Cloud Security in Banking Market

Executive Summary

Cloud Security in Banking Market was valued at US $243.51 billion in 2021 and is projected to grow at 12.79% CAGR over the forecast period to reach US $501.26 billion by 2027. Cloud Security in Banking Market represented US $52.08 billion opportunity over 2019-2021 and estimated to create US $257.75 billion opportunity in 2027 over 2021.

Cloud Security in Banking from Consainsights analyses the Cloud Security in Banking Market in the Technology & Media industry over the forecast period to 2027.

Cloud Security in Banking research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Cloud Security in Banking segmentation includes Type of Software and Geography.

Based on the Type of Software, the Cloud Security in Banking analysis covers Cloud Identity and Access Management Software, Cloud Email Security Software, Cloud Intrusion Detection and Prevention System, Cloud Encryption Software, Cloud Network Security Software.

In Type of Software segment, Cloud Identity and Access Management Software segment has highest cagr growth of 11.29%.

Based on the region, the Cloud Security in Banking analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Google Cloud Platform, Salesforce, Vormetric Inc., Boxcryptor, Trend Micro, Sophos, Wave Systems, Microsoft Azure, Temenos, nCino and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type of Software

Introduction

In 2021, Cloud Identity and Access Management Software segment has the highest revenue of US $89.07 billion and is expected to grow at CAGR of 11.29% by 2027 Cloud Identity and Access Management Software segment has highest cagr growth of 11.29%.

Cloud Identity and Access Management Software

Cloud Identity and Access Management Software segment was valued at US $70.02 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $183.34 billion by 2027. Cloud Identity and Access Management Software segment represented US $19.05 billion opportunity over 2019-2021 and estimated to create US $94.28 billion opportunity in 2027 over 2021.

Cloud Email Security Software

Cloud Email Security Software segment was valued at US $49.16 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $128.73 billion by 2027. Cloud Email Security Software segment represented US $13.38 billion opportunity over 2019-2021 and estimated to create US $66.19 billion opportunity in 2027 over 2021.

Cloud Intrusion Detection and Prevention System

Cloud Intrusion Detection and Prevention System segment was valued at US $34.52 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $90.39 billion by 2027. Cloud Intrusion Detection and Prevention System segment represented US $9.39 billion opportunity over 2019-2021 and estimated to create US $46.48 billion opportunity in 2027 over 2021.

Cloud Encryption Software

Cloud Encryption Software segment was valued at US $23.96 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $62.74 billion by 2027. Cloud Encryption Software segment represented US $6.52 billion opportunity over 2019-2021 and estimated to create US $32.26 billion opportunity in 2027 over 2021.

Cloud Network Security Software

Cloud Network Security Software segment was valued at US $13.77 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $36.06 billion by 2027. Cloud Network Security Software segment represented US $3.75 billion opportunity over 2019-2021 and estimated to create US $18.54 billion opportunity in 2027 over 2021.