Connect with us

Hi, what are you looking for?

Digital Risk Protection Platform Market is Forecasted to Reach US$ 31.3 Bn by the end of 2030

Digital Risk Protection Platform Market is accelerating at a CAGR of 9.8% from 2022 to 2030, forecasted to reach US$ 31.3 Bn by the end of 2030.

Rapid technological advancements in recent years have compelled companies to invest in smart database solutions. The increasing volumes of data collection have made it easier for cyber-criminals to target the organization’s operations and steal their data for financial gain. Digitization has led to multi-channel convergence and several fragile interfaces. Such data breaches prove deleterious for the organization’s long-term survival. Hence, the 21st century has been witnessing the high procreation of smart cyber-security solutions.

Request Sample of This Report @ 

https://www.futuremarketinsights.com/reports/sample/rep-gb-12528

Digital Risk Protection Market: Key Takeaways

  • Cloud-based integrated digital risk protection platforms to acquire high popularity, expanding at ~11%
  • North America is likely to emerge as the market hegemon, attributed to high expenditure on security solutions
  • SMEs to gather significant momentum in the forecast period, ascribed to their growing business volumes
  • BFSI to dominate the market in terms of industrial applications. Rising volumes of banking transactions is the chief driver
  • East & South Asia are poised to be the fastest growing regions, attributed to high volumes of digital business operations

COVID-19 Impact Analysis

The COVID-19 pandemic has impacted business in every sector. Social distancing norms are compelling organizations to transition towards digitalization to ensure operational continuity. Adoption of cloud computing platforms and build-your-own-devices to facilitate remote working are becoming highly mainstream.

According to estimates, nearly 3/5th of the organizations have adopted cloud platforms as a new normal. Companies are transforming existing infrastructure into virtual environment, aggrandizing the risk of cyber threats.

Organizations are experiencing cyber threats and security vulnerabilities in remote working. Cybercriminals are leveraging the COVID-19 pandemic scenario to initiate ransomware, phishing emails and data theft attacks to steal confidential information.

Ask an Analyst @

https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-12528

Competitive Intelligence

The digital risk protection platform market is highly fragmented, characterized by the presence of a number of regional players and global corporations. Within the scope of this report, the following companies have been profiled: Proofpoint, Digital Shadows Ltd, FireEye, RSA Security LLC, Axur, Cyberint, RiskIQ and Safeguard Cyber.

The aforementioned market players tend to rely on collaborations, partnerships and product launches in order to stay afloat. In August 2020, for instance, Proofoint partnered SaiPoint to develop a cyber-security solution aimed at safeguarding users’ data in e-mail inboxes. Moreover, end-users can avail secure access to applications without the fear of any malware attacks.

In July 2020, Digital Shadows initiated a new database service enabling organizations to discover possible data breaches by introducing additional capabilities within its SearchLight platform.

More Insights

FMI’s report on the digital risk protection platform market is segmented into four major sections such as solution (integrated digital risk protection platform, and services), enterprise size (SMEs, large enterprises), industry (government, education, manufacturing, automotive, BFSI, healthcare, IT & Telecom, and others) and region(North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the digital risk protection platform market.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedInTwitterBlogs

The post Digital Risk Protection Platform Market is Forecasted to Reach US$ 31.3 Bn by the end of 2030 appeared first on Future Market Insights.

You may also like:

World

A major UN conference on how to restore the faltering health of global oceans kicked off in Lisbon this week with a flurry of...

World

Philippine news site Rappler has been ordered to shut down - Copyright POOL/AFP RONEN ZVULUNPhilippine Nobel Peace Prize winner Maria Ressa’s news company Rappler...

World

Many people are claiming the Conservative majority on the U.S. Supreme Court are eroding our First Amendment rights.

World

Former White House aide Cassidy Hutchinson has already featured in videotaped depositions at two of the committee's hearings - Copyright AFP Christophe ARCHAMBAULTFrankie TAGGARTFormer...