
•
Rest of Europe
In
Europe, the UK holds the major share in the bank encryption software market. With the development of various technologies
for better data management, several companies are opting for advanced
solutions. This has created lucrative opportunities for major players in the
region. Moreover, the rising need to encrypt confidential data is expected to
surge the adoption of encryption software across industries, especially
financial. There is a rising demand for bank-level encryption to enhance
security levels among tracking companies. Therefore, as mentioned above, all
these factors are widening the scope of the bank encryption software market
across the region.
In the United Kingdom, encryption software is
widely used for communication security. The software is usually employed to
encrypt data stored on the hard disks of desktops, laptops, and other portable
devices. Here, the portability of these devices exposes confidential data to
higher risks, such as cyberattacks. As a result, the demand for encryption
software has taken center stage, augmenting the growth of the bank encryption
software market.
Furthermore, the German government significantly
supports encryption, extending its commitment by announcing the goal of
becoming the global leader in encryption. However, the country has enabled law
enforcement agencies to conduct hacking instead of regulating encryption.
Nevertheless, the formation of BSI formally separated code-making from
code-breaking. Besides this, the country’s cyber security strategy highlighted
the government’s aim to improve security through and despite encryption.
Therefore, all these factors are fueling the growth of the bank encryption software
market within Germany.
Disk encryption helps protect the information
using software or hardware on a disk, preventing unauthorized access. Full or
whole disk encryption is transparent to users, encrypting all files, folders,
and volumes. Further, whole disk encryption safeguards the disk in the event of
theft or accidental loss, resulting in the encrypted state of the drive
remaining unchanged. The studied market
is assessed based on encryption type, component, deployment mode, and
enterprise type. The encryption type is sectioned into a disk, file/folder,
communication, and cloud encryption.
The leading companies in the market include
Broadcom Inc, McAfee Corp, Thales Group, and Microsoft Corp.
Thales Group is a provider of technology
solutions to various industries, including defense, aeronautics, and transport.
The company also offers integrated solutions and equipment to government and
commercial end-users. It develops, designs, and implements a wide range of
electronic solutions. Besides, its product line includes a suite of cloud-based
managed services that enable financial companies to secure onboarding and
digital banking services. Thales has operations across the globe, with
headquarters located in Paris, France.
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 Europe 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 EU 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. EUROPE
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. EUROPE
BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT
3.1. SOFTWARE
3.2. SERVICES
4. EUROPE
BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT MODE
4.1. ON-PREMISE
4.2. CLOUD
5. EUROPE
BANK ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ENTERPRISE TYPE
5.1. LARGE
ENTERPRISES
5.2. SMALL
& MEDIUM ENTERPRISES
6. EUROPE
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. EUROPE
BANK ENCRYPTION SOFTWARE MARKET – COUNTRY OUTLOOK
7.1. UNITED
KINGDOM
7.2. GERMANY
7.3. FRANCE
7.4. SPAIN
7.5. ITALY
7.6. REST
OF EUROPE
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: EUROPE 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: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE TYPE, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY ENCRYPTION TYPE, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE 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: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 6: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 7: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 8: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, DEPLOYMENT MODE OUTLOOK, 2021 & 2028 (IN %)
FIGURE 9: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)
FIGURE 10: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, ENTERPRISE TYPE OUTLOOK, 2021 & 2028 (IN %)
FIGURE 12: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION)
FIGURE 13: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2028 (IN $
MILLION)
FIGURE 14: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, ENCRYPTION TYPE OUTLOOK, 2021 & 2028 (IN %)
FIGURE 15: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2022-2028 (IN $ MILLION)
FIGURE 16: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2022-2028 (IN $
MILLION)
FIGURE 17: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY FILE/FOLDER ENCRYPTION, 2022-2028 (IN $ MILLION)
FIGURE 18: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2022-2028 (IN $ MILLION)
FIGURE 19: EUROPE BANK
ENCRYPTION SOFTWARE MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 20: UNITED
KINGDOM BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: GERMANY BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: FRANCE BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: SPAIN BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: ITALY BANK
ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: COMMERCIAL
BANK SPENDING ON INNOVATION IN POLAND 2016-2019 ($ MILLION)
FIGURE 26: REST OF
EUROPE BANK ENCRYPTION SOFTWARE MARKET 2022-2028 (IN $ MILLION)