Banking Cloud Security Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Includes Global Cloud Security for Financial Services and the Market is segmented by Type of Software (Cloud Identity and Access Management Software, Cloud Email Security Software, Cloud Intrusion Detection and Prevention System, Cloud Encryption Software, and Cloud Network Security Software), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Banking Cloud Security Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Cloud Security In Banking Market Size

Cloud Security in Banking Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 33.10 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Cloud Security in Banking Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Cloud Security in Banking Market with other markets in Technology, Media and Telecom Industry

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Cloud Security In Banking Market Analysis

The Cloud Security in Banking Market is expected to register a CAGR of 33.1% during the forecast period.

  • An increase in cybersecurity threat is driving the market as for banks. This threat is particularly imposing, as breached data exposes the opportunity for immediate and future theft. 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 are 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.
  • Additionally, meeting the customer demands immediately and the scalability of computer resources save the time of IT specialist and business users 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 the 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 a bank, which is a restraint to the market.

Cloud Security In Banking Industry Overview

The cloud security in the banking market is moving toward the fragmented stage as the banking industry is experiencing a massive transformation, due to technological advancement, and the players are competing in providing the best solution to the banking and financial institutions. Key players are Google Cloud Platform, Salesforce, Vormetric, etc. The recent developments in the market are -

  • April 2019 - Scotiabank’s platform VP shared Google's cloud-native approach for protecting personally identifiable information (PII) in Google Cloud Platform (GCP). The session will cover their considerations around access and bank application reidentification.

Cloud Security In Banking Market Leaders

  1. Google Cloud Platform

  2. Salesforce

  3. Vormetric, Inc.

  4. Boxcryptor

  5. Trend Micro

  6. *Disclaimer: Major Players sorted in no particular order
Google Cloud Platform, Salesforce, Vormetric
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Cloud Security In Banking Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
    • 4.3.1 Increase in Cyber Security Threat
    • 4.3.2 Cost Reduction, Scalability, and Efficiency by Cloud Computing
  • 4.4 Market Restraints
    • 4.4.1 Vulnerability to Attacks
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type of Software
    • 5.1.1 Cloud Identity and Access Management Software
    • 5.1.2 Cloud Email Security Software
    • 5.1.3 Cloud Intrusion Detection and Prevention System
    • 5.1.4 Cloud Encryption Software
    • 5.1.5 Cloud Network Security Software
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 Latin America
    • 5.2.5 Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Google Cloud Platform
    • 6.1.2 Salesforce
    • 6.1.3 Vormetric Inc.
    • 6.1.4 Boxcryptor
    • 6.1.5 Trend Micro
    • 6.1.6 Sophos
    • 6.1.7 Wave Systems
    • 6.1.8 Microsoft Azure
    • 6.1.9 Temenos
    • 6.1.10 nCino
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Cloud Security In Banking Industry Segmentation

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.

By Type of Software Cloud Identity and Access Management Software
Cloud Email Security Software
Cloud Intrusion Detection and Prevention System
Cloud Encryption Software
Cloud Network Security Software
Geography North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Cloud Security In Banking Market Research FAQs

What is the current Cloud Security in Banking Market size?

The Cloud Security in Banking Market is projected to register a CAGR of 33.1% during the forecast period (2025-2030)

Who are the key players in Cloud Security in Banking Market?

Google Cloud Platform, Salesforce, Vormetric, Inc., Boxcryptor and Trend Micro are the major companies operating in the Cloud Security in Banking Market.

Which is the fastest growing region in Cloud Security in Banking Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Cloud Security in Banking Market?

In 2025, the North America accounts for the largest market share in Cloud Security in Banking Market.

What years does this Cloud Security in Banking Market cover?

The report covers the Cloud Security in Banking Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cloud Security in Banking Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Cloud Security In Banking Industry Report

Statistics for the 2025 Cloud Security in Banking market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cloud Security in Banking analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.