The points that are discussed within the report are the major market players that are involved in the Cloud Security in Banking market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by manufacturer, by region, by type, by application is given and custom research can be added according to specific requirements.
Global“Cloud Security in Banking Market”Report 2020 offers a comprehensive breakdown of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Cloud Security in Banking in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India.Cloud Security in Banking Market report categorizes the market based on manufacturers, regions, type and application. This report also studiesthe worldwide market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Cloud Security in Banking Market size (value and volume) by players, regions, product types and end industries, history data 2020 and forecast data 2024. Also, Cloud Security in Banking Market is expected to grow at a CAGR of 33.1% during the forecast period of (2020 2024). And report provides a complete market overview, list of top manufactures, scope of the report, key market trends of Cloud Security in Banking market, and main aspect about the report- why should you buy this research report? so don’t miss it.
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Cloud Security in Banking Market summary:
The market for cloud security solutions in the banking sector is set to grow at aCAGR of33.1%for the forecast period 2020-2024. More and more financial institutions are using blockchain technology or are in the process of implementing blockchain capabilities as it provides very high level of safety and security when it comes to exchanging data, information, and money.- Increase in cybersecurity threat is driving the market as for banks, this threat is particularly imposing, as breached data exposes opportunity for immediate and future theft. The cloud computing provides a very high level of data protection, especially for sensitive data that includes customer information.- Cost reduction, scalability and efficiency by cloud computing is driving the market. Due to the constant decline in the absolute cost of IT equipment, many financial institutions have changed other production factors with IT. The essential idea of cloud computing is to deliver IT services such as computer infrastructure or storage in a utility thus making these services ultimately more flexible and cost-efficient.- Also meeting the customer demands immediately and scalability of computer resources save the time of IT specialist and business user from engineering the system for peak load. Banks can handle the issues associated with security and privacy of data by building a hybrid cloud where important data keeps on private cloud and computing power resides in public cloud.- However, vulnerability to attack is still a challenge as in cloud computing, every component is online, which exposes potential vulnerabilities. Even the best teams suffer severe attacks and security breaches from time to time in bank, which is a restraint to the market.
The Global Cloud Security in Banking market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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With tables and figures helping analyze worldwide Global Cloud Security in Banking market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
List of Top Key-players/Leading Manufacturers of Cloud Security in Banking Market Size:
Scope of the Cloud Security in Banking Market 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.
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Key Trends of Cloud Security in Banking Market:
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.456- 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.456- 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.North America to Account for Significant Share- North America is holding a highest share as most number of data breaches in bank occur in this region. In July, 2018, hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. With rising cyberthreat the need of cloud security software in North American’s bank is increasing which is driving the market.456- Most banks have begun to explore cloud’s potential as a business building asset for transforming their operating and delivery models, clarifying requirements and governance issues and addressing regulatory and security issues in this region.456- Retail banks have been quick to explore cloud options. Accenture worked with a large bank in United States to create a cloud architecture that would automate the conversion of data from multiple sources into useful insights for making business decisions and providing more security.456- Bank of America chooses the Microsoft Cloud to support digital transformation and helping to deliver a new business efficiencies, support digital culture change and meeting customer needs. Also Bank of America is one such institution who won the best cloud initiative category at 2019 AFTAs for project Greenfield. The bank is aiming to host around 80 percent of its applications in its private cloud to secure all the customer data and give a high cybersecurity.
This Cloud Security in Banking Market Research/analysis Report Contains Answers to your following Questions
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Overview of TOC, what it contains?
1INTRODUCTION1.1StudyDeliverables1.2StudyAssumptions1.3ScopeoftheStudy2RESEARCHMETHODOLOGY3EXECUTIVESUMMARY3.1MarketOverview4MARKETDYNAMICS4.1MarketDrivers4.2MarketRestraints4.3Porter’sFiveForcesAnalysis4.3.1ThreatofNewEntrants4.3.2BargainingPowerofBuyers/Consumers4.3.3BargainingPowerofSuppliers4.3.4ThreatofSubstituteProducts4.3.5IntensityofCompetitiveRivalry5MARKETSEGMENTATION5.1ProductType5.2DistributionChannel
6COMPETITIVELANDSCAPE6.1MarketShareAnalysis6.2MostActiveCompanies6.3MostAdoptedStrategy6.4CompanyProfiles7MARKETOPPORTUNITIESANDFUTURETRENDS
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