What is Cloud Security in Banking Market?
Cloud security is also called cloud computing security. It consists of set of policies, controls, procedures and technologies that work together to protect cloud-based systems. The security measure is taken to protect the cloud data, support regulatory compliance and protect customers' privacy as well as setting authentication rules for individual users and devices. The cloud security can be configured according to the exact need of the business such as authenticating access and filtering traffic. In banks the customers are now the driving force and are forcing banks to try new business models. The sector is benefited by deploying private cloud in the system with various cloud software such as cloud identity and access management software.
The market study is being classified, by Application (Bank and Financial institution) and major geographies with country level break-up.
Google (United States), Salesforce (United States), Vormetric Inc. (United States), Secomba GmbH (Germany), Trend Micro (Japan), Sophos (United Kingdom), Wave Systems (United States), Microsoft (United States), Temenos (Switzerland) and nCino (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud Security in Banking market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Cloud Security in Banking market by Type, Application and Region.
On the basis of geography, the market of Cloud Security in Banking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Use of Cyber Security Services in Banking and Financial Applications will Upsurge the Service Demand
- Increasing Instances for Cyber Attacks
- Increasing Demand for Email and Web Cyber Security Solutions
- High Costs Associated with the Cloud Security Services
- Cost Reduction, Scalability and Efficiency by Cloud Computing is Boosting the Market
- Increasing Adoption of Cloud Security
- Lack of Reliability and Data Privacy of Service Provider
On July 2020, IBM has announced that it is developing an in-built security and compliance module for large banks and tech companies using IBM Cloud for Financial Services, giving customers a central hub to manage risks.
Key Target AudienceKey Consulting Companies & Advisors, Venture capitalists, Value-Added Resellers (VARs), Third-party knowledge providers, Investment bankers, Investors and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase