Banking Cyber Security Market expected to hit USD553.95 Bn by 2029 during the forecast period at a CAGR of 12.5 percent

Pune 3 March 2023: The "Banking Cyber Security Market" was USD215.9 Bn in 2021 and is expected to grow at a CAGR of 12.5 percent to reach USD553.95 Bn by 2029 during the forecast period. The Banking Cyber Security Market report is published by Maximize Market Research available in the market. It has got clients in Information Technology & Telecommunication segment in more than 34 countries.

Banking Cyber Security Market Scope and Research Methodology

The Banking Cyber Security Market report involves trends, challenges, opportunities and region wise market penetration. ­The Banking Cyber Security Market report provides an information about various industry verticals, revenue, gross income and market share. The Banking Cyber Security Market report analyses through segments such as place of deployment whether it is at cloud or on-premise and by component along with their various sub-segments. The Banking Cyber Security Market report uses the bottom-up approach to estimate the size of the market by its value. Further information involves in the report is investment in research and development and mergers and acquisitions happening in the Banking Cyber Security Market. Primary and secondary research methods were used to collect data. Primary information is gathered from interviews with market leaders, business owners and opinions of senior research analyst. Whereas, secondary involves data from industry journals, public records and annual reports. The collected data is further analysed by tools such as qualitative and quantitative analysis.

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Growing frauds and risks associated with net banking are driving the Banking Cyber Security Market

The rise in the frequency of cyber-attacks and growing need for strong authentication methods are expected to drive the growth of the Banking Cyber Security Market. Latest innovations such as cloud security and AI-integrated solutions are propelling the growth of the Banking Cyber Security Market. The major key companies such as Intel Security, IBM Corporation, Microsoft and CrowdStrike are investing in the development of security solutions. The threat of the cyber-attacks is increasing day by day not only in banking sector but every sector of the industry. All these factors are expected to drive the Banking Cyber Security Market. The use of pirated solutions is also expected to affect the Banking Cyber Security Market.

North America held the largest share of the Banking Cyber Security Market in 2021

The continuous innovation in technology and investment by top companies in research and developments has been driving the growth of the Banking Cyber Security Market in North America. The focus of the market is expected to shift in the Asia Pacific throughout the forecast period. The growing adoption of the web and mobile-based banking applications are expected to drive the Asia Pacific to hold the largest share of the Banking Cyber Security Market throughout the forecast period.

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Banking Cyber Security Market Segmentation

By Deployment:

Cloud
On-premises

By Component:

Segment
Solution

Banking Cyber Security Market Key Players Include:

Symantec Corporation
Intel Security
IBM Corporation
Hewlett Packard Enterprise
Rapid7, Inc.
Cisco Systems, Inc.
FireEye, Inc.
EMC RSA
Sophos Ltd.
Trend Micro, Inc
Palo Alto Network
Microsoft
Sophos
Splunk
Netsparker
CrowdStrike
Fortinet
KnowBe4
McAfee LLC
Honeywell International Inc.
Computer Science Corporation (CSC)

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Table of Content for Global Banking Cyber Security Market:

Global Market: Research Methodology
Global Banking Cyber Security Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Banking Cyber Security Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Banking Cyber Security Market Segmentation
Global Market, by Deployment (2021-2029)
Global Market, by Component (2021-2029)
Regional Banking Cyber Security Market (2021-2029)
Regional Market, by Deployment (2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by Country (2021-2029)

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Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Deployment, Component
Competitive Landscape - Profiles of selected key players by region in astrategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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