Global Digital Risk Protection Platform Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Digital Risk Protection Platform Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A digital risk protection platform is the act of using tools, technology, and industry expertise to track varied data sources for actionable threats against a business's digital footprint. Digital risk protection platform usually combines threat intelligence platforms with data leak detection engines, focusing on mitigating network Security and data leakage.

Market Overview:

The latest research study on the global Digital Risk Protection Platform market finds that the global Digital Risk Protection Platform market reached a value of USD 2916.2 million in 2022. It’s expected that the market will achieve USD 5510.09 million by 2028, exhibiting a CAGR of 11.19% during the forecast period.

The growth of the Digital Risk Protection Platform market is partially driven by market demand. With the global economic growth, the industry of downstream applications of Digital Risk Protection Platforms is also expanding, especially in the Large Enterprises market. The expansion of the downstream application industries continues to play an active role in the expansion of the Digital Risk Protection Platform market. At the same time, the policies of the Digital Risk Protection Platform industry in various regions are becoming stricter. This may become a factor that hinders Market growth.

The impact of COVID-19 on the digital risk protection platform market

The arrival of COVID-19 has further intensified the demand for the digital risk protection platform market. Strict home measures have led to the closure of many commercial spaces and offices around the world. This aspect has led to the widespread use of remote work worldwide. Remote work is gaining momentum.
Organizations encounter cyber threats and security breaches in remote work. Cybercriminals are using the COVID-19 pandemic scenario to launch ransomware, phishing emails, and data theft attacks to steal confidential information. Based on these trends, the digital risk protection platform market will show a steep upward curve throughout and after the pandemic.

The surge of digitization

When companies navigate turbulent waters, they find themselves investing heavily in smart technology and automation solutions. Combining the latest technology has greatly helped them optimize costs and expand their operations. To achieve this goal, they are increasingly using multiple technology platforms, such as mobile applications and collaboration tools.
This eternal digital footprint increases the risk of malicious cyber-attacks and endangers online security. As a result, organizations have increased their investment in cloud-based integrated security solutions to ensure data security, identity, and brand value. In addition, the scope of the government budget is being expanded to adapt to digitalization, accelerating the growth of the digital risk protection platform market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (36.57% in 2021).

Company Overview:

RSA Security is one of the major players operating in the Digital Risk Protection Platform market, holding a share of 16.32% in 2021.

Segmentation Overview:


By type, Cloud Based segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Large Enterprises, with a market share of 59.03% in 2021.

Key Companies in the global Digital Risk Protection Platform market covered in Chapter 3:

Recorded Future
IntSights
RiskIQ
FireEye
Axur
RSA Security
PhishLabs
ZeroFOX
ID Agent
Proofpoint
Cyberint
Digital Shadows
Safeguard Cyber
Group-IB

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Risk Protection Platform market from 2018 to 2029 is primarily split into:

Cloud Based
On-premise

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Risk Protection Platform market from 2018 to 2029 covers:

SMEs
Large Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)