Competitive Market Growth, Size, Share and Forecast to 2028 for Digital Risk Protection Software Market 2019 2027, By Offering (Solution (Cloud, On-Premise), Services); By Organization Size (Small And Medium Enterprises, Large Enterprises); By Industry (Banking, Financial Services & Insurance, Military & Defence, Government, Education, Healthcare & Pharmaceuticals, Media & Entertainment, Information Technology & Telecommunications, Manufacturing & Automotive, NGOs & Non-Profits, Others) By Type (Integrated Risk Protection, Standalone (Identity Access Management, Brand Protection, Data & Technical Leakage Detection, Threat Intelligence, Audit & Compliance Management, Others)
The Digital Risk Protection Software Market 2019 2027 will reach US$ 1,294.4 Mn by 2028 at a CAGR of 8.30% , according to the Absolute Markets Insights Comprehensive Research Report titled Digital Risk Protection Software Market 2019 2027
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Digital risk protection software refers to solutions that enable enterprises to reduce risk with ease and protect important business information from being digitally hampered and from data loss or theft. Some of the major types of digital risk encountered by companies include cyber-attacks, data privacy risks, automation risk, and compliance & resilience risk amongst others. Industries such as healthcare and pharmaceuticals, IT and telecommunication, BFSI, education, etc., have observed a massive increase in volume of data generated over the last couple of decades. For instance, in 2018 the total data generated across the world was 912.5 Quintillion bytes of data. Data protection, which can either be business related documents in the case of B2B businesses, or customer information in case of B2C businesses, consumes a huge portion of the cyber security budget for companies. The proliferation of data has increased the risk of theft and leakage, which is escalating the need for adequate digital protection solutions among enterprises, thereby influencing the growth of global digital risk protection software market.
The COVID-19 pandemic is causing a serious shift in the way businesses are functioning. Remote working culture is being increasingly adopted across organizations, especially in countries such as the U.S., India and China amongst others, which is encouraging them to restructure their cyber security and data privacy policies. The disruption in supply chain management caused by the lack of supervision in some industries is increasing the risk of transaction frauds and counterfeits. This in-turn is increasing the demand of software-based solutions for mitigating advanced digital risk, thereby influencing the growth of global digital risk protection software market.
The term Digital Risk Protection Software Market 2019 2027 is influenced by a number of variables, including forward/backward integration, economies of scale, the proportion of different distribution channels, elements influencing consumer behavior, such as brand loyalty, price, and accessibility of the product, capital investments, the regulatory environment, production rights and patents, marketing strategies, and other client preferences. The stakeholders in the industry will probably find this knowledge valuable, and it may even motivate them to take action.
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Digital Risk Protection Software Market 2019 2027 Competitive Landscape:
The prominent companies in the Digital Risk Protection Software Market 2019 2027 are:
Axur, Blueliv, Cyberint, CYBERSPRINT, Digital Shadows Ltd., DIGITALSTAKEOUT INC., FireEye, LookingGlass Cyber Solutions, Inc. , PhishLabs, Proofpoint, Inc. , RiskIQ , RSA Security LLC., SafeGuard Cyber, SAI Global Pty Limited., Skurio Ltd., Sweepatic, Terbium Labs, Waverley Labs LLC., ZeroFox, and other market participants.
Impact of COVID-19:
This article makes observations about COVID-19 consumer behavior, demand changes, shopping trends, supply chain restructuring, market forces dynamics, and significant government involvement. The new study offers further information, analysis, projections, and estimates regarding the market effects of COVID-19.
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The fully updated, 405+ page books provide a comprehensive overview of the COVID-19 virus and pandemic. You can discover more about subjects like regional impact analysis, worldwide prediction, competitive landscape analysis, and size & share of regional markets by using industry data and expert interviews. Information on the market’s size, key players, profitability analysis, SWOT analysis, historical and projected statistics, growth Porter’s Five Forces analysis, revenue projections, industry trends, and financial ratios are all included in the free sample. Along with assessments from Absolute Market Insights for various countries and regions, the study also provides thorough analyses of the major variables influencing the market’s growth. The Sample Report gives readers a competitive edge by providing more information on the main market participants, including their sales volume, corporate strategy, and revenue analysis. Key Benefits of Global Digital Risk Protection Software Market 2019 2027 Report:
Much work has been devoted to studying both the present and the future as part of the study of global Digital Risk Protection Software Market 2019 2027 trends. The Global Digital Risk Protection Software Market 2019 2027 Growth Research Report offers comprehensive data on the Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and National levels.
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Digital Risk Protection Software Market 2019 2027 Regional Insights
In terms of region, North America accounted for the largest market in the global digital risk protection software market in 2019 and is expected to grow at a CAGR of 8.0% over the forecast period. This growth is attributed to the increasing instances of cyber-attacks in the United States. According to the study undertaken by United States Cyberspace Solarium Commission, the major cyber-attacks faced by the country include phishing of social media accounts and hacking of email accounts. For instance, United States ranks first with 18.2% of all ransomware attacks. Owing to the rising concerns pertaining to loss of digital data, the United States government has increased its spending on cyber security to US$ 15 Bn in 2019, which is 4% higher than the investment made in 2018. This is influencing the adoption of this software across the country, thereby, contributing to the overall growth of the digital risk protection software market. On the other hand, Asia Pacific is expected to grow with the highest CAGR of 9.2% over the forecast period. This is attributed to the increasing strategic investment of major players towards the expansion of geographical reach of their businesses to Asia Pacific region. For instance, London-based Octopus Ventures invested in digital risk protection start up Digital Shadows, which is led by corporate venture capital fund of the National Australia Bank (NAB). With this investment, Octopus Ventures strategically plans to expand its customer count from hundreds to thousands. Similar continued investment of market participants to capitalise on the prevailing opportunity in the region is anticipated to influence the growth of digital risk protection software market over the future years.
In terms of revenue, global digital risk protection software market was valued at US$ 633.2 Mn in 2019 and is anticipated to reach US$ 1,294.4 Mn in 2028, growing at a CAGR of 8.3% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The report provides a comprehensive examination of a number of factors, including the distribution of the Digital Risk Protection Software Market 2019 2027 in significant geographic areas. North America, Europe, Asia-Pacific, and Latin America are the key geographical emphasis areas of the study.
Why the Digital Risk Protection Software Market 2019 2027 Report is Beneficial?
The Digital Risk Protection Software Market 2019 2027 study was constructed using a comprehensive and modern research approach. The study contains a large amount of data on the most current technological and product advancements in the Digital Risk Protection Software Market 2019 2027 and offers a complete analysis of the market competition for the Digital Risk Protection Software Market 2019 2027. The numerous evaluations of how these upgrades may affect the ongoing growth of Digital Risk Protection Software Market 2019 2027 In the research report for the Digital Risk Protection Software Market 2019 2027 study, extensive historical data and analysis are presented.
The graphical data representations used in the Digital Risk Protection Software Market 2019 2027 report, such as bar graphs, statistics, pie charts, etc., make the report’s insights obvious and simple to comprehend. Digital Risk Protection Software Market 2019 2027 Segmentation:
Based on the makeup of the product and the intended use for which it is to be used, various divisions have been made within the Digital Risk Protection Software Market 2019 2027 market. The growth rate and market share of each market segment are assessed. The experts have also investigated prospective areas where the producers could make money in the ensuing years. Thanks to the accurate volume and value estimates provided by the geographical analysis, market participants can better understand the entire industry.
Global Digital Risk Protection Software Market:
Cloud On Premise Services
By Organization Size
Small and Medium Enterprises
Banking, Financial Services and
Military and Defence
Healthcare and Pharmaceutical
Media and Entertainment
Information Technology and Telecommunication
Manufacturing and Automotive
NGOs and Non-Profits
Integrated Risk Protection
Identity Access Management Brand Protection Data and Technical Leakage Detection Threat Intelligence Audit and Compliance Management Others Global Digital Risk Protection Software Market 2019 2027 by Region Digital Risk Protection Software Market 2019 2027
North America US Canada Mexico Rest of North America Europe Germany France Italy Spain UK Nordic Countries Denmark Finland Iceland Sweden Norway Benelux Union Belgium The Netherlands Luxembourg Rest of Europe Asia-Pacific Japan China India Australia South Korea Southeast Asia Indonesia Thailand Malaysia Singapore Rest of Southeast Asia Rest of Asia-Pacific The Middle East & Africa Saudi Arabia UAE Egypt South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Absolute Markets Insights
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