The Asia-Pacific bank encryption software market is predicted to project a CAGR of 14.27% during the forecast period, 2022-2030, and reach a revenue of $9645.17 million by 2030.

ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET FORECAST 2022-2030

Asia-Pacific Bank Encryption Software Market by Deployment Model (on-premise Bank Encryption Software, Cloud Bank Encryption Software) Market by Enterprise Size (Large Enterprises, Small & Medium Enterprises) Market by Component (Software, Services) Market by Function (Disk Encryption, Communication Encryption, Cloud Encryption, File/ Folder Encryption) by Geography

Request free sample

The Asia-Pacific bank encryption software market is predicted to project a CAGR of 14.27% during the forecast period, 2022-2030, and reach a revenue of $9645.17 million by 2030.

Asia-Pacific Bank Encryption Software Market

To know more about this report, request a free sample copy

There is a surging demand for digital payment technologies like credit cards, debit cards, and mobile banking in the region. Also, the benefits offered by the bank encryption software like the restriction of illegal activities in the banking process, high payment security, and improved payment transaction services, in terms of electronic payment methods, offer growth opportunities.

The Asia-Pacific bank encryption software market growth evaluation includes the analysis of Japan, South Korea, Thailand, Australia & New Zealand, China, India, Indonesia, Singapore, and Rest of Asia-Pacific. In China, the national security, technological autonomy, and economic development goals encompass encryption software development. Encryption was a vital tool in many industrial policies designed to propel the competitiveness of domestic IT firms in the late 1990s. Also, there are real concerns regarding the risks associated with reliance on foreign suppliers. These have further extended to concerns related to individual users, particularly between personal information protection and government access.

Further, the country has over 800 million internet users and 1.5 billion cell phone subscriptions. Additionally, the widespread cyber-crime has raised the awareness of privacy and the need for personal information security among citizens. Such factors enable market growth in China.

In India, the information technology policy was developed upon the acknowledgment of the internet’s potential for digital banking and e-commerce. Accordingly, the Information Technology Act 2000 obligated the use of digital signatures for non-repudiation, verification, and authentication of online transactions. In addition, the premier banks of the country are looking to adopt fully-encrypted, state-of-the-art ATM security solutions to protect consumers after having to block compromised debit cards as part of big data breaches in the financial sector. Also, cyber threats and malware attacks have impacted the banks in India, resulting in efforts to ensure data protection at multiple levels of industry-standard encryption and authentication. Moreover, several companies are offering solutions to banks for deploying consumer-friendly technology solutions for banking, payment, and other financial services. Such aspects constitute the Indian market.

The segmentation analysis of the Asia-Pacific bank encryption software market includes deployment model, function, component, and enterprise size. The enterprise size is sub-categorized into small & medium enterprises and large enterprises.

Small & medium-sized enterprises (SMEs) are projected to gain more revenue share. These collect personally identifiable information (PII) like financial information, social security numbers, birthdates, and names. SMEs include small regional banks, district banks, equity funds, financial institutes, etc. Encryption facilitates several types of economic activities. It helps the SMEs protect sensitive information so as to only allow authorized users to understand and decrypt the information with the right key. This encryption is done in the form of a pin code, password, biometrics, steganography, digital signature, etc.

Some of the key companies operating in the Asia-Pacific bank encryption software market include Trend Micro Inc, Thales Group, Netskope Inc, Protegrity Pvt, etc.

Trend Micro Inc develops small business security, cloud security, and server security solutions. It also offers cleaning templates that reduce the impact of network viruses, mixed-threat attacks, and network vulnerabilities. It has R&D centers and regional headquarters in North America, Europe, and Asia, with global headquarters in Tokyo, Japan.

One of its key products, XDR, takes immediate response, views the chain of events across security layers, runs a root cause analysis, and identifies the scope of impact across assets.

Report Synopsis:

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedDeployment Model, Enterprise Size, Component, and Function
Countries AnalyzedJapan, South Korea, Thailand, Australia & New Zealand, China, India, Indonesia, Singapore, and Rest of Asia-Pacific
Companies Analyzed

Bitdefender Pvt, Broadcom Inc, Dell Technologies Inc, ESET, IBM, Intel Corporation, Lookout Security, McAfee Corp, Microsoft Corporation, Netskope Inc, Protegrity Pvt, Thales Group, Trend Micro Inc, WinMagic Data Security Solution

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASING DATA PROLIFERATION
        • GROWING THREAT OF CYBER-ATTACKS ON BANKS AND FINANCIAL INSTITUTIONS
        • RISING DEMAND FOR DATA SECURITY TECHNOLOGY AMONG BANKS AND FINANCIAL INSTITUTIONS
      • KEY RESTRAINTS
        • IMPLEMENTATION ISSUES OF BANK ENCRYPTION SOFTWARE
        • COMPROMISED SOFTWARE INTEGRITY IN ENCRYPTED DATA SECURITY
        • LACK OF AWARENESS REGARDING ENCRYPTION SOFTWARE
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON BANK ENCRYPTION SOFTWARE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
        • RELIABILITY
        • APPLICATION
        • SUPERIOR TECHNOLOGY
      • REGULATORY FRAMEWORK
    2. MARKET BY DEPLOYMENT MODEL
      • ON-PREMISE BANK ENCRYPTION SOFTWARE
      • CLOUD BANK ENCRYPTION SOFTWARE
    3. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISES
      • SMALL & MEDIUM ENTERPRISES
    4. MARKET BY COMPONENT
      • SOFTWARE
      • SERVICES
    5. MARKET BY FUNCTION
      • DISK ENCRYPTION
      • COMMUNICATION ENCRYPTION
      • CLOUD ENCRYPTION
      • FILE/ FOLDER ENCRYPTION
    6. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BITDEFENDER PVT
        • BROADCOM INC
        • DELL TECHNOLOGIES INC
        • ESET
        • IBM
        • INTEL CORPORATION
        • LOOKOUT SECURITY
        • MCAFEE CORP
        • MICROSOFT CORPORATION
        • NETSKOPE INC
        • PROTEGRITY PVT
        • THALES GROUP
        • TREND MICRO INC
        • WINMAGIC DATA SECURITY SOLUTION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – BANK ENCRYPTION SOFTWARE

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODEL, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE SIZE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE SIZE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY FUNCTION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY FUNCTION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 13: LEADING PLAYERS OPERATING IN ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET

    TABLE 14: LIST OF MERGERS & ACQUISITIONS

    TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: WORKING OF SECURITY ENCRYPTION MODEL

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: VALUE CHAIN ANALYSIS

    FIGURE 7: KEY BUYING CRITERIA

    FIGURE 8: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODEL, IN 2021

    FIGURE 9: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2022-2030 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2022-2030 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY ENTERPRISE SIZE, IN 2021

    FIGURE 12: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2030 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2030 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 15: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY FUNCTION, IN 2021

    FIGURE 18: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2022-2030 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2022-2030 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2022-2030 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, BY FILE/ FOLDER ENCRYPTION, 2022-2030 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 23: CHINA BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 24: JAPAN BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION/BILLION)

    FIGURE 25: INDIA BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION/BILLION)

    FIGURE 26: SOUTH KOREA BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: INDONESIA BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: THAILAND BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: SINGAPORE BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: AUSTRALIA & NEW ZEALAND BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: REST OF ASIA-PACIFIC BANK ENCRYPTION SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: VIETNAM BANKING SHARE BY ASSETS (IN 2019)

    FIGURE 33: SOUTHEAST ASIAN ADULT POPULATION AND BANKING PENETRATION (IN 2018)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY DEPLOYMENT MODEL
      • ON-PREMISE BANK ENCRYPTION SOFTWARE
      • CLOUD BANK ENCRYPTION SOFTWARE
    2. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISES
      • SMALL & MEDIUM ENTERPRISES
    3. MARKET BY COMPONENT
      • SOFTWARE
      • SERVICES
    4. MARKET BY FUNCTION
      • DISK ENCRYPTION
      • COMMUNICATION ENCRYPTION
      • CLOUD ENCRYPTION
      • FILE/ FOLDER ENCRYPTION

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

      Choose License Type