Product Code: ETC13302525 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Cybersecurity in Banking Market was valued at USD 12.9 Billion in 2024 and is expected to reach USD 26.1 Billion by 2031, growing at a compound annual growth rate of 10.39% during the forecast period (2025-2031).
The Global Cybersecurity in Banking Market is experiencing significant growth driven by the increasing frequency and sophistication of cyber threats targeting the banking sector. Banks are investing heavily in cybersecurity solutions to protect sensitive customer data, prevent financial fraud, and ensure regulatory compliance. Key trends shaping the market include the adoption of advanced technologies such as AI and machine learning for threat detection, the rise of cloud-based security solutions, and the growing emphasis on data privacy and governance. The market is also witnessing a surge in partnerships and collaborations between banks and cybersecurity providers to enhance threat intelligence sharing and incident response capabilities. With the increasing digitization of financial services, the demand for robust cybersecurity measures in the banking sector is expected to continue to rise in the coming years.
The Global Cybersecurity in Banking Market is witnessing a surge in demand due to the increasing frequency and sophistication of cyber threats targeting financial institutions. Key trends include the adoption of advanced technologies such as AI and machine learning for threat detection and response, the rise of cloud-based security solutions, and the growing emphasis on regulatory compliance. Opportunities in the market stem from the need for robust cybersecurity measures to protect sensitive customer data and financial transactions, as well as the increasing digital transformation initiatives within the banking sector. As banks continue to invest in cybersecurity solutions to safeguard their operations and reputation, the market is poised for further growth and innovation in the coming years.
The Global Cybersecurity in Banking Market faces several challenges, including rapidly evolving cyber threats, sophisticated hacking techniques, compliance with stringent regulations, and ensuring the security of customer data across various digital channels. Financial institutions are increasingly targeted by cybercriminals due to the valuable information they possess, making it essential for banks to continuously invest in robust cybersecurity measures. Additionally, the complexity of banking systems, legacy IT infrastructure, and the interconnected nature of global financial networks further complicate cybersecurity efforts. Balancing the need for strong security protocols while maintaining seamless customer experience poses a significant challenge for banks. Strategic planning, regular risk assessments, employee training, and collaboration with cybersecurity experts are crucial to addressing these challenges effectively.
The Global Cybersecurity in Banking Market is primarily driven by the increasing frequency and sophistication of cyber threats targeting financial institutions. With the rising adoption of digital banking services and online transactions, banks are increasingly vulnerable to cyberattacks aimed at stealing sensitive financial data and disrupting operations. Additionally, stringent regulatory requirements and the need to maintain customer trust and confidence are compelling banks to invest in robust cybersecurity solutions. The growing awareness of cybersecurity risks and the potential financial and reputational damage caused by data breaches are also key factors driving the demand for advanced security measures in the banking sector. Furthermore, the emergence of technologies such as artificial intelligence and blockchain for enhancing cybersecurity capabilities is expected to further fuel market growth.
Government policies related to the Global Cybersecurity in Banking Market focus on enhancing data protection, strengthening infrastructure, and fostering collaboration between public and private sectors. These policies typically require financial institutions to adhere to strict cybersecurity standards, conduct regular risk assessments, and implement robust security measures to safeguard customer information and financial transactions. Governments also promote information sharing and cooperation among banks, regulatory bodies, and law enforcement agencies to mitigate cyber threats effectively. Additionally, regulations often mandate reporting of cybersecurity incidents and breaches to ensure transparency and accountability within the banking sector. Overall, government policies aim to create a secure and resilient environment for banking operations in the face of evolving cyber risks and threats.
The Global Cybersecurity in Banking Market is poised for significant growth in the coming years as the banking industry continues to digitize and adopt advanced technologies. With the increasing frequency and sophistication of cyber threats, banks are prioritizing cybersecurity measures to protect sensitive customer data and maintain trust. Factors such as regulatory compliance requirements, the rise of online banking, and the adoption of cloud computing are driving the demand for robust cybersecurity solutions. Additionally, the emergence of technologies like AI and machine learning for threat detection and response is expected to further propel market growth. Overall, the Global Cybersecurity in Banking Market is forecasted to experience steady expansion as financial institutions invest in fortifying their defenses against cyber threats.
In the global cybersecurity in banking market, different regions exhibit varying trends and challenges. Asia Pacific is experiencing rapid adoption of cybersecurity solutions due to the increasing digitalization of financial services. North America remains a key player in the market, driven by stringent regulations and high awareness of cybersecurity threats among financial institutions. Europe is witnessing a rise in cybersecurity investments, particularly in response to the growing number of cyberattacks targeting banks. The Middle East and Africa region is also investing in cybersecurity measures to protect its banking sector from cyber threats. Latin America is slowly increasing its cybersecurity efforts in the banking industry, with a focus on enhancing data protection and regulatory compliance. Overall, the global cybersecurity in banking market is dynamic, with each region adapting to its unique challenges and opportunities.
Global Cybersecurity in Banking Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Cybersecurity in Banking Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Cybersecurity in Banking Market Revenues & Volume, 2021 & 2031F |
3.3 Global Cybersecurity in Banking Market - Industry Life Cycle |
3.4 Global Cybersecurity in Banking Market - Porter's Five Forces |
3.5 Global Cybersecurity in Banking Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Cybersecurity in Banking Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Cybersecurity in Banking Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.8 Global Cybersecurity in Banking Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Cybersecurity in Banking Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Cybersecurity in Banking Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Cybersecurity in Banking Market Trends |
6 Global Cybersecurity in Banking Market, 2021 - 2031 |
6.1 Global Cybersecurity in Banking Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Cybersecurity in Banking Market, Revenues & Volume, By Fraud Detection Systems, 2021 - 2031 |
6.1.3 Global Cybersecurity in Banking Market, Revenues & Volume, By Secure Payment Gateways, 2021 - 2031 |
6.1.4 Global Cybersecurity in Banking Market, Revenues & Volume, By Identity Verification, 2021 - 2031 |
6.1.5 Global Cybersecurity in Banking Market, Revenues & Volume, By Data Loss Prevention, 2021 - 2031 |
6.2 Global Cybersecurity in Banking Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Cybersecurity in Banking Market, Revenues & Volume, By AI & Machine Learning, 2021 - 2031 |
6.2.3 Global Cybersecurity in Banking Market, Revenues & Volume, By Tokenization & Encryption, 2021 - 2031 |
6.2.4 Global Cybersecurity in Banking Market, Revenues & Volume, By Multi-factor Authentication, 2021 - 2031 |
6.2.5 Global Cybersecurity in Banking Market, Revenues & Volume, By Cloud-based Security, 2021 - 2031 |
6.3 Global Cybersecurity in Banking Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Cybersecurity in Banking Market, Revenues & Volume, By Commercial Banks, 2021 - 2031 |
6.3.3 Global Cybersecurity in Banking Market, Revenues & Volume, By Digital Payment Providers, 2021 - 2031 |
6.3.4 Global Cybersecurity in Banking Market, Revenues & Volume, By Fintech Companies, 2021 - 2031 |
6.3.5 Global Cybersecurity in Banking Market, Revenues & Volume, By Investment and Private Banks, 2021 - 2031 |
6.4 Global Cybersecurity in Banking Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Cybersecurity in Banking Market, Revenues & Volume, By Preventing Unauthorized Transactions, 2021 - 2031 |
6.4.3 Global Cybersecurity in Banking Market, Revenues & Volume, By Enhancing Security in Online Transactions, 2021 - 2031 |
6.4.4 Global Cybersecurity in Banking Market, Revenues & Volume, By Reducing Identity Theft and Fraud, 2021 - 2031 |
6.4.5 Global Cybersecurity in Banking Market, Revenues & Volume, By Protection Against Insider Threats, 2021 - 2031 |
7 North America Cybersecurity in Banking Market, Overview & Analysis |
7.1 North America Cybersecurity in Banking Market Revenues & Volume, 2021 - 2031 |
7.2 North America Cybersecurity in Banking Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Cybersecurity in Banking Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Cybersecurity in Banking Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
7.5 North America Cybersecurity in Banking Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Cybersecurity in Banking Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Cybersecurity in Banking Market, Overview & Analysis |
8.1 Latin America (LATAM) Cybersecurity in Banking Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Cybersecurity in Banking Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Cybersecurity in Banking Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Cybersecurity in Banking Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
8.5 Latin America (LATAM) Cybersecurity in Banking Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Cybersecurity in Banking Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Cybersecurity in Banking Market, Overview & Analysis |
9.1 Asia Cybersecurity in Banking Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Cybersecurity in Banking Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Cybersecurity in Banking Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Cybersecurity in Banking Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
9.5 Asia Cybersecurity in Banking Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Cybersecurity in Banking Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Cybersecurity in Banking Market, Overview & Analysis |
10.1 Africa Cybersecurity in Banking Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Cybersecurity in Banking Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Cybersecurity in Banking Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Cybersecurity in Banking Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
10.5 Africa Cybersecurity in Banking Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Cybersecurity in Banking Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Cybersecurity in Banking Market, Overview & Analysis |
11.1 Europe Cybersecurity in Banking Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Cybersecurity in Banking Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Cybersecurity in Banking Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Cybersecurity in Banking Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
11.5 Europe Cybersecurity in Banking Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Cybersecurity in Banking Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Cybersecurity in Banking Market, Overview & Analysis |
12.1 Middle East Cybersecurity in Banking Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Cybersecurity in Banking Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Cybersecurity in Banking Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Cybersecurity in Banking Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Cybersecurity in Banking Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
12.5 Middle East Cybersecurity in Banking Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Cybersecurity in Banking Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Cybersecurity in Banking Market Key Performance Indicators |
14 Global Cybersecurity in Banking Market - Export/Import By Countries Assessment |
15 Global Cybersecurity in Banking Market - Opportunity Assessment |
15.1 Global Cybersecurity in Banking Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Cybersecurity in Banking Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Cybersecurity in Banking Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
15.4 Global Cybersecurity in Banking Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Cybersecurity in Banking Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Cybersecurity in Banking Market - Competitive Landscape |
16.1 Global Cybersecurity in Banking Market Revenue Share, By Companies, 2024 |
16.2 Global Cybersecurity in Banking Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |