Cloud Security in Banking Market 2022 Analysis by Top Manufacturers – Google Cloud Platform, Salesforce, Vormetric Inc., Boxcryptor, Trend Micro, Sophos

The Cloud Security in Banking Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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).

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Top Leading Companies of Cloud Security in Banking Market are Google Cloud Platform, Salesforce, Vormetric Inc., Boxcryptor, Trend Micro, Sophos, Wave Systems, Microsoft Azure, Temenos, nCino and others.

Industry News and Updates

April 2019 - Scotiabank's platform VP shared Google's cloud-native approach for protecting personally identifiable information (PII) in Google Cloud Platform (GCP). The session will cover their considerations around access and bank application reidentification.

Key Market Trends

North America to Account for Significant Share

- North America is holding the highest share as the most number of data breaches in banks occur in this region. In July 2018, hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over eight months, making off with more than USD 2.4 million total. With rising cyberthreat, the need for cloud security software in North American banks is increasing which is driving the market.

- Most banks have begun to explore the cloud's potential as a business building asset for transforming their operating and delivery models, clarifying requirements and governance issues and addressing regulatory and security issues in this region.

- Retail banks have been quick to explore cloud options. Accen-ture worked with a large bank in the United States to create a cloud architecture that would automate the conversion of data from multiple sources into useful insights for making business decisions and providing more security.

Regional Outlook of Cloud Security in Banking Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Cloud Security in Banking Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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