DUBLIN, May 16, 2023 /PRNewswire/ — The “United Kingdom Bank Encryption Software Market By Component (Software and Service), By Deployment Model (On-premises and Cloud), By Enterprise Size, By Function, By Vertical, By Region, Competition Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering.
United Kingdom bank encryption software market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027.
The market growth can be attributed to growing demands for higher data security provided by bank encryption software. Rapidly increasing instances of online payment and the reliability of the population toward digital payments further drive the growth of the United Kingdom bank encryption software market in the upcoming five years.
Surging demand for encryption software for business expansion as well as to maintain a feasible payment gateway mostly for the business functional over online platforms only also fuel the growth of the United Kingdom bank encryption software market in the next five years. Also, demands from small and medium enterprises focused on efficient payment methods, and thus the data security technology efficient to accommodate small and large sums for payments adds to the market growth.
Financial institutes and banks are highly concerned about customer data theft, financial discrepancies, and cyber attacks that often threaten the economies of the customer as well as that of the country also substantiates the growth of the United Kingdom bank encryption software market in the future five years.
Technological Advancement Drives Market Growth
Encryption software is an ever-evolving field, that multiple developers and programmers can use at a single instance and advance for various purposes. Open-source encryption software is utilized majorly for this purpose.
Open-source encryption software is a process of making the source code and algorithms of the encryption software, available to the public for inspection and evolution. Experts may add their modifications based on personal use, or for institutional usage.
The modified version is specific and is used for a particular business or corporate only. Although the security software seems similar, the modifications stand them apart. Demands for technologically advanced software to protect the confidential information of customers, such as credit scores, names, addresses, and social security numbers, from cyberattacks further aid the growth of the United Kingdom bank encryption software market in the next five years.
Report Scope:
In this report, United Kingdom bank encryption software market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
United Kingdom Bank Encryption Software Market, By Component:
- Software
- Service
United Kingdom Bank Encryption Software Market, By Deployment Model:
- On-premises
- Cloud
United Kingdom Bank Encryption Software Market, By Enterprise Size:
- Large Enterprises
- Small & Medium-Sized Enterprises
United Kingdom Bank Encryption Software Market, By Function:
- Disk Encryption
- Communication Encryption
- File/Folder Encryption
- Cloud Encryption
United Kingdom Bank Encryption Software Market, By Vertical:
- BFSI
- Aerospace & Defense
- Government
- IT & Telecom
- Healthcare
- Retail
- Others
United Kingdom Bank encryption Software Market, By Region:
- London
- East Anglia
- Southwest
- Southeast
- Scotland
- East Midlands
- Yorkshire & Humberside
Key Topics Covered:
1. Service Overview
2. Research Methodology
3. Impact of COVID-19 on United Kingdom Bank Encryption Software Market
4. Executive Summary
5. Voice of Customer
6. United Kingdom Bank Encryption Software Market Outlook
7. United Kingdom Large Enterprises Bank Encryption Software Market Outlook
8. United Kingdom Small & Medium Sized Enterprises Bank Encryption Software Market Outlook
9. Market Dynamics
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. United Kingdom Economic Profile
13. Company Profiles
14. Strategic Recommendations
A selection of companies mentioned in this report includes
- IBM Corporation
- Microsoft Corporation
- Broadcom Inc.
- Sophos Group plc
- Thales Group
- Mcafee Corporation
- Trend Micro Inc.
- Dell Corporation
- Check Point
- Micro Focus
For more information about this report visit https://www.researchandmarkets.com/r/lilp28
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SOURCE Research and Markets
