Dublin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- The "Banking Encryption Software Market Size, Share & Trends Analysis Report by Component (Software, Service), Deployment, Enterprise Size, Function, Region, and Segment Forecasts, 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The global banking encryption software market size is expected to reach USD 5.03 billion by 2030, registering a CAGR of 13.8% from 2025 to 2030. The growing need for modern security solutions worldwide is anticipated to drive the growth of the industry. In addition, the rising incidences of cyber-attacks also bode well for growth. 
Banking encryption software facilitates the confidential exchange of vital data by encrypting the data at the sender's end in a form not readable without a proper authentication key, which is usually in the form of a password. The receiver can use the authentication key to decrypt the data and read it. The strong emphasis banks and other financial institutions are putting on securing data transactions is driving the adoption of banking encryption software.
The growing partnerships among the encryption software providers are expected to drive market growth. For instance, In April 2021, Google Cloud and Broadcom collaborated. This collaboration increased the integration of cloud services into Broadcom's primary software franchises. In this partnership, Broadcom was able to make enterprise operations software and its security suite available on Google Cloud, enabling organizations to encrypt and decrypt data at the column level.
Banking Encryption Software Market Report Highlights
- The software segment accounted for the largest share of 64.64% in 2024. The software provides the infrastructure for deploying, creating, and managing financial products.
- The on-premise segment held the largest market in 2024. Institutions worldwide are making efforts to gain authority over their software and control over their data.
- The large enterprises segment dominated the market in 2024. Large enterprises comparably have to handle a lot of data owing to their large customer base, which is the key attribute responsible for the segment's dominance.
- The disk encryption segment dominated the market in 2024. Disk encryption's capability to encrypt the tiniest bit of data stored in the disk volume creates demand across the banking sector.
- North America banking encryption software market held the largest share in 2024 and accounted for 28.80%.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
The leading players in the Banking Encryption Software market include:
- Broadcom
- ESET North America
- IBM
- Intel
- McAfee
- Microsoft
- Sophos
- Thales Group
- Trend Micro
- WinMagic
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $2.35 Billion |
| Forecasted Market Value (USD) by 2030 | $5.03 Billion |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Banking Encryption Software Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.3. Banking Encryption Software Market Analysis Tools
3.4. Pain Point Analysis
Chapter 4. Banking Encryption Software Market: Component Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Banking Encryption Software Market: Component Movement Analysis, 2024 & 2030 (USD Million)
4.3. Software
4.4. Service
Chapter 5. Banking Encryption Software Market: Deployment Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Banking Encryption Software Market: Deployment Movement Analysis, 2024 & 2030 (USD Million)
5.3. On-premise
5.4. Cloud
Chapter 6. Banking Encryption Software Market: Enterprise Size Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Banking Encryption Software Market: Enterprise Size Movement Analysis, 2024 & 2030 (USD Million)
6.3. Large Enterprises
6.4. Small & Medium Enterprises
Chapter 7. Banking Encryption Software Market: Function Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Banking Encryption Software Market: Function Movement Analysis, 2024 & 2030 (USD Million)
7.3. Disk Encryption
7.4. Communication Encryption
7.5. File/Folder Encryption
7.6. Cloud Encryption
Chapter 8. Banking Encryption Software Market: Regional Estimates & Trend Analysis
8.1. Banking Encryption Software Market Share, By Region, 2024 & 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
- Broadcom
- ESET North America
- IBM
- Intel
- McAfee
- Microsoft
- Sophos
- Thales Group
- Trend Micro Incorporated
- WinMagic
For more information about this report visit https://www.researchandmarkets.com/r/lskjj5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
