Press release
Key players in the Digital Risk Protection Platform Market 2022, SWOT analysis, key indicators, and forecast through 2030
Recent rapid technology improvements have forced businesses to spend money on intelligent database systems. Cybercriminals now find it simpler to target an organization's activities and steal its data for financial benefit due to the growing amounts of data collection. Multi-channel convergence and a number of brittle interfaces are the results of digitization. These data breaches endanger the organization's long-term viability. Consequently, the 21st century has seen a high rate of proliferation of intelligent cyber-security systems.
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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.
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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.
Key Segments Of Digital Risk Protection Platform Industry Survey
Digital Risk Protection Platform Market by Solution:
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:
Digital Risk Protection Platforms for SMEs
Digital Risk Protection Platforms for Large Enterprises
Digital Risk Protection Platform Market by Industry:
Digital Risk Protection Platforms in IT & Telecom
Digital Risk Protection Platforms in BFSI
Digital Risk Protection Platforms in Automotive
Digital Risk Protection Platforms in Healthcare
Digital Risk Protection Platforms in Manufacturing
Digital Risk Protection Platforms in Government
Digital Risk Protection Platforms in Education
Others
Digital Risk Protection Platform Market by Region:
North America Digital Risk Protection Platform Market
Latin America Digital Risk Protection Platform Market
Europe Digital Risk Protection Platform Market
East Asia Digital Risk Protection Platform Market
South Asia & Pacific Digital Risk Protection Platform Market
Middle East & Africa (MEA) Digital Risk Protection Platform Market
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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.
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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.
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