Digital Risk Protection Platform Market Research Report Covering Prime Factors and Competitive Outlook till 2032

The research study conducted by Report Ocean on the "Digital Risk Protection Platform Market " spans over 100 pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.

Digital Risk Protection Platform Market is valued approximately at USD 866.61 million in 2021 and is anticipated to grow with a healthy growth rate of more than 10.1% over the forecast period 2022-2029. A Digital Risk Protection Platform is a comprehensive solution designed to help organizations detect, monitor, and mitigate digital risks and threats across the internet. The platform collects and analyzes data from various sources, such as the dark web, social media, forums and other online platforms to provide real-time threat intelligence. The Digital Risk Protection Platform market is expanding because of factors such as increasing cyber threats & increasing cases of data breaches and growing adoption of cloud-based services.

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These platforms typically encompass a range of tools and technologies that work together to provide proactive and reactive measures to protect an organization's digital assets and online presence. Its emergence has progressively increased during the last few decades. According to the Statista, in 2022, around four in ten global internet users have experienced cybercrime. In between November and December 2022, internet users in India were most likely to have fallen victim to cybercrime, as nearly 70% of respondents claimed to have experienced cybercrime. The United States is ranked second, with almost half of the respondents, 49%, saying they had experienced cybercrime. Furthermore, manufacturing sector had the biggest share of cyber-attacks among the world's main industries in 2022.. During the same year, cyber-attacks in manufacturing companies accounted for nearly 25% of the total cyber-attacks. Finance and insurance followed with around 19%. Professional, business, and consumer services ranked third with a share of 14.6%. Another important component driving space is increasing adoption of cloud-based services. According to Statista, in 2021, the global cloud applications market had a value of USD 133.6 billion and is expected to reach USD 168.6 billion by 2025. The cloud applications software market is anticipated to grow at a compound annual growth rate of 4.8%. In addition, 80% of enterprise respondents indicated that they were adopting Microsoft Azure for public cloud usage.

Many key industrial players have taken initiatives to overcome such digital risk and potential threat. For instance, in July 2022, Bolster, Inc., a firm that provides automated digital risk protection, launched the inclusion of four additional platform modules social media, app store, marketplace, and dark web monitoring. It is the first solution provider with this comprehensive digital risk prevention capabilities in a single platform, Customers can benefit from a comprehensive array of digital risk management services powered by Bolster's industry-leading artificial intelligence. As it is enabled with artificial intelligence which provides automated detection, analysis, and takedown capabilities. Also, rising government initiatives for the adoption of digital platforms and increasing technological proliferation would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Digital Risk Protection Platform stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Digital Risk Protection Platform Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominates the market in terms of revenue, owing to the increasing risk of malware and other kinds of cyberattacks in this region. According to the Statista, in 2022, In the United States, there were 1802 incidents of data breach. Meanwhile, over 422 million people were affected by data intrusions in the same year, including data breaches, leakage, and exposure. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as crease in start-ups and the rising adoption of cloud-based platforms to boost digitization in the market space.

Major market player included in this report are:
Proofpoint, Inc (United States)
Digital Shadows Ltd. (United States)
Musarubra US LLC (United States)
LookingGlass Cyber Solutions, Inc (United States)
RSA Security LLC (United States)
PhishLabs, Inc. (United States)
Axur Inc (United States)
Safeguard Cyber Inc. (United States)
RiskIQ Inc. (New Zealand)
ZeroFox Holdings, Inc (United States)

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Recent Developments in the Market:
In April 2023, ZeroFox is collaborating with Google Cloud to prevent phishing attacks by informing customers about dangerous URLs and fake websites. ZeroFox utilizes the Google Cloud Web Risk Submission API services that verifies risky website URLs and displays warnings across 5 billion devices through browser, networking sites, and other technological integrations.

Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Solution, Enterprise Size, Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below.

By Solution
Cloud Platforms
On-premises Platforms

By Enterprise Size
SMEs
Large Enterprises

By Industry
IT & Telecom
BFSI
Automotive
Healthcare
Manufacturing
Others

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

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Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?

Growth Hampering Factors in the Market:
• Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
• Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
• Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
• Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
• Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
• Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
• Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
• Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
• Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.

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