ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET 2022-2028

Asia-pacific Bank Encryption Software Market 2022-2028

MARKET OUTLOOK

Triton’s research report on the Asia-Pacific bank encryption software market infers that the market is estimated to progress at a CAGR of 14.85% during the forecasting phase of 2022-2028. Japan, Australia & New Zealand, South Korea, India, China, ASEAN countries, and Rest of APAC outline the market in the APAC region.

In India, the IT industry has transformed significantly over the years. For instance, the IT Act 2000 mandated the use of digital signatures for authentication and verification of online transactions. This led to the use of public key infrastructure for encrypting, signing, and authenticating the transactions. Since PKI and other encryption tools were not developed, the RBI guidelines suggested 128-bit secure socket layer (SSL) encryption as an alternative to PKI to ensure browser security. Thus, such developments have supported the bank encryption software market’s growth across the country.

The Bank of Korea is taking steps to increase cyber security to another level, maintaining pace with financial technology. Moreover, the digitalization trend has increased cyberattacks across financial institutes, influencing the adoption of security software. In this regard, encryption helps convert confidential data into an unreadable format, ensuring high-level security. Several banks are improving the security of cyberspace through various new policies. Therefore, the growing need for cyber security has increased the adoption of encryption software, supporting the South Korean bank encryption software market.

COMPETITIVE OUTLOOK

Leading companies in the bank encryption software market include Microsoft Corp, Thales Group, Dell Technologies Inc, ESET, Trend Micro Inc, Intel Corp, and IBM.


1. Asia-pacific 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. Asia-pacific Bank Encryption Software Market Outlook - By Component
3.1. Software
3.2. Services
4. Asia-pacific Bank Encryption Software Market Outlook - By Deployment Mode
4.1. On-premise
4.2. Cloud
5. Asia-pacific Bank Encryption Software Market Outlook - By Enterprise Type
5.1. Large Enterprises
5.2. Small & Medium Enterprises
6. Asia-pacific 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. Asia-pacific Bank Encryption Software Market – Country Outlook
7.1. China
7.2. Japan
7.3. India
7.4. South Korea
7.5. Asean Countries
7.6. Australia & New Zealand
7.7. Rest Of Asia-pacific
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 List
Table 1: Asia-pacific 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: Asia-pacific Bank Encryption Software Market, By Component, 2022-2028 (In $ Million)
Table 9: Asia-pacific Bank Encryption Software Market, By Deployment Mode, 2022-2028 (In $ Million)
Table 10: Asia-pacific Bank Encryption Software Market, By Enterprise Type, 2022-2028 (In $ Million)
Table 11: Asia-pacific Bank Encryption Software Market, By Encryption Type, 2022-2028 (In $ Million)
Table 12: Asia-pacific Bank Encryption Software Market, By Country, 2022-2028 (In $ Million)
Figure List
Figure 1: Key Buying Impact Analysis
Figure 2: Market Attractiveness Index
Figure 3: Industry Components
Figure 4: Working Of Security Encryption Model
Figure 5: Asia-pacific Bank Encryption Software Market, Component Outlook, 2021 & 2028 (In %)
Figure 6: Asia-pacific Bank Encryption Software Market, By Software, 2022-2028 (In $ Million)
Figure 7: Asia-pacific Bank Encryption Software Market, By Services, 2022-2028 (In $ Million)
Figure 8: Asia-pacific Bank Encryption Software Market, Deployment Mode Outlook, 2021 & 2028 (In %)
Figure 9: Asia-pacific Bank Encryption Software Market, By On-premise, 2022-2028 (In $ Million)
Figure 10: Asia-pacific Bank Encryption Software Market, By Cloud, 2022-2028 (In $ Million)
Figure 11: Asia-pacific Bank Encryption Software Market, Enterprise Type Outlook, 2021 & 2028 (In %)
Figure 12: Asia-pacific Bank Encryption Software Market, By Large Enterprises, 2022-2028 (In $ Million)
Figure 13: Asia-pacific Bank Encryption Software Market, By Small & Medium Enterprises, 2022-2028 (In $ Million)
Figure 14: Asia-pacific Bank Encryption Software Market, Encryption Type Outlook, 2021 & 2028 (In %)
Figure 15: Asia-pacific Bank Encryption Software Market, By Disk Encryption, 2022-2028 (In $ Million)
Figure 16: Asia-pacific Bank Encryption Software Market, By Communication Encryption, 2022-2028 (In $ Million)
Figure 17: Asia-pacific Bank Encryption Software Market, By File/Folder Encryption, 2022-2028 (In $ Million)
Figure 18: Asia-pacific Bank Encryption Software Market, By Cloud Encryption, 2022-2028 (In $ Million)
Figure 19: Asia-pacific Bank Encryption Software Market, Regional Outlook, 2021 & 2028 (In %)
Figure 20: China Bank Encryption Software Market 2022-2028 (In $ Million)
Figure 21: Japan Bank Encryption Software Market 2022-2028 (In $ Million)
Figure 22: India Bank Encryption Software Market 2022-2028 (In $ Million)
Figure 23: South Korea Bank Encryption Software Market 2022-2028 (In $ Million)
Figure 24: Vietnam Banking Share By Asset (In 2019)
Figure 25: Southeast Asian Adult Population And Banking Penetration (In 2018)
Figure 26: Asean Countries Bank Encryption Software Market 2022-2028 (In $ Million)
Figure 27: Australia & New Zealand Bank Encryption Software Market 2022-2028 (In $ Million)
Figure 28: Rest Of Asia-pacific Bank Encryption Software Market 2022-2028 (In $ Million)

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