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Banking BYOD Security Market to Reach $63,305.28 Million, Globally, by 2032 at 22.7% CAGR: Allied Market Research

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The banking BYOD security market is driven by the adoption of containerization. Containerization involves isolating work-related applications and data within secure containers on employees’ personal devices. This trend ensures a higher level of security by separating corporate data from personal information and applications, reducing the risk of data breaches and unauthorized access.

PORTLAND, Ore., July 5, 2023 /PRNewswire/ — Allied Market Research published a report, titled,Banking BYOD security Market by Component (Solution and Service) Device Type (Laptop, Smartphone & Tablet), Security Type (Device Security, Email Security, Application Security, Mobile Content Security, Network Security, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global banking BYOD security industry generated $8,431.92 million in 2022, and is anticipated to generate $63,305.28 million by 2032, witnessing a CAGR of 22.7% from 2023 to 2032.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/10685

Prime Determinants of Growth

BYOD allows employees to work on their preferred devices, leading to higher productivity and efficiency due to familiarity and comfort. Adopting BYOD reduces hardware costs for banks as employees use their personal devices instead of dedicated devices provided by the organization strengthening the market growth. In addition, BYOD enables employees to work remotely or during non-traditional hours, improving work-life balance and increasing job satisfaction. Furthermore, employees use their own devices with personalized settings and applications, resulting in a more seamless and enjoyable user experience. Such factors enhance market growth. However, BYOD introduces potential security vulnerabilities, such as lost or stolen devices, unauthorized access, and malware threats, requiring robust security measures to mitigate risks. On the contrary, BYOD security solutions present opportunities to implement strong authentication methods like biometrics and multi-factor authentication, improving overall security. Moreover, the growing market for MDM solutions tailored for the banking industry provides centralized control and management of devices, applications, and security policies. Banks can offer specialized security services to customers, such as secure banking applications, encryption services, and secure VPN connections, to enhance their overall banking experience and build trust, which is expected to create lucrative opportunities for market growth.

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Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

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Base Year

2022

Market Size in 2022

$8,431.92 million

Market Size in 2032

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$63,305.28 million

CAGR

22.7 %

No. of Pages in Report

256

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Segments covered

Component, Device Type, Security Type, and Region.

Drivers

Employee productivity and flexibility

Employee satisfaction and retention

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Increase in mobile banking and customer expectations

Opportunities

High prevalence of advanced and innovative technologies

Restraints

Security concerns

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Lack of employee education and awareness

 

COVID-19 Scenario

  • The impact of COVID-19 on the banking BYOD security market has been predominantly positive. The pandemic led to increased adoption of BYOD policies, allowing employees to use their personal devices for work-related tasks owing to the increased need for BYOD security solutions in order to reduce the risk involved.
  • In addition, the pandemic has accelerated the adoption of digital payment solutions. BYOD security enables banks to expand their digital payment offerings, such as mobile wallets and contactless payment options. By assuring the security of various payment solutions on personal devices, banks can capitalize on the growing demand for cashless transactions and provide simple payment options to their clients, Therefore, during the pandemic, some factors such as collaboration with fintech companies, and expansion of digital payment solutions accelerated the adoption of banking BYOD security market.

The solution segment to maintain its leadership status throughout the forecast period

Based on component, the solution segment held the highest market share in 2022, accounting for more than two-thirds of the global banking BYOD security market revenue and is estimated to maintain its leadership status throughout the forecast period, attributed to the fact that banking BYOD security solutions provide features such as device encryption, remote data wipe, and policy enforcement to protect against unauthorized access or data breaches. Moreover, by implementing robust BYOD security solutions, banks can provide employees with the flexibility to work from their preferred devices while ensuring data security, which enhances employee productivity and satisfaction. Therefore, such factors are expected to create market growth opportunities. However, the service segment is projected to manifest the highest CAGR of 24.9% from 2023 to 2032, which has created a demand for robust security services. Companies can capitalize on this trend by developing advanced security services, offering consulting services, providing mobile threat intelligence, and delivering compliance and regulatory services tailored for the banking sector.

The laptop segment to maintain its leadership status throughout the forecast period 

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Based on device type, the laptop segment held the highest market share in 2022, accounting for more than two-thirds of the global banking BYOD security market revenue, this is because BYOD security solutions for laptops in the banking industry have become increasingly important in recent years. As more employees use their personal laptops for work-related tasks, it has become crucial for banks to implement robust security measures to protect sensitive financial data. However, the smartphone and tablet segment is projected to manifest the highest CAGR of 24.8% from 2022 to 2032, this is because these solutions aim to protect sensitive financial data and ensure secure access to banking services on personal devices. Mobile device management, mobile application management, and secure containerization are the key components of a banking BYOD security solution, as this software enables IT administrators to manage and secure mobile devices used in the banking environment.

The device security segment to maintain its leadership status throughout the forecast period 

Based on security type, the device security segment held the highest market share in 2022, accounting for around one-third of the global banking BYOD security market revenue, this is attributed to the growing threat landscape, because sophisticated hackers and malware, necessitates constant advancements in security technologies and practices. In addition, regulatory requirements and industry standards continue to shape device security by mandating specific safeguards and data protection measures. However, the mobile content security segment is projected to manifest the highest CAGR of 26.6% from 2022 to 2032. The increasing use of personal mobile devices in banking, along with the benefits of productivity, cost savings, and employee satisfaction, along with advancements in security technologies, are the major growth factors driving the adoption of BYOD security for mobile content security in the banking industry.    

Want to Access the Statistical Data & Graphs, and Key Players’ Strategies: https://www.alliedmarketresearch.com/banking-byod-security-market/purchase-options 

North America to maintain its dominance by 2032

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Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global banking BYOD security market revenue. This is because consumers in this region prefer mobile banking and banks are also developing user-friendly mobile applications that allow customers to perform a wide range of transactions conveniently. Furthermore, consumers in this region are using mobile banking services that offer features such as fund transfers, bill payments, mobile check deposits, and real-time account monitoring, which can witness serious cyber-attacks. Thus, the adoption of banking BYOD security in North America is growing at a faster rate, which is driving market growth in this region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 25.7% from 2023 to 2032 and is likely to dominate the market during the forecast period, this is because banks in this region are investing in digital platforms and mobile applications to provide convenient and accessible banking services to customers. Furthermore, banks in this region are adopting the practice of BYOD which in turn gives opportunities for the banking BYOD security to grow their market in this region, as the rate of hackers and cyber-attacks in countries such as India, Bangladesh and others is growing. Therefore, the adoption of banking BYOD security is projected to grow in this region.

Leading Market Players: –

  • Broadcom (Symantec)
  • BlackBerry Limited.
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd
  • Fortinet, Inc.
  • IBM corporation
  • Palo Alto Networks, Inc
  • Sophos Ltd.
  • Trend Micro Incorporated.
  • VMware, Inc.

The report provides a detailed analysis of these key players in the global banking BYOD security market. These players have adopted different strategies such as partnership, expansion, and product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the banking BYOD security market forecast from 2023 to 2032 to identify the prevailing banking BYOD security market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the banking BYOD security market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global banking BYOD security market trends, key players, market segments, application areas, and market growth strategies.

Banking BYOD Security Market Report Highlights

By Component

  • Solution
  • Service

By Device Type

  • Laptop
  • Smartphone and Tablet

By Security Type

  • Others
  • Device Security
  • Email Security
  • Application Security
  • Mobile Content Security
  • Network Security

By Region

  • North America (U.S., Canada)
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Market Players

Palo Alto Networks, Inc., Trend Micro Incorporated., Fortinet, Inc., BlackBerry Limited, Broadcom (Symantec), Cisco Systems, Inc., Check Point Software Technologies Ltd., VMware, Inc., IBM Corporation, Sophos Ltd.

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Procure Complete Report (303 Pages PDF with Insights, Charts, Tables, and Figures) @  https://bit.ly/43bS4zl

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Blockchain Press Releases

Howe-Baker International Signs Memorandum of Understanding with D.Energy to Pioneer Clean Hydrogen Production Using Blockchain Technology

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TYLER, Texas, July 17, 2024 /PRNewswire/ — Howe-Baker International, a leader in design and engineering for the energy sector, is pleased to announce the signing of a Memorandum of Understanding (MOU) with D.Energy, a layer 1 blockchain pioneering clean energy protocols. This strategic partnership aims to advance the research and development of implementing blockchain technology in the generation of clean hydrogen.

Under the terms of the MOU, Howe-Baker and D.Energy will collaborate to explore and develop blockchain-based systems to enhance the efficiency, transparency, and security of hydrogen production processes. The collaboration aligns with both companies’ commitment to fostering innovation and sustainability in the energy sector, heralding a new era of clean hydrogen production powered by blockchain technology.

Key Objectives of the Collaboration:

  1. Efficiency Enhancement: Utilizing blockchain technology to optimize hydrogen production processes, reducing costs and improving overall efficiency.
  2. Transparency and Traceability: Ensuring transparent tracking of hydrogen production from renewable sources to end-users, enhancing trust and accountability in the supply chain.
  3. Security and Data Integrity: Implementing robust blockchain solutions to safeguard data integrity and prevent unauthorized access or tampering.
  4. Sustainability Goals: Contributing to global efforts to reduce carbon emissions by promoting the adoption of clean hydrogen as a viable and sustainable energy source.

Comments from Leadership:

“We are thrilled to partner with D.Energy on this groundbreaking initiative,” said Layken White, president of Howe-Baker. “Combining our extensive experience in energy infrastructure with D.Energy’s blockchain expertise, we are poised to revolutionize the clean hydrogen production industry. This collaboration not only supports our sustainability goals but also positions us at the forefront of technological innovation in clean energy.”

Shafi Rafi, founder of D.Energy, added, “This MOU marks a significant milestone in our mission to integrate blockchain technology into the energy sector. By partnering with Howe-Baker, we aim to develop scalable and secure blockchain solutions that will drive the future of clean hydrogen production. Together, we are committed to creating a more efficient and sustainable landscape for On-Chain Real World Assets (RWAs).”

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About Howe-Baker International:

Howe-Baker International is a global technology company providing engineering, fabrication and construction services for the energy industry. With a rich history of delivering innovative solutions, Howe-Baker is dedicated to driving progress in the energy sector and supporting the transition to cleaner energy sources.

For more information, please contact: 
Reem Ellafi
[email protected]
www.howebaker.com

About D.Energy:

D.Energy is a layer 1 blockchain that specializes in tokenizing sustainable Real World Assets (RWAs). Its platform supports a wide range of applications, including trading climate assets, enhancing the efficiency and security of renewable energy production, and promoting the integration of sustainable energy technologies.

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For more information, please contact: 
Luke Potter
[email protected]
www.d.energy

Photo – https://mma.prnewswire.com/media/2463771/d_energy_howe_baker_square.jpg

 

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Blockchain

Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto

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 The highly anticipated Blockchain Futurist Conference, Canada’s Largest Web3 Event, is set to return for its sixth year to Toronto this August 13-14, 2024, with a focus on Artificial Intelligence as a core theme. This year’s event promises to offer sessions, panels, and sub-events centered around AI, highlighting how these technologies are transforming Web3 and reshaping our world. The dedicated AI segment is scheduled for Wednesday, August 14, 2024, and is accessible with all conference passes.

AI and Web3 technologies are rapidly converging to create a future that promises to revolutionize the digital landscape. AI’s ability to analyze vast amounts of data, and automate complex processes, complements Web3’s decentralized and transparent framework. This integration enables more secure, and equitable solutions across various sectors.

At this year’s event, attendees can hear from top industry leaders in AI such as:

  • Anthony Di Iorio, Founder, Ethereum, Decentral, Andiami

  • Ben-Zion Benkhin, CEO, WOMBO

  • Ashley Nandan, Google Canada, Startups

  • Ari Juels, Chief Scientist, Chainlink Labs

  • Christopher Johnson, Developer, Bad Idea AI

  • Trevor Koverko, Co-Founder, Sapien

  • JD Seraphine, CEO, Raiinmaker

  • Breeze Liu, Founder & CEO, Alecto AI

  • Christopher Obereder, Investor, Startup Chris Ventures

  • Adam Benzine, Creator & Oscar®-Nominated Filmmaker

AI Futurist Conference will also host multiple sponsors dedicated to AI organizations, such as Inference Labs, a Gold Sponsor at this year’s event.

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Inference Labs specializes in developing advanced infrastructure and products for AI on Web3. Their lab focuses on AI inference interoperating on the blockchain, an essential step for building a future where anyone can access AI without counterparty risk.

Ron Chan, Co-Founder of Inference Labs, and a visionary entrepreneur dedicated to pioneering the future of Decentralized AI had this to say:

“In all my years navigating tech cycles, I have never witnessed the level of developer interest in Artificial Intelligence that we see today. We’re at an inflection point where Internet traffic is roughly split 50/50 between humans and machines. I firmly believe that inference will soon become the dominant form of Internet traffic.”

With two decades of experience as a serial entrepreneur, Ron Chan has successfully navigated the ever-evolving tech industry, leading multiple technology and infrastructure startups to successful exits. His expertise spans architecting data centers, defense projects, and developing mission-critical civil aviation applications, showcasing his versatility and adeptness in managing complex, high-stakes ventures.

Futurist Conference will also host multiple sub-events and meetups for the AI community throughout the venue on both days. These include:

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  • Crypto x AI Book Signing: Ari Juels, Chief Scientist of Chainlink Labs and author of “The Oracle,” will discuss Crypto x Artificial Intelligence on the Main Stage, followed by a book signing.

  • AI Ethics Roundtable: A critical exploration of the ethical implications of AI and the transformative role of Web3 technologies.

  • AI Web3 & Robotics for Kids: A fun and interactive workshop for kids to learn about AI and Web3, with hands-on experience with robots.

  • Robots Live Onsite: Witness jaw-dropping innovations in action and experience the thrill of future technologies before your eyes.

Futurist Conference aspires to be more than just an event; it aims to create a future world within a conference, immersing attendees in the cutting-edge technologies that will shape tomorrow. By offering interactive experiences, and live demonstrations, the conference allows participants to see, feel, and engage with the latest advancements in AI, Web3, and beyond.

Futurist Conference is the perfect place for these industries to convene, providing a unique platform for thought leaders, innovators, and enthusiasts to explore the transformative potential of AI and Web3 technologies. Get ready to step into the future this August.

The post Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto appeared first on HIPTHER Alerts.

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Blockchain Press Releases

Zilliqa makes blockchain history by buying a racehorse

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SINGAPORE, July 17, 2024 /PRNewswire/ — Zilliqa, the long-established layer-1 blockchain and market leader in Web3 sports and entertainment, is proud to announce its venture into the world of horse racing through the acquisition of a racehorse.

Aptly named “The HRSE Horse”, the racehorse’s unique moniker is a nod to $HRSE, the recently-launched fan token of The Winners Circle, an innovative new loyalty platform that uses Web3 to redefine the racing fan experience.

The ownership will see The HRSE Horse sporting community-selected colours and branding when racing, generating mainstream exposure for both The Winners Circle and the Zilliqa blockchain.

The HRSE Horse is the first racehorse to ever be owned by a blockchain company, and its unusual name was not chosen only to prick up the ears of the established horse racing community, but also to demonstrate how The Winners Circle is combining the physical world of horse racing with its core tenet of digital ownership unlocked by harnessing the capabilities of the Zilliqa network.

Launched by Racing League and powered by Zilliqa, The Winners Circle is a fan engagement platform supercharged by Web3 that features a free-to-play prediction game where fans are rewarded with $HRSE tokens by correctly choosing the winners of real-world horse races. These tokens can then be used to influence the decisions of teams competing in the exciting Racing League competition while also unlocking exciting features such as discounts on racehorse ownership shares, tickets, merchandise, and more..

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The Token Generation Event (TGE) for $HRSE was concluded on July 17th, with the token now listed on participating exchanges such as MEXC and Pancake Swap.

Zilliqa’s foray into horse racing goes beyond sport; it is an opportunity to bridge the gap between physical and digital realms, echoing The Winners Circle’s vision of embracing opportunities in both spheres.

The HRSE Horse is trained by former National Hunt jockey and globally renowned racehorse trainer Jamie Osborne, whose mission to reinvigorate the world of horse racing and attract a younger demographic is aligned with the innovative fan-first approach taken by The Winners Circle that leverages Web3 to redefine the fan experience. Osborne’s extensive knowledge of horse racing and bright sense of humour birthed the idea of finding a horse for Zilliqa to own and naming it The HRSE Horse.

With a global presence amplified by the audience of this thrilling sport, Zilliqa aims to capture the imagination of communities worldwide, celebrating the spectacle of horse racing while promoting meaningful innovation powered by the Zilliqa blockchain and The Winners Circle.

Commenting on the announcement, Zilliqa CEO Matt Dyer, said:

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“We are thrilled to announce our ownership of The HRSE Horse, who we hope will turn heads for his speed as well as his unique name. In becoming the first blockchain to own a racehorse, not only do we showcase the potential for The Winners Circle to redefine fan engagement in this age-old sport, but we also demonstrate how the HRSE token brings the real and digital worlds together. We’ve bought a racehorse, and by signing up for The Winners Circle, fans can have the chance to own a share of one, too.”

Commenting on the announcement, Trainer Jamie Osborne, said

“I am excited by Zilliqa’s ownership of The HRSE Horse and excited to see him perform on the race track. Horse racing needs to embrace new technologies to attract a younger demographic, and I believe The Winners Circle has the potential to drive a new generation of racing fans to this thrilling sport, which is why I’ve supported their mission from the start. Hopefully The HRSE Horse and Zilliqa will achieve great success and make this season be remembered as the Zilliqa summer, on and off the track.”

About Zilliqa

Zilliqa, the industry-recognised layer-1 blockchain founded in Singapore in 2018 is a high-performance, high-security, and low-fee blockchain platform. Designed to scale with the demands of global businesses, the blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors, providing a robust platform for emerging developers and established enterprises alike. The next evolution of the network, Zilliqa 2.0, is currently under development and offers a user-centric platform designed for ease of use and customisability.

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