Market by Component, Deployment Mode, Enterprise Type, Encryption Type, and Country Outlook | Forecast 2022-2028
Triton Market Research’s
report estimates the bank encryption software market in North America to
progress with a compound annual growth
rate of 13.96% during the forecast years 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries analyzed in the region are:
•
United States
•
Canada
The
United States captures the major share in the bank encryption software market. The market has witnessed significant growth in
the region over the years, owing to favorable government policies and rising
awareness pertaining to cyber security. The high adoption of advanced
technologies has also contributed heavily to the studied market’s development.
Several companies are heavily investing in security of data by adopting new
software and solutions. Besides, the rising cyberattacks across industries,
especially finance, has amplified the demand for encryption software. Thus, as
stated above, these factors are responsible for the robust growth of the bank
encryption software across the region.
In the United States, banking encryption software
automated the encryption process in the finance sector. The software manages
the level of data protection in banks and other financial institutes. Here,
data security and privacy has become imperative in banking, which is mainly due
to rising data thefts and unauthorized access. The market is also supported by
prominent companies such as Intel, IBM, and Microsoft Corporation. As a result,
the country has emerged as a major hub for banking encryption software
manufacturing and cloud services. Such developments contribute significantly to
the bank encryption software market’s development.
File encryption consists of two main
applications of encryption software tools, allowing sensitive data storage in
cipher text. Most products employ one or more symmetric-key ciphers with large
key sizes, ensuring strong data protection even in case of theft. Several
products come with additional features such as file compression, shredding, and
others. The bank encryption software
market’s development is examined in terms of encryption type, deployment mode,
component, and enterprise type. Based on encryption type, it is segmented
into file/folder, communication, cloud, and disk encryption.
The key companies thriving in the bank
encryption software market consist of Bitdefender Pvt, Netskope Inc, Intel
Corp, Trend Micro Inc, Winmagic Data Security Solution, and Protegrity Pvt Ltd.
Winmagic Data Security Solution is engaged in providing secure and
comprehensive solutions in encryption and authentication. The company is known
for continuous innovation using high-standard, scientific engineering
capabilities. It offers solutions with one console and key management for
encryption, from IoT to data centers to cloud workloads. The company has
operations across various regions, serving numerous end-users. It is
headquartered in Mississauga, Ontario, Canada.
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 North 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 NA 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. 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 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 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)