Banking Encryption Software Market Expected to Reach $4.98 B...| MENAFN.COM

Thursday, 27 January 2022 02:12 GMT

Banking Encryption Software Market Expected to Reach $4.98 Billion by 2030 | Investment Trends & Opportunity Analysis

(MENAFN- EIN Presswire)

Banking Encryption Software Market Report

PORTLAND, OREGON, UNITED STATES, November 28, 2021 / / -- Allied Market Research published latest report, titled,“Banking Encryption Software Market by Component (Software and Service) Deployment Model (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Sized Enterprises), and Function (Disk Encryption, Communication Encryption, File/Folder Encryption, and Cloud Encryption): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to a report, the global banking encryption software industry size was valued at $1.49 billion in 2020, and is projected to reach $4.98 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.

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The adoption of banking encryption software has increased over the years to boost the security of financial transaction during payment process. In addition, rise in use of advanced technology in banks and financial institutions, and increase in integration of contactless payment technologies in banking payment app are some of the important factors, which boost the adoption of banking security technology across the globe. Furthermore, numerous benefits provided by banking encryption software include improving operational efficiency by reducing payment transition security, and reducing fraudulent activities in money transaction process, propels the growth of the banking encryption software market across the globe.

The global Banking Encryption Software Market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The report also focuses on the subjective aspect of the industry. Furthermore, the Banking Encryption Software Market takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry.

The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.

Major players profiled in the report are Broadcom, ESET, IbM Corporation, Intel Corporation, McAfee, LLC, Microsoft Corporation, Sophos Ltd., Thales Group, Trend Micro Incorporated and WinMagic.

The global Banking Encryption Software Market share is analyzed on the basis of type, application, end user, and region. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The region across North America is classified into the U.S, Canada, and Mexico. Europe includes countries such as Germany, the UK, France, Italy, Spain, and rest of Europe. At the same time, Asia-Pacific covers countries such as Japan, China, South Korea, India, and rest of Asia-Pacific. Finally, LAMEA is segmented into Latin America, the Middle East, and Africa

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COVID-19 impact analysis

The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The Banking Encryption Software Market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the Banking Encryption Software Market growth. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the Banking Encryption Software Market sales. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.

Major Inclusions-

•Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
•Analysis at country and regional level, which portrays the Banking Encryption Software Market share of the product or service in different regions.
•Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
•The forecasted market outlook of the Banking Encryption Software Market based on recent developments , which incorporate the analysis of drivers, market trends, and growth opportunities.
•The COVID-19 impact on the Banking Encryption Software Market Growth
•Post-sales support and free customization

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

David Correa
Allied Analytics LLP

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