The Latin America, Middle East and Africa Banking Encryption Software Market would witness market growth of 17.2% CAGR during the forecast period (2021-2027).
In the online banking field, major concerns related to data are its privacy and security. To avoid any kind of mishappening like illegal transactions, it is important to use high-level security. On the internet, numerous services for transactions and all kinds of details are available for the users. The only way to provide data privacy and security in online banking is the encryption of information. A digital signature, pin code, biometric, steganography, and password are some ways through which confidential data can be secured.
There is an increase in the number of threats and usage of mobile & online channels, owing to which banks are excessively investing in data & information security technology. The biggest challenge for financial institutes and banks is to handle the security of mobile and online banking. In banks and financial service organizations, Cryptography plays an important role by keeping all the data secured. It transforms the message into an unintelligible form so that nobody can read it except the authentic users. It can also authenticate the source of messages and make sure that transaction message had not been forged.
The rising need for protecting and encrypting the huge amount of data in a firm would bolster the growth of the regional market. In addition, the increasing demand for an advanced and improved solution for enhancing the security of the data and minimized security breaches would contribute to the surging growth of the regional market.
Moreover, the increasing focus of many SMEs and large enterprises towards data encryption is estimated to propel regional growth. However, the significant cost attached to banking encryption software would restrict small companies from employing this software. With the increasing cases of digital threats, the requirement for such software would augment in this region. These aspects would slow down the growth of the regional banking encryption software market during the forecast period.
The Brazil market dominated the LAMEA Communication Encryption Banking Encryption Software Market by Country 2020, thereby, achieving a market value of $13.9 million by 2027. The Argentina market would witness a CAGR of 17.3% during (2021 - 2027). Additionally, The UAE market is showcasing a CAGR of 16.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Banking Encryption Software Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Banking Encryption Software Market, by Component
1.4.2 LAMEA Banking Encryption Software Market, by Deployment Type
1.4.3 LAMEA Banking Encryption Software Market, by Enterprise Size
1.4.4 LAMEA Banking Encryption Software Market, by Function
1.4.5 LAMEA 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. LAMEA Banking Encryption Software Market by Component
4.1 LAMEA Banking Encryption Software (Without Services) Market by Country
4.2 LAMEA Banking Encryption Software Services Market by Country
Chapter 5. LAMEA Banking Encryption Software Market by Deployment Type
5.1 LAMEA On-premise Banking Encryption Software Market by Country
5.2 LAMEA Cloud Banking Encryption Software Market by Country
Chapter 6. LAMEA Banking Encryption Software Market by Enterprise Size
6.1 LAMEA Large Enterprises Banking Encryption Software Market by Country
6.2 LAMEA Small & Medium Enterprises Banking Encryption Software Market by Country
Chapter 7. LAMEA Banking Encryption Software Market by Function
7.1 LAMEA Disk Encryption Banking Encryption Software Market by Country
7.2 LAMEA Communication Encryption Banking Encryption Software Market by Country
7.3 LAMEA File / Folder Encryption Banking Encryption Software Market by Country
7.4 LAMEA Cloud Encryption Banking Encryption Software Market by Country
7.5 LAMEA Others Banking Encryption Software Market by Country
Chapter 8. LAMEA Banking Encryption Software Market by Country
8.1 Brazil Banking Encryption Software Market
8.1.1 Brazil Banking Encryption Software Market by Component
8.1.2 Brazil Banking Encryption Software Market by Deployment Type
8.1.3 Brazil Banking Encryption Software Market by Enterprise Size
8.1.4 Brazil Banking Encryption Software Market by Function
8.2 Argentina Banking Encryption Software Market
8.2.1 Argentina Banking Encryption Software Market by Component
8.2.2 Argentina Banking Encryption Software Market by Deployment Type
8.2.3 Argentina Banking Encryption Software Market by Enterprise Size
8.2.4 Argentina Banking Encryption Software Market by Function
8.3 UAE Banking Encryption Software Market
8.3.1 UAE Banking Encryption Software Market by Component
8.3.2 UAE Banking Encryption Software Market by Deployment Type
8.3.3 UAE Banking Encryption Software Market by Enterprise Size
8.3.4 UAE Banking Encryption Software Market by Function
8.4 Saudi Arabia Banking Encryption Software Market
8.4.1 Saudi Arabia Banking Encryption Software Market by Component
8.4.2 Saudi Arabia Banking Encryption Software Market by Deployment Type
8.4.3 Saudi Arabia Banking Encryption Software Market by Enterprise Size
8.4.4 Saudi Arabia Banking Encryption Software Market by Function
8.5 South Africa Banking Encryption Software Market
8.5.1 South Africa Banking Encryption Software Market by Component
8.5.2 South Africa Banking Encryption Software Market by Deployment Type
8.5.3 South Africa Banking Encryption Software Market by Enterprise Size
8.5.4 South Africa Banking Encryption Software Market by Function
8.6 Nigeria Banking Encryption Software Market
8.6.1 Nigeria Banking Encryption Software Market by Component
8.6.2 Nigeria Banking Encryption Software Market by Deployment Type
8.6.3 Nigeria Banking Encryption Software Market by Enterprise Size
8.6.4 Nigeria Banking Encryption Software Market by Function
8.7 Rest of LAMEA Banking Encryption Software Market
8.7.1 Rest of LAMEA Banking Encryption Software Market by Component
8.7.2 Rest of LAMEA Banking Encryption Software Market by Deployment Type
8.7.3 Rest of LAMEA Banking Encryption Software Market by Enterprise Size
8.7.4 Rest of LAMEA 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 LAMEA Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 7 LAMEA Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 8 LAMEA Banking Encryption Software (Without Services) Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Banking Encryption Software (Without Services) Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Banking Encryption Software Services Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Banking Encryption Software Services Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 13 LAMEA Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 14 LAMEA On-premise Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA On-premise Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Cloud Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Cloud Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 19 LAMEA Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 20 LAMEA Large Enterprises Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Large Enterprises Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA Small & Medium Enterprises Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Small & Medium Enterprises Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 25 LAMEA Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 26 LAMEA Disk Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 27 LAMEA Disk Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 28 LAMEA Communication Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 29 LAMEA Communication Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 30 LAMEA File / Folder Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 31 LAMEA File / Folder Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 32 LAMEA Cloud Encryption Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 33 LAMEA Cloud Encryption Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 34 LAMEA Others Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 35 LAMEA Others Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 36 LAMEA Banking Encryption Software Market by Country, 2017 - 2020, USD Million
TABLE 37 LAMEA Banking Encryption Software Market by Country, 2021 - 2027, USD Million
TABLE 38 Brazil Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 39 Brazil Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 40 Brazil Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 41 Brazil Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 42 Brazil Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 43 Brazil Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 44 Brazil Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 45 Brazil Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 46 Brazil Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 47 Brazil Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 48 Argentina Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 49 Argentina Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 50 Argentina Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 51 Argentina Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 52 Argentina Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 53 Argentina Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 54 Argentina Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 55 Argentina Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 56 Argentina Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 57 Argentina Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 58 UAE Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 59 UAE Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 60 UAE Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 61 UAE Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 62 UAE Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 63 UAE Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 64 UAE Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 65 UAE Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 66 UAE Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 67 UAE Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 68 Saudi Arabia Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 69 Saudi Arabia Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 70 Saudi Arabia Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 71 Saudi Arabia Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 72 Saudi Arabia Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 73 Saudi Arabia Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 74 Saudi Arabia Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 75 Saudi Arabia Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 76 Saudi Arabia Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 77 Saudi Arabia Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 78 South Africa Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 79 South Africa Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 80 South Africa Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 81 South Africa Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 82 South Africa Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 83 South Africa Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 84 South Africa Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 85 South Africa Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 86 South Africa Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 87 South Africa Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 88 Nigeria Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 89 Nigeria Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 90 Nigeria Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 91 Nigeria Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 92 Nigeria Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 93 Nigeria Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 94 Nigeria Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 95 Nigeria Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 96 Nigeria Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 97 Nigeria Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 98 Rest of LAMEA Banking Encryption Software Market, 2017 - 2020, USD Million
TABLE 99 Rest of LAMEA Banking Encryption Software Market, 2021 - 2027, USD Million
TABLE 100 Rest of LAMEA Banking Encryption Software Market by Component, 2017 - 2020, USD Million
TABLE 101 Rest of LAMEA Banking Encryption Software Market by Component, 2021 - 2027, USD Million
TABLE 102 Rest of LAMEA Banking Encryption Software Market by Deployment Type, 2017 - 2020, USD Million
TABLE 103 Rest of LAMEA Banking Encryption Software Market by Deployment Type, 2021 - 2027, USD Million
TABLE 104 Rest of LAMEA Banking Encryption Software Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 105 Rest of LAMEA Banking Encryption Software Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 106 Rest of LAMEA Banking Encryption Software Market by Function, 2017 - 2020, USD Million
TABLE 107 Rest of LAMEA Banking Encryption Software Market by Function, 2021 - 2027, USD Million
TABLE 108 Key Information – Broadcom, Inc.
TABLE 109 Key information – IBM Corporation
TABLE 110 key information – McAfee, LLC
TABLE 111 key information – Microsoft Corporation
TABLE 112 Key Information – Sophos Group PLC
TABLE 113 key information – Thales Group S.A.
TABLE 114 Key Information – Trend Micro, Inc.
TABLE 115 Key Information – Intel Corporation
TABLE 116 Key Information – eset, spol. S.r.o.
TABLE 117 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