The North America Banking Encryption Software Market would witness market growth of 10.6% CAGR during the forecast period (2021-2027).
The financial institutes and banks are protecting their customer’s confidential information from cyber-attacks with the help of encryption software that is propelling the banking encryption software market growth. The key factor surging the global market growth is the rise in illegal activities like money laundering, payment card fraud, and accounting fraud. In addition to it, issues related to the integration and implementation among financial institutes and banks are hindering the growth of the market. On the other hand, the increasing usage of banking software around the developing countries is anticipated to provide major opportunities for the growth of predictive analytics in the banking market over the forecast years.
The high adoption of various improved and advanced technology in this region has contributed to the growing demand for the regional banking encryption software market. There are several companies that are heavily investing in the safety and security of their data by adopting various solutions and software. In addition, the growing cases of cyber-attacks and threats to information prevailing across an organization are one of the major factors that would augment the demand for this software in this region.
Moreover, the presence of various global organizations’ headquarters like World Bank and others in this region can create more opportunities for the market players in this region. Several banking and financial institutions are increasingly adopting advanced software to improve their security. Additionally, many companies are also implementing this software to generate more insights and better management for data, which would bolster the growth of the regional market.
The US market dominated the North America Banking Encryption Software Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $321.8 million by 2027. The Canada market is exhibiting a CAGR of 15.2% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 14.2% during (2021 - 2027).
Based on Component, the market is segmented into Software (Without Services) and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Function, the market is segmented into Disk Encryption, Communication Encryption, File / Folder Encryption, Cloud Encryption, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Banking Encryption Software Market is Estimated to Reach USD 3.2 Billion by 2027 at a CAGR of 12%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Eset, Spol. S.r.o., IBM Corporation, Intel Corporation, McAfee, LLC, Microsoft Corporation, Sophos Group PLC (Thoma Bravo), Thales Group S.A., Trend Micro, Inc., and Winmagic, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Software (Without Services)
- Services
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Function
- Disk Encryption
- Communication Encryption
- File / Folder Encryption
- Cloud Encryption
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Broadcom, Inc.
- Eset, Spol. S.r.o.
- IBM Corporation
- Intel Corporation
- McAfee, LLC
- Microsoft Corporation
- Sophos Group PLC (Thoma Bravo)
- Thales Group S.A.
- Trend Micro, Inc.
- Winmagic, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Banking Encryption Software Market, by Component
1.4.2 North America Banking Encryption Software Market, by Deployment Type
1.4.3 North America Banking Encryption Software Market, by Enterprise Size
1.4.4 North America Banking Encryption Software Market, by Function
1.4.5 North America Banking Encryption Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Sep – 2021, Jun) Leading Players
Chapter 4. North America Banking Encryption Software Market by Component
4.1 North America Banking Encryption Software (Without Services) Market by Country
4.2 North America Banking Encryption Software Services Market by Country
Chapter 5. North America Banking Encryption Software Market by Deployment Type
5.1 North America On-premise Banking Encryption Software Market by Country
5.2 North America Cloud Banking Encryption Software Market by Country
Chapter 6. North America Banking Encryption Software Market by Enterprise Size
6.1 North America Large Enterprises Banking Encryption Software Market by Country
6.2 North America Small & Medium Enterprises Banking Encryption Software Market by Country
Chapter 7. North America Banking Encryption Software Market by Function
7.1 North America Disk Encryption Banking Encryption Software Market by Country
7.2 North America Communication Encryption Banking Encryption Software Market by Country
7.3 North America File / Folder Encryption Banking Encryption Software Market by Country
7.4 North America Cloud Encryption Banking Encryption Software Market by Country
7.5 North America Others Banking Encryption Software Market by Country
Chapter 8. North America Banking Encryption Software Market by Country
8.1 US Banking Encryption Software Market
8.1.1 US Banking Encryption Software Market by Component
8.1.2 US Banking Encryption Software Market by Deployment Type
8.1.3 US Banking Encryption Software Market by Enterprise Size
8.1.4 US Banking Encryption Software Market by Function
8.2 Canada Banking Encryption Software Market
8.2.1 Canada Banking Encryption Software Market by Component
8.2.2 Canada Banking Encryption Software Market by Deployment Type
8.2.3 Canada Banking Encryption Software Market by Enterprise Size
8.2.4 Canada Banking Encryption Software Market by Function
8.3 Mexico Banking Encryption Software Market
8.3.1 Mexico Banking Encryption Software Market by Component
8.3.2 Mexico Banking Encryption Software Market by Deployment Type
8.3.3 Mexico Banking Encryption Software Market by Enterprise Size
8.3.4 Mexico Banking Encryption Software Market by Function
8.4 Rest of North America Banking Encryption Software Market
8.4.1 Rest of North America Banking Encryption Software Market by Component
8.4.2 Rest of North America Banking Encryption Software Market by Deployment Type
8.4.3 Rest of North America Banking Encryption Software Market by Enterprise Size
8.4.4 Rest of North America Banking Encryption Software Market by Function
Chapter 9. Company Profiles
9.1 Broadcom, Inc.
9.1.1 Company Overview
9.1.1 Financial Analysis
9.1.2 Segmental and Regional Analysis
9.1.3 Research & Development Expense
9.1.4 Recent Strategies and Developments:
9.1.4.1 Partnerships, Collaborations and Agreements:
9.1.5 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent Strategies and Developments:
9.2.5.1 Partnerships, Collaborations and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisitions and Mergers:
9.2.6 SWOT Analysis
9.3 McAfee, LLC
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent Strategies and Developments:
9.3.5.1 Partnerships, Collaborations and Agreements:
9.4 Microsoft Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent Strategies and Developments:
9.4.5.1 Partnerships, Collaborations and Agreements:
9.4.6 SWOT Analysis
9.5 Sophos Group PLC (Thoma Bravo)
9.5.1 Company Overview
9.5.2 Recent Strategies and Developments:
9.5.2.1 Product Launches and Product Expansions:
9.6 Thales Group S.A.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research and Development Expense
9.6.5 Recent Strategies and Developments:
9.6.5.1 Partnerships, Collaborations and Agreements:
9.6.5.2 Acquisitions and Mergers:
9.7 Trend Micro, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expense
9.8 Intel Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent Strategies and Developments:
9.8.5.1 Partnerships, Collaborations and Agreements:
9.8.6 SWOT Analysis
9.9 ESET, spol. S.r.o.
9.9.1 Company Overview
9.9.2 Recent Strategies and Developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. WinMagic, Inc.
9.10.1 Company Overview
9.10.2 Recent Strategies and Developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 2 North America Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Banking Encryption Software Market
TABLE 4 Product Launches And Product Expansions– Banking Encryption Software Market
TABLE 5 Acquisition and Mergers– Banking Encryption Software Market
TABLE 6 North America Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 7 North America Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 8 North America Banking Encryption Software (Without Services) Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Banking Encryption Software (Without Services) Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Banking Encryption Software Services Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Banking Encryption Software Services Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 13 North America Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 14 North America On-premise Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 15 North America On-premise Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Cloud Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Cloud Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 19 North America Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 20 North America Large Enterprises Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Large Enterprises Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Small & Medium Enterprises Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Small & Medium Enterprises Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 25 North America Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 26 North America Disk Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Disk Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Communication Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Communication Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 30 North America File / Folder Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 31 North America File / Folder Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Cloud Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Cloud Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Others Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Others Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 38 US Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 39 US Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 40 US Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 41 US Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 42 US Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 43 US Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 44 US Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 45 US Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 46 US Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 47 US Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 48 Canada Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 49 Canada Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 50 Canada Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 51 Canada Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 52 Canada Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 53 Canada Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 54 Canada Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 55 Canada Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 56 Canada Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 57 Canada Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 58 Mexico Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 59 Mexico Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 60 Mexico Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 61 Mexico Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 62 Mexico Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 63 Mexico Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 64 Mexico Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 65 Mexico Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 66 Mexico Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 67 Mexico Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 68 Rest of North America Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 69 Rest of North America Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 70 Rest of North America Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 71 Rest of North America Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 72 Rest of North America Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 73 Rest of North America Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 74 Rest of North America Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 75 Rest of North America Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 76 Rest of North America Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 77 Rest of North America Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 78 Key Information – Broadcom, Inc.
TABLE 79 Key information – IBM Corporation
TABLE 80 key information – McAfee, LLC
TABLE 81 key information – Microsoft Corporation
TABLE 82 Key Information – Sophos Group PLC
TABLE 83 key information – Thales Group S.A.
TABLE 84 Key Information – Trend Micro, Inc.
TABLE 85 Key Information – Intel Corporation
TABLE 86 Key Information – eset, spol. S.r.o.
TABLE 87 Key Information – winmagic, inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, collaborations, and agreements: 2017, sep – 2021, Jun) Leading Players
FIG 5 SWOT Analysis: Broadcom, Inc.
FIG 6 Recent Strategies and Development: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 SWOT Analysis: Microsoft Corporation
FIG 9 Recent Strategies and Development: Thales Group S.A.
FIG 10 SWOT analysis: Intel corporation