Banking Encryption Software Market Size, Share & Trends Analysis Report By Component (Software, Service), By Deployment, By Enterprise Size, By Function, By Region, And Segment Forecasts, 2025 - 2030
This report can be delivered to the clients within 3 Business Days
Banking Encryption Software Market Growth & Trends
The global banking encryption software market size is expected treach USD 5.03 billion by 2030, registering a CAGR of 13.8% from 2025 t2030, according ta new report by Grand View Research, Inc. The growing need for modern security solutions worldwide is anticipated tdrive the growth of the industry. In addition, the rising incidences of cyber-attacks alsbode well for growth.
Banking encryption software facilitates the confidential exchange of vital data by encrypting the data at the sender’s end in a form not readable without a proper authentication key, which is usually in the form of a password. The receiver can use the authentication key tdecrypt the data and read it. The strong emphasis banks and other financial institutions are putting on securing data transactions is driving the adoption of banking encryption software.
The growing partnerships among the encryption software providers are expected tdrive market growth. For instance, In April 2021, Google Cloud and Broadcom collaborated. This collaboration increased the integration of cloud services intBroadcom's primary software franchises. In this partnership, Broadcom was able tmake enterprise operations software and its security suite available on Google Cloud, enabling organizations tencrypt and decrypt data at the column level.
The COVID-19 pandemic impacted the banking encryption software market growth positively. Due tthe pandemic, the transfer of data increased as offices and businesses adopted the work-from-home model. Remote applications got overloaded with crucial data, and cloud deployment gained more popularity. Due tthe increase in online data transfer, the need for encryption software that facilitated secure data transfer increased.
Banking Encryption Software Market Report Highlights
Banking Encryption Software Market Growth & Trends
The global banking encryption software market size is expected treach USD 5.03 billion by 2030, registering a CAGR of 13.8% from 2025 t2030, according ta new report by Grand View Research, Inc. The growing need for modern security solutions worldwide is anticipated tdrive the growth of the industry. In addition, the rising incidences of cyber-attacks alsbode well for growth.
Banking encryption software facilitates the confidential exchange of vital data by encrypting the data at the sender’s end in a form not readable without a proper authentication key, which is usually in the form of a password. The receiver can use the authentication key tdecrypt the data and read it. The strong emphasis banks and other financial institutions are putting on securing data transactions is driving the adoption of banking encryption software.
The growing partnerships among the encryption software providers are expected tdrive market growth. For instance, In April 2021, Google Cloud and Broadcom collaborated. This collaboration increased the integration of cloud services intBroadcom's primary software franchises. In this partnership, Broadcom was able tmake enterprise operations software and its security suite available on Google Cloud, enabling organizations tencrypt and decrypt data at the column level.
The COVID-19 pandemic impacted the banking encryption software market growth positively. Due tthe pandemic, the transfer of data increased as offices and businesses adopted the work-from-home model. Remote applications got overloaded with crucial data, and cloud deployment gained more popularity. Due tthe increase in online data transfer, the need for encryption software that facilitated secure data transfer increased.
Banking Encryption Software Market Report Highlights
- The software segment accounted for the largest share of 64.64% in 2024. The software provides the infrastructure for deploying, creating, and managing financial products.
- The on-premise segment held the largest market in 2024. Institutions worldwide are making efforts tgain authority over their software and control over their data.
- The large enterprises segment dominated the market in 2024. Large enterprises comparably have thandle a lot of data owing ttheir large customer base, which is the key attribute responsible for the segment’s dominance.
- The disk encryption segment dominated the market in 2024. Disk encryption's capability tencrypt the tiniest bit of data stored in the disk volume creates demand across the banking sector.
- North America banking encryption software market held the largest share in 2024 and accounted for 28.80%.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. BANKING ENCRYPTION SOFTWARE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Banking Encryption Software Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
3.4. Pain Point Analysis
CHAPTER 4. BANKING ENCRYPTION SOFTWARE MARKET: COMPONENT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Banking Encryption Software Market: Component Movement Analysis, 2024 & 2030 (USD Million)
4.3. Software
4.3.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Service
4.4.1. Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 5. BANKING ENCRYPTION SOFTWARE MARKET: DEPLOYMENT ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Banking Encryption Software Market: Deployment Movement Analysis, 2024 & 2030 (USD Million)
5.3. On-premise
5.3.1. On-premise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Cloud
5.4.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 6. BANKING ENCRYPTION SOFTWARE MARKET: ENTERPRISE SIZE ESTIMATES & TREND ANALYSIS
6.1. Segment Dashboard
6.2. Banking Encryption Software Market: Enterprise Size Movement Analysis, 2024 & 2030 (USD Million)
6.3. Large Enterprises
6.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Small & Medium Enterprises
6.4.1. Small & Medium Enterprises Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 7. BANKING ENCRYPTION SOFTWARE MARKET: FUNCTION ESTIMATES & TREND ANALYSIS
7.1. Segment Dashboard
7.2. Banking Encryption Software Market: Function Movement Analysis, 2024 & 2030 (USD Million)
7.3. Disk Encryption
7.3.1. Disk Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Communication Encryption
7.4.1. Communication Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. File/Folder Encryption
7.5.1. File/Folder Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Cloud Encryption
7.6.1. Cloud Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 8. BANKING ENCRYPTION SOFTWARE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
8.1. Banking Encryption Software Market Share, By Region, 2024 & 2030 (USD Million)
8.2. North America
8.2.1. North America Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.4. Mexico
8.2.4.1. Mexico Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.3. Japan
8.4.3.1. Japan Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.4. India
8.4.4.1. India Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.6. Australia
8.4.6.1. Australia Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.2. UAE
8.6.2.1. UAE Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.3. KSA
8.6.3.1. KSA Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 9. COMPETITIVE LANDSCAPE
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Broadcom Inc.
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. ESET North America
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. IBM Corporation
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. Intel Corporation
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. McAfee, LLC
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Microsoft Corporation
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. Sophos Ltd.
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. Thales Group
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. Trend Micro Incorporated
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. WinMagic
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. BANKING ENCRYPTION SOFTWARE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Banking Encryption Software Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
3.4. Pain Point Analysis
CHAPTER 4. BANKING ENCRYPTION SOFTWARE MARKET: COMPONENT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Banking Encryption Software Market: Component Movement Analysis, 2024 & 2030 (USD Million)
4.3. Software
4.3.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Service
4.4.1. Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 5. BANKING ENCRYPTION SOFTWARE MARKET: DEPLOYMENT ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Banking Encryption Software Market: Deployment Movement Analysis, 2024 & 2030 (USD Million)
5.3. On-premise
5.3.1. On-premise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Cloud
5.4.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 6. BANKING ENCRYPTION SOFTWARE MARKET: ENTERPRISE SIZE ESTIMATES & TREND ANALYSIS
6.1. Segment Dashboard
6.2. Banking Encryption Software Market: Enterprise Size Movement Analysis, 2024 & 2030 (USD Million)
6.3. Large Enterprises
6.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Small & Medium Enterprises
6.4.1. Small & Medium Enterprises Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 7. BANKING ENCRYPTION SOFTWARE MARKET: FUNCTION ESTIMATES & TREND ANALYSIS
7.1. Segment Dashboard
7.2. Banking Encryption Software Market: Function Movement Analysis, 2024 & 2030 (USD Million)
7.3. Disk Encryption
7.3.1. Disk Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Communication Encryption
7.4.1. Communication Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. File/Folder Encryption
7.5.1. File/Folder Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Cloud Encryption
7.6.1. Cloud Encryption Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 8. BANKING ENCRYPTION SOFTWARE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
8.1. Banking Encryption Software Market Share, By Region, 2024 & 2030 (USD Million)
8.2. North America
8.2.1. North America Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.4. Mexico
8.2.4.1. Mexico Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.3. Japan
8.4.3.1. Japan Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.4. India
8.4.4.1. India Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.6. Australia
8.4.6.1. Australia Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.2. UAE
8.6.2.1. UAE Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.3. KSA
8.6.3.1. KSA Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa Banking Encryption Software Market Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 9. COMPETITIVE LANDSCAPE
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Broadcom Inc.
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. ESET North America
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. IBM Corporation
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. Intel Corporation
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. McAfee, LLC
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Microsoft Corporation
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. Sophos Ltd.
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. Thales Group
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. Trend Micro Incorporated
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. WinMagic
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
