The digital risk protection platform market is expected to thrive at a CAGR of 10.1% between 2023 and 2033. The market is expected to cross a market share of US$ 2,748.55 million by 2033 while it is likely to be valued at US$ 1,050.5 million in 2023.
Established businesses going online, increasing online banking services and payments, and storage of intellectual property are flourishing the demand for services.
Governments building stringent norms to eliminate cyber threats and promoting enhanced security solutions are expected to garner growth for the market.
Growing e-commerce businesses increasing phishing and other attacks. This is fueling the demand for digital security platforms.
New security properties delivered by vendors like secured cloud storage, advanced threat protection, and email protection are fueling the demand for digital risk protection solutions.
Advanced SOCRadar digital risk protection platform is applied across the industry verticals, which acts as digital risk protection further fuels the market growth.
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Key Takeaways from the Digital Risk Protection Platform Market Report:
- The United States market is likely to lead the digital risk protection platform market in terms of market share and CAGR in North America. The market is expected to thrive at a leading CAGR of 7.2% between 2023 and 2033. The market growth is attributed to the rapidly growing e-commerce and outsourcing businesses. The regional market is likely to cross a value of US$ 493.84 million by 2033.
- China is another significant digital risk protection platform market. The regional growth is attributed to the increase in businesses across the region that are going online. The regional market is anticipated to record a CAGR of 10.6% during the forecast period while it is expected to hold a value of US$ 290.03 million by 2033.
- The large enterprise segment is likely to register in the enterprise size category at a CAGR of 9.3% during the forecast period. The growth is attributed to factors like increased investment and high data compilation.
- The integrated digital risk protection platform is expected to top the solutions type category as it is expected to develop a CAGR of 10.7% between 2023 and 2033.
Leading Key Players:
- Proofpoint
- Digital Shadows Ltd.
- FireEye
- LookingGlass Cyber Solutions
- RSA Security LLC
- PhishLabs
- Axur
- Blueliv
- CYBERSPRINT
- Safeguard Cyber
- RiskIQ
Market Developments:
- In March 2022, ThreatNG, a new cybersecurity firm, was officially launched and aimed at providing cybersecurity solutions and services to all sizes of businesses. The new venture is being branded as ‘security-centric’ and not ‘security-exclusive’, which indicates that the company may be providing more solutions other than cybersecurity verticals.
- Proofpoint has introduced its content threat monitoring systems that monitor any threats against your brand, locations, and executives. The company delivers social account protection that enforces the publishing applications policy.
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Digital Risk Protection Platform Market Segmentation:
- Integrated Digital Risk Protection Platforms
- Cloud Platforms
- On-premise Platforms
- Digital Risk Protection Services
- Integration & Implementation
- Digital Risk Consulting & Advisory
- Support & Maintenance
Digital Risk Protection Platform Market by Enterprise Size:
- SMEs
- Large Enterprises
Digital Risk Protection Platform Market by Industry:
- IT & Telecom
- BFSI
- Automotive
- Healthcare
- Manufacturing
- Government
- Education
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- The Middle East & Africa (MEA)
Authored By:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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