Cloud Security in Banking Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for cloud security solutions in the banking sector is set to grow at a CAGR of 33.1% for the forecast period (2021 - 2026). More and more financial institutions are using blockchain technology or are in the process of implementing blockchain capabilities as it provides a very high level of safety and security when it comes to exchanging data, information, and money.
Key HighlightsThe cloud security in the banking market is moving toward the fragmented stage as the banking industry is experiencing a massive transformation, due to technological advancement, and the players are competing in providing the best solution to the banking and financial institutions. Key players are Google Cloud Platform, Salesforce, Vormetric, etc. The recent developments in the market are -
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