Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Cloud Security in Banking Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The market for cloud security solutions in the banking sector is set to grow at a CAGR of 33.1% for the forecast period (2020 – 2025).
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Top Companies operating in the Global Cloud Security in Banking market profiled in the report:– Google Cloud Platform, Salesforce(NYSE: CRM), Vormetric, Inc., Boxcryptor, Trend Micro, Sophos, Wave Systems, Microsoft Azure, Temenos, nCino
Scope of the Report
The cloud security in banking is required as the customers are now the driving force behind this sector and are forcing banks to try new business models. Banks can be benefited by deploying private cloud in the system with various cloud software such as Cloud Identity and Access Management Software, Cloud Email Security, etc.
Key Market Trends
Cloud Email Security Software to Grow Significantly Over the Forecast Period
– Banking industry is one of the top targets of hackers using phishing attacks to breach security. According to Kaspersky Lab, in 2018, the number of users attacked with banking Trojans was 889,452 which was an increase of 15.9% in comparison with 767,072 in 2017 globally.
– Recently, in May 2019, UK banking giant TSB experienced one of these phishing-related emergencies. The messages were crafted to resemble authentic communications and informed recipients that TSB Bank accounts had been suspended due to recent technical and security issues and account verification is needed by which 1,300 customers reported their bank accounts had been robbed of everything they owned.
– Owing to this rise in mail phishing in banking, where fraudulent e-mails can look like they come from a real bank e-mail address, the need for security has gained significant importance. Cisco Advanced Phishing Protection deploys as a lightweight sensor via the cloud or on-premise, where sensor receives all messages considered clean by the Secure Email Gateway and determine if the message is malacious or not in the banking.
Global Cloud Security in Banking Market Split by Product Type and Applications:
Market Segment by Type, covers:
Cloud Identity and Access Management Software
Cloud Email Security Software
Cloud Intrusion Detection and Prevention System
Cloud Encryption Software
5 Cloud Network Security Software
Regional Analysis For Cloud Security in Banking Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Cloud Security in Banking Market Report:
-Comprehensive assessment of all opportunities and risk in the Cloud Security in Banking market.
-Cloud Security in Banking market recent innovations and major events.
-Detailed study of business strategies for growth of the Cloud Security in Banking market-leading players.
-Conclusive study about the growth plot of Cloud Security in Banking market for forthcoming years.
-In-depth understanding of Cloud Security in Banking market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Cloud Security in Banking market.
Cloud Security in Banking Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Cloud Security in Banking Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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