Digital Security Control Market Forecasted to Reach Value of Around US$ 24.5 Bn by 2027

Global Digital Security Control Market is valued at approximately USD 15.12billion in 2020 and is anticipated to grow with a healthy growth rate of more than 15% over the forecast period 2021-2027.

Digital security control is worried about protecting and getting a person's digital way of life just as other digital connections. It is the organization or web likeness an individual's actual character. Digital security is comprised of different instruments that are utilized to ensure the actual personality of the supporter, resources, and innovation in the portable and online universes.

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North America held the largest share of the global digital security and control market. The high penetration of digital security and control in mobile and telecommunication services is a major growth driver for its North American market. In 2018, Europe was the second-largest market. Due to rapidly growing IT infrastructure in underdeveloped nations, Asia-Pacific is projected to be the major growing digital security and control market during the forecast period.

The transition from analog-based digital security systems to digital internet protocol (IP)-based systems has increased market penetration among small and medium-sized businesses. One of the primary driving factors for the market for digital security control is the transition from magnetic stripe technology to the Europay, Mastercard, and Visa (EMV) method. It is a globally recognized standard for all cards that contain computer chips. In 2017, Mastercard paid $1.15 billion for London-based VocaLink Holdings Ltd., which has software that can run on real-time payment networks. In 2019, the card company agreed to pay $3.19 billion for the majority of the corporate service businesses of Nets A/S, a European payments technology company.

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Global Digital Security Control Market size study, by hardware (smart card, sim card, biometric technology, security token) by software (anti-phishing, authentication, network surveillance, security management, web technologies) by service (two-, three-, and four-factor authentication services) by application areas (mobile security & telecommunications, finance & banking, healthcare, commercial, others)and regional forecasts 2021-2027

Major market players included in this report are:
Gemalto N.V.
Fireeye, Inc.
Oberthur Technologies
Safenet, Inc.
Vasco Data Security International
3M
HID Global
NEC Corporation
RSA Security LLC
Morpho SAS

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