PUBLISHER: The Business Research Company | PRODUCT CODE: 1888099
PUBLISHER: The Business Research Company | PRODUCT CODE: 1888099
Banking cloud security refers to a comprehensive framework of technologies, policies, processes, and controls designed to protect financial data, digital assets, and operational infrastructures of banking institutions hosted in cloud environments from unauthorized access, data breaches, cyberattacks, and regulatory violations. It is used to maintain the confidentiality, integrity, and availability of banking systems while supporting secure digital transformation and ensuring compliance with strict financial regulations.
The main types of banking cloud security include cloud identity and access management software, cloud email security software, cloud intrusion detection and prevention systems, cloud encryption software, and cloud network security software. Cloud identity and access management software in banking cloud security is a cloud-based system that manages and monitors user authentication, authorization, and access rights to ensure secure, compliant, and role-based access to banking applications, systems, and sensitive financial information. These solutions are deployed through public, private, and hybrid cloud models and serve organizations of various sizes, including large enterprises and small and medium-sized enterprises. End users include retail banks, commercial banks, investment banks, fintech companies, credit unions, and insurance providers.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.
The banking cloud security market research report is one of a series of new reports from The Business Research Company that provides banking cloud security market statistics, including banking cloud security industry global market size, regional shares, competitors with a banking cloud security market share, detailed banking cloud security market segments, market trends and opportunities, and any further data you may need to thrive in the banking cloud security industry. This banking cloud security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The banking cloud security market size has grown rapidly in recent years. It will grow from $3.73 billion in 2024 to $4.41 billion in 2025 at a compound annual growth rate (CAGR) of 18.1%. Growth in the historic period can be attributed to the increasing adoption of digital banking services, rising demand for secure cloud infrastructure within financial institutions, a growing shift from on-premise to cloud-based banking systems, expanding data storage requirements across global banks, and heightened compliance mandates that encourage secure cloud adoption.
The banking cloud security market size is expected to see rapid growth in the next few years. It will grow to $8.47 billion in 2029 at a compound annual growth rate (CAGR) of 17.7%. Growth in the forecast period can be linked to the growing integration of artificial intelligence and machine learning into cloud security solutions, stronger focus on data privacy and cybersecurity regulations, increasing cloud investments by financial institutions, the expansion of hybrid and multi-cloud deployments in banking, and the acceleration of digital transformation initiatives in financial services. Major trends expected during the forecast period include advancements in cloud encryption and access control technologies, innovations in zero-trust architectures and secure cloud frameworks, progress in real-time threat detection and monitoring tools, research and development in compliance automation and cloud governance, and the emergence of AI-driven predictive cloud security solutions.
The increasing sophistication of cyberattacks is expected to drive growth in the banking cloud security market in the coming years. Sophisticated cyberattacks involve greater complexity, precision, and advanced techniques, such as automation, artificial intelligence, social engineering, and stealth methods, that enable attackers to evade detection and exploit system vulnerabilities. The rising adoption of advanced technologies has further amplified these threats, making financial systems more vulnerable. Banking cloud security addresses these challenges by integrating advanced encryption, threat intelligence, and real-time monitoring to detect and neutralize complex attacks before they can compromise sensitive financial data. For example, in July 2024, Check Point Software Technologies, an Israel-based cybersecurity firm, reported a 30% year-on-year surge in cyberattacks, with organizations experiencing an average of 1,636 attacks per week. During the same period, ransomware incidents rose by 27% and cloud-based attacks increased by 22%, highlighting the growing complexity and automation of threats. Consequently, the rising sophistication of cyberattacks is fueling demand for robust banking cloud security solutions.
Key players in the market are prioritizing innovative solutions such as composable cloud-native architecture to enhance flexibility, scalability, and secure integration across digital banking platforms. Composable cloud-native architecture builds applications from modular, independent, and reusable components (microservices) deployed in the cloud. Each component can be updated, scaled, or developed independently, enabling faster innovation and adaptability. For instance, in February 2023, Oracle Corporation, a US-based cloud application and enterprise software provider, launched Banking Cloud Services, a suite of six composable cloud-native services designed to modernize banking operations. These services include Banking Accounts Cloud Service, Banking Payments Cloud Service, Enterprise Limits and Collateral Management Cloud Service, Origination Cloud Service, Digital Experience Cloud Service, and Banking APIs Cloud Service.
In November 2025, Capgemini, a France-based consulting and technology services provider, acquired Cloud4C, a Singapore-based specialist in automation-driven managed cloud services for hybrid, private, public, and sovereign cloud environments. This acquisition enables Capgemini to expand its capabilities in cloud-managed services, generative AI, automation-driven cloud operations, and industry-specific cloud frameworks, strengthening its leadership in secure cloud solutions for the banking sector.
Major players in the banking cloud security market are A10 Networks, Google Cloud Platform, Fortinet, Akamai Technologies, CrowdStrike, F5 Networks, Check Point Software Technologies, Zscaler, Okta, Trend Micro, Aruba Networks (HPE), Elastic, Tenable, Rapid7, SentinelOne, Rubrik, Qualys, Netskope, Varonis, BeyondTrust, Druva, Skyhigh Security, Sysdig, and Securonix.
North America was the largest region in the banking cloud security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in banking cloud security report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the banking cloud security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The banking cloud security market consists of sales of firewalls, security appliances, hardware security modules, encryption devices, network servers, data storage systems, intrusion detection systems, backup drives, routers, access control devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Banking Cloud Security Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on banking cloud security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for banking cloud security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The banking cloud security market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.