The Europe bank encryption software market is estimated to record a CAGR of 12.97% during the forecast period, 2022-2030, and is set to project a revenue of $9443.78 million by 2030.

EUROPE BANK ENCRYPTION SOFTWARE MARKET FORECAST 2022-2030

Europe 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

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The Europe bank encryption software market is estimated to record a CAGR of 12.97% during the forecast period, 2022-2030, and is set to project a revenue of $9443.78 million by 2030.

Europe Bank Encryption Software Market

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In Europe, companies are looking for advanced encryption solutions, given the development of several technologies for improved data management and encryption. Also, there is a growing requirement among companies for data encryption. Such factors offer growth opportunities in the region.

The Europe bank encryption software market growth analysis includes the assessment of the United Kingdom, Poland, Belgium, Russia, France, Italy, Germany, and Rest of Europe. In Germany, the government strongly supplements strong, unregulated, and widespread encryption. At the same time, it reserves the right to respond accordingly when encryption technology hinders the working of intelligence and law enforcement agencies. The country’s present stance on encryption policy can be accredited to its national cybersecurity agency, the Federal Office for Information Security (BSI). It is under the Ministry of the Interior, Building, and Community supervision. In addition, the country’s cybersecurity strategy was published in 2016. It encompasses enhancing ‘security despite encryption’ and ‘security through encryption.’

In France, several secure encryption software has been developed for government, banking, and social messaging stream for the public sector. For instance, the Tchap project created a new open-source encrypted communication tool for the country’s public agents to ensure government communication network security and enhance information dissemination. Additionally, the banking sector is mature and receptive to new technologies. Besides, the country was the first in the world to mass-deploy chip cards for payments in the banking industry. Subsequently, the chip card trend has led to data generation, thereby raising the need for data encryption for security. Such factors boost the market growth in these countries.

The Europe bank encryption software market scope includes the segmentation evaluation of function, component, deployment model, and enterprise size. The deployment model is sub-segmented into cloud bank encryption software and on-premise bank encryption software. Cloud is set to register the fastest growth in the segment.

Cloud computing uses remote servers over the internet to host resources like software, data, storage, networking, and emails. The third-party operator manages, processes, and encrypts data and can operate real-time data reporting and analytics. Also, cloud services like secure online transactions, digital wallets, and payment gateways can be utilized for securing payments for several businesses. In addition, cloud computing enables the development and launch of new services and products, which is important to sustain consumer demands. Moreover, cloud providers maintain software updates, thereby offering the latest technologies.

Further, high-secure data encryption is central to any online business conducted, which is offered by cloud computing. The increased security through payment tokenization helps organizations achieve global compliance with EMV standards.

Some of the prominent companies in the Europe bank encryption software market are McAfee Corp, Thales Group, Microsoft Corporation, Intel Corporation, etc.

Thales SA provides technology solutions for the aeronautics, transport, defense & security, and space markets. It develops, implements, and designs a range of electronic solutions for civil & military institutions, commercial satellite users and operators, aircraft manufacturers and airlines, etc. The company has operations in the Middle East & Africa, Asia-Pacific, the Americas, and Europe, with headquarters in Paris, France.

One of the company’s products, Gemalto IdCloud, is a suite of cloud-based managed services that facilitates the merging of risk management, strong customer authentication (SCA), and identity proofing in financial institutions for enhancing the consumer experience.

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 AnalyzedThe United Kingdom, Poland, Belgium, Russia, France, Italy, Germany, and Rest of Europe
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

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    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
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    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: EUROPE BANK ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

    TABLE 13: LEADING PLAYERS OPERATING IN EUROPE BANK ENCRYPTION SOFTWARE MARKET

    TABLE 14: COUNTRIES WITH RELATIVELY LOW LEVELS OF IT SPENDING IN REST OF EUROPE (IN 2021)

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 18: 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: EUROPE BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODEL, IN 2021

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

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

    FIGURE 11: EUROPE BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY ENTERPRISE SIZE, IN 2021

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

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

    FIGURE 14: EUROPE BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

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

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

    FIGURE 17: EUROPE BANK ENCRYPTION SOFTWARE MARKET, GROWTH POTENTIAL, BY FUNCTION, IN 2021

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

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 30: COMMERCIAL BANK SPENDING IN POLAND ($ MILLION)

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

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    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

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