Market by Component, Deployment Mode, Enterprise Type, Encryption Type, and Country Outlook | Forecast 2022-2028
As per Triton Market
Research’s report, the bank encryption software market in Latin America is
expected to witness growth at a CAGR of
13.63% during the forecasted period from 2022 to 2028.
Report scope can be customized per your requirements. Request For Customization
The
countries reviewed in the given region are:
•
Brazil
•
Mexico
•
Rest of Latin America
Mexico
secures the majority of shares in the bank encryption software. In the region, rising awareness related to
digital banking systems and online transactions has influenced the adoption of
encryption software. Along with this, the threat of cyberattacks has forced
banks and financial institutes to take measures to prevent confidential data.
However, the region faces a lack of infrastructure developments. Nevertheless,
the security measures undertaken by banks surge the adoption of encryption
software, supporting the development of the bank encryption software market.
In Mexico, IT and security professionals are
facing challenges in protecting confidential data. Moreover, there is a rising
threat from hacks and concerns over third-party service providers. This has led
professionals to ensure higher security through various software. In this
regard, encryption plays a major role in providing high-level security,
limiting breaches or accidental disclosure of information. Furthermore, Banco
de México, a primary regulator, oversees monetary policies and ensures the
optimal functioning of payment systems within the nation. The bank depends on
Thales’s OTP token authenticators to ensure that only authorized people access
sensitive resources. Such developments propel the bank encryption software
market on a progressive path.
On the other hand, the Brazilian banking reforms
have highlighted the use of encryption systems in the financial sector. Here,
crucial improvements have been made to the bank resolution and crisis
management framework. Besides this, the resolution framework has been
strengthened by establishing requirements for recovery. Thus, these factors are
expected to create lucrative opportunities for the bank encryption software
market.
On-premise refers to using physical
infrastructure to run servers, e-mails, and network facilities. While
cloud-based software is gaining prominence, several companies opt for
on-premise systems to ensure flexibility in testing and developing the IT
environment. For instance, Dropbox scrapped AWS architecture, opting for an
on-premise approach. The reviewed
market’s growth is assessed based on deployment mode, encryption type,
enterprise type, and component. Based on deployment mode, it is bifurcated
into on-premise and cloud.
The
prominent companies in the given market comprise Dell Technologies Inc, Trend
Micro Inc, Bitdefender Pvt, Intel Corp, and Winmagic Data Security Solution.
Dell Technologies Inc is an IT company providing
a wide range of products, such as desktop computers, tablets, servers, storage,
software, and security. It offers products under multiple brands, including
Dell, RSA, SecureWorks, and VMWare. Additionally, the company is involved in
offering consulting services like capacity planning, data center optimization
assessments, virtualization, and others. Its financial services comprise
originating, collecting, and servicing customer receivables. Dell has operations
across various countries, including Latin American nations.
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 Latin America 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 LA 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. 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 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 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)